2025-08-24 行业周报 看好/维持 航空航天与国防Ⅲ 工业资本货物 军工行业周报(2025.08.18-2025.08.24)：抗战胜利 80 周年阅兵准备工作进展顺利 走势比较 -20% -10% 0% 10% 20% 30% 40% 50% 60% Aug/24 Sep/24 Oct/24 Nov/24 Dec/24 Jan/25 Feb/25 Mar/25 Apr/25 May/25 Jun/25 Jul/25 航空航天与国防 沪深300 推荐公司及评级 相关研究报告 【太平洋证券】国防军工 2025 年度 策略：聚焦新域新质，迎接景气拐点 证券分析师：马浩然 电话：010-88321893 E-MAIL：mahr@tpyzq.com 执业资格证书编码：S1190517120003 本周要闻： 抗战胜利 80 周年阅兵准备工作进展顺利 8 月 20 日上午，国务院新闻办公室举行新闻发布会。阅兵领导 小组办公室副主任、中央军委联合参谋部作战局少将副局长吴泽棵， 中国人民解放军中部战区阅兵指挥机构办公室常务副主任、政治工作 部少将副主任徐贵忠，详细介绍了中国人民抗日战争暨世界反法西斯 战争胜利 80 ...

Group 1 - The upcoming military parade on September 3rd is a significant event marking the first display of the People's Liberation Army's new generation of weaponry since the 2019 National Day parade, showcasing domestically produced main battle equipment [1][5] - The parade will feature 45 formations, including aerial, ground, and naval units, and will last approximately 70 minutes, highlighting the military's structural advancements and capabilities [3][4] - The event emphasizes the theme of commemorating the victory in the Anti-Japanese War, reflecting the spirit of the nation and the military's commitment to national defense [2][5] Group 2 - The military has implemented rigorous training and preparation protocols, utilizing advanced technologies such as Beidou positioning and simulation systems to ensure precise coordination and execution during the parade [4] - All participating weaponry will be current, domestically produced models, including advanced fourth-generation tanks, carrier-based aircraft, and various unmanned systems, demonstrating the military's comprehensive combat capabilities [5] - The organization of the parade aims to minimize disruption to the public, with careful planning of training locations and schedules to reduce the impact on residents of Beijing [6]

Group 1 - The defense and military industry sector is expected to experience a new market trend driven by the upcoming military parade on September 3rd and the Army Day on August 1st, showcasing advanced military technologies such as unmanned intelligent combat systems and hypersonic weapons [4] - The display of new equipment during the parade may reinforce the upgrade logic for major manufacturers, indicating a comprehensive upgrade of the military industrial chain [4] - The military electronics industry, as a foundational element in the development and deployment of new equipment, is deeply involved in the iteration of military technologies across generations [4] Group 2 - Military electronics are anticipated to recover first in 2025, as previously analyzed, with three military electronics stocks expected to show performance growth based on semi-annual earnings forecasts [5] - This article aims to further explore relevant military electronics stocks that have not yet released their semi-annual earnings forecasts but have shown strong performance in their first-quarter reports, with some entering the earnings realization phase and others experiencing significant growth [5]

Core Viewpoint - The upcoming military parade on September 3 is a significant event commemorating the victory in the Anti-Japanese War, showcasing China's military modernization and commitment to peace and justice on the international stage [3][20]. Group 1: Parade Preparation and Structure - The military parade will consist of two main segments: a review and a display, lasting approximately 70 minutes, with 45 formations participating [4][12]. - The parade will feature a mix of traditional and modern military elements, highlighting both veteran units and new military capabilities [5][34]. - Over 10,000 personnel, hundreds of aircraft, and numerous ground equipment will be involved, emphasizing the scale and precision required for the event [13][19]. Group 2: Equipment and Technological Advancements - All participating military equipment is domestically produced and represents the latest generation of China's military capabilities, including advanced hypersonic and missile defense systems [9][27]. - A significant proportion of the showcased equipment will be new, with a focus on modern warfare technologies such as unmanned systems and electronic warfare capabilities [26][28]. - The parade will demonstrate a new structure of military forces, reflecting recent reforms and advancements in China's defense strategy [30][32]. Group 3: Historical Significance and Themes - The parade will emphasize the theme of commemorating the victory in the Anti-Japanese War, integrating historical elements and patriotic sentiments into its design [22][21]. - Musical performances featuring classic anti-war songs will enhance the commemorative atmosphere, reinforcing the message of peace and justice [22][21]. - The event aims to convey the enduring truth that justice prevails over evil, highlighting the historical significance of the Anti-Japanese War in the context of global anti-fascist efforts [22][21]. Group 4: Training and Readiness - The preparation for the parade has involved rigorous training and logistical support, ensuring that all participants are well-prepared and capable of executing their roles flawlessly [15][17]. - The training process has focused on practical standards and scientific methods, utilizing advanced technologies to enhance training efficiency and effectiveness [15][41]. - The overall quality of the participating troops is high, attributed to their solid training foundations and the integration of innovative training techniques [40][41].

