The aerospace and defense sector experienced a strong rally on July 27, with Hangtian Nanhu surging over 7%, Huaili Chuangtong gaining more than 6%, and Yingbo'er rising over 5%. The Hua Bao General Aviation ETF (159231), which offers a single-ticket investment in commercial aerospace, satellite navigation, low-altitude economy, and large aircraft, saw its intraday price jump 2.37%.

On the news front, at 7:33 AM on July 24, the Zhongke Yuhang Lijian-1 Y15 carrier rocket successfully launched from the Dongfeng Commercial Aerospace Innovation Experimental Zone. During a five-satellite mission, the Jitianxing A-04 satellite, carrying a domestic GPU computing payload, smoothly entered its intended orbit, marking the concrete realization of computing satellites.

Huatai Securities noted that the commercial aerospace sector has seen a notable correction since mid-July, which could present investment opportunities. From an industrial progress perspective, the commercial aerospace sector continues to achieve technological breakthroughs: On July 25, 2026, SpaceX completed its 13th Starship flight test. Its Super Heavy booster, B20, successfully executed a return maneuver with all 33 Raptor V3 engines igniting for the first time. It also successfully deployed 20 Starlink V3 satellites and completed an in-orbit ignition test. After the vehicle splashed down at sea, the main structure remained intact and data links continued operating. Separately, on July 25, 2026, Xinghe Dongli updated its IPO advisory report while disclosing its multi-type rocket launch plans. Overall, the commercial aerospace industry remains highly active. Progress continues in China's reusable rocket and satellite internet construction. Against the backdrop of a recent significant sector pullback, the investment value of some core targets has become more apparent, suggesting investors should watch for related opportunities.

The wings of a great nation are spreading wide! The Hua Bao General Aviation ETF (159231) and its linked funds (Class A: 024766; Class C: 024767) track an underlying index that comprehensively covers 50 aerospace and defense stocks. This includes popular areas such as the low-altitude economy, commercial aerospace, satellite navigation, large aircraft, drones, and military aircraft. The index features over 90% exposure to the low-altitude economy concept, over 60% exposure to commercial aerospace, and over 45% exposure to satellite navigation. It is a vital tool for one-stop allocation in China's aerospace and defense supply chain.

Market fluctuations can be significant in the near term. Short-term price movements do not predict future performance, and fund investments may incur losses. Investors must make rational decisions based on their own capital situation and risk tolerance, paying close attention to position sizing and risk management.

Data sources: Shenzhen Stock Exchange, Shanghai Stock Exchange, iFind. Related concepts are 886067.TI (Low-Altitude Economy), 886078.TI (Commercial Aerospace), and 885574.TI (Satellite Navigation). The concept exposure is the total weight of stocks common to both the General Aviation Index and the respective concept indices, as of June 30, 2026.

Fund fee description: The General Aviation ETF does not charge a sales service fee. Subscription and redemption agents may charge a commission of up to 0.5%. On-exchange trading fees are subject to actual charges by the securities company. For the Hua Bao General Aviation ETF Linked Fund Class A, the subscription fee is 1,000 yuan per transaction for amounts over 2 million yuan, 0.6% for amounts between 1-2 million yuan, and 1% for amounts under 1 million yuan. The redemption fee is 1.5% for holdings under 7 days and 0% for holdings over 7 days. No sales service fee is charged. For the Hua Bao General Aviation ETF Linked Fund Class C, the redemption fee is 1.5% for holdings under 7 days and 0% for holdings over 7 days, with an annual sales service fee of 0.25%.

Institutional reference viewpoint source: Huatai Securities, July 27, 2026, "Focusing on Investment Opportunities from the Correction in the Commercial Aerospace Sector."

Risk warning: The Hua Bao General Aviation ETF passively tracks the Guozheng General Aviation Industry Index. The index base date is June 29, 2012, and its release date is December 28, 2012. The index's constituent stocks are adjusted according to the index compilation rules. The index's backtested historical performance does not predict future performance. The constituent stocks shown in this article are for display purposes only. Descriptions of individual stocks do not constitute any form of investment advice, nor do they represent the holdings or trading activities of any fund under the management company. The risk rating of this fund assessed by the fund manager is R3-Medium Risk, suitable for investors with a balanced (C3) or higher risk profile. The suitability matching opinion is subject to the sales institution. Any information appearing in this article (including but not limited to individual stocks, comments, forecasts, charts, indicators, theories, and any form of expression) is for reference only. Investors must be responsible for their own investment decisions. Furthermore, any views, analyses, or forecasts in this article do not constitute any form of investment advice to readers, nor are they responsible for any direct or indirect losses arising from the use of this article's content. Fund investment involves risks. Past performance of a fund does not represent its future performance. The performance of other funds managed by the fund manager does not constitute a guarantee of this fund's performance. Investing in funds must be done with caution.

A MACD golden cross signal has formed, and these stocks are showing good upward momentum!

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Editor: Chang Fuqiang