中东局势升级，ai 赋能网电攻防、防空反 导装备实战效果超预期 核心观点 事件：2 月 28 日，美国和以色列对伊朗展开重大作战行动。作为"十二日战争"的延 续，特朗普将美国对伊朗的军事行动描述为"规模庞大且持续进行"。此次袭击要摧毁 伊朗的导弹工业，消灭伊朗海军，并确保伊朗不能获得核武器。 本次冲突中 AI 赋能的网电攻防实战效果超预期，但面对伊朗无人机和导弹"饱和式打 击"，防空系统的短板也有暴露。网电攻防和防空反导装备建设预期有望提升： 网电攻防相关标的：拓尔思(300229，未评级)、华如科技(301302，未评级)、中科星图 (688568，未评级)、七一二(603712，未评级)等； 投资建议与投资标的 防空反导相关标的：锐科激光(300747，未评级)、航天南湖(688552，未评级)、长盈通 (688143，未评级)、新光光电(688011，增持) 风险提示 订单和确收不及预期；产业化进度不及预期等 国防军工行业 行业研究 | 动态跟踪 国家/地区 中国 行业 国防军工行业 报告发布日期 2026 年 03 月 01 日 看好（维持） | 罗楠 | 执业证书编号：S0860518100001 ...

Event Summary - The event on September 3 marks the 80th anniversary of the victory in the Chinese People's War of Resistance Against Japanese Aggression and the World Anti-Fascist War, featuring a military parade in Tiananmen Square attended by 26 foreign leaders, including Russian President Putin and North Korean leader Kim Jong-un [2][8]. Key Insights - The military parade significantly enhances China's status as a major power and conveys messages of peace and responsibility, showcasing modern military capabilities and new technologies such as hypersonic weapons and unmanned systems, which reflect the progress in national defense modernization [9][10]. - The event is expected to boost investor confidence and elevate the valuation levels in the stock market, reinforcing the narrative that the stock market reflects national fortunes, particularly during a period of moderate recovery in corporate earnings [9][10]. - The parade serves as a catalyst for investment opportunities in sectors such as military and technology, aligning with the "14th Five-Year Plan" that emphasizes technological advancement and innovation [10][12]. - The event reinforces economic stability and resilience by instilling confidence in both enterprises and consumers, potentially increasing consumption and investment, while also supporting foreign trade and high-end manufacturing through enhanced international cooperation [10][12]. Investment Recommendations - The report suggests a short-term boost in market sentiment and capital inflow due to the parade, with a long-term upward shift in A-share valuations driven by the "new quality productivity" strategy [13][15]. - Recommended investment directions include military, technology, and dividend stocks, focusing on high-end equipment manufacturing, artificial intelligence, and long-term investment in state-owned enterprises and public utilities [15].