| | | 8月7日，超卓航科大宗交易成交119.42万股，成交额3582.6万元，占当日总成交额的37.36%，成交价30元，较市场收盘价34.47元折价12.97%。 ...

Core Viewpoint - The A-share market saw a significant rise in military-related stocks, particularly in the aerospace sector, with the Aerospace ETF (159227) achieving a notable increase of 2.1% and reaching a new high since its listing [1] Group 1: Market Performance - The military industry sector experienced a collective surge, with major military groups and related concepts showing strong performance [1] - The Aerospace ETF (159227) recorded a trading volume of 76.14 million yuan, leading among similar products [1] - Key stocks such as Changlong Military and Inner Mongolia First Machinery Group saw substantial gains, with Changlong Military hitting the daily limit and Inner Mongolia First Machinery Group rising over 6% [1] Group 2: Fund Flows - Since July, the Aerospace ETF (159227) has attracted significant net inflows, totaling 448 million yuan as of August 5, with the latest scale exceeding 800 million yuan [1] - The ETF remains the top product in its category in terms of capital inflow [1] Group 3: Analyst Recommendations - Shenwan Hongyuan suggests increasing attention on military stocks, particularly those with elastic or thematic characteristics [1] - Industrial sectors such as weaponry, deep-sea technology, commercial aerospace, and low-altitude economy are highlighted for their high-frequency thematic rotations since May [1] - Future focus areas include traditional main battle equipment, unmanned intelligence, underwater operations, cyber defense, and hypersonic technology [1] Group 4: Index Characteristics - The Aerospace ETF (159227) closely tracks the National Aerospace Index, which has a significant military industry weight of over 97.86% [1] - The core sectors of aviation and aerospace equipment account for 66.8% of the index's weight, emphasizing a focus on critical areas within the aerospace equipment industry chain [1]

Core Viewpoint - The military industry sector is experiencing heightened activity and investor interest ahead of the upcoming military parade on September 3, with expectations for accelerated order demand due to the execution of the "14th Five-Year Plan" [1] Group 1: Market Performance - On August 5, the A-share market showed slight fluctuations, with the aerospace ETF (159227) experiencing a decline of 0.34% and a trading volume of 110 million yuan, maintaining the highest market share among similar products [1] - Key stocks in the military sector, such as Longcheng Military Industry, saw a surge, with other companies like Hualichuantong, Construction Industry, Yaguang Technology, Aerospace Electronics, and Hailanxin also experiencing gains [1] Group 2: Industry Outlook - The military industry is expected to see a recovery in overall industry chain prosperity, driven by the upcoming military parade and the critical phase of capability delivery in the "14th Five-Year Plan" [1] - The aerospace ETF (159227) closely tracks the National Aerospace Index, focusing on core military aerospace sectors, with a high concentration of 97.86% in the first-level military industry [1] - The ETF's component stocks have a significant weight of 66.8% in aerospace equipment, surpassing other military and defense indices [1] Group 3: Investment Opportunities - According to Shenwan Hongyuan Securities, there are potential short-term opportunities in the self-controlled and national defense military sectors leading up to the military parade [1] - Historical data indicates that major military parade events have a significant catalytic effect on military stocks, with market expectations continuing to rise as the event approaches [1]

来源：上海证券报·中国证券网 上证报中国证券网讯 8月4日，A股三大股指早盘涨跌互现。截至午间收盘，沪指涨0.2%，深成指跌 0.28%，创业板指跌0.49%。盘面上看，贵金属、航空航天装备、机器人等板块涨幅居前；医疗服务、 光伏设备、零售等板块跌幅居前。 ...

