Group 1 - The aerospace and defense sector showed resilience with the aerospace ETF (159227) turning positive after an initial dip, indicating strong investor interest [1] - The ETF experienced a net inflow of 14.47 million yuan on the day, and over the past 20 trading days, it recorded net inflows on 14 occasions, totaling 474 million yuan, highlighting sustained capital attraction [1] - The successful test flights of the J-15T, J-35, and KJ-600 carrier-based aircraft on the Fujian aircraft carrier signify advancements in China's military capabilities, aligning with national strategic goals [1] Group 2 - The aerospace ETF (159227) closely tracks the Guozheng Aerospace Index, with a high concentration of 97.96% in the military industry, covering critical sectors such as aerospace equipment, satellite navigation, and new materials [2] - The ETF includes leading companies in the military sector, focusing on emerging fields like large aircraft development and commercial aerospace [2]

Core Insights - The A-share market saw a rebound in the military industry sector, particularly in the aerospace segment, with the Aerospace ETF (159227) rising by 0.73% as of 1:37 PM on September 10. Key stocks such as Hualichuangtong increased by over 4%, while AVIC Shenyang Aircraft Corporation and China Satellite rose by over 3% [1] - The Aerospace ETF (159227) is the largest aerospace and defense ETF in the market, having attracted a net inflow of 476 million yuan over the past nine trading days [1] - The importance of air power in modern warfare has led to a focus on aerospace equipment in military construction, with high technical barriers and significant value within the military industrial chain [1] - According to Tianfeng Securities, enhancing military security capabilities is a strategic requirement for national development in China. The next three years will focus on achieving the centenary goal of military construction, with a significant push towards becoming a world-class military by 2025 [1] - The Aerospace ETF tracks the Guozheng Aerospace Index, with a high concentration of 97.96% in the military industry, covering a full range of aerospace and defense sectors including fighter jets, transport aircraft, helicopters, and missiles [2]

Group 1 - The military industry sector has shown significant movement, with the Aerospace ETF (159227) narrowing its decline to 0.94% and achieving a trading volume of 1.89 billion yuan, making it the largest in its category [1] - The Aerospace ETF has reached a new high in size at 11.21 billion yuan, indicating strong investor interest and confidence in the aerospace sector [1] - The Aerospace ETF tracks the Guozheng Aerospace Index, which has a high concentration of military-related stocks, covering a wide range of aerospace and defense technologies [1] Group 2 - Tianfeng Securities emphasizes the importance of strengthening military security capabilities as a strategic requirement for national development in China, particularly in the context of the upcoming centenary of the military [2] - The next three years are critical for the Chinese military to achieve its goals, with a focus on advancing aerospace and defense capabilities to a higher level of development [2] - By 2025, which marks the end of the 14th Five-Year Plan, China's military equipment is expected to accelerate its catch-up with international advanced military forces [2]