（来源：ETF智选） 军工大涨 上周我们提到，要增加对军工的重视了，原因主要有三个： 一是军工的拥挤度到了低位。 二是三季报来看，31个申万一级行业中，"预收账款+合同负债"增速最高的，就是国防军工。从一季报和中报中，这一数据领先的，之后的整体超额是很 不错的。 三是从中长期来说，我们军贸订单增长，并且作为强计划性行业，从五年规划启动编制，到正式落地的第一年，军工行业的超额收益通常较为明显。 那这几天的行情，也可以看到，上周五大跌的时候，军工是相对其他行业跌幅较低的。 | | 申万一级 申万二级 | 由万三级 | 同花顺行业 | 同花顺概念 | 同花顺地域 + | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | で原 | 代码 | 名称 | | 涨幅 : | 现价 ( | 金额 | 5日涨跌幅 | 20日涨跌幅 | 60日涨跌幅 | 120日涨跌幅 | 年初至今 | | 1 | 801760 | 传媒 | | -0.32% | 801.766 6752.19万 | 760.2亿 | ...

Group 1: Stock Market Activity - On the institutional trading list, 32 stocks were featured, with 14 experiencing net buying and 18 facing net selling [1] - The top three stocks with the highest institutional buying were: Dazhong Mining (130 million), Delijia (129 million), and Huanrui Century (80.25 million) [1] - Huanrui Century entered a strategic partnership with Shanghai Jieyue Xingchen Intelligent Technology Co., aiming to establish the "Linyue" AI Joint Laboratory, integrating AI models for film content production [1] Group 2: Aerospace and Defense Industry - The commercial aerospace sector is witnessing a significant shift with the upcoming first flights of several reusable rockets, including Zhuque-3 and others, expected between late 2025 and early 2026 [4] - The Chinese government has initiated the commercial satellite IoT business trial, marking a step forward in the satellite internet sector [2] - The military industry is seeing companies like Jianglong Shipbuilding and Beifang Changlong gaining qualifications for producing military vessels and equipment, indicating growth in defense capabilities [4]