Core Viewpoint - The low-altitude economy sector has outperformed the broader market during the period from November 24 to December 7, with significant increases in relevant indices [1][2]. Market Performance - The Wind Low Altitude Economy Index rose by 5.46%, outperforming the Shanghai Composite Index by 3.69 percentage points and the CSI 300 Index by 2.52 percentage points, but underperformed the ChiNext Index by 1.02 percentage points [2]. - The National General Aviation Index increased by 6.40%, surpassing the Shanghai Composite Index by 4.63 percentage points and the CSI 300 Index by 3.46 percentage points, while slightly underperforming the ChiNext Index by 0.08 percentage points [1][2]. National Level Developments - The Central Air Traffic Control Office has officially released the "Functional Requirements for National and Provincial Low Altitude Flight Comprehensive Supervision Service Platforms (Version 1.0)" and "Information Interaction Specifications (Version 1.0)", aimed at enhancing the regulation of low-altitude management systems [2]. - The Ministry of Industry and Information Technology and the National Development and Reform Commission jointly issued a plan to enhance the adaptability of supply and demand for consumer goods, supporting the construction of aviation flight camps in suitable areas [2]. Regional Initiatives - The Chongqing Municipal Government has issued policies to promote high-quality development of the low-altitude economy, aiming to create a distinctive low-altitude economic innovation city [3]. - Liaoning's 14th Five-Year Plan suggests expanding applications of low-altitude operations in logistics, tourism, and governance [3]. - The Zhejiang Provincial Development and Reform Commission is soliciting opinions on policies to promote high-quality economic development, emphasizing the advancement of civil aviation and low-altitude economy [3]. Company Developments - Wofei Changkong and Hualong Aviation have signed a subscription agreement for 50 AE200 aircraft, marking a significant step towards the commercialization of the "eVTOL + business jet" model [4]. - Zero Gravity Aircraft Industry has made a strategic investment in Xiangyuan General Aviation, aiming to bridge the gap between manufacturing and operational capabilities in the low-altitude economy [4]. - The establishment of the Changsha Low Altitude Industry Development Company with a registered capital of 200 million yuan focuses on general aviation services and public air transport [4]. Investment Initiatives - The Ningbo Transportation Investment Yunzhi Low Altitude Economy Industry Fund has been established with a total scale of 1 billion yuan, focusing on key areas such as intelligent communication and navigation within the low-altitude safety industry chain [5]. Investment Recommendations - The national 14th Five-Year Plan emphasizes accelerating the development of the aerospace and low-altitude economy sectors, with various local governments implementing supportive policies [6]. - Key application scenarios include low-altitude logistics and tourism, with leading eVTOL manufacturers securing orders and expanding overseas [6]. - Relevant companies in the sector include those involved in power/energy systems, complete aircraft manufacturing, air traffic control, and operational maintenance [6].
中央空管办加强规范低空管理系统建设，影石创新发布全景无人机 | 投研报告