Sou Hu Cai Jing·2025-12-18 03:14Core Insights - The aerospace ETF Tianhong (159241) has seen significant trading activity, with a turnover of 8.83% and a transaction volume of 53.17 million yuan as of December 18, 2025 [1] - The underlying index, the National Aerospace Industry Index (CN5082), rose by 2.17%, with notable gains from constituent stocks such as Beimo Gaoke (002985) up 10.01% and Guobo Electronics (688375) up 8.67% [1] - Over the past week, the Tianhong aerospace ETF has experienced a scale increase of 22.37 million yuan and a share increase of 12 million shares, indicating strong growth [1] Product Highlights - The Tianhong aerospace ETF (159241) is designed to efficiently capture core military aerospace opportunities, tracking the National Aerospace Index, which has a military attribute of 97.86%, making it the highest military content index in the market [1] - The ETF has a high weight of 66.8% in aerospace equipment, significantly surpassing the weights in the CSI Military and CSI Defense indices [1] Hot Events - From December 2025 to early 2026, China's commercial space sector will witness a series of maiden flights for reusable rockets, including the Tianlong-3 and Long March 12甲, marking a new phase in the verification of reusable rocket technology [1] - The Long March 12甲, developed by the China Aerospace Science and Technology Corporation's Eighth Academy, is set for its historic first launch in late December 2025, representing a significant entry into the reusable rocket field for China's "national team" [2] Institutional Views - Dongwu Securities notes that recent breakthroughs in reusable rocket technology indicate that China's aerospace industry is moving closer to "low-cost, high-reusability" solutions, which will benefit related sectors such as aerospace manufacturing, new materials, and satellite applications [2] - The advancements in reusable rocket technology are seen as pivotal for national security, high-end manufacturing upgrades, and reshaping the global competitive landscape [2]