Zhongtai Securities(SH:600918) Zheng Quan Shi Bao Wang·2026-01-09 00:36Group 1 - The Guangzhou Municipal Government has issued a plan to accelerate the construction of a strong advanced manufacturing city, focusing on the development of the low-altitude economy and commercial aerospace [1] - The plan includes the establishment of a civil unmanned aerial vehicle (UAV) test zone and the development of new technologies, models, and business formats in the low-altitude sector [1] - Infrastructure construction for takeoff and landing, such as hub-type takeoff fields, vertical takeoff points, UAV test flight sites, and automated hangars, is emphasized [1] Group 2 - Guotai Junan Securities notes that the low-altitude economy is maturing with increasingly refined policies, highlighting the investment value of companies in related industries [2] - The consumer-grade UAV market in China is projected to reach 48.899 billion yuan in 2024, with a year-on-year growth of 20%, while the industrial-grade UAV market is expected to reach 113.4 billion yuan in 2023, indicating greater growth potential [2] - The commercial aerospace industry is entering a new phase of rapid development, with over 600 companies and 25 launch sites in operation or under construction, suggesting a significant investment opportunity in this sector [2]