Group 1 - The military industry is expected to benefit from a combination of domestic demand and military trade, presenting investment opportunities [2] - The aerospace ETF (159227) has the highest military content in the market, with a significant net inflow of over 38.83 million yuan in a single day, and a total fund size of 1.021 billion yuan [1][2] - The "14th Five-Year Plan" is anticipated to provide clearer development guidance for the military industry over the next three to five years, potentially leading to a recovery in the overall industry chain [1] Group 2 - The Q2 earnings season is expected to show improvement, with some mid-to-upstream companies likely to see better performance due to high inventory levels and increased orders from Q1 [2] - The upcoming 80th anniversary of the victory in the Anti-Japanese War and World Anti-Fascist War in 2025 is expected to act as a catalyst for the industry, alongside positive Q2 earnings forecasts [2] - The aerospace ETF tracks the National Aerospace Index, with a 97.86% allocation to the military industry, focusing on key segments such as fighter jets, transport aircraft, and missiles [2]