继续调整！国防军工ETF失守10日线，场内溢价不止！中航系重挫，成飞绩后跌逾8%

Group 1 - A-shares declined again on August 28, with the Shanghai Composite Index closing below 3800 points, and the defense and military industry sector showing a downward trend [1] - The defense and military ETF (512810) experienced a drop of over 1% during the session, with a trading volume exceeding 1.6 billion yuan by 13:40 [1] - In the past three days, the ETF attracted a total of 91.2 million yuan in capital [1] Group 2 - Among the constituent stocks, the Aviation Industry Corporation of China (AVIC) and ground equipment manufacturers saw significant declines, with AVIC Chengfei dropping over 8% [3] - AVIC Chengfei reported a revenue of 20.702 billion yuan for the first half of 2025, a year-on-year decrease of 38.99%, and a net profit of 0.913 billion yuan, down 68.33% [3] - Guojin Securities indicated that the decline in Chengfei's performance may be due to changes in product delivery structure, with a low proportion of core mass production products [3] Group 3 - The overall performance of the defense and military sector is showing signs of recovery, with 52 out of 64 constituent stocks reporting profits in the first half of 2025 [3] - Notably, 15 stocks reported a year-on-year net profit growth exceeding 30%, with Aerospace Science and Technology leading with a staggering increase of over 21 times [3] - The upcoming September 3 military parade is expected to boost market sentiment, with new equipment set to debut, indicating potential growth in the sector [3][4] Group 4 - The defense and military ETF (512810) encompasses both traditional military forces and emerging sectors such as commercial aerospace, low-altitude economy, large aircraft, deep-sea technology, military AI, and controllable nuclear fusion [4] - The ETF serves as an efficient tool for investing in core assets of the defense and military sector, being a financing and margin trading target [4]