请务必阅读正文之后的免责条款部分 股 票 研 究 美国"闪击"委内瑞拉，俄宣布 2030 年前研制出核动力航天 发动机原型 军工行业周报 | [姓名table_Authors] | 电话 | 邮箱 | 登记编号 | | --- | --- | --- | --- | | 宋博(分析师) | 010-83939829 | songbo3@gtht.com | S0880522120007 | | 杨天昊(分析师) | 010-83939791 | yangtianhao@gtht.com | S0880523080010 | 本报告导读： 股票研究 /[Table_Date] 2026.01.05 行 业 双 周 军工板块上涨，美国三角洲部队"闪击"委内瑞拉，特朗普声称委内瑞拉总统马杜 罗与第一夫人已被抓获并被带出该国。俄罗斯国家原子能集团公司首席执行官利哈 乔夫 3 日说，该公司计划到 2030 年前研制出兆瓦级核动力航天发动机原型。 投资要点： [Table_Report] 相关报告 军工《火箭军武器装备实现跨越式发展，美军将 建造"特朗普级"战舰》2026.01.02 军工《上市标准细则发布，火箭企业资本 ...

新华社记者 梅世雄 张勇健 解放军报记者 李兵正 一切伟大成就都是接续奋斗的结果，一切伟大事业都需要在继往开来中推进。党的二十届四中全会是在 向第二个百年奋斗目标进军的新征程上举行的一次十分重要的会议，是乘势而上、接续推进中国式现代 化建设的又一次总动员、总部署。 思想的光芒，照亮强军征程；理论的力量，激荡座座军营。11月3日，全军学习贯彻党的二十届四中全 会精神宣讲首场报告会在北京举行。中共中央政治局委员、中央军委副主席张又侠，中央军委副主席张 升民会见宣讲团成员并听取报告，对组织好宣讲活动提出明确要求。会后，全军宣讲团分5个组赴各单 位开展巡回宣讲20场。 一场场宣讲报告推动全会精神直达部队，一次次交流互动引发全体官兵广泛共鸣，全军上下迅速掀起学 习贯彻全会精神热潮。广大官兵认真学习领悟习近平主席在全会上的重要讲话和全会通过的《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》(以下简称《建议》)，进一步深刻领悟"两个 确立"的决定性意义，增强"四个意识"、坚定"四个自信"、做到"两个维护"，贯彻军委主席负责制，全 力以赴打好实现建军一百年奋斗目标攻坚战，加快把人民军队建成世界一流军队，为以中国 ...

Core Points - The article emphasizes the importance of the 20th Central Committee's Fourth Plenary Session as a significant mobilization for advancing Chinese-style modernization and military modernization [1][2] - The military is actively engaging in learning and implementing the spirit of the plenary session, with a focus on achieving the goal of building a world-class military by the centenary of the People's Liberation Army [2][6] - The session outlines a strategic framework for the next five years, highlighting the need for high-quality development in national defense and military modernization [3][6] Group 1: Learning and Implementation - The military has initiated a series of lectures to disseminate the spirit of the plenary session, with over 20 sessions conducted across various units [2][3] - Officers and soldiers are deeply engaging with Xi Jinping's important speeches and the recommendations from the plenary session, enhancing their understanding of the "two establishments" and "four consciousnesses" [2][4] - The lectures are designed to connect historical context with current military practices, fostering a comprehensive understanding of the session's implications [4][10] Group 2: Strategic Goals and Modernization - The plenary session has made significant deployments for achieving the centenary goals of the military, emphasizing the need for a robust national defense as a strategic support for modernization [6][7] - The military is encouraged to maintain strategic focus and confidence in overcoming challenges during the "15th Five-Year Plan" period, ensuring the correct direction for military modernization [6][7] - The session's recommendations include accelerating the construction of advanced combat capabilities and modernizing military governance [7][9] Group 3: Political Integrity and Anti-Corruption - The military is committed to a strict anti-corruption stance, recognizing the importance of maintaining the integrity and purity of the armed forces [8][9] - The discussion around recent disciplinary actions against high-ranking officials reflects the military's resolve to uphold political leadership and combat corruption [8][9] - The emphasis on political training is seen as essential for achieving military governance modernization and maintaining the army's core values [9][10] Group 4: Practical Application and Innovation - The military is actively translating the spirit of the plenary session into practical actions, with various units implementing innovative measures to enhance operational effectiveness [11][12] - Initiatives include integrating unmanned intelligent combat capabilities and fostering a culture of innovation among personnel [11][12] - The overall goal is to align the learning from the plenary session with the practical realities of military operations, ensuring that the spirit of the session translates into tangible results [12]

