中字头大权重领跌，国防军工ETF（512810）跌逾1%溢价频现！机构：当前国防军工板块配置价值凸显

Core Viewpoint - The defense and military industry sector experienced fluctuations, with the defense military ETF (512810) dropping over 1% on September 16, despite strong buying interest as evidenced by a trading volume exceeding 400 million yuan and nearly 10 million yuan in new investments during the dip [1][3]. Group 1: Market Performance - The defense military ETF (512810) saw a decline of over 1% during trading, with a trading volume exceeding 400 million yuan, indicating strong buying interest [1]. - Major component stocks such as China Shipbuilding fell nearly 4%, while other significant players like AVIC Shenyang Aircraft and Aero Engine Corporation of China dropped over 1% [1]. - Conversely, stocks like Platen and Jihua Group saw gains, with increases of over 4% and 3% respectively [1]. Group 2: Industry Developments - On September 13, Malaysia's AirAsia expressed strong interest in purchasing China's C919 passenger aircraft to expand into the Southeast Asian market, capitalizing on China-ASEAN trade opportunities [3]. - The upcoming military parade on September 3, 2025, will feature a new "New Type Combat Forces" formation, showcasing advancements in drone technology and the trend of upgrading the defense industry [3]. - Northeast Securities noted that the disruptive factors in the defense military sector have been eliminated, leading to a recovery in demand and a clear long-term growth target [3]. Group 3: Investment Logic - According to Dongfang Securities, the increasing instability in the international security environment, highlighted by Japan's record defense budget and missile deployments, suggests that China's defense spending will continue to rise [3]. - The implementation of the 14th Five-Year Plan is expected to drive breakthroughs in technology innovation and equipment upgrades within the defense military industry chain [3]. - Geopolitical tensions are anticipated to sustain long-term growth in equipment demand, with new production capabilities in areas like information technology and automation expected to amplify upstream component demand [3]. - China's competitive pricing in military trade is expected to emerge as a new growth point, enhancing the investment value of the defense military sector [3].