AI播客：换个方式听新闻 下载mp3 音频由扣子空间生成 美国国防部上周叫停了一批运往乌克兰的美国武器，当时官员们称这是出于对自身武器库存水平低的担 忧，但另据三名美国官员透露，高级军事官员的一份分析发现，该援助计划并不会危及美国军方自身的 弹药供应。 据多位知情人士透露，停止武器运输的举动让美国国务院、国会议员、基辅官员以及欧洲盟友都措手不 及。 该决定的批评者包括支持援助乌克兰对抗俄罗斯的共和党和民主党人。众议院一位主要民主党人、来自 华盛顿州的亚当·史密斯（Adam Smith）表示，五角大楼用军事准备状态来为停止援助辩护是"不诚实 的"，而真正的原因似乎只是为了推行切断美国对乌克兰援助的议程。 众议院军事委员会的资深成员史密斯表示，"在库存方面，我们目前所处的水平并不比乌克兰冲突三年 半以来的任何时候更低。" 史密斯说，他的工作人员已经"看到了数字"，并且在不透露细节的情况下表示，没有迹象表明存在足以 暂停对乌克兰援助的短缺。 消息人士称，五角大楼一名高级官员、负责政策的国防部副部长埃尔布里奇·科尔比（Elbridge Colby） 支持了这些举动。 据国会助手称，两党议员都对未被提前通知感到沮丧，并 ...

【环球时报驻香港特约记者 叶蓝】由国产航空母舰山东舰、导弹驱逐舰延安舰及湛江舰、导弹护卫舰运城舰组成的中国海军舰艇编队，7月3日起 访问香港5天，并于7月5日起一连两天开放给成功预约的市民参观。很多香港市民登舰后参观各种武器装备，与停泊在甲板上的战机合影打卡，并 与军乐队合唱爱国歌曲。 据香港《大公报》6日报道，最令参观市民兴奋的是有大半个篮球场大小的"航母升降梯"。数百位市民站在上面，随着一声哨响向上升起，出现在 眼前的是宽阔的飞行甲板和多架战斗机，引起现场一片欢呼。其中，甲板停放的多架歼-15及歼-15T战机可谓全场焦点，吸引众多市民上前观摩和 拍照。还有人专门穿着毕业服，只为拍张航母毕业照。现场多名海军官兵与市民一起合唱《我和我的祖国》等歌曲，军乐队则在舰上高层位置演 奏，十分热闹。"航母上每个参观场景，都洋溢着港人对国家军事现代化的骄傲和高度的民族认同感。"《大公报》报道称。 加开 40 班 " 观舰游 " ，一日爆满 连日来，山东舰航母编队访港引起全城热潮，各界人士纷纷在社交平台上发文，畅谈亲睹国产航母的震撼与感动。立法会议员尚海龙5日与众多市 民一同登上山东舰，"大家踏上甲板后无不惊叹，现场停泊有 ...

"军营就是我的家" ■刘 娴 周宇（前排左二）与战友分享学生来信。候森琳摄 学生寄给新兵连的部分信件。候森琳摄 6月的北疆，烈日炙烤着大地。 结束一天的训练，新疆塔城军分区某边防团新兵连官兵回到宿舍，指导员张建秀给大家展示了一份特殊的礼物——湖南省 衡南县岐山镇联合中心小学学生寄来的56封慰问信。这群刚刚授衔的新兵，第一次在字里行间感受到跨越山海的问候与牵 挂，格外地兴奋。张建秀随即组织了一场读信回信活动，战士们互读信件后，在纸上深情写下—— "虽然我们从未谋面，但你在信中对边防军人的牵挂，让我更坚定了为祖国戍边守防的决心！" "祖国的边疆不只有风沙和荒漠，还有美丽的草原和雪山。好好学习，我在边疆等你！" …… 大家将回信一一叠好、装进信封，唯独战士周宇红着眼眶，迟迟无法落笔。原来，他曾在这个学校读书，这些信正是出自 他的学弟学妹之手。 周宇幼年丧母，今年2月，临近入伍前，他的父亲也因病离世。命运在周宇身上叠加的苦难，让他一度陷入孤独与迷茫，而 自小渴望参军报国的梦想成了支撑他前行的精神力量。 由于特殊的身世和坚定的入伍动机，衡南县人武部的工作人员自然对周宇多了一分关怀。入伍当天，他们像送自家孩子远 行一般为 ...

