國(guó)防軍工行業(yè)深度報(bào)告行業(yè)基本面轉(zhuǎn)好，關(guān)注細(xì)分行業(yè)龍頭投資機(jī)會(huì)

1、請(qǐng)務(wù)必閱讀正文后的聲明及說(shuō)明請(qǐng)務(wù)必閱讀正文后的聲明及說(shuō)明211目錄目錄1.1.本周市場(chǎng)回顧本周市場(chǎng)回顧........................................................................................31.1.板塊指數(shù)........................................................................

2、...........................................31.2.板塊估值...................................................................................................................41.3.個(gè)股表現(xiàn)............................................

3、.......................................................................52.2.主要觀點(diǎn)主要觀點(diǎn)...............................................................................................62.1.板塊中報(bào)業(yè)績(jī)?cè)鲩L(zhǎng)明顯，行業(yè)基本面逐漸向好................

4、...................................62.2.軍改消極影響逐漸減弱，國(guó)防裝備需求加速釋放...............................................62.3.細(xì)分行業(yè)投資價(jià)值漸顯，關(guān)注龍頭企業(yè)投資機(jī)會(huì)...............................................63.3.行業(yè)動(dòng)態(tài)行業(yè)動(dòng)態(tài)..........................

5、.....................................................................73.1.國(guó)內(nèi)軍情...................................................................................................................73.2.國(guó)際形勢(shì)..................

6、.................................................................................................84.4.上市公司動(dòng)態(tài)上市公司動(dòng)態(tài)........................................................................................94.1.交易動(dòng)態(tài).........

7、..........................................................................................................94.2.增發(fā)、業(yè)績(jī)披露動(dòng)態(tài)...............................................................................................95.5.

8、風(fēng)險(xiǎn)提示風(fēng)險(xiǎn)提示...............................................................................................9請(qǐng)務(wù)必閱讀正文請(qǐng)務(wù)必閱讀正文后的后的聲明及說(shuō)明聲明及說(shuō)明411行業(yè)深度報(bào)告行業(yè)深度報(bào)告僅一個(gè)月內(nèi)成交量最高水平，為8.13億股，但達(dá)到高峰之后開(kāi)始下降，到周五（9月7日）跌至5.93億股。成交金額方面，9月4日達(dá)到本月最高水平，為1

9、01.73億元。圖3：申萬(wàn)國(guó)防軍工板塊近一個(gè)月成交量（億股）：申萬(wàn)國(guó)防軍工板塊近一個(gè)月成交量（億股）數(shù)據(jù)來(lái)源：東北證券，Wind圖4：申萬(wàn)國(guó)防軍版塊近一個(gè)月成交金額（億元）：申萬(wàn)國(guó)防軍版塊近一個(gè)月成交金額（億元）數(shù)據(jù)來(lái)源：東北證券，Wind1.2.板塊估值板塊估值截至周五收盤(pán)，申萬(wàn)軍工板塊PE（TTM）為58.25倍，與2017年11月估值水平相當(dāng)，處于歷史中位。各子板塊中航天裝備板塊PE(TTM)為59.00倍，地面兵裝板塊為58.0