（来源：直新闻） 直新闻：上月刚入列的中国最强电磁弹射航母福建舰与辽宁舰近日靠泊同一军港，成为军迷焦点，海内外不少媒体都在热议"双航母演练"话题，管先生， 你对此有何特别观察？ 特约评论员 管姚：我注意到，就在几天前，香港英文报章《南华早报》特别在网站刊出这一标题的报道：Is China's Fujian gearing up for a dual aircraft carrier exercise? 中国福建舰将参加双航母演习？报道副题说，卫星照片显示，福建舰与辽宁舰同泊中国东部一军港。 作为中国首艘自主研发的电磁弹射航母，也是军力最强大的海上武力平台，福建舰自上月正式授旗入列，就一直是国际媒体舆论乃至全球军迷关注的一个 焦点。这种关注密集到什么程度？这两天网上有个新闻，在一款热门搭建类电子游戏中，有中国热心网友一帧又一帧，一块又一块，从电磁弹射器到 歼-35、空警-600，将福建舰的电磁弹射与军力展示，在虚拟世界作出像素级神还原。 福建舰上月入列，开启大国蓝水海军的三航母时代，这也预示着，双航母演练势必进一步常态化。但即便如此，福建舰的军力响应与验证速度，乃至迈向 体系作战能力目标的步伐，着实令外界印象深 ...

今天 山东舰入列6周年 作为我国首艘国产航母 2019年12月17日 山东舰正式交付人民海军 舷号"17" 入列6年来 山东舰劈波斩浪 逐梦深蓝 砺兵西太、转战南海、砺剑台海 航迹不断延伸 一次次在大洋中淬火磨砺 成为祖国强大的有力"舰"证 进入三航母时代 体系作战能力质效跃升 11月5日，随着福建舰入列 人民海军正式进入三航母时代 这不仅意味着航母规模上的增量 更是体系作战能力的质效跃升 一起为中国航母点赞 期待下一次硬核亮"舰" 对面、对舰的打击能力 大国巨舰 驶向深蓝 （央视新闻） △从上至下依次为辽宁舰、山东舰、福建舰 辽宁舰、山东舰、福建舰 三艘航母配合作战 可以极大提高航母编队的探测能力 ...

山东舰入列6周年 今天 作为我国首艘国产航母 2019年12月17日 山东舰正式交付人民海军 舷号"17" 入列6年来 山东舰劈波斩浪 逐梦深蓝 砺兵西太、转战南海、砺剑台海 航迹不断延伸 一次次在大洋中淬火磨砺 成为祖国强大的有力"舰"证 进入三航母时代 体系作战能力质效跃升 11月5日，随着福建舰入列 人民海军正式进入三航母时代 这不仅意味着航母规模上的增量 更是体系作战能力的质效跃升 一起为中国航母点赞 期待下一次硬核亮"舰" △从上至下依次为辽宁舰、山东舰、福建舰 辽宁舰、山东舰、福建舰 三艘航母配合作战 可以极大提高航母编队的探测能力 对面、对舰的打击能力 大国巨舰 驶向深蓝 ...

Core Viewpoint - The commissioning of China's first electromagnetic catapult aircraft carrier, Fujian, marks the entry into the "three aircraft carrier era," highlighting significant advancements in national defense and military capabilities [1] Group 1 - The transition from Liaoning to Shandong and now to Fujian represents a major achievement in China's national defense and military construction [1] - The development of the People's Navy is increasingly robust, enhancing its ability to safeguard the country's maritime territory and defend national sovereignty [1] - The growing strength of the People's Navy is a source of pride for Chinese citizens both domestically and abroad [1]

