低空经济行业周报（第四十期）：510亿央企战略基金启动赋能低空经济发展，联合飞机铂影T1400无人直升机首航-20251102

Investment Rating - The industry investment rating is "Overweight" [3][29] Core Views - The establishment of a 51 billion yuan central enterprise strategic fund aims to empower the development of the low-altitude economy, focusing on strategic emerging industries such as artificial intelligence, aerospace, and high-end equipment [1][22] - The successful maiden flight of the T1400 unmanned helicopter marks a significant technological breakthrough, indicating the low-altitude economy has entered the "ton-level era" [1][25] - The low-altitude economy is experiencing vertical implementation from macro (national industrial planning) to micro (infrastructure bidding and application scenario development), suggesting a positive outlook for the sector [1][18] Summary by Sections Industry Investment Rating - The report maintains a positive outlook on the low-altitude economy sector, indicating expected outperformance compared to the overall market [3][29] Policy Support - On October 29, a special fund for the development of strategic emerging industries was launched, with an initial scale of 51 billion yuan, aimed at enhancing core functions and competitiveness of state-owned enterprises [1][22][17] Industry Dynamics - The "Air-Ground Integrated Cluster Smart AI Ecological Alliance" was established to promote the systematic and scenario-based development of the industry [1][23] - The largest "sky test field" in the Guangdong-Hong Kong-Macao Greater Bay Area has officially commenced operations, enhancing Shenzhen's position in the low-altitude economy [1][24] Individual Stock Dynamics - The T1400 unmanned helicopter, developed by Harbin United Aircraft, successfully completed its maiden flight with a maximum payload of 650 kg, supporting logistics and emergency rescue applications [1][25][18] - Recommended stocks include Wolong Electric Drive and Green Energy Huichong, with beneficiaries in low-altitude manufacturing, infrastructure, and operations [1][18]