Group 1 - The China Defense Index (399973) has increased by 0.97% as of July 11, 2025, with notable gains from stocks such as Hongyuan Electronics (603267) up 4.62% and Beifang Navigation (600435) up 4.27% [1] - The Defense ETF (512670) has risen by 0.91%, with the latest price at 0.78 yuan, and has seen a trading volume of 1.72 billion yuan [1] - The Defense ETF has achieved a new high in scale, reaching 6.493 billion yuan, and has experienced continuous net inflows totaling 9.47 billion yuan over the past week [1] Group 2 - The Defense ETF closely tracks the China Defense Index, which includes listed companies under the top ten military groups and those providing equipment to the armed forces [2] - As of June 30, 2025, the top ten weighted stocks in the China Defense Index account for 43.29% of the index, with notable companies including AVIC Shenyang Aircraft (600760) and AVIC Engine (600893) [2] - The management and custody fees for the Defense ETF are the lowest among its peers at only 0.40% [2]

Group 1 - The China Defense Index (399973) has seen an increase of 0.43% as of July 8, 2025, with notable gains from stocks such as Feiliwa (300395) up 4.87% and Yingliu Co. (603308) up 3.39% [1] - The Defense ETF (512670) has also risen by 0.65%, reaching a latest price of 0.77 yuan, and has experienced continuous net inflows over the past four days, totaling 430 million yuan [1] - The current scale of the Defense ETF has reached 5.99 billion yuan, marking a new high in nearly a year [1] Group 2 - The commercial rocket sector has recently reported positive developments, including successful test flights and advancements in various rocket technologies from companies like Beijing Arrow Yuan Technology and Blue Arrow Aerospace [2] - The military industry is expected to see a turning point in orders as the "Centenary of the Army Building Goals" approaches its second half, with new technologies and products anticipated to create new market opportunities [2] - Companies are advised to focus on aerospace themes and new technologies that promise greater elasticity in the market [2] Group 3 - The Defense ETF closely tracks the China Defense Index, which includes listed companies under the top ten military groups and those providing weaponry to the armed forces, reflecting the overall performance of defense industry stocks [3] - As of June 30, 2025, the top ten weighted stocks in the China Defense Index account for 43.29% of the index, with significant players including AVIC Shenyang Aircraft (600760) and AVIC Aviation Power (600893) [3] - The management and custody fees for the Defense ETF are the lowest among its peers at only 0.40% [3]

按一下此處編輯母版標題樣式 文件名 产品及投资方案部 ｜2025年6月30日 每周投资策略 中信証券財富管理 (香港) CITIC Securities Wealth Management (HK) 投资策略 每周投资策略 上周环球 大类资产表现 (1) 欧元区焦点 欧央行似乎对通胀现状 比较满意 股票 "重新武装欧洲" 受益行业； 莱茵金属；空中客车 ETF 精选STOXX 欧洲 航空航天与国防ETF (2) 印度市场焦点 仍有降息空间 股票 股市估值仍然偏高； DLF；Eternal (3) 泰国市场焦点 政局动荡困扰 经济复苏进程 股票 压力显著； CP All；MINT 资料来源：中信证券财富管理 (香港) 1 本周主要地区 经济数据公布日程 上周环球 股市表现 以伊局势缓和，加上憧憬贸易谈判取得进展，环球股市普涨 | 环球主要股票市场表现 | | | | --- | --- | --- | | 资料来源：彭博、中信证券财富管理 | (香港) | 注：截至2025年6月27日 | 上周环球 债市表现 美联储官员言论分化，年内降息预期升高 | | | | | 上周环球债市表现 | | | | | | | ...

