行业事件点评：全球首张低空OC落地，看好文旅场景商业化落地

Investment Rating - The industry investment rating is "Positive" [5] Core Insights - The low-altitude economy is projected to reach a market size of 505.95 billion yuan in 2023, expected to exceed 1 trillion yuan by 2026, and potentially reach 3.5 trillion yuan by 2035 [2] - The recent issuance of the world's first operational certificate for a manned drone by Hefei Heying Aviation marks a significant step towards the commercialization of China's low-altitude economy [1][2] - The report highlights that low-altitude tourism is likely to be the first sector to benefit from this development, with various regions actively planning take-off and landing points [2] Summary by Sections Industry Overview - The low-altitude economy is seen as a vast blue ocean, with tourism scenarios expected to commercialize first [2] - The government has emphasized the need to accelerate the development of low-altitude tourism and related sectors [2] Company Focus - Companies such as Xiyu Tourism and Xiangyuan Cultural Tourism are leading in low-altitude initiatives [3] - Xiyu Tourism has established a joint venture with EHang to develop low-altitude tourism projects, planning to operate at least 120 eVTOLs within five years [3] - Xiangyuan Cultural Tourism has formed a low-altitude service company and aims to purchase 50 eVTOLs for its projects, with successful test flights already conducted [3]