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[CITIC Construction Investment: The profit recovery of the military industry sector is accelerating Waiting for the issuance of large-scale orders during the "15th Five-Year Plan"] On September 13, CITIC Construction Investment's research report pointed out that with the full disclosure of the 2026 semi-annual reports of listed companies in the military industry sector, the trend of accelerated recovery of sector profits is clear: the 26H1 sector achieved operating income of 4,159.95 billion (+7.93%), net profit attributable to the parent company was 25.326 billion yuan (+20.98%); gross profit margin rebounded by 0.92 percentage points to 18.85%, net profit margin rebounded by 0.66 percentage points to 6.09%, and operating net cash flow turned from negative to positive. The accelerated recovery of segment profits in 26H1 showed significant structural characteristics: growth was mainly contributed by shipping, ground military equipment and military trade-related directions, while profits from traditional core tracks such as aerospace still declined year-on-year. The "comprehensive recovery" of the overall segment profits has yet to be further verified after the implementation of large-scale orders during the "15th Five-Year Plan". The agency judged that China's military industry has evolved from relying on domestic single demand to a new three-wheel drive pattern of "domestic demand foundation, foreign trade expansion, and civilian feedback", with growth momentum becoming more diverse and sustainable.
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[China has made important breakthroughs in the key technology field of high-end remote sensing dynamic imaging] September 2, according to the State Administration for Market Regulation, China has recently made important breakthroughs in the key technology field of high-end remote sensing dynamic imaging. In response to the mutual constraints of lightweight, low-power consumption, and high-dynamic imaging performance that urgently need to be solved in the fields of drones, satellites, and robots, the State Administration for Market Regulation (Light Sensing and Image Metrology) established by China Jiliang University, in conjunction with Beijing University of Aeronautics and Astronautics and other organizations, organized technical research and achieved centimeter-level ultra-high-resolution three-dimensional imaging under small and low-power constraints, solving the problem of accurate capture and analysis of scene information in industries such as low-altitude economy and intelligent vision. According to reports, the research team has made breakthroughs in core key technologies such as "miniaturized low-power ultra-high-resolution imaging, high-precision transfer function dynamic aberration compensation, and three-dimensional high-precision reconstruction of strong noise environments." The relevant results have independent intellectual property rights, and the overall technology has reached the international advanced level, and some of the technologies are at the international leading level. At present, relevant technological achievements have been applied in fields such as drones, aerospace, forest fire prevention, security, border and coastal defense, industrial robots, special equipment monitoring, smart cities, etc., with significant economic and social benefits.