国防军工指数本周小幅回调

Investment Rating - The industry is rated as "Leading the Market - A" and the rating is maintained [7] Core Views - The defense industry indices experienced slight declines this week, with the China Securities Military Industry Index down 0.08%, the China Defense Index down 0.48%, and the Shenwan Defense Industry Index down 0.07%. In comparison, the Shanghai Composite Index rose by 0.11% [1][13] - The Shenwan Defense Industry Index underperformed against the Shanghai Composite Index and the ChiNext Index but outperformed the CSI Military Industry Index and the CSI Defense Index [1][13] Summary by Sections Industry Performance - The defense industry indices showed a mixed performance, with the Shenwan Defense Industry Index ranking 22nd out of 31 sectors in terms of performance [1][16] - The absolute returns over the past month, three months, and twelve months were -2.6%, -14.5%, and -7.3%, respectively, while the absolute return over the last twelve months was 11.9% [9] Stock Performance - The top ten performing defense stocks for the week included: - Xinle Energy +29.76% - *ST Wan Fang +25.09% - Jianglong Shipbuilding +13.57% - Kesi Technology +13.48% - Gaode Infrared +11.76% - Hangxin Technology +10.76% - Jizhi Co. +10.10% - China Satellite +9.82% - Guoke Military Industry +9.22% - Xingtun New Science +9.08% [2][17] - The bottom ten performing stocks included: - Huafeng Technology -13.68% - Changying Tong -9.53% - Gaohua Technology -9.34% - Guoli Electronics -9.28% - *ST Aowei -8.50% - Jiachih Technology -6.85% - Hongyuan Electronics -6.83% - Aerospace Hongtu -6.81% - Lige Navigation -6.77% - AVIC Science and Technology -6.38% [2][17] Key Company Announcements - AVIC Heavy Machinery reported a revenue of 7.776 billion yuan for the first three quarters, down 6.59% year-on-year, with a net profit of 616 million yuan, down 39.72% [3][19] - China Power reported a revenue of 40.971 billion yuan, up 11.88% year-on-year, with a net profit of 1.208 billion yuan, up 62.5% [3][19] - Hongyuan Electronics reported a revenue of 1.427 billion yuan, up 22.27% year-on-year, with a net profit of 222 million yuan, up 74.56% [3][19] Industry News - Rheinmetall of Germany signed a joint venture agreement worth 1 billion euros with a Bulgarian state-owned enterprise to build a powder and 155mm shell factory, creating approximately 1,000 jobs [4][21] - Saab of Sweden received an order worth approximately 46 million USD for the Giraffe 1X mobile air defense radar from the US Army [4][21]