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CITIC Construction Investment: It is expected that the military industry will usher in structural recovery by 2025

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On February 14, China Securities Construction Investment Research Report said that as of the fourth quarter of 2024, according to the top ten heavy position stock holdings data of public sale funds, the total market cap of military industry Holdings was 127.864 billion yuan, and the proportion of military stocks Holdings was 4.34%, compared with the low point in the first quarter of 2024 (4.11% ) rebounded by 0.23 percentage points, a decrease of 0.97 percentage points compared with the third quarter of 2024 (5.31%). In the fourth quarter of 2024, with the gradual implementation of military personnel adjustment and related system reforms, the gradual issuance of orders in the later stage of the “14th Five-Year Plan”, the backlog of new demand, and the expected increase in epitaxial mergers and acquisitions, it is expected that the military industry will usher in a structural recovery in 2025, and the boom switch may promote the willingness of Holdings to continue to pick up.

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