Group 1 - The defense and military industry sector has long-term growth certainty, with recent order delays due to personnel adjustments causing a temporary decline in industry prosperity. However, as the "14th Five-Year Plan" approaches its final year, disturbances have largely been eliminated, leading to a recovery in downstream demand [1] - The construction goals for 2027 are imminent, and the medium to long-term objectives (achieving modernization of national defense and military by 2035, and building a world-class military by 2050) provide clear guidance for industry development. The sector is expected to significantly improve due to demand recovery and capacity structure optimization [1] - The military industry sector is experiencing a continuous recovery in prosperity, with notable performance in the long-range firepower segment. The commercial aerospace field is accelerating, and the StarNet project is expected to drive order growth in the second half of the year [1] Group 2 - The military ETF (512660) covers the entire defense industry chain, demonstrating good elasticity and defensive attributes, making it an important tool for capturing industry allocation opportunities. It currently ranks first among similar products with a scale of 16.046 billion [2] - The military ETF tracks the CSI Military Index, selecting representative listed companies in the defense and military sectors from the Shanghai and Shenzhen markets, reflecting the overall performance of related securities. The index covers multiple subfields of the defense industry, showcasing high industry concentration and distinct military characteristics [2]