前言 1月8日，俄军"榛树"导弹对乌克兰展开军事行动。 这并非简单的军事打击，而是对美军扣押俄油轮行为的最强回应。 这种"以牙还牙"的极限手段会震慑北约吗？谁又在为这场冲突背后的能源危机买单？ 10马赫极速报复 那一刻，物理规则仿佛被改写了，1月8日深夜，数个被称为"榛树"的高超音速弹头，撕裂了卡普斯京亚尔靶场的宁静，以每小时13000公里的速度——相当 于10.53马赫——狂奔了1500公里。 这种能携带30多个战术核弹头的战略级大杀器，却被用来打击常规的能源设施，乍一看有些"杀鸡用牛刀"。 但这正是俄军想要传递出的极度危险的信号——这枚导弹不仅仅是炸给基辅看的，更是炸给华盛顿和布鲁塞尔看的。 当利沃夫的监控探头再次捕捉到它们时，画面中只见多个高速弹头穿云而降，随即便是一场惊天动地的巨响。 利沃夫上空那诡异的橙紫色光芒，被认为是地下掩埋的巨型天然气库被穿透引爆后的连锁反应，宛如末日降临的视觉冲击，比任何官方通报都来得直观且恐 怖。 西方情报界对此深感震惊，早在袭击发生前的白天，美国驻乌克兰大使馆就反常地发布了紧急警告，预言"未来几天俄罗斯将发动重大袭击"。 显然，情报部门嗅到了危险的气息，但在10马赫的绝对 ...

"榛树"是俄罗斯研制的新型高超音速中程弹道导弹，可携带核弹头，能以10马赫的速度攻击目标。俄罗 斯总统普京此前曾称，"目前尚无法拦截这种导弹"。 另据乌克兰方面称，当地时间今天凌晨，俄罗斯无人机空袭了首都基辅，造成4人死亡、19人受伤，部 分关键基础设施遭袭，部分城区供水中断，多地还因空袭起火。 乌克兰西部利沃夫州长及首府利沃夫市长通过社交媒体称，俄军当地时间1月8日深夜对该地区一处基础 设施发动空袭。有乌克兰媒体报道，俄军在这次空袭中发射了"榛树"导弹。 据CCTV国际时讯消息，乌克兰空军1月9日称，俄军昨夜今晨发射了36枚导弹、242架无人机，袭击乌 克兰的关键基础设施。36枚导弹中包括一枚高超音速中程弹道导弹。 俄罗斯国防部今天通报称，作为对乌克兰方面此前袭击俄罗斯总统官邸的回应，俄军昨夜今晨对乌克兰 境内重要设施进行了密集打击，使用了包括"榛树"高超音速中程弹道导弹在内的陆基、海基精确打击武 器和远程无人机，打击目标包括乌克兰的无人机生产设施和为军工综合体提供能源保障的设施。俄方的 既定打击任务已完成。 ...

Core Viewpoint - The recent production and deployment of Russia's new hypersonic missile "Zircon" signifies a strategic shift in military capabilities, posing a potential threat to NATO and altering the balance of power in Europe [1][2][3] Group 1: Missile Production and Capabilities - The first batch of the "Zircon" missile has been completed and delivered to the military, with production initiated following successful test launches [1][2] - The missile has a range of 1,000 to 5,500 kilometers and can carry conventional or nuclear warheads, making it a versatile weapon in Russia's arsenal [7][8] - The missile's speed can reach up to 10 Mach, making it extremely difficult for current defense systems to intercept [9][10] Group 2: Strategic Implications - The deployment of the "Zircon" missile is a direct response to NATO's military activities and the U.S. missile systems being positioned in Europe and the Asia-Pacific region [3][8] - Russia's decision to lift self-imposed restrictions on missile deployment under the Intermediate-Range Nuclear Forces Treaty indicates a more aggressive military posture [2][3] - The missile's capabilities could significantly reduce the necessity for nuclear weapons, as its destructive power is comparable to that of nuclear arms [7][12] Group 3: NATO's Response and Concerns - NATO countries, particularly Germany, are reportedly unprepared to counter the "Zircon" missile, with any successful interception being considered a "lucky accident" [9][10] - There are ongoing discussions among Ukraine and its allies regarding the potential acquisition of advanced missile defense systems to counter the threat posed by the "Zircon" missile [10][11] - Experts have raised concerns about the effectiveness of current missile defense systems against hypersonic threats, indicating a significant gap in capabilities that may take years to address [11][12]

Investment Rating - The report maintains a "Positive" investment rating for the defense and military industry [3]. Core Insights - The report emphasizes the innovation in new combat forces and the importance of system integration in the defense sector, highlighting the growth potential in various sub-sectors such as aerospace electronics, unmanned systems, underwater defense, and data link technologies [8][10][37]. Summary by Sections Aerospace Electronics - The company, Aerospace Electric, is backed by the Aerospace Jiangnan Group and focuses on high-tech products in the aerospace and defense electronics sector. It has become a significant player in the industry, with over 70% of its products sold to high-end clients in aerospace and military sectors [12][21]. - The company has established a cross-regional, group-based structure to enhance its R&D, production, and sales capabilities, ensuring high-quality development [16][21]. Unmanned Systems - Unmanned systems have transitioned from the periphery to the center of modern warfare, with drones playing a crucial role in military operations. The report outlines the evolution of drones and their increasing complexity and autonomy [40][41]. - The modern drone ecosystem includes various types, from consumer drones to advanced stealth combat drones, reflecting significant technological advancements [42][43]. Underwater Defense - Unmanned Underwater Vehicles (UUVs) are highlighted as a new class of equipment with diverse applications and high autonomy. The report notes that the U.S. military's UUV market could exceed $50 billion over the next decade [74][81]. - UUVs are characterized by their stealth, cost-effectiveness, and support for distributed operations, making them a vital component of modern naval strategies [81][86]. Data Link Technologies - The report discusses the importance of data link technologies in enhancing operational connectivity and efficiency in military operations, emphasizing the need for continuous technological upgrades [8][37]. Market Potential - The report estimates that the Chinese military drone market could exceed 40 billion yuan by 2028, driven by increasing demand for various types of drones, including medium and large military drones [64][66].

Core Viewpoint - Iran plans to deploy hypersonic missiles in future attacks to penetrate Israel's air defense systems [1] Group 1 - Iran's intention to enhance its military capabilities by incorporating advanced hypersonic technology [1] - The strategic implications of Iran's military advancements on regional security dynamics, particularly concerning Israel [1]