Group 1 - The A-share market saw a collective decline on August 4, with the military industry sector performing strongly, showing resilience against the market downturn [1] - The Aerospace ETF (159227) recorded a rise of 1.31%, with key holdings such as Great Wall Military, Aerospace Electronics, and Zhenxin Technology increasing by over 7% [1] - The Russian Ministry of Defense reported significant military actions against Ukrainian infrastructure, highlighting the increasing importance of air power in modern warfare and the high technological barriers in the military industry [1] Group 2 - The Aerospace ETF (159227) tracks the National Aerospace Index, which has a strong military attribute, with 97.86% of the index comprising military-related sectors [1] - The weight of aerospace equipment in the ETF is 66.8%, significantly higher than that of the CSI Military and CSI National Defense indices, providing investors with an efficient way to capture core military aerospace opportunities [1] - Zhejiang Securities predicts that ongoing geopolitical conflicts will lead to a reassessment of the value of China's defense and military enterprises, as military exports gain practical validation in overseas conflicts [2]

Group 1 - The "Future" deep-sea green intelligent technology test ship has been successfully delivered, led by the Taihu Laboratory in Wuxi, Jiangsu [1] - Jiangsu's "1650" industrial system has shown significant results, with 14 clusters selected as national advanced manufacturing clusters, accounting for nearly 1/5 of the national total [1] - Jiangsu ranked second in China's regional innovation capability evaluation last year, with Suzhou and Nanjing listed among the top 10 global innovation clusters [1] Group 2 - Jiangsu has organized 250 key projects in the past two years, achieving notable results such as the world's first 8-inch silicon-based gallium nitride production line [2] - The provincial government established a special fund for basic research amounting to 2.48 billion yuan last year, increasing to 2.68 billion yuan this year [2] - Major original breakthroughs include the first observation of a graviton mode in condensed matter and the discovery of the oldest multicellular eukaryotic fossil [2] Group 3 - Jiangsu has over 57,000 high-tech enterprises, with unicorn and potential unicorn companies accounting for 13% and 23% of the national total, respectively [3] - The province has 89,000 technology-based small and medium-sized enterprises and 114 companies listed on the Sci-Tech Innovation Board, both ranking first in the country [3] - 85% of R&D investment comes from enterprises, with nearly 80% of high-level innovation and entrepreneurship talent concentrated in companies [3] Group 4 - Jiangsu has established a technology transfer platform, hosting over 2,000 innovation results and 2,300 technology demands last year [4] - The province was approved to build the first regional technology transfer center in universities, with continuous collaboration with major scientific institutions [4] - The total value of technology contracts in Jiangsu reached nearly 530 billion yuan last year [4] Group 5 - Jiangsu promotes the coordinated innovation development of high-tech zones and higher education institutions, implementing organized research and transformation [5] - The province has 18 national high-tech zones, the highest number in the country, contributing significantly to the national economy and exports [5] - Jiangsu has been approved for 19 national innovative industrial clusters, with 9 high-tech zones entering the national top 50 [5] Group 6 - Jiangsu is advancing reforms in the education and technology talent system, including the modification of regulations for technology transfer [6] - The province supports the establishment of over 400 joint innovation centers and has achieved over 7,500 technology transfer results [6] - Jiangsu ranked first in the number of participants selected for national major talent projects in the technology sector last year [6] Group 7 - Jiangsu is planning a talent evaluation system for the low-altitude economy, which is becoming a new engine for high-quality economic development [7] - The province is setting new professional qualifications for technical personnel in the low-altitude economy industry chain [7] - Pilot programs for the low-altitude economy are being conducted in Suzhou and Taicang [7]

航空航天ETF（159227）跟踪国证航天指数，相比传统军工指数优势明显：（1） 军工含量最高：申万 一级军工行业占比高达98.2%，是全市场军工含量最高的指数。（2）聚焦空天国防：申万二级行业分 类，航空航天装备权重占比高达66.5%，远超中证军工和中证国防指数。（3）业绩更好：自2024年7月 31日到2025年7月31日，国证航天指数收益率37.28%，超过中证国防指数（33.06%）、中证军工指数 （30.4%）和军工龙头指数（26.78%）。 中邮证券表示，展望2025年，军工行业订单有望迎来拐点，在服务于提升装备性能或降低装备成本的新 技术、以新域新质作战力量为代表的新产品、军贸和军用技术转化带来的新市场方向或蕴含更大弹性， 建议关注航空航天主线。 （本文机构观点来自持牌证券机构，不构成任何投资建议，亦不代表平台观点，请投资人独立判断和决 策。） 7月31日，A股三大指数集体调整，但就整个7月来说，三大指数月线均收涨。行业方面，国防军工板块 7月涨幅达3.08%，在申万31个行业中排名19。 相关ETF中，7月，航空航天ETF（159227）涨3.35%；日均成交额达1.17亿元，稳居同标的第一。 ...

