国防军工行业报告：076两栖攻击舰首舰下水命名“四川舰”，国家发展改革委成立低空经济发展司

Investment Rating - The industry investment rating is "Outperform the Market" and is maintained [27]. Core Insights - The military industry has experienced significant growth from 2020 to 2022, with notable performance differences in 2023 across various segments, indicating a trend towards high-quality development. The advancement of equipment technology and the emergence of new products are expected to create numerous investment opportunities in new domains and qualitative combat areas. Additionally, military trade exports are anticipated to become a new growth point for the military sector as China increasingly takes center stage on the global stage [36][48]. Summary by Sections 1. Key Developments - The first 076 amphibious assault ship of the Chinese Navy was launched and named "Sichuan Ship," with a full-load displacement of over 40,000 tons, featuring advanced technologies such as electromagnetic catapults and arrestor wires [44][45]. - The National Development and Reform Commission established a Low Altitude Economic Development Department to formulate and implement strategies for low-altitude economic development [46][47]. 2. Market Overview - The military sector indices showed a weekly increase, with the China Securities Military Index rising by 0.76% and the Shenwan Military Index increasing by 0.33% [49]. - The top-performing military stocks for the week included Taihao Technology (+18.20%), Hangfa Technology (+17.41%), and Jinxin Technology (+13.68%) [53]. 3. Investment Recommendations - In the traditional aerospace sector, it is recommended to focus on companies with sustainable growth and excess returns, such as AVIC Shenyang Aircraft Corporation and Steel Research High-Tech [48]. - For new trends in the military sector, attention should be given to companies involved in new technologies, products, and markets, including Guorui Technology and Fenghuo Electronics [48].