Core Viewpoint - A-shares experienced narrow fluctuations on September 30, with the Shanghai Composite Index rising by 0.52% and the Shenzhen Component Index increasing by 0.35, while the ChiNext Index remained nearly flat [1] Market Performance - The non-ferrous metals sector continued its strong performance, with stocks like Jiangxi Copper and Xiyegang hitting the daily limit [1] - The storage chip concept saw significant gains, with Jiangbolong and Demingli reaching the daily limit, and Huahong Technology rising over 15% [1] - Aerospace and military industry concepts strengthened during the session, with stocks such as AVIC Shenyang Aircraft and Beimo High-tech hitting the daily limit [1] - The liquor sector weakened, with stocks like Jiu Gui Jiu and Huangtai Liquor dropping over 3% [1] - Other sectors with notable gains included lithium mining, computing power, rare earth permanent magnets, and solid-state batteries, while sectors like CPO concept, diversified finance, brokerage, and tourism experienced declines [1] - Overall, more than 2,600 stocks in the market rose, with a total transaction amount exceeding 2.1 trillion yuan [1]

Group 1 - The aerospace and military industry concept has seen a significant rise, with the Guozheng Aerospace index increasing by 4.20%, and at one point, it surged over 6%, outperforming the CSI Military Industry Index which rose by 1.12% [1] - The Tianhong Guozheng Aerospace ETF (subscription code: 159241) is currently being issued, with a fundraising cap of 5 billion yuan, and will track the Guozheng Aerospace Industry Index [1] - The Guozheng Aerospace Index consists of securities from the aerospace industry listed on the Shanghai and Shenzhen stock exchanges, covering core companies in China's military industry, including military, aerospace, and low-altitude economy sectors [1] Group 2 - Huatai Securities indicates that the military industry sector is expected to see a significant decline in performance in 2024, with projected revenue of 419.18 billion yuan, down 12.85% year-on-year, and a net profit of 15.26 billion yuan, down 45.03% year-on-year [3] - In Q1 2025, the sector is expected to generate revenue of 77.33 billion yuan, a decrease of 14.36% year-on-year, and a net profit of 4.20 billion yuan, down 28.87% year-on-year, although some upstream sectors are showing signs of recovery [3] - The military industry is advised to focus on information technology, new materials, and aviation engines as potential areas for investment [3] Group 3 - The large aircraft industry chain is characterized by a "smile curve," with China Commercial Aircraft Corporation (COMAC) establishing a business model that fosters local suppliers while relying on global manufacturing [4] - The CJ1000A engine, developed by AVIC, is currently in the testing phase and is expected to be installed in the domestically produced C919 aircraft, indicating progress in self-innovation within the large aircraft sector [4] - The low-altitude economy is projected to grow rapidly, with an expected industry scale of 2 trillion yuan by 2030 and over 5.1 trillion yuan by 2035, following a similar growth trajectory as the new energy vehicle sector [4]