国防军工行业专题报告：构架低空从政策端到产业链的桥梁（系列之二：华东篇）-按图索骥

Investment Rating - The report suggests a positive outlook on the low-altitude economy, indicating significant growth potential supported by government policies and local initiatives [4]. Core Insights - The low-altitude economy is rapidly developing under policy support, with continuous improvements in regulations and infrastructure [4]. - Local governments are actively formulating development strategies tailored to their regional characteristics, with provinces like Guangdong, Anhui, Jiangsu, and others leading the way [4]. - The establishment of industrial clusters is crucial for the development of the low-altitude economy, with various regions leveraging their unique resources and historical advantages [4]. - Investment opportunities are highlighted in areas such as airspace planning, air traffic management, 5G infrastructure, eVTOL manufacturing, and emergency rescue equipment [4]. Summary by Sections East China Region - Anhui Province aims for a low-altitude economy scale of 600 billion yuan by 2025 and 800 billion yuan by 2027, with specific targets for infrastructure and enterprise growth [53][54]. - Hefei City has implemented a low-altitude economic development action plan focusing on space assurance, industrial clustering, and facility construction, aiming to establish a comprehensive low-altitude economic industry chain by 2025 [55][56]. - Wuhu City targets over 300 low-altitude economy-related enterprises by 2025, with a focus on establishing a competitive manufacturing base for general aviation [60][61]. Key Companies - Yingliu Co., Ltd. (603308.SH) is a leader in high-end casting for aerospace, with continuous revenue growth from 1.375 billion yuan in 2017 to 2.412 billion yuan in 2023, despite a profit decline in 2023 due to rising costs [62][64][65]. - Zero Gravity Aircraft Industry focuses on developing eVTOL aircraft and aims to promote green aviation, with significant growth potential in the electric aircraft sector [69][71][73]. - Lais Information (688631.SH) is a key player in air traffic management systems, with a focus on low-altitude aviation infrastructure and a revenue increase of 6.35% in 2023 [80][81][83]. - AVIC High-Tech (600862.SH) specializes in aerospace new materials and high-end intelligent equipment, with a strong focus on innovation and market expansion [84].