Investment Rating - The report assigns an "Accumulate" rating for the military industry, indicating a potential increase of over 15% relative to the CSI 300 index [4][11]. Core Insights - The 80th anniversary of the victory in the Anti-Japanese War was marked by a grand ceremony in Beijing, showcasing various new military equipment, reflecting China's military technology innovation and strategic deterrence capabilities, highlighting the high prosperity of the military industry [2][4]. - The military parade featured a comprehensive display of the military's restructured force composition, including both traditional and new combat capabilities, emphasizing the integration of advanced technologies such as unmanned systems and hypersonic weapons [4]. - The military industry is expected to maintain high prosperity due to increasing defense spending driven by regional tensions and the need for modernization, particularly in the context of the 100th anniversary of the military's establishment by 2027 [4]. Summary by Sections Event Overview - The military parade included foot formations, equipment displays, and aerial formations, showcasing the systematic achievements of domestic military equipment across land, sea, air, and space [4]. - New models such as the Type 191 long-range box rocket launcher and various advanced missiles were prominently featured, demonstrating the military's capabilities and innovation [4]. Industry Outlook - The demand for military equipment is highly certain, with accelerated reforms expected to sustain high prosperity in the industry [4]. - The report anticipates a long-term positive trend in military equipment construction, with a focus on eliminating outdated equipment and enhancing high-tech capabilities [4]. Recommended Stocks - The report recommends stocks such as AVIC Shenyang Aircraft Company, AVIC Xi'an Aircraft Industry Group, and others, all rated as "Accumulate" [5].

Core Viewpoint - The article highlights the significant advancements in the Chinese military's weaponry and equipment, showcasing a range of domestically produced main battle equipment during the recent military parade, emphasizing the modernization and strategic capabilities of the armed forces [3][7]. Group 1: Characteristics of the Military Parade - The parade featured new-generation fourth-generation equipment as the main focus, including new tanks, carrier-based aircraft, and fighter jets, organized by combat modules to demonstrate the military's system combat capabilities [6]. - All displayed weaponry was current, domestically produced main battle equipment, reflecting a shift towards self-reliance in military technology [7]. - A selection of unmanned intelligent systems and anti-drone equipment, as well as new capabilities in cyber and electronic warfare, were showcased, highlighting the military's new domain and qualitative combat power [9]. Group 2: Advanced Equipment Displayed - The parade prominently featured advanced equipment such as hypersonic weapons, air defense systems, and strategic missiles, showcasing the military's strong strategic deterrence capabilities [11]. - The displayed weaponry demonstrated high levels of information technology and intelligence, indicating the military's adaptation to technological advancements and evolving warfare forms [11]. Group 3: Parade Structure and Significance - The military parade lasted approximately 70 minutes and was divided into two main segments, with 45 formations participating [13]. - The parade included various formations such as aerial flag-guarding teams, foot troops, battle flag teams, equipment teams, and aerial teams, sequentially passing through Tiananmen Square [13]. - The event marked the first military parade aimed at advancing Chinese-style modernization and showcased the new structure of military forces under the leadership of the Communist Party [21].

Core Viewpoint - The article highlights the significant advancements in the military's weaponry and equipment, showcasing a historic achievement in the development of domestically produced main battle equipment during a recent military parade [1][2]. Group 1: Characteristics of the Displayed Equipment - The main focus of the parade was on new-generation fourth-generation equipment, including new tanks, carrier-based aircraft, and fighter jets, organized by combat modules to demonstrate the military's system combat capabilities [4]. - A selection of land, sea, and air series of unmanned intelligent and anti-unmanned equipment, as well as new types of forces such as network-electronic warfare, were showcased, including new drones, directed energy weapons, and electronic jamming systems, highlighting the military's new domain and quality combat power [6]. - A number of advanced equipment, including hypersonic, air defense, missile defense, and strategic missiles, were prominently displayed, emphasizing the military's strong strategic deterrence capabilities [8].

