Core Viewpoint - The recent military parade showcased the "unmanned combat swarm" as a significant highlight, indicating advancements in military technology and strategic capabilities [1] Group 1: Military Technology - The display of unmanned intelligent and anti-drone equipment by the army, navy, and air force signifies a national-level technological demonstration [1] - The integration of unmanned systems in military operations reflects a shift towards modern warfare strategies [1] Group 2: Future Implications - The event raises questions about the future of military engagements and the potential for unmanned systems to redefine combat scenarios [1] - The emphasis on unmanned technology suggests a focus on innovation and modernization within the military sector [1]

海上无人作战方队驶过天安门广场。受阅的新型无人潜航器、无人艇、无人布雷系统，是海上作战 的"奇兵利器"。 nike 央视●正直播 TION 动 但 B .7 CH CH t b 29 ® 60 - V. da 2017 11 A A = 空中无人作战方队接受检阅。受阅的新型察打一体无人机、无人僚机、舰载无人直升机，可隐蔽突 击、广域覆盖、自主协同。 来源：新华社 央视•正直播 CCTV 13 ah F 121 2013 2014 L H J 触•正直播 CCTV 13 e HSUIOO 80 23 24 *贺•正直播 = ILW 间 4 8 @ d Bur 10.8014 ...

Investment Rating - The report maintains a "Positive" investment rating for the defense and military industry [5]. Core Viewpoints - The development of deep-sea technology is crucial for national defense security and resource utilization, recognized as a key strategic direction for the 14th Five-Year Plan [9][12]. - The future of unmanned combat systems is expected to evolve towards collaboration, intelligence, and electronic warfare, with significant global interest in drone deployment [17][18]. - The report emphasizes the importance of the military industry in the current economic context, highlighting the potential for growth in demand for military electronics and key materials [19]. Summary by Sections Investment Suggestions and Targets - The report suggests focusing on various sub-sectors within the military industry, including military electronics, new quality and new domains, and military trade, with specific companies recommended for investment [19]. Industry Performance - The defense and military industry index (Shenwan) increased by 0.15%, underperforming compared to the Shanghai Composite Index, which rose by 1.70% [21][22]. - The report notes that the military industry ranked 21st out of 31 in terms of performance among Shenwan's primary industry indices [24]. Key Developments - The report outlines significant advancements in deep-sea technology, including the development of various deep-sea equipment and systems, which are expected to drive growth in the industry [13][15]. - It highlights the increasing global emphasis on unmanned combat systems, with countries like Japan planning substantial investments in drone technology [17][18]. Market Trends - The report indicates a positive outlook for the military industry as the new phase of equipment construction approaches, with a focus on domestic demand recovery and advancements in new quality production capabilities [19].

开栏的话 在中国人民解放军建军98周年之际，中央宣传部、中央军委政治工作部联合发布12名"最美新时代革命 军人"。他们是全军部队坚决听党指挥、强化使命担当、埋头苦干实干、狠抓工作落实，奋力推进新时 代强军事业中涌现出的先进典型。 即日起，本报开设"最美新时代革命军人风采"栏目，讲述他们铁心向党、奋斗强军，忠实履行党和人民 赋予的使命任务的故事，集中反映人民军队铸牢政治忠诚、打好攻坚之战，在革命性锻造中奋力实现建 军一百年奋斗目标的昂扬风貌。敬请关注！ 夏日高原上，海拔近3000米的演兵场内硝烟弥漫。担负穿插任务的陆军某合成旅某步兵分队突遇"敌"装 甲分队。营长张灿灿沉着应对，指挥数架无人机从山后飞出，投掷烟雾弹掩护，同时实施电磁干扰，引 导迫击炮火力打击。 很快，步兵分队便成功打开通道。多型无人装备与步兵分队密切配合，完成了一场"战味儿"十足的战术 演练。 23年从军生涯中，张灿灿始终扎根在西部高原，已成为一名不折不扣的风雪"探路者"。他皮肤黝黑，身 形精瘦，在高原一线凭借一股闯劲儿，从未停下冲锋的步伐。 23年前，当从小怀揣"从军梦"的张灿灿来到赫赫有名的红军连队"夜老虎连"时，班长就告诉他，作为红 军传人 ...