Summary of Key Points from the Conference Call Industry Overview - The focus is on the drone and anti-drone equipment industry, particularly in the context of military applications and advancements in technology [1][2]. Core Insights and Arguments - The use of FPV drones by Ukraine to attack Russian bomber bases on June 1 demonstrates the increasing importance and effectiveness of drone warfare, with estimated losses to Russia reaching several billion dollars [1][2]. - This incident marks the first large-scale drone swarm attack on a strategic military target, highlighting the high cost-effectiveness of drone operations in modern warfare [1][2]. - The development of drone swarm technology and collaborative combat strategies is identified as a key focus area for future advancements in the industry [3]. Future Trends and Opportunities - Anti-drone systems are expected to become a crucial component of future air defense systems, indicating significant growth potential in this sector [4]. - China is noted for its leading position in drone technology, with rapid advancements in anti-drone technology [5]. Investment Recommendations - Suggested companies to watch in the anti-drone equipment sector include: - Sichuan Jiuzhou (self-developed complete anti-drone system) - Xinjingang - Guorui Technology - Nairui Radar - Lianchuang Optoelectronics - 6912 [6]. - Suggested companies in the drone sector include: - Zongheng Co. - Aerospace Electronics - Zhongwu Drone - Aerospace Rainbow [6]. Risk Factors - The unpredictability of geopolitical situations and technological developments poses risks to the industry [7].