Group 1 - Japan and the Philippines have reached an agreement to export a batch of second-hand destroyers from Japan's Maritime Self-Defense Force, marking Japan's first export of used destroyers to the Philippines [1] - The export aims to enhance joint operational capabilities between the Japanese and Philippine militaries and strengthen deterrence against China [1][2] - The destroyers in question are expected to include six "Abukuma" class destroyers, which have been in service for over 30 years and are gradually being retired due to personnel shortages in the Japanese Self-Defense Forces [1] Group 2 - The export of these destroyers will require modifications to meet Philippine specifications, including the introduction of necessary equipment and communication facilities [2] - There are concerns regarding the compatibility of the second-hand destroyers with the existing Philippine naval fleet, which may limit the enhancement of the Philippine Navy's operational capabilities [2] - The Philippines is actively modernizing its naval fleet, having previously procured vessels from South Korea and Israel, and is mixing new ships with older ones acquired from the US and UK [3] Group 3 - Recent developments indicate increasing military cooperation between Japan and the Philippines, including the approval of a reciprocal access agreement that allows Japanese Self-Defense Forces to conduct joint exercises in the Philippines [3] - The Philippines' reliance on external military support and procurement of older weapons raises questions about the effectiveness and sustainability of its military modernization efforts [2][3] - The ongoing military collaboration is perceived as provocative towards China, with both countries engaging in joint exercises and patrols under US leadership [3]

Core Viewpoint - The article investigates the manipulation of online reviews and ratings by "water army" organizations, revealing a systematic approach to creating fake positive reviews and suppressing negative feedback across various e-commerce and social media platforms [1][3][4]. Group 1: Online Review Manipulation - Consumers have reported that negative reviews on certain products mysteriously disappear, while positive reviews dominate the comment sections on live-streaming e-commerce platforms [1]. - The use of coded language such as "S蛋" and "鱼塘" allows users to find hidden content related to review manipulation, despite warnings from platforms [3][4]. - A water army intermediary disclosed that positive reviews can be purchased for 1 yuan per comment, indicating a clear pricing structure for manipulating online perceptions [4][5]. Group 2: Fake Transactions and Reviews - The strategy employed by water armies involves recruiting ordinary consumers to pose as legitimate buyers, posting misleading positive reviews without having used the products [5][6]. - A specific case involved a transaction where a user was instructed to pay a significantly reduced price for a product, only to receive a refund that included a commission, illustrating the deceptive practices used to create the illusion of genuine sales [6][8]. - The article highlights that these operations are designed to evade e-commerce platform algorithms, creating a façade of authentic user engagement [6][8]. Group 3: Broader Implications and Business Models - The manipulation of reviews is not limited to individual sellers; some legitimate platforms are also implicated in promoting review manipulation for increased traffic and profits [9]. - The "freedom to explore" model on platforms like Dazhong Dianping allows users to submit reviews without actual experiences, further blurring the lines of authenticity in consumer feedback [9][11]. - The article also discusses the emergence of a "reporting business" where water armies exploit platform governance rules to extort money from users by threatening account suspensions [21][23].

2025 年 07 月 06 日 聚焦空天、强弹性的军工： 航天航 空 ETF 天弘（159241）投资价值分 析 ——指数基金产品研究系列之二百四十八 本研究报告仅通过邮件提供给 中庚基金 使用。1 证 券 研 究 报 证券分析师 邓虎 A0230520070003 denghu@swsresearch.com 研究支持 白皓天 A0230123070002 baiht@swsresearch.com 联系人 邓虎 (8621)23297818× denghu@swsresearch.com 权 益 量 化 研 究 请务必仔细阅读正文之后的各项信息披露与声明 股 票 基 金 告 相关研究 - ⚫ 航天航空 ETF 天弘（159241）是天弘基金旗下的 ETF 产品，于 2025/5/21 成立，并于 2025/5/29 正式上市。现任基金经理为沙川先生与祁世超先生。基金紧密跟踪标的指数， 追求跟踪偏离度和跟踪误差最小化，管理费率 0.50%、托管费率 0.10%。 ⚫ 多重逻辑驱动行业快速发展，把握航空航天两大主线。我国正处于第四次换装大周期的冲 刺期，提质增量仍是当前需求；十四五规划收官关键时期，推动"点 ...