Core Viewpoint - The article emphasizes the importance of high-quality advancement in national defense and military modernization, aligning with the strategic goals set forth by the 20th National Congress of the Communist Party of China, and highlights the necessity of implementing the "15th Five-Year Plan" for military development [2][3]. Group 1: Fundamental Requirements for Military Modernization - The "15th Five-Year" period requires a steadfast commitment to the decisions and directives of President Xi Jinping, ensuring the correct direction for military modernization [3][4]. - Political leadership over the military must be reinforced, emphasizing loyalty to the Party and the importance of political construction within the armed forces [4]. - Military modernization must be integrated into the broader strategy of Chinese-style modernization, balancing development and security [5]. Group 2: Key Tasks for Military Modernization - Accelerating the construction of advanced combat capabilities is crucial, focusing on the effective supply of combat power and the modernization of military theory [9]. - Modernizing military governance is essential to adapt to the complexities of military operations, requiring a transformation in governance methods [10]. - Strengthening the integrated national strategic system and capabilities is necessary to maximize national strategic power [11]. Group 3: Quality and Efficiency in Military Modernization - Emphasizing quality and efficiency is vital, with a focus on high-quality development as a fundamental principle [12]. - The military must adopt a resource-efficient approach, ensuring that investments yield high returns while maintaining sustainability [12][13]. - Reform and innovation are critical to overcoming challenges in modernization, necessitating a comprehensive approach to policy and governance [13].

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].

Core Points - The report meeting on the spirit of the 20th Central Committee's Fourth Plenary Session was held, emphasizing the importance of learning and implementing the session's spirit as a major political task [1] - The meeting aimed to guide military personnel to deeply understand the significance of President Xi's important speeches and the deployment of the "Suggestions" [1] - The military is focused on strengthening political advantages and implementing strategic tasks to ensure the realization of the centenary goal of building the army and modernizing national defense and the military [1] Group 1 - The meeting was attended by Central Military Commission Vice Chairmen Zhang Youxia and Zhang Shengmin, who emphasized the need for a strong political commitment in the dissemination of the session's spirit [1] - The report meeting was conducted via a teleconference format, with over 11,000 military personnel participating [2] - A 10-member lecture team will conduct a tour to deliver the message across the military in five groups [2]

Core Points - The report meeting on the spirit of the 20th Central Committee's Fourth Plenary Session was held, emphasizing the importance of political tasks and the need for military personnel to deeply understand the speeches of President Xi Jinping [1][2] - The focus is on strengthening political advantages and implementing strategic tasks, ensuring the military's construction plan is effectively executed to achieve the centenary goal of building a strong army [1] - The significance of the meeting is highlighted, with a call for a strong political commitment to accurately interpret and convey the spirit of the session, enhancing the military's awareness and confidence [1] Group 1 - The meeting was attended by Central Military Commission members, including Zhang Youxia and Zhang Shengmin, who emphasized the importance of the session's spirit [1][2] - The report was delivered via a teleconference format, with over 11,000 military personnel participating [2] - A 10-member lecture team will conduct a tour to deliver the message across the military in five groups [2]

