今日早盘，前期热度较高的商业航天板块出现回调，但相关产品通用航空ETF（563320）、航空航天 ETF（563380）仍成交活跃，截至早盘收盘，其成交额已分别达前一交易日全天总额的66%和41%。 （数据来源：Wind，截至今日11：30通用航空ETF、航空航天ETF成交额为0.28亿元、1.29亿元， 26/1/23通用航空ETF、航空航天ETF成交额为0.42亿元、3.12亿元） 航空航天ETF（563380）、通用航空（563320）的基金管理人华泰柏瑞基金是国内首批ETF管理人，旗 下除特色卫星仓位ETF外，在宽基、红利类主题指数领域同样积累深厚。旗下"红利全家桶"系列包括红 利ETF（510880）、红利低波ETF（512890）、港股通红利ETF（513530）、央企红利ETF （561580）、港股通红利低波ETF（520890），或是"哑铃策略"中防御端的不错选择。（截至26/1/23） 备注：投资者在申购或赎回基金份额时，申购赎回代理券商可按照不超过0.5%的标准收取佣金，其中 包含证券交易所、登记机构等收取的相关费用。以上摘自产品法律文件，截至26/1/23。二级市场买卖 佣金由所在券商 ...

今日早盘，近期沉寂已久的商业航天板块在利好催化下表现强势，带动相关ETF产品交投活跃度显著提 升。Wind数据显示，航空航天ETF（563380）、通用航空ETF（563320）截至午间收盘，成交额已分别 达2.32亿元和2349万元，分别占前一交易日全天总额的64%和88%，成交额明显走阔。 消息面上，据报道SpaceX计划在2027年推出第二代蜂窝式"星链"卫星通信系统，新一代系统的整体容量 将较第一代卫星网络提升超过100倍，数据吞吐能力提高20倍以上。同时2026年1月，美国联邦通信委员 会已批准SpaceX的申请，允许其再部署7500颗第二代星链卫星。另外，SpaceX的竞争对手蓝色起源于1 月21日宣布，将发射5400多颗卫星，打造全新通信网络，全球互联网服务能力和竞争程度均呈现逐步加 码的态势。 银河证券在研报中指出，我国卫星现有生产配套能力难以满足快速组网需求，低轨卫星布局将遵循"先 专用后商用"的发展路径。资源配置将向卫星研制与生产端倾斜，优先解决"有无"问题。上中游的分系 统及材料端因直接支撑卫星量产，有望率先受益 据悉，航空航天ETF（563380）是目前全市场仅有的跟踪中证全指航空航天 ...

今日早盘，前期热度有所退潮的商业航天板块再度活跃。其中，全市场仅有的跟踪中证全指航空航天指 数的ETF——航空航天ETF（563380）持续吸引资金关注，本周以来（26/1/19-1/21）累计"吸金"2.67亿 元；成交额同步走阔，同期日均成交额升至2.66亿元，较2025年日均成交水平大幅增长964%，推动基 金规模、份额双双升至成立以来（25/10/29）新高，分别达7.50亿元、5.91亿份。（2025年航空航天ETF 日均成交额为0.25亿元。数据来源：Wind、交易所，截至26/1/21） 尽管近期行情存在波动，但市场对其产业趋势的长期共识或依然稳固。中金表示，在建军百年奋斗目标 和国防现代化要求的牵引下，核心装备批产迭代有望稳步推进，内外需求共振下看好航空航天科技行业 长期景气。（数据来源：Wind，截至26/1/21；观点来源：中金公司《重视板块配置机会 聚焦重点环节 核心资产》-26/1/19） 此外，近期多家商业航天产业链公司发布了2025年业绩预增公告，覆盖上游部件、中游制造到下游发射 等多个环节。这在一定程度上反映出，在政策支持与市场需求的双重驱动下，行业或正从研发投入期逐 步进入商业 ...

航空航天ETF（563380）的基金管理人华泰柏瑞基金是国内首批ETF管理人，旗下除特色卫星仓位ETF 外，在宽基、红利类主题指数领域同样积累深厚。旗下"红利全家桶"系列包括红利ETF（510880）、红 利低波ETF（512890）、港股通红利ETF（513530）、央企红利ETF（561580）、港股通红利低波ETF （520890），或是"哑铃策略"中防御端的不错选择。（截至26/1/19） 备注：投资者在申购或赎回基金份额时，申购赎回代理券商可按照不超过0.5%的标准收取佣金，其中 包含证券交易所、登记机构等收取的相关费用。以上摘自产品法律文件，截至26/1/19。二级市场买卖 佣金由所在券商收取标准为准，免收印花税。 风险提示：基金有风险，投资需谨慎。如需购买相关基金产品，请您关注投资者适当性管理相关规定， 提前做好风险测评，并根据您自身的风险承受能力购买与之相匹配的风险等级的基金产品。基金的过往 业绩并不预示其未来表现，基金管理人管理的其他基金的业绩并不构成基金业绩表现的保证。基金投资 需注意投资风险，请仔细阅读基金合同、基金招募说明书和产品资料概要等法律文件，了解基金的具体 情况。港股通红利ET ...