Market Overview - On June 30, A-shares saw all three major indices rise, with the Shanghai Composite Index up by 0.59%, the Shenzhen Component Index up by 0.83%, and the ChiNext Index up by 1.35% [1] - The STAR Market Composite Index led the gains with an increase of 1.70% [2] - Over 4,000 stocks in the market experienced an increase [1] Hong Kong Market - On the same day, major indices in the Hong Kong stock market collectively declined, with the Hang Seng Technology Index down by 0.72% [4] - The Hang Seng Index fell by 0.87% [5] Sector Performance - The defense and military sector saw the highest gains, with an increase of 4.35%, followed by media at 2.82% and telecommunications at 1.90% [7] - In contrast, non-bank financials decreased by 0.77%, banks by 0.34%, and transportation by 0.09% [7] Industry Highlights Solid-State Battery Technology - A pilot project for all-solid-state battery electric bicycles was launched in Beijing, marking a significant step towards the commercialization of solid-state battery products [8] - Century Securities reported that the solid-state battery industry is progressing towards commercialization, with a recent announcement from a U.S. company indicating a 25-fold increase in heat treatment speed, leading to a 76.67% increase in stock prices over two days [8] Defense and Military Sector - There has been a significant inflow of capital into the defense and military sector, with the Defense ETF rising by 4.88% [9] - Northeast Securities highlighted the long-term growth certainty of the defense and military sector, noting that the industry is expected to recover as demand increases and structural capacity improves [9]

今日早盘主力资金净流入国防军工、电子、计算机等板块，净流出证券、银行、非银金融等板块，其中 国防军工板块净流入超120亿元。个股方面，中际旭创上涨，主力资金净买入9.23亿元位居首位，寒武 纪-U、中航成飞、宇信科技获主力资金净流入居前；维科技术遭净卖出超3亿元，平安银行、天风证 券、好上好主力资金净流出额居前。 截至06月30日13:04，国防ETF（512670.SH）上涨4.09%，连续突破关键阻力位，主要成分股中，中航 沈飞上涨5.85%，航发动力上涨5.17%，中航成飞上涨7.10%，中兵红箭上涨10.00%，航天电子上涨 5.94%。 展望后市，东北证券指出：国防军工板块具备长期成长确定性。2023年以来，军工行业基本面受到人事 调整等因素影响，订单延后，行业景气度下滑。而在当下时点，"十四五"计划进入最后一年，军工行业 扰动因素已基本消除，下游需求呈恢复性增长，同时2027年建设目标迫在眉睫，中长期目标也对行业发 展提供明确指引：2035年基本实现国防和军队现代化，2050年把人民军队全面建成世界一流军队。伴随 需求恢复，产能结构逐步优化，国防军工板块有望得到大幅改善，安全边际高，具备长期成长确 ...

打包市场龙头，抢反弹就买指数ETF>> A股三大指数早盘集体上涨，截至午盘，沪指涨0.2%，深成指涨0.54%，创业板指涨0.93%，北证50指数 跌0.1%。全市场半日成交额9326亿元，较上日缩量811亿元。全市场超3500只个股上涨。 ETF方面，游戏ETF(159869)领涨6.52%，游戏ETF(516010)涨6.32%，游戏ETF华泰柏瑞(516770)涨 5.99%。 | < | ETF | | | Q | | --- | --- | --- | --- | --- | | ETF排行榜 | | | 榜单筛选 | | | 涨幅 涨速 | 成交额 | 溢价率 | 5日涨幅 | | | ()相同跟踪指数 ETF仅显示1只 O | | | | | | 名称代码 | 最新 | 涨幅÷ | | 涨速 | | 游戏 ETF | 1.290 | 6.52% | | 0.23% | | 698691 ■ | | | | | | 游戏 ETF | 1.279 | 6.32% | | 0.16% | | ■ 516010 | | | | | | 游戏 ETF 华泰柏瑞 | 1.327 | 5.99% | | 0. ...

