从指数持仓来看，中证国新国企航空航天科技指数十大权重分别为：航发动力（9.24%）、中航西飞 （8.48%）、中航光电（7.72%）、中航沈飞（5.98%）、洪都航空（4.66%）、北方导航（4.23%）、中 航机载（3.95%）、中航高科（3.94%）、航天电子（3.91%）、中科星图（3.86%）。 金融界7月9日消息，A股三大指数收盘涨跌不一，中证国新国企航空航天科技指数 (国新国企航空航 天，932419)下跌0.64%，报2453.88点，成交额174.06亿元。 数据统计显示，中证国新国企航空航天科技指数近一个月上涨7.20%，近三个月上涨18.44%，年至今上 涨6.34%。 据了解，中证国新国企航空航天科技指数从国有企业中选取40家业务涉及航空航天装备、航空航天材 料、空天信息、空天安全等航空航天科技相关领域的代表性上市公司证券作为指数样本，反映航空航天 科技领域中国有企业证券的整体表现。该指数以2018年12月28日为基日，以1000.0点为基点。 从中证国新国企航空航天科技指数持仓的市场板块来看，上海证券交易所占比63.93%、深圳证券交易 所占比35.46%、北京证券交易所占比0.60% ...

Group 1 - The core index, the China Securities National New State-Owned Enterprise Aerospace Technology Index, closed at 2449.8 points, down 0.42%, with a trading volume of 17.88 billion [1] - Over the past month, the index has increased by 6.55%, by 11.66% over the past three months, and by 5.93% year-to-date [1] - The index comprises 40 representative listed companies from state-owned enterprises involved in aerospace equipment, materials, information, and security, reflecting the overall performance of state-owned enterprises in the aerospace technology sector [1] Group 2 - The top ten weighted companies in the index include: Aero Engine Corporation (9.37%), AVIC Xi'an Aircraft Industry (8.48%), AVIC Optoelectronics (7.71%), AVIC Shenyang Aircraft Corporation (5.9%), Hongdu Aviation (4.7%), Northern Navigation (4.12%), AVIC Aircraft (3.97%), Aerospace Electronics (3.9%), AVIC High-Tech (3.88%), and China Science and Technology Star Map (3.76%) [1] - The market segments of the index holdings show that the Shanghai Stock Exchange accounts for 63.79%, the Shenzhen Stock Exchange for 35.60%, and the Beijing Stock Exchange for 0.60% [1] Group 3 - From an industry perspective, the index holdings are composed of 82.72% in industrials, 5.87% in materials, 5.03% in information technology, 4.73% in communication services, and 1.65% in consumer discretionary [2] - The index samples are adjusted semi-annually, with adjustments implemented on the next trading day following the second Friday of June and December each year [2] - In special circumstances, the index may undergo temporary adjustments, such as when a sample company is delisted or undergoes mergers, acquisitions, or spin-offs [2]

Industry Overview - The Shanghai Composite Index increased by 0.19%, while the ChiNext Index rose by 0.48%. The defense and military industry index (CITIC) decreased by 2.31%, underperforming the Shanghai Composite by 2.5 percentage points and the ChiNext by 2.8 percentage points, ranking 27th out of 29 industries for the period [1]. Commentary - The release of China's first national security white paper is expected to sustain high demand in the industry. The white paper emphasizes optimizing the defense technology industry layout and building an advanced defense technology industrial system. Short-term, the aerospace technology sector is experiencing a rapid recovery in downstream demand, with expectations for high demand throughout the year and potential performance inflection points in the first half of 2025 for some upstream segments [2]. - Long-term, the aerospace technology sector is a cornerstone of national security, likely to maintain demand and growth certainty, highlighting its comparative advantages in the current environment [2]. - China Aviation Industry Corporation (AVIC) showcased a full range of aviation equipment at the Langkawi International Maritime and Aerospace Exhibition, indicating a push for international cooperation. The current low export ratio of domestic aviation manufacturers compared to overseas peers suggests that China's equipment output capabilities are gradually becoming evident, with potential demand recognition reshaping perceptions [2]. - The enhancement of equipment competitiveness and expansion of export market share are expected to inject new growth momentum into the industry, prompting a reevaluation of sector value, with upcoming events like the Paris Air Show being key catalysts [2]. Mergers and Acquisitions - The recent release of revised regulations on major asset restructuring by the China Securities Regulatory Commission aims to deepen the reform of the mergers and acquisitions market for listed companies. The aerospace technology sector has a relatively low asset securitization rate, with significant quality assets still outside listed companies, indicating substantial room for reform and restructuring [3]. - Recent overall listings and restructuring plans by companies like AVIC Chengfei are expected to enhance the activity of mergers and acquisitions, accelerating asset restructuring and state-owned enterprise reforms in the sector [3]. Valuation and Recommendations - The company maintains its profit forecasts, ratings, and target prices. The recovery in demand is expected to provide significant elasticity for precision-guided equipment, with recommendations for companies such as Chuangjiang New Materials, Aerospace Electric, Feilihua, and Beifang Navigation, along with other related companies [4]. - Rapid recovery in industry demand is anticipated to benefit upstream components and testing segments, with recommendations for companies like Unisoc, Zhenhua Technology, Hongyuan Electronics, Hongda Electronics, Torch Electronics, and Su Shi Testing, along with other related companies [4]. - Long-term market opportunities in foreign trade are expected to open up, with recommendations for Guorui Technology and other related companies [4].