Core Insights - The commercial aerospace sector, which previously experienced high investment sentiment, is currently undergoing a market correction, but positive news is expected to accelerate the industrialization process [1][4] Group 1: Industry Developments - China Aerospace Science and Technology Corporation held its annual work meeting on January 15, 2026, emphasizing the importance of building a strong aerospace nation throughout the year [1][4] - SpaceX's CEO announced on January 15 that the company aims to launch its Starship more than once an hour within three years, with a long-term goal of producing 10,000 Starships annually [1][4] - In 2025, China achieved a record 92 launch missions, significantly increasing from 68 in 2024, indicating a mature development stage characterized by high frequency, normalization, and reliability in launch capabilities [1][4] Group 2: Investment Trends - The Aerospace ETF (563380) has seen significant capital inflow, accumulating 297 million yuan over nine trading days, with six days of increased investment since January 5, 2026 [1][4] - The average daily trading volume of the Aerospace ETF has risen to 138 million yuan in 2026, compared to 25 million yuan for the entire year of 2025 [1][4] - The total fund size of the Aerospace ETF reached 465 million yuan, marking a 173% increase from the end of 2025 [1][4] Group 3: Fund Performance - The General Aviation ETF (563320) has also become more active, with daily trading volumes approaching 100 million yuan on two occasions during the week of January 12-15, 2026 [1][4] - The net inflow for the General Aviation ETF in 2026 has improved compared to a net outflow of 709 million yuan in 2025 [1][4] - The Huatai-PineBridge CSI 300 ETF, managed by Huatai-PineBridge, has a current scale of 410.379 billion yuan and is the only underlying asset for the Shanghai Stock Exchange's CSI 300 ETF options [1][4]

Group 1 - The commercial aerospace sector has maintained high market enthusiasm since 2026, driven by clear top-level design, increased frequency resource applications, decreasing launch costs, and sustained capital interest [1][4][5] - The Aerospace ETF (563380) has seen significant inflows, accumulating 373 million yuan over five consecutive trading days, with fund shares and scale reaching new highs of 437 million shares and 572 million yuan, representing increases of approximately 199% and 236% compared to the end of 2025 [1][5] - The General Aviation ETF (563320) also showed active trading, with a single-day transaction volume of 96 million yuan, marking a new high for the past ten trading days, and a notable improvement in net inflows compared to the entire year of 2025 [1][6] Group 2 - On January 10, 2026, China submitted an application to the ITU for frequency and orbital resources for an additional 203,000 satellites, covering 14 satellite constellations, marking a significant increase from the previous application of 28,000 satellites, indicating a strategic shift towards large-scale investment in low-orbit satellite internet [1][6] - According to GF Securities, the new satellite applications are expected to create a trillion-yuan market space for commercial aerospace, benefiting the satellite manufacturing and rocket capacity segments if the launch plans are successfully executed [2][6] - The management company of the Aerospace ETF and General Aviation ETF, Huatai-PB Fund, is one of the first ETF managers in China, with its flagship product, the Huatai-PB CSI 300 ETF, reaching a scale of 434.213 billion yuan and announcing a cash dividend of 1.23 yuan per 10 fund shares, potentially setting a record for single dividend payouts in domestic ETFs [2][6]

Group 1 - The commercial aerospace sector experienced an overall pullback in early trading, but showed signs of recovery supported by policies and industry developments [1] - The "14th Five-Year Plan" has elevated "building a strong aerospace nation" as a national priority, with the establishment of a Commercial Aerospace Department by the National Space Administration marking a new phase for the sector [1] - Recent applications for commercial aerospace frequency resources have surged, indicating strong market interest in satellite internet and other future opportunities, which may provide long-term momentum for the industry [1] Group 2 - The Aerospace ETF (563380), the first ETF tracking the CSI Aerospace Index, has seen significant capital inflow, accumulating 298 million yuan over four trading days, with a record single-day inflow of 247 million yuan [1] - As of January 12, 2026, the Aerospace ETF's total assets have surpassed 530 million yuan, reflecting a 212% increase since the beginning of the year [1] - The General Aviation ETF (563320) has also gained popularity, reversing from net outflows to net inflows, accumulating 13 million yuan in recent days, exceeding the total inflow for the entire year of 2025 [2] Group 3 - Guohai Securities anticipates accelerated development in new fields such as commercial aerospace, high-end unmanned systems, and advanced materials, supported by national policy [2] - The management company of both ETFs, Huatai-PB Fund, is one of the first ETF managers in China, with its flagship product, the Huatai-PB CSI 300 ETF, having a scale of 438.48 billion yuan as of January 9, 2026 [2] - The Huatai-PB CSI 300 ETF is the only underlying asset for the Shanghai Stock Exchange's CSI 300 ETF options and is set to distribute a cash dividend of 1.23 yuan per 10 fund shares, totaling nearly 11 billion yuan, potentially setting a record for single dividend payouts in domestic ETFs [2]

Group 1 - The military industry sector has seen a significant increase in attention due to the combined effects of policy and technology, with external military budget trends and domestic modernization goals driving interest [1] - The Aerospace ETF (563380) has experienced a notable inflow of funds, accumulating 180 million yuan this year, surpassing its total net inflow for 2025, with a record single-day net inflow of 109 million yuan on January 9, 2026 [1] - The latest scale of the Aerospace ETF has reached 378 million yuan, marking a historical high after continuous positive growth this year [1] Group 2 - Huatai-PineBridge Fund, the manager of the Aerospace ETF, is one of the first ETF managers in China, with its Huatai-PineBridge CSI 300 ETF (510300) reaching a scale of 437.35 billion yuan as of January 9, 2026 [2] - The Huatai-PineBridge CSI 300 ETF will implement a cash dividend of 1.23 yuan per 10 fund shares, with a total dividend amount expected to approach 11 billion yuan, potentially setting a new record for single cash dividends in domestic ETFs [2]