As of 10:00 on December 26, the General Aviation ETF Huabao (159231) demonstrated stable intraday performance, with its on-market price rising 1.42%, poised to challenge a third consecutive day of gains.
Among its constituent stocks, Guanglian Aviation showed the strongest performance, surging 18.1%, followed by Tianyin Electromechanical and Hualichuangtong, which rose 8.77% and 5.76%, respectively. Conversely, Aero Engine Corporation of China, Aerospace Nanhu, and Ailoda exhibited relative weakness, declining 1.69%, 1.58%, and 1.4%.
On the news front, on December 25, 2025, companies in the aviation equipment sector announced continued advancements in core technology R&D for aircraft oxygen systems and onboard environmental control, deepening their supporting applications for aircraft models like the CR929 and C919, and strengthening strategic military-civil fusion layouts. Concurrently, China's space launch activities were intensive, with the Long March rocket setting a new "three launches in one day" record, successfully deploying various types of satellites including for satellite internet and remote sensing communications, accelerating the development of the commercial space industry chain.
Industrial Securities pointed out that the industrialization of commercial space is accelerating, with low-orbit satellite launches speeding up and commercial rocket technology iterating rapidly, indicating massive potential for the industrial chain. Overseas catalysts continue, with SpaceX planning an IPO to raise funds for developing space data centers, enhancing Starship capabilities, and building a lunar base; Rocket Lab secured an $816 million satellite contract, signifying that commercial solutions are disrupting traditional defense satellite construction. Domestically, the Wenchang super factory, with an annual production capacity of 1,000 satellites, is set to begin operations, indicating an imminent inflection point in satellite production capacity.
China Securities (CSC) noted that China's defense industry has evolved from relying solely on domestic demand to a new tripartite driving pattern of "domestic demand as the foundation, foreign trade expansion, and civilian application feedback," shifting the sector from "cyclical growth" to "comprehensive growth." Domestic demand focuses on combat readiness and equipment modernization; military exports are continuously increasing their market share through cost-performance advantages; and the civilian application of military technology is spawning trillion-yuan new industries like commercial space and the low-altitude economy.
The General Aviation ETF Huabao (159231) and its feeder funds (Feeder A: 024766, Feeder C: 024767) passively track the General Aviation Index. The top ten weighted stocks in this index are Wanfeng Auto, Aerospace CH UAV, AVIC Helicopter, Hongdu Aviation, Yingliu Co., Zhuhai CosMX Battery, Hualichuangtong, China Satellite, Western Superconducting, and Zhongke Star图.
Data is sourced from the Shanghai and Shenzhen Stock Exchanges and public materials.
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The MACD golden cross signal has formed; these stocks are performing well with positive gains!
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