Zheng Quan Shi Bao Wang·2025-11-26 00:00Core Viewpoint - The report by Huatai Securities indicates that the aerospace and military industry is expected to transition from quantity to quality improvements during the 14th Five-Year Plan period, with a focus on new-generation equipment in the upcoming 15th Five-Year Plan [1] Group 1: Military Equipment Development - The military's weaponry construction will prioritize new-generation fourth-generation equipment as a key direction during the 15th Five-Year Plan [1] - The development of new domain and new quality combat forces is seen as a new trend in military advancement, with expectations for large-scale, practical, and systematic growth during the 15th Five-Year Plan [1] Group 2: Investment Opportunities - Suggested areas for investment include drone offense and defense, ground unmanned equipment, underwater offense and defense, low-cost munitions/missiles, and military AI [1] - The new generation of military aircraft and missile industry chains, along with new domain and new quality directions, are recommended for attention [1] Group 3: Market Potential - The military trade market and the application of military technology in strategic emerging industries present vast market opportunities [1] - Areas of interest include commercial aerospace, low-altitude economy, deep-sea technology, nuclear energy utilization, and domestically produced large aircraft, as well as the military-to-civilian technology application sector [1]