截至2026年2月26日 10:11，航空航天ETF天弘(159241)盘中换手3.96%，位居同标的第一，成交3948.57万元。跟踪的国证航天航空行业指数(CN5082)盘 中"V"型反转，上涨0.16%，成分股钢研高纳上涨8.32%，迈信林上涨6.92%，长盈通上涨5.22%，上海瀚讯上涨2.38%，三角防务上涨2.07%。 截至2月25日，航空航天ETF天弘(159241)最新规模达10.03亿元，创成立以来新高。 资金流入方面，航空航天ETF天弘(159241)最新资金净流入152.20万元。拉长时间看，近17个交易日内有10日资金净流入，合计"吸金"1.47亿元。 【产品亮点】 航空航天ETF天弘(159241)跟踪的国证航天指数精准覆盖了空天产业链。其中，航空装备与航天装备的权重合计超过68%，是全市场"含航量"最高的军工 指数。其前十大重仓股包括航发动力、中航沈飞、中航成飞等央企龙头企业，既具备核心资产的稳定性，又拥有中小市值的成长弹性。 【热点事件】 行业公开数据显示，重复使用火箭可将发射成本降低80%以上，破解商业航天规模化发展的核心瓶颈。中商产业研究院数据显示，我国商业航天行业产 值20 ...

Core Viewpoint - The aerospace ETF Tianhong (159241) has shown significant growth, with a recent increase in scale and a notable inflow of funds, indicating strong investor interest in the aerospace sector [1] Product Highlights - The aerospace ETF Tianhong (159241) tracks the National Aerospace Industry Index, which has a military attribute of 97.86%, making it the highest military content index in the market. The aerospace equipment weight is 66.8%, surpassing other military indices [1] Market Events - Tianbing Technology announced that its satellite launch technology facility has passed pre-acceptance review, marking a significant milestone in China's commercial aerospace sector. This facility is expected to enhance launch efficiency by 100% and reduce network costs by over 30%, enabling more than 60 high-frequency launches annually [1] Institutional Perspectives - Guojin Securities noted that the global commercial aerospace industry is gaining momentum, with several medium to large rockets expected to launch in China by 2026, leading to a surge in satellite networking by 2027 [2] - Zhongjin Company highlighted that the increasing priority of global security demands supports the long-term prosperity of the aerospace technology industry. The acceleration of mobile direct satellite (NTN) technology commercialization, including Apple's plans to integrate Starlink into the iPhone 18 Pro, is expected to expand the aerospace industry's application boundaries and market size [2]

配置航空航天ETF天弘（159241）能够高效捕捉主题投资机会。该ETF的样本公司与低空经济、大飞 机、卫星互联网、太空光伏等热门主题高度契合，成分股深度参与商业航天等新兴领域，受益于政策与 市场的双重推动。 进入2026年，多家商业航天企业的"上市进度条"迎来更新，火箭领域的蓝箭航天、中科宇航、天兵科 技、星河动力、星际荣耀，以及卫星领域的屹信航天、微纳星空均在近期更新相关信息。其中，蓝箭航 天进入问询阶段，中科宇航上市辅导工作已完成。业内人士预测，商业航天企业或将在今明两年密集挂 牌上市。 盘面上，两市低开后走势分化，呈现沪强深弱的格局，航空航天概念上涨。相关ETF方面，航空航天 ETF天弘（159241）标的指数盘中涨2.20%，成交额达6956.88万元。成分股中，航天发展、三角防务涨 超5%，海兰信、长盈通、航发控制等多股跟涨。 中泰证券指出，政治局集体学习明确前瞻布局未来产业，商业航天政治定位达到新高度，政策持续加码 将推动航天强国建设，低空经济、卫星互联网等方向获重点支持。 航空航天ETF天弘（159241）最近20个交易日累计获资金净流入3.86亿元，盘中净申购700万份同标的 第一。截至20 ...

