国防军工行业：IDEX2025盛大开幕，我国军工企业组团亮相——注重AI+机器人带来的行业投资机遇

Investment Rating - Industry rating: "Overweight" (maintained) [4] Core Insights - The defense and military industry is poised for a new round of investment opportunities following the release of the revised "Military Equipment Research Regulations" and the initiation of central enterprise restructuring [3][4] - The IDEX 2025 exhibition showcased China's defense capabilities, with a significant presence of domestic military enterprises demonstrating advanced technologies across various domains, including land, sea, air, space, and electronics [4][6] - AI technology is driving the transformation of the military industry towards intelligence and information, with quadruped robots emerging as key assets for future combat scenarios [6] Summary by Sections Recent Industry Performance - Relative returns over the past month, three months, and twelve months were -1.76%, -5.32%, and 8.02% respectively, while absolute returns were 1.6%, -6.24%, and 23.78% [2] Investment Highlights - The IDEX 2025 exhibition featured 1,565 companies from 65 countries, with China's defense technology innovations being a focal point [4] - Notable products included the "Xuan Ge"-2000 unmanned helicopter and various advanced military aircraft, showcasing China's competitive edge in global defense [6] - The report emphasizes the potential of AI-enabled robots, particularly quadruped robots, in military reconnaissance and disaster relief, highlighting their adaptability and operational capabilities [6] Investment Recommendations - The report suggests that national policies and advancements in AI technology will accelerate the military industry's shift towards intelligence and information, creating new opportunities for companies within the defense supply chain [6]