Core Viewpoint - The military parade commemorating the 80th anniversary of the victory in the Chinese People's War of Resistance Against Japanese Aggression and the World Anti-Fascist War will take place on September 3, showcasing the latest military capabilities and innovations [1][3]. Group 1: Parade Composition and Design - The parade will consist of foot formations, equipment formations, and an aerial team, displaying hundreds of ground equipment and over a hundred aircraft, representing various strategic directions and military branches [3]. - This year's parade emphasizes both the historical legacy of the People's Army and the significant achievements in the modernization of military forces, aiming to boost national confidence and pride [5]. - The parade features a mixed formation of equipment and aircraft, highlighting the military's operational capabilities and the independent innovation of weaponry [5][14]. Group 2: Training and Preparation - The training for the parade has focused on scientific methods to enhance training quality, utilizing a comprehensive training ground that integrates various functions [8]. - Advanced training techniques, including intelligent training assistance systems, have been employed to improve training effectiveness and precision [10][14]. - The emphasis on scientific training methods aims to avoid fatigue and maintain high training quality throughout the preparation process [12][17].

Group 1 - The upcoming military parade on September 3rd is a significant event marking the first display of the People's Liberation Army's new generation of weaponry since the 2019 National Day parade, showcasing domestically produced main battle equipment [1][5] - The parade will feature 45 formations, including aerial, ground, and naval units, and will last approximately 70 minutes, highlighting the military's structural advancements and capabilities [3][4] - The event emphasizes the theme of commemorating the victory in the Anti-Japanese War, reflecting the spirit of the nation and the military's commitment to national defense [2][5] Group 2 - The military has implemented rigorous training and preparation protocols, utilizing advanced technologies such as Beidou positioning and simulation systems to ensure precise coordination and execution during the parade [4] - All participating weaponry will be current, domestically produced models, including advanced fourth-generation tanks, carrier-based aircraft, and various unmanned systems, demonstrating the military's comprehensive combat capabilities [5] - The organization of the parade aims to minimize disruption to the public, with careful planning of training locations and schedules to reduce the impact on residents of Beijing [6]

Core Viewpoint - The news conference held by the State Council Information Office introduced the preparations for the upcoming military parade, highlighting its significance in showcasing China's military modernization and capabilities. Group 1: Parade Structure and Composition - The parade will feature 45 formations, including air defense, infantry, and equipment units, reflecting a blend of traditional and modern military forces [3][8]. - The infantry formations represent both "old" anti-Japanese forces and a "new" military structure, emphasizing the integration of various armed forces [3]. - The equipment formations will be organized into combat groups for land, sea, air, and information warfare, showcasing a comprehensive military strategy [3]. Group 2: New Equipment and Innovations - This parade marks the first public display of many new domestic military equipment, with a significant proportion being newly introduced models [9][10]. - The air formation will include advanced aircraft types, many of which are debuting publicly, demonstrating the rapid development of China's air combat capabilities [9]. - The parade will also feature next-generation weapons, including unmanned systems and electronic warfare capabilities, highlighting advancements in modern warfare technology [11]. Group 3: Historical Significance and Themes - The parade is positioned as a significant event in the context of China's modernization journey and the centenary of the People's Army, representing a new chapter in military display [8]. - Emphasis will be placed on the historical elements of the Anti-Japanese War, connecting the current military capabilities with historical legacy [12].

Summary of Key Points Core Viewpoint - The military parade on August 20 marks the first display of the People's Army as it embarks on a new journey towards modernization, coinciding with the centenary of the army's founding [1] Group 1: Parade Structure and Duration - The parade lasts approximately 70 minutes and consists of a ceremonial and a review segment, featuring 45 formations [1] - The parade emphasizes a combination of traditional and modern military forces, showcasing both historical units and new military structures [2] Group 2: Equipment and Forces Displayed - The equipment formations are organized into combat groups, including land, sea, air, and information warfare units, reflecting a practical and joint operational approach [3] - The aerial formations include a comprehensive range of active military aircraft, with some making their public debut [4] - The parade features a significant proportion of new equipment, highlighting the military's capabilities in defending national sovereignty and maintaining global peace [9][10] Group 3: Training and Preparation - The parade preparation focuses on practical training standards and joint operational requirements, enhancing combat readiness [6] - Advanced training methods, including the use of satellite positioning and simulation technologies, are employed to improve various training scenarios [7] Group 4: Historical and Cultural Elements - The flag-bearing units consist of representatives from distinguished military units, symbolizing the enduring spirit of resistance and the army's commitment to progress [5] - The military band incorporates historical elements into its performance, reflecting on the 14 years of resistance and the 80th anniversary of victory in the war [19][20] Group 5: Participation and Representation - The militia units participating in the parade are drawn from 15 provinces, representing key areas from the anti-Japanese war period, showcasing the modern image of the militia [18] - The peacekeeping forces displayed have historical ties to the Northeast Anti-Union, demonstrating a blend of tradition and contemporary military roles [16]

