两年政府工作报告锚定商业航天，航空航天ETF（159227）成交稳居同类第一，全市场军工含量最高

Group 1 - The aerospace sector is experiencing fluctuations, with the aerospace ETF (159227) down by 1.32% as of 10:57 AM, and a trading volume of 0.92 billion yuan, maintaining its position as the largest in its category [1] - Key stocks within the ETF, such as Aerospace Development, Huali Chuangtong, Aerospace Morning Light, and China Satellite, are showing positive performance [1] - The 2024 Government Work Report emphasizes the development of commercial aerospace and low-altitude economy as new growth engines, while the 2025 report further supports the safe and healthy development of emerging industries like commercial aerospace and deep-sea technology [1] Group 2 - The aerospace ETF (159227) closely tracks the Guozheng Aerospace Index, focusing on core sectors of China's military industry and strategically positioning itself in cutting-edge aerospace technologies [2] - The index encompasses critical industry chain segments such as aerospace equipment, satellite navigation, and new materials, aligning with national defense modernization and high-end equipment upgrade strategies [2] - The constituent stocks are selected from leading companies in the military sector, covering areas like large aircraft manufacturing, low-altitude economy, and commercial aerospace, thereby capturing the rapid development benefits of the national defense technology industry [2]