新兴产业：深圳正式发布首个低空管理系统，纳睿雷达为主要低空探测设备供应商！

Investment Rating - Industry rating is maintained at "Outperform the Market" [4] Core Insights - The establishment of the low-altitude management system in Shenzhen marks a significant development in the low-altitude economy, with Nairui Radar's TDKFT0104 Ku-band dual-polarization radar being a key supplier for low-altitude detection [2][3] - The low-altitude application service management system aims to provide comprehensive management services for low-altitude flight plans, task management, data visualization, and one-stop flight services for enterprises, positioning itself as a central command and information platform for low-altitude flight management in the region [2] - Nairui Radar is expanding its product offerings from X-band to C/S/Ku bands and diversifying its applications from meteorology to water conservancy, low-altitude, civil aviation, and military sectors, indicating a strong growth trajectory [2][3] Summary by Sections Low-Altitude Management System - The low-altitude management system is designed to address the urgent service needs in the Saltian area, with 13 low-altitude takeoff and landing infrastructure planned [2] - The system will enhance risk prevention and safety assurance capabilities through the deployment of phased array radars and 5G-A navigation equipment [2] Company Developments - Nairui Radar has secured contracts for 23 rain-measuring radars and is in the process of building 29 more, indicating a solid foothold in the water conservancy sector [3] - The company is actively collaborating with various air traffic control bureaus in China to promote its air traffic control radar products [3] - Nairui Radar has joined the Zhuhai High-tech Zone Low-altitude Economy Industry Alliance, taking a leadership role in exploring collaborative opportunities within the low-altitude economy [3]