高景气高热度板块！军工ETF华宝（512810）放量四连阳，再创阶段新高！商业航天继续点火，融资客连买3周

Core Viewpoint - The military industry continues to rise, with the popular military ETF Huabao (512810) reaching a new high since September 4, with a 1.5% increase and a trading volume of 80.19 million yuan [1][9]. Group 1: Market Performance - The military ETF Huabao (512810) has shown a four-day consecutive increase, remaining above all moving averages, indicating strong bullish momentum as reflected by the MACD indicator [3][11]. - Commercial aerospace stocks are the main drivers of the market, with notable gains from companies like Highde Infrared and Beidou Star Communication, while China Satellite reached a 10-year high with an 8% increase [1][9]. Group 2: Funding Trends - There has been a continuous increase in leveraged funds in the military sector, with financing purchases rising for three consecutive weeks, indicating a positive outlook for future financing trends [3][12]. - Huafu Securities anticipates a strong demand recovery in the military industry by 2026, supporting the ongoing increase in financing purchases [3][12]. Group 3: Industry Developments - The commercial aerospace sector is experiencing rapid growth due to policy support, with significant advancements in reusable rocket testing and satellite constellation networking [4][14]. - The Long March 12A reusable launch vehicle is scheduled for its historic first launch in December 2025, marking a significant milestone in China's aerospace capabilities [4][14]. Group 4: Strategic Insights - The military industry is expected to benefit from multiple policies and strategies, including the 14th Five-Year Plan and the centenary goals of the military, leading to synchronized growth in both domestic and international demand [5][14]. - Emerging themes such as commercial aerospace, AI intelligence, nuclear fusion, deep-sea technology, and unmanned systems are driving the military industry towards higher-end and intelligent development [5][14]. - Securities firms like Dongfang Securities and Huatai Securities are optimistic about the military sector, suggesting that investors should focus on this area as the new phase of equipment construction planning approaches [5][14][6].