2025年11月16日，海军四川舰完成为期3天的首次航行试验任务，顺利返回船厂码头。试航期间，对四 川舰动力、电力等系统设备进行了一系列测试，达到了预期效果。四川舰是海军新一代两栖攻击舰，满 载排水量4万余吨，设置双舰岛式上层建筑和全纵通飞行甲板，创新应用电磁弹射和阻拦技术，可搭载 固定翼飞机、直升机、两栖装备等。 04 中船集团与中远海运集团签订总金额约500亿元人民币新造船订单 中船集团2025年度十大新闻 2025年，中国船舶集团有限公司坚持以习近平新时代中国特色社会主义思想为指导，深入贯彻党的二十 大和二十届历次全会精神，全面贯彻习近平文化思想，认真学习贯彻落实习近平总书记对中央企业工作 作出的重要指示精神，坚持正确的政治方向、舆论导向和价值取向，聚焦高质量发展主题，贯穿"中船 集团、智领深蓝"主线，突出奋斗中船、幸福中船主体，精心策划宣传报道，持续讲好中船故事、发出 中船声音，为中船集团"十四五"圆满收官、"十五五"开局起步提供了自信自强、团结奋进的思想舆论支 撑。为充分展现过去一年中船集团在服务国家战略、支撑国防建设、引领行业发展取得的成就，统一思 想行动、凝聚奋进力量，中船集团开展了2025年度 ...

Group 1 - In 2025, China's defense technology will enter a new stage of systematic advancement, with the military's new combat capabilities accelerating their development [1] - The People's Navy officially enters the "three aircraft carrier era" with the commissioning of the Fujian aircraft carrier on November 5, 2025 [4][5] - The Fujian aircraft carrier, with a full displacement of over 80,000 tons, is the world's first conventional-powered aircraft carrier equipped with electromagnetic catapult technology [8] Group 2 - The Fujian aircraft carrier conducted its first live training at sea, successfully testing its electromagnetic catapult and recovery capabilities with various carrier-based aircraft [12] - The first amphibious assault ship, Sichuan, completed its maiden voyage trial, achieving a "quasi-aircraft carrier" combat capability with a full displacement of over 40,000 tons [17] - The 054B missile frigate, with a displacement of approximately 5,000 tons, features advanced stealth capabilities and a multifunctional vertical launch system, marking breakthroughs in stealth technology and combat command systems [21] Group 3 - The Chinese Air Force showcased the Attack-11 drone in a mixed formation flight with advanced fighter jets, highlighting its stealth, endurance, and precision capabilities [26] - The 2025 September 3 military parade displayed a high degree of informationization and intelligence in weaponry, emphasizing the military's capability to adapt to technological advancements and future warfare [27]

【军事专家：未来#四川舰服役将颠覆全球海战格局#】#专家谈十五五国防装备发展前景# 回顾"十四 五"期间，国产核心技术的升级，撑起了这些国防装备的提升。我们如果去展望一下"十五五"的话，在 国防装备体系的建设上，可以有一些什么样的期待？军事问题专家杜文龙表示，今后我们新型航空母舰 有可能会实现核动力。另外四川舰有可能会服役，全世界第一艘"无人机航空母舰"就会把今后海战格局 彻底颠覆，而且实现新的舰种、新的舰型的重大突破。这些新装备的核心能力已经崭露头角，在未来它 们所呈现出的作战能力包括发展势头，让我们会感到更加的兴奋、更加自豪。（央视网） （来源：环球时报） 转自：环球时报 ...

央视网消息：2025年是军队建设"十四五"规划收官之年，也是打好实现建军第一个百年奋斗目标的攻坚之年。这一年，解放军多型主战装 备迈入迭代升级的关键阶段，传统作战平台斩获多项技术突破，远海立体攻防能力实现显著跃升。下面我们就来聚焦2025年海军、空军和火箭 军的重器硬核突破，解读大国海军向海图强、火箭军全域慑战的坚定步伐。 福建舰：我国第一艘电磁弹射型航空母舰 四川舰：人民海军新一代两栖攻击舰 11月14日，我国076两栖攻击舰首舰四川舰从上海沪东中华造船厂码头解缆启航，赴相关海域开展首次航行试验任务。此次海试主要检测 验证四川舰动力、电力等系统的可靠性和稳定性。 四川舰是人民海军新一代两栖攻击舰，满载排水量4万余吨，设置双舰岛式上层建筑和全纵通飞行甲板，创新应用电磁弹射和阻拦技术，是推 进海军转型建设发展、提升远海作战能力的关键装备。 11月5日，我国第一艘电磁弹射型航空母舰福建舰入列授旗仪式在海南三亚某军港举行。福建舰是我国第一艘电磁弹射型航空母舰，也是 我国第三艘航空母舰，舷号为"18"，福建舰由我国完全自主设计建造，该舰采用平直通长飞行甲板，配置电磁弹射和阻拦装置，是全球首艘采 用常规动力搭配电磁弹射 ...

