（来源：内蒙古日报） 第三，这是深化跨军地改革的重要指向。党中央对下一阶段深化跨军地改革作了战略部署，明确提出健 全一体化国家战略体系和能力建设工作机制、深化国防科技工业体制改革、完善军地标准化工作统筹机 制、优化边海防领导管理体制机制等改革任务，基本指向就是破解深层次体制机制障碍和结构性矛盾， 使跨军地工作相关制度更加科学、更加完善。构建各司其职、紧密协作、规范有序的跨军地工作格局， 涉及思维理念、工作方式的变革，牵动工作关系、利益格局的调整，需要保持改革永远在路上的定力， 用改革的思路和办法解决矛盾问题。应当把完善相关组织体系和运行制度作为改革重点，完善有利于全 局统筹、系统抓建、体系治理的工作机制，汇聚推动跨军地工作的强大合力。 转自：内蒙古日报 第四，这是发扬军政军民团结传统的现实要求。军政军民团结是我军特有的政治优势，也是实现强国强 军的政治保障。构建各司其职、紧密协作、规范有序的跨军地工作格局，既是对我党我军光荣传统和优 良作风的弘扬，也是巩固和扩大特有政治优势的需要。构建这一格局，有利于强化军地协力、军民同心 推进强国强军的政治意识和大局观念，有利于巩固发展坚如磐石的军政军民关系，有利于发扬军爱 ...

第二，这是加强跨军地治理的着力重点。跨军地治理是全面加强军事治理、推进国家治理体系和治理能 力现代化的重要内容。加强跨军地治理的一个重要目标，就是推动军地各方理顺事权关系、建立责任体 系、厘清工作界面，做到各尽其责、协调贯通、一体联动，提高跨军地工作统筹水平、运行效率和资源 使用效益。构建各司其职、紧密协作、规范有序的跨军地工作格局，需要引导各方优化工作流程，健全 完善军地需求提报、规划对接、资源配置、项目建设、政策衔接等方面的机制，形成规范清晰和顺畅高 效的军地协作关系。需要强化法治保障，以提高治理效能为突破口，着力健全法律法规、配套政策，提 高跨军地治理的法治化、科学化、规范化水平。需要加强联合监管，特别是加强重大项目监管，打通军 地交叉地带监管梗阻和政策堵点，深化军地融合监督、联管联治机制建设，加大联合检查、联合审计、 联合执法、联合惩戒力度，增强跨军地监督的系统性、整体性、协同性。 新华社北京2月20日电 《中共中央关于制定国民经济和社会发展第十五个五年规划的建议》提出："构 建各司其职、紧密协作、规范有序的跨军地工作格局。"理解这一战略举措的重大意义和实践要求，需 要把握以下4个方面。 第四，这是发 ...

第三，这是深化跨军地改革的重要指向。党中央对下一阶段深化跨军地改革作了战略部署，明确提出健 全一体化国家战略体系和能力建设工作机制、深化国防科技工业体制改革、完善军地标准化工作统筹机 制、优化边海防领导管理体制机制等改革任务，基本指向就是破解深层次体制机制障碍和结构性矛盾， 使跨军地工作相关制度更加科学、更加完善。构建各司其职、紧密协作、规范有序的跨军地工作格局， 涉及思维理念、工作方式的变革，牵动工作关系、利益格局的调整，需要保持改革永远在路上的定力， 用改革的思路和办法解决矛盾问题。应当把完善相关组织体系和运行制度作为改革重点，完善有利于全 局统筹、系统抓建、体系治理的工作机制，汇聚推动跨军地工作的强大合力。 第四，这是发扬军政军民团结传统的现实要求。军政军民团结是我军特有的政治优势，也是实现强国强 军的政治保障。构建各司其职、紧密协作、规范有序的跨军地工作格局，既是对我党我军光荣传统和优 良作风的弘扬，也是巩固和扩大特有政治优势的需要。构建这一格局，有利于强化军地协力、军民同心 推进强国强军的政治意识和大局观念，有利于巩固发展坚如磐石的军政军民关系，有利于发扬军爱民、 民拥军的光荣传统。军地应当树牢一盘 ...

Group 1 - The core message emphasizes the importance of implementing Xi Jinping's military thought and the spirit of his visit to Henan, focusing on political, reform, technological, talent, and legal advancements in military construction to contribute to the centenary goal of the military [1][3] - The representatives expressed unanimous support for the government work report, highlighting its high political stance and practical approach, which aligns with central requirements and meets the expectations of the people [1] - The report outlines the tasks and roadmap for economic and social development during the "14th Five-Year Plan" period, indicating a clear direction for the province [1][2] Group 2 - The past year saw steady economic development in Henan, attributed to the leadership of Xi Jinping and the collective efforts of the province, including contributions from the military and reserve personnel [2] - This year marks the beginning of the "14th Five-Year Plan" and is crucial for achieving the military's centenary goals, necessitating a focus on national defense and military modernization [3] - Key strategies include enhancing military training, fostering collaboration between military and civilian sectors, and promoting a culture of respect and support for the military within society [3]

