“十五五”确立军工上升周期，军工ETF（512660）午后领涨超1.3%，规模超150亿元居同类第一

Core Viewpoint - The military industry is expected to enter a new growth cycle driven by the "14th Five-Year Plan" and the goals set for the centenary of the military, with a focus on high-quality modernization and national defense [1] Industry Outlook - The military industry is projected to experience an upward cycle as indicated by the "14th Five-Year Plan" recommendations, with favorable fundamentals supporting this trend [1] - Quarterly reports show a trend of improvement, suggesting that the industry is gaining momentum [1] - In the fourth quarter, it is anticipated that orders related to the "14th Five-Year Plan" will gradually materialize, potentially leading to a bullish market driven by military trade [1] Investment Opportunities - The military ETF (512660) tracks the CSI Military Index (399967), which includes listed companies in sectors such as aviation, aerospace, shipbuilding, weaponry, and military electronics [1] - The index reflects the overall performance of listed companies in the Chinese military industry, focusing on small and mid-cap stocks primarily in aviation equipment and military electronics [1]