On February 11, the military sector showed divergent trends. The popular military ETF Huabao (512810), which had risen over 1% in the morning session, turned negative in the afternoon, with frequent intraday premiums indicating active buying interest.
Among constituent stocks, Hailanxin surged 15% before pulling back, currently up over 5%. Multiple leading shipbuilding stocks showed strength, with China Dynamics, which hit the daily limit up yesterday, continuing to rise 4%, reaching a new over five-year high. On the downside, Triangle Defense and Aero Engine Control led the declines, falling 4%.
Recent developments include Hailanxin winning a 458 million yuan contract for a maritime rocket recovery command and measurement vessel project and receiving a first prize for scientific advancement for its "Inland Vessel End-Cloud Integrated Intelligent Navigation System," drawing market attention.
Zheshang Securities' 2026 shipbuilding industry strategy notes that the industry continues to concentrate in China, with new orders accounting for 69% of global totals in 2025, order backlogs representing 67% of worldwide volume, and ship completions making up 57% of global output. Chinese shipbuilding market share is increasingly concentrating among leading enterprises, showing a clear "Matthew Effect," where shipyards with high capacity and advanced technology are likely to benefit first.
Public information shows that the benchmark CSI Military Index tracked by Huabao Military ETF (512810) covers four leading shipbuilding companies including China Shipbuilding, China Dynamics, China Shipbuilding Defense, and China Haiyang, along with two marine equipment leaders Tianhai Defense and Hailanxin.
Regarding overall sector outlook, Huatai Securities believes that during the "15th Five-Year Plan" period, Chinese military equipment demand will maintain stable total volume with significant structural opportunities. New growth areas may emerge in domains mentioned in the 15th Five-Year Plan proposals, including new domains and qualities, unmanned intelligent systems and countermeasures, advanced weapons, and low-cost equipment. The firm recommends focusing on two main themes: new military products and new markets.
Huabao Military ETF (512810), with the code containing "81" (referencing Army Day), covers numerous hot themes including commercial aerospace, low-altitude economy, large aircraft, satellite navigation, military informatization, and controllable nuclear fusion. It serves as both a margin trading and Stock Connect eligible instrument, providing an efficient tool for investing in core military assets.
Note: When subscribing for or redeeming fund shares, subscription/redemption agents may charge commissions up to 0.5%, including relevant fees collected by stock exchanges and registration institutions.
Risk warning: Huabao Military ETF passively tracks the CSI Military Index, which has a base date of December 31, 2004, and was launched on December 26, 2013. Constituent stocks mentioned are for illustrative purposes only, with individual stock descriptions not constituting investment advice of any form nor representing holding information or trading trends of any fund managed by the management company. Index constituents are adjusted according to the index compilation rules. The fund manager assesses Huabao Military ETF's risk level as R3-medium risk, suitable for balanced (C3) and higher risk tolerance investors. Any information appearing herein (including but not limited to stocks, comments, forecasts, charts, indicators, theories, and any form of expression) is for reference only, and investors must take responsibility for any independent investment decisions. Furthermore, any views, analysis, or forecasts herein do not constitute investment advice of any form to readers, nor assume any responsibility for direct or indirect losses resulting from using this content. Fund investment carries risks, past performance does not indicate future returns, and performance of other funds managed by the fund manager does not guarantee this fund's performance. Fund investment requires caution.
MACD golden cross signals have formed, with several stocks showing good upward momentum.