Addsino (SZ:000547) Xin Lang Ji Jin·2025-11-18 12:19Core Viewpoint - The defense and military industry sector experienced a significant adjustment, with the popular defense military ETF (512810) declining by 1.31% on November 18, despite active buying interest, as it continued to trade at a premium [1][4]. Market Performance - The defense military ETF (512810) saw a total inflow of over 100 million yuan in the previous six days, indicating strong market interest [1]. - The ETF faced a decline, losing its 5-day and 10-day moving averages, and briefly fell below the six-month line but managed to hold its ground [1][4]. Sector Analysis - Analysts suggest that the defense and military sector may enter a configuration cycle, with a focus on four main lines: 1. The main battle equipment industry chain from a military trade perspective, emphasizing companies with assembly capabilities and overseas delivery experience [4]. 2. Advanced combat fields such as underwater offense and defense, unmanned clusters, network electromagnetic countermeasures, and intelligent command [5]. 3. Technology-driven sectors under military-civilian integration, including commercial aerospace, low-altitude economy, controllable nuclear fusion components, high-energy lasers, electromagnetic launch, and special robots [5]. 4. Reform and asset securitization, focusing on local state-owned assets and central enterprise military groups accelerating the securitization of unlisted assets [5]. Investment Tool - The defense military ETF (512810) is highlighted as an efficient investment tool for accessing core assets in the defense sector, covering various popular themes such as commercial aerospace, low-altitude economy, controllable nuclear fusion, large aircraft, deep-sea technology, and military AI [5].