截至10月27日，高端装备ETF近6月净值上涨21.30%。从收益能力看，截至2025年10月27日，高端装备ETF自成立以来，最高单月回报为19.30%，最长连涨 月数为4个月，最长连涨涨幅为30.19%，上涨月份平均收益率为6.43%。 截至2025年10月28日 11:15，中证高端装备细分50指数强势上涨1.70%，成分股航天发展上涨9.95%，航天智装上涨8.09%，西部超导上涨8.06%，菲利华，华 秦科技等个股跟涨。高端装备ETF(159638)上涨1.68%， 冲击3连涨。 流动性方面，高端装备ETF盘中换手4.25%，成交4318.42万元。拉长时间看，截至10月27日，高端装备ETF近1年日均成交5794.26万元。规模方面，高端装 备ETF最新规模达10.11亿元。 | 股票代码 | 股票简称 | 涨跌幅 | 权重 | | --- | --- | --- | --- | | 600760 | 中航沈飞 | 3.05% | 9.08% | | 600893 | 航发动力 | 1.11% | 6.45% | | 002179 | 中航光电 | 0.03% | 6.02% | | 000768 ...

Investment Rating - The report provides a strong recommendation for several companies in the military industry, indicating a positive outlook for their stock performance [9]. Core Insights - The recent Fourth Plenary Session of the 20th Central Committee emphasized new goals for national defense capabilities, including the enhancement of "national defense strength" and "international influence" [21]. - The report highlights the aerospace sector as a key focus area for military investment, particularly in the context of the newly stated goal of becoming a "space power" [21]. - Upcoming quarterly reports are expected to show a turning point in industry performance, with several companies already reporting significant year-on-year revenue and profit growth [24]. Industry Overview - The military industry consists of 118 listed companies with a total market capitalization of 2,092.9 billion and a circulating market value of 1,736.7 billion [4]. - The SW National Defense and Military Industry Index has shown a performance increase of 16.47% year-to-date, although it has underperformed compared to the CSI 300 Index by 1.97% [12][20]. - The industry is currently valued at a PE (TTM) of 85.77 times, with a five-year percentile of 78.63% [20]. Key Events - The Fourth Plenary Session concluded with new national defense goals, including a focus on high-quality military modernization and the integration of advanced combat capabilities [21]. - The report notes that the aerospace equipment sector has been particularly responsive to the recent policy announcements, showing strong performance [16][21]. Performance Summary - The report identifies several companies with notable performance, including North Navigation with a revenue increase of 210% and a net profit increase of 268.8% [25]. - The top-performing stocks in the military sector include North Shares (+25.20%) and Feili Hua (+17.92%) [19].