Zheng Xing Xing Ye Ri Bao·2025-11-18 08:11Core Insights - The military electronics sector experienced a decline of 1.12% on November 18, with Aerospace South Lake leading the drop [1] - The Shanghai Composite Index closed at 3939.81, down 0.81%, while the Shenzhen Component Index closed at 13080.49, down 0.92% [1] Stock Performance - Notable gainers in the military electronics sector included: - Aerospace Development (000547) with a closing price of 11.39, up 10.05% and a trading volume of 4.09 million shares, totaling 4.597 billion yuan [1] - ST Wanfang (000638) closed at 6.00, up 5.08% with a trading volume of 406,300 shares, totaling 240 million yuan [1] - Hongda Electronics (300726) closed at 41.65, up 4.26% with a trading volume of 132,600 shares, totaling 550 million yuan [1] - Major decliners included: - Aerospace South Lake (688552) closed at 35.01, down 4.58% with a trading volume of 46,000 shares, totaling 163 million yuan [2] - New Light Optoelectronics (688011) closed at 42.05, down 4.37% with a trading volume of 24,200 shares, totaling 102 million yuan [2] - Tian Ao Electronics (002935) closed at 18.80, down 3.93% with a trading volume of 205,000 shares, totaling 387 million yuan [2] Capital Flow - The military electronics sector saw a net outflow of 1.069 billion yuan from institutional investors, while retail investors contributed a net inflow of 850 million yuan [2] - The sector's capital flow details indicate: - Huafeng Technology (688629) had a net inflow of 1.68 billion yuan from institutional investors, but a net outflow of 204 million yuan from retail investors [3] - Aerospace Development (000547) experienced a net inflow of 1.089 million yuan from institutional investors, with a significant net outflow of 168 million yuan from retail investors [3]