商业航天IPO潮涌，军工产业迎来结构性转变，航空航天 ETF（159227）成布局利器

Group 1 - The military industry sector experienced fluctuations and a rebound, with the Aerospace ETF (159227) narrowing its decline to 1.52% as of 10:45 AM, achieving a transaction volume of 119 million yuan, making it the largest in its category [1] - Several leading companies in the aerospace sector have initiated IPO guidance, indicating a continuous influx of capital. The commercial aerospace sector has maintained high investment activity in Q4, with companies like Tianbing Technology and Infinite Aerospace making financing progress across various sub-sectors [1] - CITIC Securities believes that China's military industry has undergone a structural transformation, evolving from a single domestic demand-driven model to a new model driven by "domestic demand, foreign trade, and civilian use," particularly evident in the commercial aerospace sector [1] Group 2 - The Aerospace ETF (159227) closely tracks the Guozheng Aerospace Index, focusing on core military aerospace sectors, with a high concentration of 98.2% in the primary military industry, making it the highest purity military index in the market [2] - The index's component stocks have a weight of 68% in aerospace equipment, significantly surpassing the weights in the Zhongzheng Military and Zhongzheng Defense indices, allowing for a streamlined investment approach in the aerospace sector [2]