三重浪潮驱动军工新周期，航空航天ETF（159227）连续6日净流入，规模居同类第一

Group 1 - The three major indices opened mixed on September 5, with the defense and military industry sector showing an upward trend. The aerospace ETF (159227) opened lower but rose by 0.09% as of 10:02, with stocks like Huatai Technology, AVIC Shenyang Aircraft, and Zhong无人机 increasing in value. Conversely, Changcheng Military Industry faced two consecutive days of trading limits, with Inner Mongolia First Machinery and Construction Industry experiencing significant declines [1] - The aerospace ETF (159227) has seen a continuous net inflow of funds over the past six days, totaling over 387 million yuan, with a current scale of 1.229 billion yuan, maintaining its position as the leader in its category [1] - The global military industry is entering a new cycle driven by three major trends: the historical turning point in global economic and social development, the prevalence of de-globalization and trade conflicts, and the emphasis on localizing and securing supply chains amid frequent geopolitical conflicts [1] Group 2 - Guojin Securities believes that China’s weaponry is expected to increase its market share in military trade, marking a significant moment for the Chinese military industry [1] - The aerospace ETF (159227) tracks the Guozheng Aerospace Index, which has a high concentration covering core companies in the Chinese military industry, including large aircraft and low-altitude economy sectors. The military industry accounts for 97.96% of the index, with a higher focus on aerospace equipment compared to other indices, emphasizing the importance of air and space power in modern warfare [1]