Core Viewpoint - The article discusses the preparations for a significant military parade in China, marking the first display of military strength as the country embarks on a new journey towards modernization under the leadership of Xi Jinping [4][5]. Summary by Sections Overview of the Parade - The military parade will last approximately 70 minutes and will include a ceremonial inspection by Xi Jinping, showcasing various military units in a structured format [5]. Training Standards - The training for the parade adheres to combat standards, focusing on practical training and utilizing advanced systems like Beidou positioning and intelligent assessment to enhance training efficiency [6][7]. New Military Structure - The parade will highlight a new military structure featuring four military branches and four support forces, showcasing the modernization of the Chinese military [8]. Display of New Equipment - A significant portion of the displayed equipment will be new, including advanced land, sea, and air systems, emphasizing China's military capabilities in safeguarding national interests and maintaining global peace [9][10]. Emphasis on New Domains - The parade will feature an increased representation of new domain forces, including unmanned systems and cyber capabilities, reflecting a more comprehensive military structure [11]. Minimizing Public Disruption - The preparations for the parade are designed to minimize disruption to Beijing residents, with careful planning of training locations and schedules to avoid peak times and densely populated areas [12].

Group 1 - The core theme of the upcoming military parade is to commemorate the 80th anniversary of the victory in the Chinese People's War of Resistance Against Japanese Aggression and the World Anti-Fascist War [2][4][26] - The parade will feature a total of 45 formations, including air, ground, and naval units, showcasing a mix of traditional and modern military capabilities [5][6][21] - The event will highlight new military technologies, including unmanned systems, electronic warfare capabilities, and advanced missile systems, reflecting the modernization of the Chinese military [16][21][29] Group 2 - The military parade is designed to demonstrate the Chinese military's commitment to national defense and its readiness to protect sovereignty and security [7][12][26] - The event will also serve as a platform to showcase the achievements of the military in terms of modernization and structural reforms, including the establishment of new military branches [20][21][22] - The parade will include a joint military band that will perform classic anti-war songs, enhancing the commemorative atmosphere of the event [24][25] Group 3 - The preparations for the parade have involved extensive training and coordination among various military units, emphasizing the importance of joint operations and combat readiness [11][18][22] - The military has implemented advanced training techniques, including the use of simulation and smart assessment systems, to enhance the efficiency and effectiveness of the training process [11][12][18] - The logistics and support for the parade have been meticulously planned to ensure smooth execution, with a focus on resource efficiency and minimizing disruptions to the public [28][34]

Group 1 - The upcoming military parade marks the first display of the People's Army as it embarks on a new journey towards Chinese-style modernization and celebrates the centenary of the army [1] - This parade will showcase a concentrated display of military flags and the armed police force flag, representing a new structural layout of the military [1] Group 2 - The weapons and equipment participating in the parade are all selected from domestically produced active main battle equipment, with a significant proportion of new equipment making its debut [2] - Key strategic assets from land, sea, and air, including hypersonic, unmanned, and anti-unmanned systems, will be showcased for the first time [3] Group 3 - The parade will feature a new generation of weapons and equipment, primarily consisting of new fourth-generation equipment such as tanks, carrier-based aircraft, and fighter jets, organized by combat modules to demonstrate the military's operational capabilities [4] - A selection of unmanned intelligent systems, anti-unmanned equipment, and cyber-electronic warfare capabilities will be presented, highlighting the military's new domain and qualitative combat power [4] Group 4 - Advanced equipment such as hypersonic, air defense, missile defense, and strategic missiles will be prominently displayed, showcasing the military's strong strategic deterrence capabilities [5] - The showcased weapons and equipment exhibit a high degree of informatization and intelligence, reflecting the military's adaptation to technological advancements and evolving warfare dynamics [5]