军工党的二十届三中全会公报快评：持续深化改革，保障建军百年奋斗目标如期实现

Investment Rating - The report maintains an "Overweight" rating for the industry [1] Core Views - The 20th Central Committee's Third Plenary Session emphasizes the importance of national defense and military modernization as part of China's modernization strategy, ensuring the realization of the centenary goals of the military [2] - The report highlights that the deepening of military reforms will accelerate the modernization of national defense and the military, leading to sustained high demand in the military industry [2] - The integration of advanced technologies such as artificial intelligence, quantum information, big data, cloud computing, and the Internet of Things into military applications is transforming the international military competition landscape [2] - The report identifies a robust outlook for the military industry, with recommended stocks including AVIC Shenyang Aircraft Corporation, AVIC Optoelectronics, Aerospace Electric, Feilihua, and Huayin Technology, while benefiting stocks include AVIC Xi'an Aircraft Industry and Aero Engine Corporation of China [2] Summary by Sections Industry Investment Rating - The military industry is rated as "Overweight" due to its high growth potential and ongoing demand for equipment [1] Key Investment Points - The report discusses the strategic importance of military modernization and the reforms being implemented to achieve the centenary goals [2] - It notes the acceleration of military modernization efforts and the continuous demand for military equipment driven by these reforms [2] - The report emphasizes the role of information technology in enhancing military capabilities and operational efficiency [2] - A list of recommended and benefiting stocks is provided, indicating potential investment opportunities within the military sector [2][3]