Galaxy Securities: Focus on investment opportunities in commercial aerospace, dual-use technology, and military trade.

Galaxy Securities research report pointed out that investors should focus on investment opportunities in commercial aerospace, dual-use technologies, military trade, and intelligent equipment. In the short term, due to the high certainty of demand growth for domestic commercial aerospace and commercial aviation in the next five years, and both sectors being billion-level markets on the manufacturing side, they are expected to continue to be favored by the market. In the medium term, military trade demand is approaching a major turning point, driving total demand for equipment to rise in both quantity and price, with mainframe and key subsystem manufacturers benefiting significantly. Strong demand for AI on the power generation side is expected to continue to drive the gas turbine industry chain. In the long term, focusing on the important milestone of the 100th anniversary of the founding of the army in 2027, defense spending is expected to maintain a relatively high growth rate of around 7%, coupled with the accelerated iteration of the new generation of main combat equipment and the surge in demand for new combat capabilities, the industry's prosperity is expected to continue.