2.阅兵消息官宣，主战装备+新型作战力量将参阅。国新办6月24日上午举行新闻发布会。9月3日上午， 北京天安门广场将举行纪念中国人民抗战暨世界反法西斯胜利80周年大会，包括检阅部队。这次阅兵， 由徒步方队、装备方队和空中梯队组成。这次阅兵，既有传统主战力量展示，又有新域新质力量参阅。 这次参阅的所有装备均为国产现役主战装备，在展示新一代传统武器装备的基础上，也安排部分无人智 能、水下作战、网电攻防、高超声速等新型作战力量参阅，体现我军适应科技发展的强大能力。 军工股开盘继续活跃，晨曦航空、恒宇信通涨超10%，长城军工、利君股份涨超5%，航发动力、光电 股份、天秦装备、中航沈飞、中船应急、中兵红箭等跟涨。截至06月30日09:55，国防ETF （512670.SH）上涨3.17%。 3. 深海科技政策近期频发，关注相关投资机会。6月26日，广东省召开全省海洋经济工作会议。6月25 日，上海市海洋局公开征求《上海市海洋产业发展规划2025-2035)》意见。以UUV等特种装备为代表的 深海科技具备较大发展空间，顶层规划支持下深海科技等新兴领域有望加速发展。 逻辑来看主要有3点： 整体来看，2025-2027年在【 ...

消息面上，近日，全球首颗高轨商业中继卫星项目在深圳罗湖启动，据当地负责人介绍，罗湖选择空天 产业作为产业转型升级的突破口之一，通过'链主企业+配套企业'模式，已集聚卫星通信、遥感应用、 飞行器制造等领域企业超50家，形成覆盖产业链上下游的创新生态体系。 市场普遍关注订单拐点与短期估值修复，中国银河证券认为，军贸的"名片效应"带来的长尾效应被低 估；新质生产力军事转化加速助力新质战斗力提升；当前国际局势下，供应链安全的战略溢价将被重 估。2025H2聚焦国产化、军贸、新质新域三大主线，业绩兑现期渐近。 截至2025年6月25日 10:42，中证国防指数(399973)强势上涨3.13%，成分股中兵红箭(000519)上涨 10.02%，北方导航(600435)上涨9.99%，菲利华(300395)上涨7.79%，中航西飞(000768)，航天彩虹 (002389)等个股跟涨。国防ETF(512670)上涨3.18%， 最新价报0.75元，涨幅位列国防军工类ETF第一。 规模方面，国防ETF最新规模达54.62亿元，创近1年新高。 资金流入方面，国防ETF最新资金净流入143.99万元。拉长时间看，近5个交易日内 ...

一、市场行情回顾 06月23日，A股三大股指全线上涨。其中，上证指数收涨0.65%，深证成指收涨0.43%，创业板指收涨0.39%，全市场超4000只个股上涨。主流宽基指数中， 北证50上涨1.54%，涨幅相对居前。 | 证券名称 | 日涨跌幅 | | --- | --- | | 北证50 | 1.54% | | 中证1000 | 1.31% | | 科创100 | 1.22% | | 科创综指 | 1.12% | | 上证指数 | 0.65% | | 中证500 | 0.61% | | 深证成指 | 0.43% | | 创业板指 | 0.39% | | 科创20 | 0.38% | | 创业板50 | 0.32% | | 沪深300 | 0.29% | | 中证A50 | 0.10% | | 数据来源： Wind，日期截至2025-06-23 | | 沪深两市成交额为11226亿元人民币，相较上个交易日小幅增量。 6月23日，港股主流指数集体收涨。其中，恒生科技指数上涨1.05%，涨幅相对居前。 | 证券名称 | 日涨跌幅 | | --- | --- | | 恒生科技指数 | 1.05% | | 恒生中国央 ...

Group 1 - The China Defense ETF (512670) has reached a new high in scale at 5.293 billion yuan, marking a significant increase in the past year [2] - The China Defense Index (399973) has seen a recent decline of 1.37%, with mixed performance among constituent stocks, including a 3.54% increase in Triangular Defense (300775) [1][2] - The ETF has a low management and custody fee of only 0.40%, making it the lowest among 13 similar ETFs tracking the defense and aerospace sectors [3] Group 2 - The recent successful test of the Dream Boat manned spacecraft's zero-height escape flight on June 17 represents a major breakthrough in China's manned lunar exploration program [2] - East Wu Securities highlights the CJ-1000A domestic commercial aircraft engine as a key investment opportunity, focusing on technological breakthroughs and domestic substitution [2] - The top ten weighted stocks in the China Defense Index account for 44.58% of the index, with major companies including AVIC Shenyang Aircraft (600760) and AVIC Optoelectronics (002179) [3]