Zheng Quan Shi Bao Wang·2025-11-17 02:13Core Viewpoint - The military industry sector experienced a strong rally on the 17th, with significant stock price increases for companies such as Zhongfu Tong and Jianglong Shipbuilding, indicating heightened investor interest due to escalating geopolitical uncertainties [1] Industry Summary - The military sector is expected to gain increased attention as geopolitical uncertainties rise, with China's advanced main battle equipment not only meeting domestic demand but also showing competitive strength in international markets [1] - There is a positive outlook for the export of high-end and systematic weaponry from China, which is anticipated to drive a revaluation of core military assets [1] - According to CITIC Securities, the period from 2025 to 2027 is expected to see a strong upward trend in the industry, coinciding with the centenary of the military in 2027 and the transition from the 14th Five-Year Plan to the 15th [1] - The demand side of the industry is expected to present numerous opportunities, with orders showing recovery in the first half of the year and upstream companies reporting good performance in their mid-year reports [1] - The "9.3" military parade showcased several advanced equipment, and the third and fourth quarters are typically peak periods for the delivery of national defense and military products, suggesting a continued recovery in order fundamentals [1] - Looking ahead to the fourth quarter, domestic demand growth in the military sector is expected to accelerate, and military trade orders are likely to continue materializing, leading to a significant increase in overall recovery momentum and sustained expectations for consolidation [1]