Core Viewpoint - The article discusses the preparations for a significant military parade in China, marking the first display of military strength as the country embarks on a new journey towards modernization under the leadership of Xi Jinping [4][5]. Summary by Sections Overview of the Parade - The military parade will last approximately 70 minutes and will include a ceremonial inspection by Xi Jinping, showcasing various military units in a structured format [5]. Training Standards - The training for the parade adheres to combat standards, focusing on practical training and utilizing advanced systems like Beidou positioning and intelligent assessment to enhance training efficiency [6][7]. New Military Structure - The parade will highlight a new military structure featuring four military branches and four support forces, showcasing the modernization of the Chinese military [8]. Display of New Equipment - A significant portion of the displayed equipment will be new, including advanced land, sea, and air systems, emphasizing China's military capabilities in safeguarding national interests and maintaining global peace [9][10]. Emphasis on New Domains - The parade will feature an increased representation of new domain forces, including unmanned systems and cyber capabilities, reflecting a more comprehensive military structure [11]. Minimizing Public Disruption - The preparations for the parade are designed to minimize disruption to Beijing residents, with careful planning of training locations and schedules to avoid peak times and densely populated areas [12].

Core Viewpoint - The upcoming military parade will showcase a new generation of domestically produced military equipment, highlighting China's advancements in military technology and modernization efforts [2][3][4]. Group 1: Overview of the Parade - The parade will feature all domestically produced active combat equipment, marking a significant display of new generation military capabilities since the 2019 National Day parade [2]. - The event will include a total of 45 formations, with a duration of approximately 70 minutes, consisting of a ceremony and a review [9][10]. Group 2: Featured Equipment - The parade will prominently display advanced equipment such as hypersonic weapons, air defense systems, and strategic missiles, emphasizing China's strong strategic deterrence capabilities [3]. - A significant portion of the showcased equipment will be new models, with a high degree of information technology and intelligence integration, reflecting the military's adaptation to technological advancements and evolving warfare [4][6]. Group 3: First-Time Highlights - This parade represents the first comprehensive display of the People's Liberation Army as it embarks on a new journey towards modernization [5]. - It will also be the first time that the military flags and the armed police force flags are prominently featured together, showcasing the new structural layout of the military [5]. - The air formations will be organized in a modular and systematic manner, including various types of aircraft, many of which will be making their public debut [7][14]. Group 4: Formation Details - The parade will include an aerial escort formation composed of multiple helicopters, symbolizing the nation's prosperity and military growth under the leadership of the Communist Party [11]. - The foot formations will represent both historical and modern military forces, highlighting the new structure of the armed forces [12]. - The equipment formations will be organized into various operational groups, including land, sea, air, and information warfare units [13].

新华社快讯：这次阅兵所有的受阅武器装备都是国产现役主战装备，是继2019年国庆大阅兵后我军新一 代武器装备的集中亮相。主要特点是以新型四代装备为主体，展示我军的体系作战能力；展示我军新域 新质战力；展示我军强大的战略威慑实力。 ...

【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com (责任编辑：宋政 HN002) 格隆汇8月20日｜国务院新闻办公室今天上午举行新闻发布会，介绍阅兵准备工作有关情况，并答记者 问。相关负责人介绍，这次阅兵所有的受阅武器装备主要有以下特点：以新型四代装备为主体，比如新 型坦克、舰载机、歼击机等，按作战模块进行编组，展示我军体系作战能力。遴选陆上、海上、空中系 列无人智能和反无人装备以及网电作战等新型力量参阅，比如：新型无人机定向等武器、电子干扰系统 等，展示我军新域新质战力。集中亮相一批高超声速、防空反导、战略导弹等先进装备，展示我军强大 的战略威慑实力。 ...

Core Viewpoint - The article highlights the upcoming military parade featuring domestically produced advanced weaponry, showcasing the capabilities of the new generation of military equipment following the 2019 National Day parade [1]. Group 1: Characteristics of the Parade - The parade will primarily feature new-generation fourth-generation equipment, including new tanks, carrier-based aircraft, and fighter jets, organized by combat modules to demonstrate the military's system combat capabilities [2]. - A selection of land, sea, and air-based unmanned intelligent systems and counter-unmanned equipment, as well as cyber-electronic warfare capabilities, will be showcased, highlighting the military's new domain and qualitative combat power [2]. - A number of advanced systems, including hypersonic weapons, air defense and missile defense systems, and strategic missiles, will be prominently displayed to demonstrate the military's strong strategic deterrence capabilities [2]. - The showcased weaponry will exhibit a high degree of informatization and intelligence, reflecting the military's adaptation to technological advancements and evolving warfare forms, emphasizing its capability to win future wars [2].

Group 1 - The core viewpoint of the news is the introduction of new generation domestic military equipment showcased during the military parade, highlighting the advancements in China's military capabilities [1][2] - The military parade features a high degree of information technology and intelligence in the showcased equipment, reflecting the military's adaptation to technological development and evolving warfare [1] - The parade includes new type fourth-generation equipment such as tanks, carrier-based aircraft, and fighter jets, organized by combat modules to demonstrate the military's system combat capabilities [2] Group 2 - A selection of land, sea, and air-based unmanned intelligent and anti-unmanned equipment, as well as new types of electronic warfare systems, are included to showcase the military's new domain capabilities [2] - Advanced equipment such as hypersonic weapons, air defense missile systems, and strategic missiles are prominently displayed, emphasizing the military's strong strategic deterrence capabilities [2]