四川舰，舷号51 是我国自主研制建造的 本文转自【央视新闻客户端】； 首艘076型两栖攻击舰 一年前的今天 海军四川舰下水 四川舰满载排水量4万余吨 设置双舰岛式上层建筑 和全纵通飞行甲板 创新应用电磁弹射和阻拦技术 可搭载固定翼飞机、直升机 还有两栖装备等 自下水以来 四川舰建造工作按计划稳步推进 顺利完成系泊试验和装设备调试 今年11月 四川舰圆满完成首次航行试验任务 向着深蓝阔步前进 这速度，真巴适！ 期待四川舰更多好消息！ ...

Core Viewpoint - The recent provocative remarks by Japanese Prime Minister Fumio Kishida regarding potential military intervention in the Taiwan Strait have raised significant concerns, prompting a strong response from the Chinese military, which emphasizes its robust capabilities and readiness to counter external threats [1] Group 1: Military Developments - China's first electromagnetic catapult aircraft carrier, Fujian, was commissioned on November 5, marking a significant technological advancement and positioning the People's Navy among the world's leading naval forces [5] - The Fujian carrier has commenced its first live training mission, successfully conducting multiple takeoffs and landings with various carrier-based aircraft, validating its electromagnetic launch and recovery systems [5] - The first amphibious assault ship of the 076 class, Sichuan, began its sea trials shortly after the Fujian's commissioning, showcasing advanced features such as electromagnetic launch and recovery technology [7] Group 2: New Weaponry - The Chinese military has unveiled numerous new weapons this year, including the "Attack-11" drone, which was showcased in a recent promotional film featuring a mixed formation flight with manned and unmanned aircraft [10][12] - The 191 long-range box rocket artillery systems were highlighted for their precision and rapid response capabilities, enhancing ground combat effectiveness [16][17] - Advanced missiles such as the Changjian-20A and YJ-18C were presented as key assets for long-range precision strikes, demonstrating the military's focus on high-speed and high-precision capabilities [20][22] Group 3: Joint Military Exercises - The "Thunder 2025A" joint military exercise conducted by the Eastern Theater Command around Taiwan tested the integrated operational capabilities of various military branches [26] - The exercise involved coordinated actions between air, naval, and ground forces, including the deployment of fighter jets, bombers, and naval vessels to simulate comprehensive combat scenarios [28][36] - The use of advanced early warning systems and aerial refueling capabilities significantly extended the operational range of combat aircraft during the exercises [30][34]

Group 1 - The article highlights Japan's provocative remarks regarding potential military intervention in the Taiwan Strait, which have drawn strong condemnation from China [1] - China's military capabilities are emphasized, particularly the recent commissioning of the Fujian aircraft carrier, marking a significant advancement in naval technology [1][3] - The Fujian carrier's successful sea trials and the integration of various aircraft types demonstrate its operational readiness and technological superiority [3][6] Group 2 - The Sichuan amphibious assault ship, which recently commenced sea trials, showcases advanced features such as electromagnetic catapult technology, enhancing China's naval capabilities [5][6] - The article discusses the advantages of the electromagnetic catapult system used on the Fujian carrier, which allows for more precise control during aircraft launches compared to traditional steam catapults [7][9] - Future operational plans for the Fujian carrier include full deployment of carrier-based aircraft and joint training exercises to enhance combat readiness [10][13] Group 3 - The introduction of the "Attack-11" drone, which features advanced stealth capabilities, is noted as a significant development in China's military technology [19][20] - The "Attack-11" is designed for precision strikes against well-defended targets, and its operational range allows it to cover strategic areas effectively [28][30] - The integration of the "Attack-11" with existing fighter jets like the J-20 is expected to enhance overall combat effectiveness [30] Group 4 - The article details a recent joint military exercise conducted by the Eastern Theater Command, showcasing the PLA's integrated joint operational capabilities [36][39] - Various military branches, including air and naval forces, participated in coordinated operations, demonstrating the effectiveness of joint tactics [44][46] - The use of long-range artillery systems, such as the modular rocket artillery, highlights the PLA's ability to conduct sustained fire support in joint operations [47][51]

