华创交运|低空经济周报（第60期）：海外观察：美国发布《先进空中交通国家战略2026-2036》-20251228

Investment Rating - The report maintains a recommendation for the low-altitude economy sector [1] Core Insights - The U.S. Department of Transportation has released the "Advanced Air Mobility National Strategy 2026-2036" and the "Advanced Air Mobility Comprehensive Plan," aiming to position the U.S. as a leader in aviation by establishing a robust AAM system [4][5] - The report emphasizes that both Chinese and U.S. companies are highly competitive in the low-altitude economy, with Chinese firms leading in the eVTOL sector, and anticipates that both countries will dominate the global market [21][22] - The National Development and Reform Commission (NDRC) has established statistical classifications for the low-altitude economy, indicating a significant acceleration in its development [23][27] Industry Overview - The low-altitude economy encompasses four main categories: low-altitude manufacturing, low-altitude operations, low-altitude infrastructure and information services, and low-altitude supporting industries, with a total of 23 subcategories and 65 detailed classifications [23][24] - The "Low Altitude Economy and Its Core Industry Statistical Classification" aims to define the scope and scale of the low-altitude economy, fulfilling the statistical needs of various governmental and societal stakeholders [23][24] Performance Metrics - The Huachuang Transportation Low Altitude 60 Index rose by 4.6% in the week ending December 26, 2025, and increased by 20% over the year, outperforming the CSI 300 Index, which rose by 18.4% [32][33] - The report highlights significant individual stock performances, with notable increases in companies such as Guolian Aviation (32%), Xinjingang (23%), and Zhongfu Shenying (19%) [34] Investment Recommendations - The report suggests focusing on various segments of the low-altitude economy, including: 1. Manufacturing: Key players include Wan Feng Aowei (eVTOL and general aviation), Xirui (general aviation), and Yihang Intelligent (eVTOL) [41] 2. Supply Chain: Companies like Zongshen Power and Yingboer are highlighted for their roles in the aviation engine and electric control markets [41] 3. Low-altitude Digitalization: Companies such as Lais Information and Sichuan Jiuzhou are noted for their contributions to low-altitude digital infrastructure [41] 4. Operations: Companies like CITIC Haizhi and Xiangyuan Cultural Tourism are recognized for exploring commercial applications in low-altitude operations [42]