Core Insights - The discussion focuses on the development of China's aerospace and military industries, emphasizing the complete aerospace industry system and the potential for commercial aircraft to gain a foothold in the global market [1][2] - The industry is experiencing a significant upward trend, driven by emerging sectors like low-orbit satellite internet and commercial space, presenting diverse investment opportunities [1][2] - The future development of the military and aerospace sectors is expected to be driven by a combination of policy support and technological advancements [2] Industry Overview - The Chinese aerospace industry is characterized by a complete system, with expectations for breakthroughs in technology leading to a stronger position in the global commercial aircraft market [1] - The military and aerospace sectors are transitioning towards quality improvement, with private enterprises likely to benefit from enhanced profitability and sustainable investment value [1][2] Investment Opportunities - The current transition period coincides with the delivery of "14th Five-Year" orders and the formulation of the "15th Five-Year" plan, which is expected to boost company performance through a surge in new orders [2] - Companies with core technologies and stable orders are anticipated to experience significant growth, making them attractive for investors [2] - The infrared imaging sector has developed a number of companies with strong competitive advantages, presenting good long-term investment potential [2] Investment Strategy - Investors are encouraged to consider the long lifecycle of industry products and utilize investment tools like the 华夏航空航天ETF (fund code: 159227) to combine high-growth assets with broad market indices [2]