Group 1 - The global geopolitical situation remains tense, with ongoing conflicts such as the Russia-Ukraine war and rising risks of spillover from conflicts in the Middle East, leading to an escalation in great power confrontations and an arms race, resulting in a recovery in demand for the military industry [1] - The military sector is increasingly adopting unmanned combat operations as a norm, with anti-aircraft equipment becoming crucial for national security and air superiority, and technology is developing towards a collaborative "detect-control-destroy" full-chain approach, with laser weapons emerging as a core technological route due to their speed, low cost, and high precision advantages [1] - In the aerospace equipment sector, as the "14th Five-Year Plan" enters its final year, downstream demand is recovering, with clear long-term goals for achieving national defense modernization by 2035 and building a world-class military by 2050 guiding industry development [1] Group 2 - The military industry sector currently has a high safety margin, and with the optimization of production capacity structure, the long-term growth certainty is significantly enhanced [1] - The military ETF tracks the CSI Military Index, which is compiled by the China Securities Index Company, selecting representative listed companies from the aerospace, weaponry, and national defense information sectors, characterized by good liquidity and strong industry representation, reflecting the overall performance of military industry listed companies [1]