消息面上，据新浪财经报道，中国航天科技集团今日发布商业航天升级规划，明确将加速发展可复用火 箭与卫星星座能力，并拓展低轨互联网、车联网等多元应用场景。 盘面上，两市窄幅震荡，航空航天概念小幅下跌。相关ETF方面，航空航天ETF天弘（159241）标的指 数盘中跌0.31%，成交额达8328.55万元。成分股中，长盈通、振芯科技、航发动力等多股跟跌。 值得关注的是，Wind显示，航空航天ETF天弘（159241）近5个交易日（2026年01月22日～2026年01月 28日）实现连续"吸金"，航空航天ETF天弘（159241）最近20个交易日累计获资金净流入2.85亿元。截 至2026年01月28日，该基金最新规模为9.48亿元。 航空航天ETF天弘（159241）布局商业航天主题投资机会。该ETF成分股覆盖航空装备、航天装备等细 分领域，涉及卫星互联网、太空光伏、大飞机、低空经济等前沿科技方向，有望受益于政策与市场的双 重推动。 东北证券指出，商业航天被纳入国家政策重点，2025年上半年全球商业发射占比超70%，国内发射量同 比增长40%，产业链将受益于卫星网络建设与高端零部件需求扩张。 （文章来源：每日经济 ...

Group 1 - Aerospace and aviation concept stocks experienced significant declines in early trading, with Aerospace Electronics down over 8%, AVIC High-Tech down over 6%, and AVIC Heavy Machinery down over 5% [1] - Several aerospace-related ETFs also fell by more than 8%, reflecting the overall market trend [1] Group 2 - Specific ETFs reported the following price changes: Aerospace ETF (1.327, -8.67%), High-end Equipment ETF (1.222, -8.46%), Aerospace Aviation ETF (1.585, -8.28%), and others showing similar declines [2] - Analysts believe that recent improvements in top-level design and new policy support in the commercial aerospace sector have clarified the development blueprint for the industry, enhancing market confidence in its long-term growth [2] - With decreasing launch costs and increased in-orbit computing power, the future of space computing is expected to create a "more launches, more savings" scenario, potentially leading to a transformative industrial change with scalable commercial value [2]

Core Viewpoint - The A-share market showed a collective rise in the morning session, with significant trading volume and various sectors experiencing notable performance, particularly in AI applications, military equipment, and commercial aerospace [1] Market Performance - The three major A-share indices rose, with the Shanghai Composite Index increasing by 0.3%, briefly surpassing 4100 points, while the Shenzhen Component Index rose by 0.57% and the ChiNext Index by 0.1% [1] - The total trading volume in the Shanghai and Shenzhen markets reached 20,819 billion yuan, an increase of 3,004 billion yuan compared to the previous day [1] - Over 2,300 stocks in the market experienced gains [1] Sector Performance - Leading sectors included AI applications, military equipment, commercial aerospace, smart healthcare, oil and gas extraction and services, computing power leasing, retail, minor metals, cross-border payments, and controllable nuclear fusion [1] - Underperforming sectors included banking, glyphosate, airport and shipping, brain-computer interfaces, cement, and agriculture [1] ETF Performance - The rare earth sector saw strong gains, with the E Fund Rare Earth ETF and the Jiashi Rare Earth ETF rising by 3.57% and 3.54%, respectively [1] - The commercial aerospace sector continued to thrive, with the Tianhong Aerospace ETF and the Penghua Satellite ETF increasing by 3.54% and 3.43%, respectively [1] - The AI application sector also performed well, with the GF Fund Media ETF rising by 3.39% [1] - The semiconductor sector experienced a pullback, with the Sci-Tech Semiconductor ETF, Semiconductor Materials ETF, and Sci-Tech Semiconductor ETF from Penghua declining by 1.83%, 1.79%, and 1.77%, respectively [1] - Overnight, U.S. tech stocks fell, with the Nasdaq Biotechnology ETF and S&P Biotechnology ETF both dropping by 1% [1]

Group 1 - The A-share market saw a strong performance in the aerospace sector, with notable gains in stocks such as Aerospace Development rising over 9%, China Satellite and Guobo Electronics over 8%, and AVIC Heavy Machinery over 7% [1] - The Tianhong Aerospace ETF (159241) tracked the aerospace industry index, which opened low but rose approximately 2%, reaching a new high in this market cycle [1] - The Shanghai Stock Exchange recently issued guidelines to encourage commercial rocket enterprises to innovate in key technologies, aiming to enhance the inclusiveness and adaptability of the regulatory framework to support the development of the commercial aerospace sector [1] Group 2 - The Tianhong Aerospace ETF (159241) focuses on aerospace equipment, domestic large aircraft, low-altitude economy, and military information technology, with 99% of its index constituents belonging to the defense and military industry, indicating a higher purity and investment value compared to other military indices [2]

