KCT(SZ:002625) 2 1 Shi Ji Jing Ji Bao Dao·2025-10-24 07:11Core Viewpoint - The satellite internet and military industry sectors are experiencing strong performance, with significant gains in related ETFs and stocks, driven by favorable market conditions and policy support [1]. Industry Summary - The aerospace ETF Tianhong (159241) rose by 2.28%, with a trading volume nearing 600 million yuan, indicating robust investor interest in the sector [1]. - Among the ETF's constituent stocks, China Satellite reached its daily limit, while other notable gainers included Zhenhua Wind Power, Guangqi Technology, Great Wall Military Industry, and Guoke Military Industry [1]. - The aerospace ETF focuses on commercial space investment opportunities, covering sub-sectors such as aerospace equipment, military electronics, and satellite internet, aligning with trending themes like low-altitude economy and large aircraft [1]. Company Summary - According to Wind data, out of 17 companies in the defense and military industry that disclosed their Q3 2025 reports, 12 reported profits, highlighting a positive trend in the sector [1]. - Guangqi Technology, a constituent of the aerospace ETF, reported a total revenue of 653 million yuan in Q3, a year-on-year increase of 56.5%, and a net profit attributable to shareholders of 220 million yuan, up 25.28% year-on-year [1]. - Zheshang Securities anticipates that the modernization of defense equipment will accelerate, with expectations of improved performance for key enterprises in Q3 2025 as order fulfillment increases and external disruptions diminish [1].