The military sector showed renewed activity on the last trading day before the holiday (April 30). The core military asset, Huabao Military Industry ETF (512810), rose 1.62% on increased volume, achieving a positive close and reclaiming both its 5-day and 10-day moving averages.
Stocks related to military AI and commercial space concepts led the gains. Shanghai HanXing surged 13.81%, while China Great Wall hit its daily limit up, reaching a nearly one-year high. Aerosun Corporation advanced 8.16%. Among core heavyweight constituents, China State Shipbuilding closed up 1.46% on heavy volume after its earnings report, having risen more than 5% intraday.
The market movement unfolded along two main themes: corporate earnings and the commercial space sector.
Regarding earnings, China State Shipbuilding reported strong results in both its annual and quarterly reports. Its first-quarter non-GAAP net profit attributable to the parent company was 4.767 billion yuan, a staggering year-on-year increase of 326.69%, significantly exceeding market expectations. According to the ETF's PCF list, China State Shipbuilding is its largest constituent stock, with a latest weighting of 10.81%.
All 80 constituent stocks of the Huabao Military Industry ETF (512810) have now disclosed their first-quarter reports. Among them, 64 companies reported profits, accounting for 80% of the total. Half achieved year-on-year net profit growth, with 15 stocks posting growth rates exceeding 100%. China Aerospace Times Electronics, Aerospace CH UAV, and Guide Infrared ranked top three with net profit surges of 512%, 427%, and 338%, respectively.
In the commercial space sector, China's commercial space industry is entering a密集验证窗口 for reusable rocket technology. Recently, the national "Commercial Space Standard System (Version 1.0)" was officially released. Overseas, SpaceX's Falcon Heavy rocket successfully relaunched after a year and a half.
Analysis indicates that the commercial space sector is transitioning from a technology verification phase to a period of scaled commercial application. The entire industrial chain, including satellite manufacturing, rocket manufacturing, and ground equipment, is expected to undergo a value reassessment. According to iFinD data, as of the end of the first quarter, commercial space concept stocks covered by the CSI Military Index, which the Huabao Military Industry ETF (512810) tracks, had a combined weight of nearly 77%.
This week, the Huabao Military Industry ETF (512810) closed higher, marking its fifth consecutive weekly gain and showing a significant recovery trend. China Securities (CSC) pointed out that China's military industry has evolved from a model previously reliant on单一需求 to a new development pattern driven by three engines, resulting in more diverse and sustainable growth momentum. The pattern of "domestic demand as the foundation, foreign trade expansion, and civilian applications feeding back" is profoundly reshaping the landscape and boundaries of China's military industry. The sector is shifting from "cyclical growth" to "comprehensive growth."
The Huabao Military Industry ETF (512810), whose code contains the numbers associated with the military, aggregates cutting-edge military technologies across "navy, army, air force, and space." It provides comprehensive exposure to popular themes like "commercial space, large aircraft, low-altitude economy, and military AI." It is also eligible for margin trading and stock connect programs, making it an efficient tool for investing in core military assets.
Data sources include the Shanghai and Shenzhen stock exchanges and public information. Note: When subscribing for or redeeming fund shares, subscription/redemption agents may charge a commission of up to 0.5%, which includes relevant fees charged by stock exchanges and registration institutions.
A MACD golden cross signal has formed, indicating positive momentum for these stocks.