国防军工行业各地低空经济发展白皮书：按图索骥~构架低空从政策端到产业链的桥梁（系列之二，华东篇）

Investment Rating - The investment rating for the defense and military industry is "Positive" (maintained) [1]. Core Viewpoints - The report emphasizes the importance of building a low-altitude economy by connecting policies to the industrial chain, highlighting the role of local industrial clusters in developing low-altitude economic cities. It identifies key players in various segments, including airspace planning, air traffic management, 5G infrastructure, eVTOL aircraft, emergency rescue equipment, drones, and low-altitude air defense [1][4]. Summary by Sections 1. East China Region - The report outlines the development of low-altitude economy in East China, particularly in provinces like Anhui, Jiangsu, and Guangdong, which have established policies and infrastructure to support this growth [6][13]. 1.1 Anhui Province - Anhui aims to achieve a low-altitude economy scale of 60 billion yuan by 2025 and 80 billion yuan by 2027, with specific targets for general airport numbers and infrastructure development [13][14]. 1.2 Jiangsu Province - Jiangsu has initiated several policies to promote low-altitude economy, including the establishment of a drone test base and various support measures for technology and infrastructure development [33][34]. 1.3 Key Companies - Companies such as Yingliu Co., Ltd. and Zero Gravity Aircraft Industry are highlighted for their leadership in high-end casting and electric aircraft technology, respectively. Yingliu has shown consistent revenue growth, with 2023 revenue reaching 2.41 billion yuan [25][29]. 1.4 Policy Support - Local governments are actively formulating strategies to support low-altitude economy, with Guangdong, Anhui, Jiangsu, and other provinces leading the way in creating regional models and policies [4][6]. 1.5 Investment Opportunities - The report suggests focusing on companies involved in airspace planning, air traffic management, 5G infrastructure, eVTOL manufacturing, and drone technology as potential investment opportunities [1][4].