Core Insights - Aerospace ETF Tianhong (159241) has reached a new high in trading price for three consecutive days, with a turnover rate of 15.98% and a transaction volume of 100 million yuan, indicating active market trading [1] - The CN5082 index tracking the aerospace industry has risen by 1.44%, with significant gains in constituent stocks such as Aerospace Development (000547) up 10.01%, China Satellite (600118) up 10.00%, and Aerospace Technology (688239) up 8.42% [1] - As of December 29, the latest scale of Aerospace ETF Tianhong (159241) has reached 624 million yuan, marking a new high since its establishment [1] Product Highlights - The capital market is expected to maintain high activity levels, with explosive growth in revenue and net profit for the aerospace industry in Q3, indicating increased industry prosperity [1] - Investors are advised to focus on Aerospace ETF Tianhong (159241) to seize investment opportunities in the aerospace sector [1] Hot Events - On December 26, the Shanghai Stock Exchange released guidelines for the fifth set of listing standards for commercial rocket enterprises on the Sci-Tech Innovation Board, effective immediately [2] - The guidelines specify that "successful launch of payload into orbit" is a core requirement for commercial rocket companies seeking to list, providing clear review criteria for several companies aiming for an IPO [2] Institutional Views - CITIC Securities believes that the release of the listing standards for commercial rocket enterprises marks the formal opening of the capital market channel for these companies, with clear standards set [3] - Emphasis on "undertaking national tasks, participating in national engineering projects," and "reusable technology" is expected to accelerate the IPO process for leading private commercial rocket companies [3] - The industrialization of commercial rockets, as the "transportation base" of commercial space, will directly drive demand in satellite manufacturing, ground equipment, and space applications [3]

Group 1 - Aerospace and defense stocks have strengthened, with China Satellite rising over 7%, and Aviation Power and Aerospace Electronics increasing by over 3% [1] - Related aerospace and defense ETFs have seen an approximate increase of 2% [1] Group 2 - Specific ETF performance includes: - Aerospace ETF (code: 159208) at 1.270, up 0.026 (2.09%) - Aerospace ETF Tianhong (code: 159241) at 1.267, up 0.026 (2.10%) - Aerospace ETF (code: 159227) at 1.244, up 0.024 (1.97%) - Aerospace ETF (code: 159267) at 1.065, up 0.020 (1.91%) [2] - Brokerages indicate that China's military enterprises have demonstrated technological advantages in areas such as drones and fighter jets, becoming a major growth driver in military trade, with the aerospace sector being a core beneficiary [2]

Core Viewpoint - The aerospace ETF Tianhong (159241) has seen significant trading activity and growth, with a recent increase in scale reaching 606 million yuan, marking a new high since its inception [1][2]. Group 1: Market Performance - As of December 16, 2025, the aerospace ETF Tianhong (159241) had a turnover of 8.58% and a transaction volume of 50.78 million yuan, while the tracked CN5082 aerospace industry index fell by 2.36% [1]. - Over the past week, the aerospace ETF Tianhong (159241) experienced a substantial increase of 64 million shares, indicating strong demand [1]. Group 2: Fund Flows - In the last five trading days, the aerospace ETF Tianhong (159241) recorded net inflows of 75.25 million yuan on three occasions, reflecting positive investor sentiment [2]. Group 3: Industry Highlights - The aerospace industry has shown explosive growth in revenue and net profit in the third quarter, indicating a heightened level of industry prosperity [2]. - The Civil Aviation Administration of China is seeking public opinion on two types of airworthiness standards for limited-use unmanned aerial systems and powered aircraft, which may impact industry regulations [2]. Group 4: Institutional Insights - Open Source Securities emphasizes the importance of the recent establishment of a commercial space administration and the introduction of a three-year development plan for commercial space, highlighting the full-chain ecosystem in China's commercial space sector [2].