Zheng Xing Xing Ye Ri Bao·2025-11-20 09:16Market Overview - The military electronics sector experienced a decline of 0.61% on November 20, with Aerospace South Lake leading the drop [1] - The Shanghai Composite Index closed at 3931.05, down 0.4%, while the Shenzhen Component Index closed at 12980.82, down 0.76% [1] Stock Performance - Notable gainers in the military electronics sector included: - Aerospace Development (000547) with a closing price of 13.78, up 9.98% and a trading volume of 6.7656 million shares, totaling 8.763 billion yuan [1] - Guanshang Technology (301213) closed at 64.25, up 5.57% with a trading volume of 36,600 shares, totaling 230 million yuan [1] - National Science and Technology (301571) closed at 47.70, up 3.47% with a trading volume of 160,800 shares, totaling 288 million yuan [1] - Conversely, significant decliners included: - Aerospace South Lake (688552) closed at 33.35, down 5.58% with a trading volume of 44,000 shares, totaling 149 million yuan [2] - Yaguang Technology (300123) closed at 6.92, down 4.95% with a trading volume of 2.4271 million shares, totaling 169.6 million yuan [2] - Tianhe Defense (300397) closed at 13.71, down 3.99% with a trading volume of 501,200 shares, totaling 686 million yuan [2] Capital Flow - The military electronics sector saw a net outflow of 1.493 billion yuan from institutional investors, while retail investors contributed a net inflow of 926 million yuan [2][3] - Key stocks with significant capital flow included: - Huali Chuantong (300045) with a net inflow of 52.0934 million yuan from institutional investors, but a net outflow from retail investors [3] - Jingjiawei (300474) had a net inflow of 26.3674 million yuan from institutional investors, with a net outflow from retail investors [3] - Guanshang Technology (301213) experienced a net inflow of 13.9259 million yuan from institutional investors, but also saw outflows from retail investors [3]