Core Viewpoint - The military industry stocks have experienced a significant surge, driven by recent advancements in China's military capabilities and a shift in the industry's growth model towards a more diversified and sustainable approach [1][2][3]. Group 1: Stock Performance - Military ETFs saw a sharp increase, with stocks like Jianglong Shipbuilding, Yaguang Technology, and China Shipbuilding Defense hitting the daily limit, while Tianhai Defense surged over 19% [1][2]. - By the end of the trading session, several companies, including Jianglong Shipbuilding and Yaguang Technology, recorded gains of over 10%, indicating strong market interest in the military sector [2]. Group 2: Industry Growth and Financial Performance - According to data from Guoxin Securities, state-owned defense enterprises reported a 21.19% year-on-year increase in revenue and an 8.93% rise in net profit for the first three quarters of 2025, with these companies accounting for over 70% of the industry [2]. - The military industry is transitioning from a reliance on domestic demand to a new growth model characterized by "internal demand foundation, foreign trade expansion, and civilian support," enhancing the industry's overall growth potential [2][4]. Group 3: Recent Developments and Innovations - The recent commissioning of the Fujian aircraft carrier, which is the world's first conventional-powered aircraft carrier utilizing electromagnetic catapult technology, marks a significant technological advancement for China's naval capabilities [3]. - The introduction of the Attack-11 stealth drone and the successful sea trials of the Sichuan ship highlight the advancements in China's air and naval forces, indicating a shift towards integrated manned-unmanned operations [3]. Group 4: Investment Focus Areas - East Wu Securities identifies four key investment directions within the military sector: main battle equipment supply chains, advanced combat capabilities, military-civilian integration technologies, and asset securitization opportunities [4]. - The focus on companies with assembly capabilities, pricing power, and overseas delivery experience is expected to yield significant benefits as orders increase [4].

Core Viewpoint - The military industry is experiencing a significant surge, driven by recent advancements and developments in China's military capabilities, including the commissioning of new naval vessels and the introduction of advanced combat systems [3][6][7]. Group 1: Market Performance - Military stocks have seen substantial gains, with several companies reaching their daily limit up or increasing by over 10%, including Jianglong Shipbuilding, Yaguang Technology, and Tianhai Defense [4][5]. - As of the latest reports, the defense and military state-owned enterprises have shown a revenue growth of 21.19% year-on-year and a net profit increase of 8.93% for the first three quarters of 2025, indicating strong financial performance [4][6]. Group 2: Industry Dynamics - The Chinese military industry is transitioning from a reliance on domestic demand to a new development model characterized by three driving forces: domestic demand foundation, foreign trade expansion, and civil-military integration [6][8]. - The industry is shifting from "cyclical growth" to "comprehensive growth," reflecting a more sustainable and diversified growth momentum [6]. Group 3: Investment Focus - Investment strategies in the military sector are focusing on four high-certainty directions: 1. Main battle equipment supply chain from a military trade perspective, targeting core enterprises with assembly capabilities and overseas delivery experience [8]. 2. Advanced combat fields such as underwater offense and defense, unmanned clusters, and electromagnetic countermeasures, with related companies moving towards large-scale deployment [8]. 3. Technology-driven sectors under civil-military integration, including commercial aerospace and high-energy lasers, which combine defense support with emerging industry attributes [8]. 4. Reform and asset securitization, involving local state-owned enterprises acquiring quality military assets and accelerating the securitization of unlisted military assets [8].

Core Viewpoint - The military industry stocks have experienced a significant surge, driven by recent advancements in China's military capabilities and a shift in the industry's growth model towards a more diversified and sustainable approach [1][4]. Group 1: Market Performance - The military equipment sector saw a notable increase, with stocks such as Jianglong Shipbuilding, Yaguang Technology, and Tianhai Defense reaching their daily limit, while others like Tengjing Technology and Changyou Technology rose over 8% [2][3]. - According to data from Guoxin Securities, state-owned defense enterprises reported a 21.19% year-on-year revenue growth and an 8.93% increase in net profit for the first three quarters of 2025, indicating improved profitability and productivity [3]. Group 2: Industry Developments - China's military industry is transitioning from a reliance on domestic demand to a new development model characterized by three driving forces: domestic demand foundation, foreign trade expansion, and civil-military integration [4]. - Recent military advancements include the commissioning of the Fujian aircraft carrier, which is the world's first conventional-powered aircraft carrier using electromagnetic catapult technology, and the introduction of the Attack-11 drone, marking a new era of "manned-unmanned collaborative operations" [5]. Group 3: Investment Focus - The investment focus in the military sector is shifting towards four high-certainty areas: main battle equipment supply chains, advanced combat capabilities, technology-driven civil-military integration sectors, and the reform and asset securitization of military assets [6].