According to the March 4 research report of GF Securities, the deepening and upgrading of state-owned enterprises is expected to accelerate, focusing on the progress of new quality areas such as commercial aerospace, large aircraft, and ships, and is optimistic about the upward elasticity of the sector under improved economic conditions and the recovery of orders. On February 27, the State Council's State-owned Assets Administration Commission held the first special promotion meeting in 2024 for the state-owned enterprise reform, deepening and upgrading action. The meeting called for making every effort to push forward various reform tasks in order to achieve decisive results, and to complete more than 70% of the main tasks. New quality areas such as AI military applications, commercial aerospace, large aircraft, and ships continue to be popular, and it is expected to further form the industry's second-largest growth curve.