Group 1 - The aerospace and military sector experienced a decline in the afternoon on July 31, with the Tianhong Aerospace ETF (159241) dropping by 0.68% and achieving a trading volume exceeding 99 million yuan, with a turnover rate over 21% [1] - The Tianhong Aerospace ETF (159241) saw a net subscription of 5 million shares in real-time, and recorded a net inflow of over 33 million yuan yesterday, marking three consecutive days of net inflow, the highest among similar products [1] - The latest circulating scale of the Tianhong Aerospace ETF is 457 million yuan, with a total of 385 million shares, and a year-to-date share growth rate of 102.48%, the highest among similar products [1] Group 2 - On July 31, 2025, China successfully launched the Pakistan Remote Sensing Satellite 01 using the Kuaizhou-1A rocket from the Xichang Satellite Launch Center, marking the 29th flight of this rocket [2] - The satellite is primarily used for land surveying and disaster prevention and mitigation [2] - According to Caitong Securities, the commercial aerospace sector is accelerating its network deployment, with a dense launch of reusable rockets expected in the second half of the year, indicating positive changes across multiple industry segments [2]

2025年作为"十四五"规划收官年，军队建设"十四五"规划正处于能力集成交付的攻坚期，相关订单需求 预计将加速兑现。 在2025-2026年期间，"十五五"规划的编制与落地，将为未来三到五年军工行业提供 清晰的发展蓝图。伴随新一轮订单周期的展开，行业的成长确定性与景气度有望得到双重强化，进而推 动全产业链景气水平的持续提升。航空航天ETF阶段回调或迎布局机会。 7月31日午后，A股继续下行，跌幅扩大，截至14点20分，航空航天ETF（159227）跌幅0.85%，成交额 达9814万元，持仓股航天晨光涨停，长城军工涨超8%，华力创通、内蒙一机、新劲刚、北方导航等均 逆市上涨。 航空航天ETF（159227） 跟踪国证航天指数，该指数军工属性极强，申万一级军工行业占比98.2%，是 全市场军工含量最高的指数！更聚焦的是，其航空航天装备权重占比高达66.5%，远超中证军工和中证 国防指数。作为跟踪该指数的最大规模ETF，为投资者提供了高效把握核心军工空天机遇的途径。 山西证券表示，2025年是承上启下的一年，过去半年中"十四五"延迟订单逐步释放，需求边际好转，随 着"十五五"规划编制工作的启动，以及2027年百年 ...

建军节临近，国防军工行业市场关注度提升，此外，2025年以来，军工行业需求恢复，订单陆续落 地，机构在连续10个季度减配军工后，二季度首度开始增配，行业拐点已出现。同时伴随着十五五规划 的到来，以及全球地缘政治动荡带来的军费上行周期，军工行业将迎来新的景气阶段，回调或迎布局机 会。 7月30日午后，A股三大指数持续走低，航空航天ETF（159227）跌幅扩大，截至14:00，跌幅 2.02%，成交额达1.49亿元，稳居同类第一。持仓股中船应急、华力创通、中航机载、亚光科技、海兰 信等逆市上涨。 航空航天ETF（159227） 跟踪国证航天指数，该指数军工属性极强，申万一级军工行业占比 98.2%，是全市场军工含量最高的指数！更聚焦的是，其航空航天装备权重占比高达66.5%，远超中证 军工和中证国防指数。作为跟踪该指数的最大规模ETF，为投资者提供了高效把握核心军工空天机遇的 途径。 华福证券表示，2025年-2027年在多重催化下内需外需均增长幅度巨大，且主题型机会层出不穷， 发展军工或为未来重中之重。 每日经济新闻 （责任编辑：张晓波 ） 【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 ...