低空行业周报（9月第1周）：当前位置具备性价比，静待催化反弹-20250907

Investment Rating - The industry rating is "Outperform the Market," indicating that the overall return of the industry is expected to exceed the market benchmark index by more than 5% in the next 6 months [51]. Core Insights - The low-altitude economy index fell by 7.72% during the week of September 1 to September 5, ranking 324 out of 338, underperforming the broader market, which saw a decline of 1.18% [2][14]. - The low-altitude sector is currently viewed as having high cost-effectiveness, with potential for a rebound due to ongoing catalysts and developments in the second half of the year [4][30]. - The report highlights that the low-altitude sector has been lagging behind other technology themes, and a single industry catalyst could trigger a rebound [30]. - Infrastructure construction and the application of drones in logistics are identified as key focus areas for the low-altitude economy this year, with significant potential for growth [5][30]. Summary by Sections Market Review - The low-altitude economy index experienced a significant decline, influenced by adjustments in the broader market and military industry indices [4][29]. - The top five gainers in the A-share and Hong Kong stock markets included companies like Xirui and Wolong Electric Drive, while the biggest losers included Aerospace Nanhua and Zhong UAV [3][16]. Industry Dynamics - Recent developments include the establishment of a low-altitude economic work leadership group by the Civil Aviation Administration, indicating a focus on policy support and practical implementations [30][35]. - Various local governments are actively working on practical measures such as airspace planning and low-altitude flight management, which are expected to foster industry growth [30][35]. Investment Recommendations - Suggested focus areas for investment include infrastructure companies like Suzhou Planning and Lais Information, as well as drone manufacturers such as Jifeng Technology and Henghe Precision [6][32]. - The report emphasizes the importance of monitoring the low-altitude sector for potential investment opportunities as the industry progresses [31][32].