CATEC(SH:600879) Xin Lang Cai Jing·2025-12-23 06:05Core Viewpoint - The successful first flight of the Long March 12A rocket has led to mixed reactions in the commercial aerospace sector, with significant declines in related stocks despite achieving its second-stage orbital goal [1][7]. Market Reaction - Following the rocket's launch, stocks in the commercial aerospace sector experienced notable declines, with Shanghai Hanxun dropping over 10%, and China Satellite Communications and Aerospace Electronics falling more than 9% [1][7]. - The Huabao military ETF (512810), which passively tracks the CSI Military Index, saw a decline of 1.64% during the afternoon session, halting a four-day upward trend, with real-time transactions exceeding 49 million yuan [1][7]. Future Outlook - Analysts suggest that the market should be viewed as having a fluctuating structure, with potential opportunities for low-cost acquisitions during the adjustment phase of popular themes [3][9]. - The military industry is expected to benefit from multiple policies and strategic catalysts, including the 14th Five-Year Plan and the centenary goals of the military, leading to synchronized growth in both domestic and foreign demand from 2026 to 2027 [3][9]. - Emerging themes such as commercial aerospace, AI intelligence, nuclear fusion, deep-sea technology, and unmanned systems are anticipated to drive the military industry towards higher-end and intelligent development [3][9]. Investment Tools - The Huabao military ETF (512810), previously known as the National Defense Military ETF, covers various popular themes including commercial aerospace, controllable nuclear fusion, low-altitude economy, large aircraft, deep-sea technology, and military AI, serving as an efficient tool for investing in core military assets [3][9].