During the morning session on April 23, the defense sector showed strength against the broader market trend. The core asset of the sector, the Huabao Military ETF (512810), experienced volatile trading but climbed, at one point increasing by 1.82% and reclaiming its 60-day moving average during the session.
Among its component stocks, commercial aerospace and low-altitude economy themes showed localized activity. Anhui Yingliu Electromechanical Co.,Ltd. surged to the daily limit, hitting a new high, while China Satellite Communications Co.,Ltd. rose over 5%. Companies affiliated with AVIC and China State Shipbuilding Corporation also moved higher collectively. AECC Aviation Power Co.,Ltd. gained more than 6%, and China Shipbuilding Industry Group Power Co.,Ltd. touched the daily limit early in the session and is currently up over 7%.
Positive news served as a catalyst. The China National Space Administration recently stated that China's space missions continue to be implemented intensively, including the Tianwen-2 mission, the Shenzhou-23 manned spacecraft, and flight verification tests for multiple types of reusable rockets. According to customs statistics, China exported 930 ships from January to February 2026, with a total value of $10.597 billion, representing a year-on-year increase of 52.8% in value. The Yangtze River Delta region accounted for half of the national export value. Major shipbuilders under the China State Shipbuilding Corporation, such as Jiangnan Shipyard, Hudong-Zhonghua Shipbuilding, and Waigaoqiao Shipbuilding, have order backlogs scheduled until 2030. There is also positive news regarding military trade. According to a Guolian Minsheng Securities research report, several major domestic research institutes began receiving a significant volume of military trade and defense demands starting in March. These orders are characterized by fast placement, urgent delivery, and an overall demand estimated in the tens of billions of US dollars. While the traditional approval process for military projects typically takes six months to a year, this batch may be expedited, with orders expected to be finalized in the near term.
The Huabao Military ETF (512810) aggregates cutting-edge military technologies across "sea, land, air, and space," providing comprehensive exposure to popular themes like commercial aerospace, 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 defense assets.
Data sources include the Shanghai and Shenzhen stock exchanges and public information. Institutional views are sourced from a Guolian Minsheng defense sector report dated April 14, 2026, titled "Military Trade Sector View Update." 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.
Risk提示: The Huabao Military ETF passively tracks the CSI Defense Index, which has a base date of December 31, 2004, and was published on December 26, 2013. The index constituents mentioned are for illustrative purposes only; descriptions of individual stocks are not intended as investment advice in any form and do not represent the holdings or trading动向 of any fund managed by the management company. The composition of the underlying index is adjusted according to its compilation rules. The fund manager assesses the risk rating of the Huabao Military ETF as R3-Medium Risk, suitable for investors with a Balanced (C3) or higher risk profile. Any information appearing in this article is for reference only, and investors are responsible for any independent investment decisions. Furthermore, any views, analysis, or forecasts herein do not constitute investment advice of any kind for readers, and no responsibility is accepted for any direct or indirect losses resulting from the use of this content. Fund investment carries risks; past performance of a fund is not indicative of its future results, and the performance of other funds managed by the fund manager does not guarantee the performance of this fund. Fund investment should be approached with caution.
A MACD golden cross signal has formed, indicating positive momentum for these stocks.
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