Group 1: National Defense and Technology - China's first electromagnetic aircraft carrier, Fujian, has officially entered service, marking the beginning of the "three aircraft carrier era" [2] - Fujian is the largest active vessel in the navy, with its home port located in Sanya, Hainan [2] - The development of carrier-based aircraft such as the J-35 and KJ-600 is progressing as planned, with expectations for operational capability not far off [2] Group 2: Antarctic Research - The "Snow Dragon" and "Snow Dragon 2" have crossed the equator as part of China's 42nd Antarctic expedition [3] - The expedition will focus on national needs and global scientific frontiers, including the construction of supporting facilities at the Qinling Station [3] - Key tasks include monitoring important Antarctic sea areas and applying domestic technology in new ways [3] Group 3: Energy Sector - The world's first 650°C ultra-supercritical coal-fired power unit has begun construction in Zhejiang, aiming to set records for the highest parameters and lowest coal consumption [4] Group 4: China International Import Expo (CIIE) - The CIIE showcased over 461 new products, technologies, and services, with participation from 155 countries and regions [5] - The exhibition area exceeded 367,000 square meters, featuring 290 Fortune 500 and industry-leading companies [6] - The event included a focus on the "silver economy" and introduced a pet-themed display area [6][7] - A total of 83 supporting activities were held, resulting in over 300 cooperation intentions and an estimated cooperation amount exceeding $10.3 billion [7]

Group 1 - China's first electromagnetic aircraft carrier, Fujian, has officially entered service, marking the beginning of the "three aircraft carrier era" for the country [2] - Fujian is the largest active vessel in the navy, with its home port located in Sanya, considering various operational factors [4] - The development of carrier-based aircraft, including the J-35 and KJ-600, is progressing as planned, with expectations for full operational capability in the near future [4] Group 2 - The "Xuelong" and "Xuelong 2" vessels have crossed the equator, embarking on China's 42nd Antarctic expedition, with "Xuelong" making a brief stop in Australia for supplies [6][8] - The expedition will focus on national needs and global scientific frontiers, including the construction of facilities at the Qinling Station and monitoring key Antarctic regions [8] Group 3 - The world's first 650°C ultra-supercritical coal-fired power unit has commenced construction in Zhejiang, aiming to set records for efficiency and low coal consumption [9] Group 4 - The China International Import Expo (CIIE) has seen over 461 new products, technologies, and services debut, with participation from 155 countries and regions [11] - The exhibition area exceeded 367,000 square meters, featuring 290 Fortune 500 and industry-leading companies, with record participation in various sectors [11][16] - The event included over 1,900 rounds of negotiations, resulting in more than 300 cooperation intentions and a total intended cooperation amount exceeding $10.3 billion [16]

Core Viewpoint - The commissioning of the aircraft carrier Fujian marks China's official entry into the third aircraft carrier era, featuring advanced electromagnetic catapult technology, which enhances operational efficiency and capabilities [1] Industry Summary - The Fujian aircraft carrier utilizes an electromagnetic launch system (EMALS), a cutting-edge technology currently mastered only by China and the United States, allowing for more stable and efficient aircraft launches compared to traditional steam systems [1] - The recent military industry quarterly reports indicate a clear performance inflection point, with a robust improvement in fundamentals and numerous catalysts expected in the near future [1] - The "14th Five-Year Plan" emphasizes strengthening national security and improving social governance, which aligns with the military industry's growth trajectory [1] Investment Opportunity - Investors are encouraged to consider the military ETF (512660), which tracks the China Securities Military Index (399967), reflecting the overall performance of publicly listed companies in the military sector, particularly in aviation and military electronics [1] - The index comprises small to mid-cap stocks, focusing on aviation equipment and military electronics, indicating a targeted investment approach within the military industry [1]

