“十五五”聚焦高端装备，高端装备ETF（159638）核心投资机遇持续走强

Group 1 - The A-share market showed mixed performance after a low opening, with the Shanghai Composite Index briefly turning positive. High-end equipment concept stocks, such as Aerospace Electronics, saw significant gains, with some stocks hitting the daily limit and others rising over 5% [1] - The high-end equipment ETF (159638), which tracks the CSI High-end Equipment Sub-index, has seen a steady increase this year, attracting market attention. Data from Wind indicates that in the past six months (as of December 12), the ETF has experienced a net inflow of nearly 300 million yuan, with its latest scale exceeding 1.7 billion yuan [1] - The high-end equipment manufacturing industry is considered a foundation for strengthening the nation, playing a crucial role in accelerating the development of new productive forces and implementing the manufacturing power strategy. The 14th Five-Year Plan suggests fostering emerging industry clusters like the low-altitude economy and enhancing key core technology breakthroughs in critical fields [1] Group 2 - Some brokerages indicate that China is on the verge of a network formation similar to SpaceX from 2018 to 2020. With the G60 and GW National Grid entering a period of intensive launches, satellite manufacturing is transitioning from laboratory customization to automotive assembly line production [2] - Under the energy security strategy, China is continuously introducing policies to increase energy exploration efforts, which is expected to maintain strong capital expenditure in energy extraction. The deep-sea equipment manufacturing sector is likely to benefit from this trend [2] - The last pain point in industrial production is meeting customer customization needs at low cost, large scale, and timely manner. Humanoid robots, as carriers of artificial intelligence, are expected to integrate traditional production lines into various manufacturing processes, addressing the final mile of consumer personalization [2]