10月17日，中船防务跌3.24%，截至发稿，报26.02元/股，成交3.34亿元，换手率1.54%，总市值367.79 亿元。中船防务股价已经连续3天下跌，区间累计跌幅5.41%。 国泰中证军工ETF（512660）成立日期2016年7月26日，最新规模156.01亿。今年以来收益16.78%，同 类排名3121/4218；近一年收益23.28%，同类排名2440/3865；成立以来收益21.65%。 国泰中证军工ETF（512660）基金经理为艾小军。 截至发稿，艾小军累计任职时间11年281天，现任基金资产总规模1246.49亿元，任职期间最佳基金回报 270.09%， 任职期间最差基金回报-46.54%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 资料显示，中船海洋与防务装备股份有限公司位于广东省广州市南沙区鸡抱沙北路10号，成立日期1994 年10月21日，上市日期1993年10月28日，公司主营业务涉及高端船用动力装备研发、制造、系统 ...

10月17日，北方导航跌2.67%，截至发稿，报14.24元/股，成交3.88亿元，换手率1.78%，总市值215.21 亿元。北方导航股价已经连续4天下跌，区间累计跌幅7.41%。 资料显示，北方导航控制技术股份有限公司位于北京市北京经济技术开发区科创十五街2号，成立日期 2000年9月11日，上市日期2003年7月4日，公司主营业务涉及制导控制、导航控制、探测控制、环境控 制、稳定控制、电台及卫星通信、电连接器等产品和技术。主营业务收入构成为：军品分部99.43%， 民品分部0.57%。 从北方导航十大流通股东角度 国泰中证军工ETF（512660）基金经理为艾小军。 截至发稿，艾小军累计任职时间11年281天，现任基金资产总规模1246.49亿元，任职期间最佳基金回报 270.09%， 任职期间最差基金回报-46.54%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 数据显示，国泰基金旗下1只基金位居北方导航十大流通股东。国泰中证军工ETF（ ...

Group 1 - The core viewpoint of the news is the significant increase in the stock price of Changcheng Military Industry, which rose by 5.07% to 49.51 yuan per share, with a trading volume of 1.892 billion yuan and a turnover rate of 5.46%, resulting in a total market capitalization of 35.857 billion yuan [1] - Changcheng Military Industry, established on November 16, 2000, and listed on August 6, 2018, is primarily engaged in the research, production, and sales management of military and civilian products, with its main business revenue composition being 69.14% from equipment manufacturing, 28.60% from civilian products, and 2.25% from other sources [1] Group 2 - From the perspective of the top ten circulating shareholders of Changcheng Military Industry, Guotai Fund's Guotai Zhongzheng Military Industry ETF (512660) increased its holdings by 645,700 shares in the second quarter, bringing its total holdings to 4.1832 million shares, which accounts for 0.58% of the circulating shares [2] - The Guotai Zhongzheng Military Industry ETF (512660), established on July 26, 2016, has a latest scale of 15.601 billion yuan, with a year-to-date return of 15.38%, ranking 3235 out of 4222 in its category, and a one-year return of 47.56%, ranking 2138 out of 3800 [2] Group 3 - The fund manager of Guotai Zhongzheng Military Industry ETF (512660) is Ai Xiaojun, who has a cumulative tenure of 11 years and 246 days, managing a total fund asset size of 141.859 billion yuan, with the best fund return during his tenure being 220.41% and the worst being -46.54% [3]

Core Viewpoint - The A-share market's bull market does not guarantee profits for all industries, as there is significant divergence in performance among sectors, with some industries outperforming the market while others lag behind [1] Historical Bull Market Analysis - Historical data from the last decade indicates that each bull market's leading sectors are closely aligned with the prevailing development trends of the era [1] - In the 2005-2006 bull market, industries such as non-ferrous metals, non-bank financials, and real estate benefited from urbanization and economic reforms [1] - The 2014-2015 bull market saw a rise in TMT sectors due to the emergence of smart manufacturing and new consumption trends, alongside a stimulus-driven infrastructure boom [1] - Post-2019, sectors like liquor and pharmaceuticals thrived due to consumption upgrades, while the "dual carbon" policy led to a surge in carbon-neutral industries [1][2] Industry Performance in Bull Markets - The analysis of the top 10 performing industries in each bull market reveals that machinery, building materials, and defense industries consistently ranked high, with significant gains even in years they did not make the top 10 [3] ETF Investment Strategies - **Machinery Sector**: The machinery sector, particularly in engineering and robotics, has maintained high performance. The Tianhong CSI Robotics ETF (159770) has a significant scale of over 7 billion, indicating strong market interest [4] - **Defense Industry**: The defense sector has shown consistent high performance across all four major bull markets from 2000 to 2021, with ETFs like Guotai CSI Defense ETF (512660) and Fuguo CSI Defense Leaders ETF (512710) exceeding 10 billion in scale [6] - **Building Materials**: The building materials sector is expected to benefit from increased demand and supply adjustments, with ETFs like Guotai CSI All-Index Building Materials ETF (159745) showing scale advantages [7]