Core Viewpoint - The commissioning of the Fujian aircraft carrier marks a significant technological breakthrough for China, positioning it among the world's leading naval powers with its conventional power electromagnetic catapult technology [1][12]. Development Milestones - The Fujian aircraft carrier is China's first domestically designed and built catapult aircraft carrier, featuring a flat-deck design and electromagnetic catapult and arrestor systems, with a full-load displacement of over 80,000 tons [4][6]. - The carrier was launched on June 17, 2022, and has undergone various tests, including mooring tests and an 8-day sea trial starting on May 1, 2024, which met expected performance targets [8]. - As of September 22, 2025, the carrier has successfully conducted its first catapult launches and landings with the J-15T, J-35, and KJ-600 carrier-based aircraft [10]. Strategic Implications - The Fujian carrier enhances the People's Navy's capabilities for near-seas defense and far-seas escort operations, officially entering the "three-carrier era" with the addition of the Fujian, Shandong, and Liaoning carriers [16][22]. - The ability to launch fully loaded fighter jets increases combat effectiveness, while the electromagnetic catapult allows for a wider range of aircraft, including fixed-wing early warning aircraft, enhancing situational awareness and command capabilities [18]. - The presence of three carriers enables simultaneous deployment in three major directions, improving the mobility of carrier groups and providing broader security depth [20].

Core Viewpoint - The commissioning of the Fujian aircraft carrier, the world's first conventionally powered aircraft carrier utilizing electromagnetic catapult technology, marks a significant technological breakthrough for China's naval capabilities [1][12]. Group 1: Development Milestones - The Fujian aircraft carrier is China's first entirely self-designed and built electromagnetic catapult aircraft carrier, with its construction closely followed since its first sea trial in May last year [3]. - The carrier features a flat-deck design with electromagnetic catapults and arrestor wires, and has a full-load displacement of over 80,000 tons. It was launched on June 17, 2022, with hull number 18 [5]. - The Fujian carrier conducted mooring tests as planned on September 23, 2022, and completed its first sea trial from May 1, 2024, lasting eight days to test various systems [8]. Group 2: Operational Capabilities - The Fujian carrier has successfully demonstrated electromagnetic launch and recovery capabilities, representing another breakthrough in China's aircraft carrier development and significantly advancing naval transformation [12]. - The operational mode of the Fujian carrier will be more flexible compared to conventional carriers, allowing for the launch of various aircraft types, from transport planes to drones, enhancing its combat effectiveness [14][17]. - The ability to launch fighter jets fully loaded with fuel and munitions increases their operational capacity, while also enabling the deployment of fixed-wing airborne early warning aircraft, greatly improving situational awareness and command capabilities [18]. Group 3: Strategic Implications - The entry into the "three-carrier era" with the Fujian, Shandong, and Liaoning carriers allows the People's Navy to operate simultaneously in three major directions, enhancing the mobility and strategic depth of carrier groups [19][21]. - The three carriers can be rotated in operations, ensuring a continuous operational capability and providing a robust naval presence [23].

Core Viewpoint - The commissioning of the Fujian aircraft carrier marks a significant technological breakthrough for China, positioning it among the world's leading naval powers with its conventional power electromagnetic catapult technology [1][12]. Group 1: Development Milestones - The Fujian aircraft carrier is China's first entirely self-designed and built electromagnetic catapult aircraft carrier, with its journey closely monitored since its first sea trial in May last year [3]. - The carrier features a flat-deck design with electromagnetic catapults and arrestor wires, boasting a full-load displacement of over 80,000 tons [5]. - The Fujian was launched on June 17, 2022, and has undergone various tests, including mooring tests and an eight-day sea trial to assess its power and electrical systems [7][8]. Group 2: Operational Capabilities - The Fujian carrier has successfully completed its first catapult takeoff and landing training with the J-15T, J-35, and KJ-600 carrier-based aircraft, indicating its operational readiness [10]. - The introduction of the Fujian enhances the flexibility of naval operations, allowing for a wider range of aircraft types to be launched, from transport planes to drones, thereby improving combat capabilities [12][15]. - With the commissioning of the Fujian, the People's Navy officially enters a "three-carrier era," significantly boosting its near-seas defense and far-seas escort capabilities [15][19]. Group 3: Strategic Implications - The presence of three aircraft carriers enables simultaneous deployment in three major directions, enhancing the mobility and operational depth of carrier strike groups [17]. - The ability to rotate the Fujian, Shandong, and Liaoning carriers ensures a continuous operational capability, providing a robust naval presence [19].