Event: President Xi attended the plenary meeting of the delegation of the People's Liberation Army and the People's Armed Police Force on the 7th and delivered an important speech. The

successful conclusion of the "14th Five-Year Plan" is of great significance, and it is necessary to strengthen confidence, face challenges head-on, and complete the set goals and tasks as scheduled. In his speech, President Xi stressed that the successful conclusion of the 14th Five-Year Plan for the construction of our army is of great significance to the realization of the goal of the centenary of the founding of the army as scheduled, and to comprehensively promote the construction of a strong country and the great cause of national rejuvenation with Chinese-style modernization. It is necessary to strengthen confidence, face challenges, implement the requirements of high-quality development, and complete the set goals and tasks as scheduled. It reflects the determination and urgency of completing the tasks of the 14th Five-Year Plan, despite the tight time and heavy tasks.

The implementation of the 14th Five-Year Plan is expected to be accelerated. At the meeting, six representatives respectively put forward their opinions and suggestions on the overall planning of weapons and equipment test and appraisal resources, innovative planning and implementation management, improving the efficiency of fund use and management, strengthening the guarantee of military production capacity, promoting the construction of national defense positions, and making good use of resources in emerging fields. President Xi then pointed out that while the 14th Five-Year Plan has achieved a series of major achievements over the past four years, it has also faced many contradictions and problems. It is necessary to deal with the five major relationships between progress and quality, cost and benefit, overall situation and focus, development and supervision, planning and implementation and capacity formation, and take the road of high quality, high efficiency, low cost and sustainable development to ensure that the construction results can stand the test of history and actual combat; It is necessary to step up efforts to solve the problem of blocking points and stuck points in the implementation of the plan, strengthen cross-departmental, cross-field and cross-military and local coordination, strengthen the application and supply of policies, enhance the consistency of policy orientation and work orientation, and make every effort to smooth the link of planning and implementation; It is necessary to carry out a professional evaluation of the whole process of planning and implementation, evaluate the quality of development, evaluate the construction efficiency, and evaluate the combat capability of the system; It is necessary to give better play to the service and promotion function of supervision on the implementation of the plan, and ensure that the quality of the plan is supported, the ability is supported, and the integrity is supported. After the smooth planning and implementation link, the goals and tasks set in the 14th Five-Year Plan are expected to be accelerated.

Strengthen the joint force of the military and the civilian sector, and seize the opportunity of the vigorous development of new quality productive forces. The fulfillment of the goals and tasks of the "14th Five-Year Plan" for the construction of our army is inseparable from the support of the national economic and social development system. It is necessary to strengthen the joint force of the military and the localities, make good use of the superior forces and resources of the localities, and improve the quality and efficiency of construction. It is necessary to seize the opportunity of the vigorous development of China's new-quality productive forces, innovate the mode of building and applying combat effectiveness, improve the mechanism for agile response and rapid transformation of advanced technology, and accelerate the development of new-quality combat effectiveness.

The meeting emphasized that the 14th Five-Year Plan should complete the set goals and tasks as scheduled, indicating the importance and urgency. In order to successfully complete the "14th Five-Year Plan" goals, the military industry is expected to accelerate the task, and a new round of economic upward cycle has begun, optimistic about the continued performance of the military sector.

Ammunition and informatization, it is recommended to pay attention to: Aerospace Electric (002025, Buy), Philip (300395, Buy), AVIC Optoelectronics (002179, Buy), Torch Electronics (603678, not rated), Northern Navigation (600435, not rated), Hongyuan Electronics (603267, not rated), Changyingtong (688143, not rated), HTC Electronics (300726, not rated), Optoelectronics (600184, not rated), National Science and Military Industry (688543, not rated), etc.; New quality productivity, it is recommended to pay attention to: artificial intelligence-related, Inner Mongolia No. 1 machine (600967, not rated), optoelectronics shares (600184, not rated), crystal special equipment (688084, not rated), Gaohua Technology (688539, not rated), Higer Communications (002465, buy), 712 (603712, not rated), etc.; Low-altitude economy related, Sichuang Electronics (600990, not rated), Sichuan Jiuzhou (000801, not rated), Yingliu (603308, not rated), Narui Radar (688522, not rated), Guorui Technology (600562, not rated), Aerospace Nanhu (688552, not rated), etc.; Underwater related, Western Materials (002149, not rated), Parker New Materials (605123, not rated), Changyingtong (688143, not rated), etc.

Aviation equipment and supporting facilities, it is recommended to pay attention to: OEMs, AVIC Chengfei (302132, not rated), AVIC Shenfei (600760, not rated), AVIC Xifei (000768, not rated), Hangfa Power (600893, not rated), Hongdu Airlines (600316, not rated), etc.; Aviation supporting, Western Superconductor (688122, Buy), AVIC Heavy Machinery (600765, Buy), Tunan (300855, not rated), Steel Research Institute Gaona (300034, Buy), Chujiang New Materials (002171, Buy), Parker New Materials (605123, not rated), Guangwei Composites (300699, Buy), AVIC Hi-Tech (600862, Buy), Hangfa Control (000738, not rated), Beimo Hi-Tech (002985, Buyetc.

Risk Warning:

The progress of military order issuance and revenue recognition is not as expected; There is uncertainty about the extent of price reductions.