Core Viewpoint - The report emphasizes the importance of understanding and implementing the spirit of the 20th Central Committee's Fourth Plenary Session, particularly in relation to military modernization and national defense strategies [1] Group 1: Military Modernization - The military is urged to deeply implement Xi Jinping's thoughts on strengthening the military and to effectively compile and execute the "14th Five-Year Plan" for military construction [1] - There is a focus on enhancing strategic capabilities to safeguard national sovereignty, security, and development interests, aiming to achieve the centenary goals of military development [1] Group 2: Political and Strategic Framework - The report highlights the necessity of integrating the political strategy of military construction into planning and development to ensure a strong political guarantee for achieving military modernization [1] - Key tasks include accelerating the construction of advanced combat capabilities and modernizing military governance, with an emphasis on achieving significant breakthroughs in these areas [1] Group 3: Organizational and Leadership Aspects - The military is encouraged to strengthen party leadership, maintain efficiency, deepen reforms, and enhance policy support to create a new landscape for military modernization [1] - Participation in the report meeting included leaders from various military departments and personnel from stationed troops in Beijing, indicating a comprehensive approach to disseminating these strategic directives [1]

Core Points - The recent Fourth Plenary Session of the 20th Central Committee emphasizes the importance of national defense and military modernization in the context of national rejuvenation and strategic development [1][2] - Military personnel across the country are committed to aligning their thoughts and actions with the directives of the Central Committee, aiming to achieve the centenary goals of the military by enhancing modernization efforts [1][2] - The session highlights significant achievements during the 14th Five-Year Plan and sets a clear direction for military modernization in the upcoming 15th Five-Year Plan [1][2] Group 1 - The military is focused on enhancing political leadership and ensuring that military modernization aligns with the Party's directives, emphasizing the importance of political guidance in military planning and execution [2][3] - The military aims to implement a new "three-step" strategy for modernization, which includes political, reform, technological, and legal advancements to enhance combat readiness and capabilities [2][3] - The session calls for a comprehensive approach to military training and operational readiness, integrating various aspects of military management and ensuring preparedness for modern warfare [3][4] Group 2 - The Air Force is committed to improving combat capabilities through practical military training and the effective integration of new equipment [3][4] - The Navy is focused on enhancing its operational capabilities in maritime defense and deterrence, aiming to protect national sovereignty and maritime rights [3][4] - The Rocket Force is directed to prioritize technological innovation and the development of key core technologies to strengthen military capabilities [3][5] Group 3 - The armed police are dedicated to improving emergency response and joint operational capabilities, ensuring national security and social stability [4][5] - The military emphasizes the need for high-quality, efficient, and sustainable development in military capabilities, shifting focus from quantity to quality improvements [4][5] - New military units are tasked with advancing network information systems and converting technological advantages into operational success [5]

Core Points - The 20th Central Committee's Fourth Plenary Session emphasizes new requirements for national defense and military construction, focusing on the goals of national strength and national rejuvenation [1][3] - The military is committed to aligning thoughts and actions with the spirit of the plenary session, aiming for high-quality modernization of national defense and military by the centenary of the army [1][5] Group 1 - The plenary session highly evaluates the significant achievements during the "14th Five-Year Plan" period, providing direction and fundamental guidelines for the military's modernization in the "15th Five-Year Plan" period [3] - Military personnel recognize the importance of aligning with the leadership of the Central Committee and the Chairman, emphasizing the need for revolutionary transformation to achieve the strong military goals in the new era [3][5] Group 2 - The military aims to advance the modernization of national defense and the army by fully implementing the new development concept and accelerating the construction of a new development pattern [5] - The session calls for accelerating the construction of advanced combat capabilities and modernizing military governance, enhancing the integrated national strategic system and capabilities [7] - Military personnel express commitment to integrating the spirit of the plenary session into all aspects of training and preparation, focusing on strategic management and improving overall effectiveness [7]