Core Viewpoint - Russian President Putin stated that Russian drones have destroyed over $2 billion worth of enemy equipment, urging Western governments supplying weapons to Ukraine to reconsider their spending of public funds [1] Group 1 - Russian technology and equipment used in the special military operation reportedly surpasses the quality and effectiveness of weapons provided to Ukraine by NATO countries [1] - There has been no response from Ukraine regarding Putin's statements [1]

Investment Rating - The report maintains a positive outlook on the defense and military industry, suggesting an "Overweight" rating, indicating that the industry is expected to outperform the overall market [4][29]. Core Insights - The defense and military sector is experiencing a significant upward cycle driven by domestic demand and military modernization efforts, particularly the transition to "mechanization + informationization" and the upcoming "intelligent + unmanned" era [5][6]. - The report highlights the increasing global military trade demand due to geopolitical changes, which is expected to create a strong resonance between supply and demand in China's military trade [5]. - The valuation of the military industry is projected to rise as the sector benefits from both domestic construction cycles and the reshaping of global military trade dynamics, leading to higher market recognition and valuation [5][14]. Market Review - Last week, the Shenwan Defense and Military Index rose by 1.36%, while the CSI Military Leaders Index increased by 1.3%. In comparison, the Shanghai Composite Index rose by 1.4%, and the CSI 300 Index increased by 1.54% [4][6]. - The report notes that the defense and military sector's performance ranked 13th among 31 Shenwan primary industry sectors [6]. - The top five performing stocks in the defense and military sector last week were: - Morningstar Aviation (24.21%) - China Ship Emergency (20.23%) - Xuanji Information (17.67%) - Rongfa Nuclear Power (17.02%) - Parker New Materials (12.24%) [6][13]. Valuation Changes - The current PE-TTM for the Shenwan military sector is 81.14, placing it in the upper range historically, with a valuation percentile of 70.36% since January 2014 and 99.24% since January 2019 [14][19]. - The report indicates a slight differentiation in valuations among sub-sectors, with aerospace and aviation equipment showing relatively high PE valuations since 2020 [14][19]. Key Valuation Targets - The report lists several key targets within the military sector, including: - High-end combat capabilities: AVIC Shenyang Aircraft, AVIC Chengdu Aircraft, Inner Mongolia First Machinery, and others. - New quality combat capabilities: Chengdu Huamei, Xindong Link, Aerospace Electronics, and others [5][21].

来源：央视新闻 新华社 胡塞武装：高超音速导弹命中以色列机场 萨雷亚还表示，他们的支援行动将继续，"直到（以色列）停止对加沙地带的侵略和解除对加 沙地带的封锁为止"。他强调，该组织"已准备好应对未来几天可能的任何事态发展"。 以色列军方7月6日凌晨说，成功拦截一枚从也门发射的导弹。据以军方消息，军方当天凌晨确认也门方 面向以色列发射一枚导弹，随后启动拦截。以色列多地响起防空警报。 作为对美国对伊朗军事行动的回应，也门胡塞武装政治局成员穆罕默德·布海提6月24日通过社交媒体发 表声明，宣布该组织将继续对以色列开展军事行动。胡塞武装日前还公布，自3月中旬以来，这一组织 已向以色列发射309枚（架）弹道导弹、高超音速导弹及无人机。 以色列被曝多处军事设施曾遭伊朗袭击 胡塞武装称使用高超音速导弹击中以色列机场。 当地时间7月5日，据英国《每日电讯报》报道， 伊朗在此前为期12天的冲突中打击了以色列 5处军事设施，但以方刻意隐瞒了这些军事设施遭袭的相关情况。 《每日电讯报》援引美国俄勒冈州立大学提供的卫星数据分析指出，在以色列伊朗为期12天 的冲突中， 伊朗发射的六枚导弹击中了以色列五处军事设施 ，其中包括一个大型空军 ...

据央视新闻，当地时间5日，据英国《每日电讯报》报道， 伊朗在此前为期12天的冲突中打击 了以色列5处军事设施，但以方刻意隐瞒了这些军事设施遭袭的相关情况 。 《每日电讯报》援引美国俄勒冈州立大学提供的卫星数据分析指出，在以色列伊朗为期12天 的冲突中，伊朗发射的六枚导弹击中了以色列五处军事设施， 其中包括一个大型空军基地、 一个情报收集中心和一个后勤基地。 英媒：以隐瞒军事设施遭伊朗打击情况 以色列总理办公室发表声明称，以方对伊朗军事领导层造成重创，并摧毁数十个伊朗政府目 标，以方已消除来自核武器和弹道导弹领域双重、直接的生存威胁。 伊朗最高国家安全委员会则发表声明称，伊朗武装部队"对敌人的侵略进行了反击，粉碎了敌 人的邪恶行径"。声明强调，伊朗"迫使以色列单方面停止侵略"，取得对以作战胜利。 《每日电讯报》就这一情况询问以方，以国防军方面未予置评，仅表示"以军所有相关部队在 整个行动过程中保持了职能的连续性"。 以伊停火后 双方均称"取得胜利" 以色列与伊朗于6月13日爆发冲突，到6月24日，双方均表示接受停火。 对于持续12天的冲 突，以色列与伊朗均称取得胜利。 《每日电讯报》指出，这五处军事设施遭袭的消 ...