On April 13, A-shares closed higher with the defense sector outperforming the broader market. The core defense asset, Huabao Defense ETF (512810), rose 0.9%, marking five consecutive days of gains. It recorded a substantial trading volume of 43.71 million yuan for the day. Premiums appeared frequently during the afternoon session, with a closing premium rate of 0.2%, indicating active buying interest.
Among the constituents of Huabao Defense ETF (512810), 58 stocks advanced while 22 declined. Commercial aerospace concept stocks led the gains. Aerospace Nanhu surged over 10% in the afternoon before closing up 8.66%. Filiale Technology rose 7.67%. AVIC group stocks collectively climbed, with AVIC Shenfei gaining 6.08% and AVIC Chengfei rising 2.96%.
Catalysts are intensifying in the commercial aerospace sector. From April 7 to 11, China completed three satellite launches within five days: the Long March 8 rocket deployed 18 satellites for the Qianfan constellation's seventh batch of network satellites into orbit; the Long March 6A carrier rocket sent 21 low-orbit satellite internet satellites into predetermined orbit; and the Jielong-3 rocket successfully launched a satellite internet technology test satellite.
On April 12, the Long March 10B rocket body arrived at the Wenchang Space Launch Site in Hainan, confirming its maiden flight scheduled for late April. The mission will simultaneously validate the world's first maritime flexible net capture and recovery technology. Additionally, reusable rockets like the Zhuque-3 will undergo intensive testing.
Analysts note that the current core bottleneck in commercial aerospace lies in launch costs and frequency, with reusable rocket technology being key to breakthroughs. Multiple liquid rockets are scheduled for intensive maiden flights and recovery tests in 2026, potentially significantly reducing launch costs and accelerating constellation construction. Following recent sector adjustments,密集的产业催化有望推动估值修复。
Regarding the overall defense sector outlook, Huatai Securities research report indicates that from a medium to long-term perspective, attention should focus on new structures under the new equipment construction cycle. Looking ahead to the "15th Five-Year Plan" period, national defense and military modernization will achieve high-quality advancement, transitioning from quantitative growth to qualitative improvement. During this period, military equipment demand is expected to maintain stable growth with significant structural opportunities emerging. New increments may appear in areas such as new domains and quality, unmanned intelligence and countermeasures, advanced weapons, and low-cost equipment mentioned in the "15th Five-Year Plan" proposal. The report suggests focusing on two main themes: new defense products and new markets.
[Investing in Defense, Choose the "81" Code] Huabao Defense ETF (512810), with the "81" code in its ticker, aggregates cutting-edge defense technologies across "land, sea, air, and space," comprehensively covering popular themes including commercial aerospace, large aircraft, low-altitude economy, and defense AI. It is also eligible for margin trading and Stock Connect programs, serving as 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 Huatai Securities' April 13, 2026 report "Aerospace and Defense Industry Weekly Report (Week 15): Satellite Internet Launch and Network Deployment Expected to Accelerate."
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 warning: Huabao Defense ETF passively tracks the CSI Defense Index, which has a base date of December 31, 2004, and was published on December 26, 2013. Constituent stocks mentioned are for illustrative purposes only; individual stock descriptions do not constitute investment advice in any form nor represent the holdings or trading动向 of any fund managed by the management company. The composition of the underlying index's constituents is adjusted according to its compilation rules. The fund manager assesses the risk rating of Huabao Defense ETF as R3-Medium Risk, suitable for balanced (C3) and higher risk profile investors. Any information appearing herein 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 to readers, and no liability is accepted for any direct or indirect losses arising from the use of this content. Fund investment carries risks; past performance of a fund does not indicate its future performance, and the performance of other funds managed by the fund manager does not guarantee the fund's performance. Invest cautiously in funds.
A MACD golden cross signal has formed, with several stocks showing positive momentum.
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