Group 1 - The provincial military region has effectively implemented the decisions of the Central Committee and the Central Military Commission, leading officers and soldiers to overcome difficulties and complete various tasks assigned by the Party and the people [1] - 2026 is highlighted as a crucial year for achieving the centenary goals of military construction, emphasizing the importance of political building and the implementation of Xi Jinping's strong military thought [1] - There is a focus on enhancing combat readiness through practical military training and building a robust national defense mobilization system to improve service capabilities for combat preparation [1] Group 2 - The responsibility of local party committees in military work is emphasized, with a call for active participation in solving urgent issues faced by military personnel and promoting national defense education [2] - The provincial military region is encouraged to engage in local economic and social development, contributing to industry growth, rural revitalization, and emergency response efforts [2] - A meeting was chaired by the provincial military region's major general commander, with participation from provincial leaders and military region leaders, highlighting the importance of accountability in military work [2]

Investment Rating - The industry rating is "Outperform the Market" [5] Core Viewpoints - The report emphasizes the importance of high-quality advancement in national defense and military modernization, aligning with the "14th Five-Year Plan" and the goal of achieving a strong military by 2027 [43][44] - It highlights the need for efficient resource utilization and cost control in military modernization efforts, advocating for a sustainable development approach [4][45] - The report anticipates significant growth in both domestic and international demand for military products and services, driven by multiple catalysts including the "14th Five-Year Plan" and rapid military trade development [10][47] Summary by Sections Industry Investment Rating - The military industry is rated as "Outperform the Market," indicating expected returns above the market benchmark [5] Key Points from the Report - The report outlines the fundamental requirements for military modernization during the "14th Five-Year Plan" period, focusing on advanced combat capabilities and military governance modernization [43][44] - It stresses the integration of new production capabilities with combat capabilities, enhancing the national strategic system and capabilities [44] - The report also discusses the necessity of policy support to address challenges in planning and cross-domain collaboration [4][45] Market Performance - The military industry index decreased by 2.15% from November 10 to November 14, underperforming compared to the Shanghai Composite Index, which fell by 1.08% [12][18] - The military index has increased by 13.35% since 2025, while the Shanghai Composite Index has risen by 17.62%, indicating a relative underperformance of 4.27% [20] Stock Performance - Notable stock performances include Tian'ao Electronics and Shanghai HuGong, which saw increases of 12.63% and 12.35% respectively, while stocks like Chunzong Technology and Lais Information experienced declines of 17.43% and 15.39% [24][26] Fund Flows and Valuation - The report notes a decrease in passive fund sizes but an increase in fund shares, with a net inflow of 4.57 billion yuan into military ETFs during the week [28] - As of November 14, the military sector's price-to-earnings ratio (TTM) stands at 68.88, indicating a high valuation relative to historical levels, but with expectations of recovery in 2026 [46][37]

Core Viewpoint - The article emphasizes the strategic deployment of China's national defense and military modernization during the "15th Five-Year Plan" period, highlighting the importance of high-quality development and the leadership of the Communist Party under Xi Jinping's guidance [1][2]. Group 1: Fundamental Requirements for Military Modernization - The "15th Five-Year Plan" period requires a strong adherence to the absolute leadership of the Party over the military, ensuring that political construction is prioritized in military modernization efforts [3]. - The modernization of national defense and the military must be integrated into the broader strategy of Chinese-style modernization, balancing development and security [4]. Group 2: Key Tasks for Military Modernization - Accelerating the construction of advanced combat capabilities is crucial, focusing on modernizing military theory and optimizing military force structures [8]. - Promoting military governance modernization is essential to address the complexities of military operations and enhance overall governance [9]. - Strengthening the integrated national strategic system and capabilities is necessary to maximize national strategic power and ensure effective collaboration between military and civilian sectors [10]. Group 3: Quality and Efficiency in Military Modernization - Emphasizing quality and efficiency is vital, with a focus on high-quality development as a core principle for military modernization [12]. - Reform and innovation are necessary to overcome challenges in modernization, ensuring that military construction aligns with practical needs and operational effectiveness [13].

Group 1 - The core viewpoint emphasizes the importance of people's war as a strategic approach to ensure victory in conflicts, highlighting the historical context of mass mobilization during the Anti-Japanese War [1][2] - The article discusses the evolution of warfare, noting that while the forms of war may change, the fundamental role of the people in providing material support and manpower remains unchanged [2][3] - It stresses the integration of national strength and the necessity for a cohesive strategy that combines military and civilian efforts to enhance overall defense capabilities [3] Group 2 - The modern warfare landscape is characterized by the need for a comprehensive national strategy that maximizes the integration of resources and capabilities across various sectors [3] - The article advocates for the development of new strategies and tactics in people's war that leverage technological advancements and the collective intelligence of the populace [3] - It highlights the importance of aligning military needs with technological supply to ensure that innovations contribute effectively to combat readiness and national defense [3]