逻辑变天？ 军工板块“预期兑现”迈向“基本面驱动”新时代

Group 1 - The upcoming military parade on September 3 is expected to influence the military industry sector, with investors keen on understanding the potential changes and future trends in this area [1] - The defense and military industry index experienced a decline of 3.04% as of September 2, indicating a cooling off period after previous gains, attributed to profit-taking behavior following strong performance and the conclusion of interim reports [1][2] - The military industry is anticipated to see improved order demand as the "14th Five-Year Plan" concludes and the "15th Five-Year Plan" begins, with some companies already reporting significant orders, suggesting a recovery in demand [2] Group 2 - The military industry faced challenges last year due to pricing pressures, but these are gradually easing, and new revenue streams from sectors like commercial aerospace and military intelligence are emerging [2] - The long-term outlook for the military industry remains robust, driven by the strategic goal of building a world-class military, marking the beginning of a new golden era for the sector [2][3] - The military sector is transitioning from being driven by event-based expectations to a phase where fundamental performance will play a more significant role, indicating a stable upward trajectory with limited downside risk [3]