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 to 12 months [64]. Core Insights - The low-altitude sector is currently in a position to rebound, supported by ongoing catalysts since the second half of the year and new directions in the Sino-US competition [4][33]. - The low-altitude economy index increased by 1.03% this week, outperforming the Shanghai Composite Index, which rose by 0.84% [3][16]. - The sector is awaiting significant catalysts, as it has been relatively stagnant since the beginning of the year, with the broader market reaching new highs [4][32]. - The establishment of a leadership group by the Civil Aviation Administration of China for general aviation and low-altitude economy indicates promising future policies [4][33]. - Infrastructure development and the application of drones in various sectors are key focuses for the low-altitude economy this year [5][33]. Summary by Sections Market Review and Weekly Insights - The low-altitude economy index rose by 1.03%, ranking 138 out of 330 sectors, indicating a better performance than the overall market [3][16]. - The top five gainers in the A-share and Hong Kong stock markets included Aerospace Hongtu (up 45.29%) and Changyuan Donggu (up 19.30%) [3][19]. - The sector is currently lacking major catalysts, with some companies experiencing significant stock price corrections due to average mid-term report performances [4][32]. Industry Dynamics - Recent developments include the opening of low-altitude flight demonstration projects in Guangzhou and the publication of an agricultural drone industry white paper [39][40]. - The government is actively promoting low-altitude economic projects, including the establishment of testing bases and the issuance of special bonds for infrastructure [40][41]. Investment Recommendations - Suggested focus areas include infrastructure companies such as Suzhou Planning and Lais Information, as well as drone-related companies like Henghe Precision and Tengya Precision [6][35]. - The report emphasizes the importance of infrastructure as a prerequisite for the low-altitude economy's emergence as a new industry [5][33].

工信部发文推动卫星通信产业发展，看好 商业航天终端应用及低空经济 核心观点 投资建议与投资标的 风险提示：军品订单和收入确认不及预期；研发进度及产业化不及预期；竞争格局及 份额波动风险；产品价格下降风险等。 国防军工行业 行业研究 | 行业周报 + 国家/地区 中国 行业 国防军工行业 报告发布日期 2025 年 08 月 31 日 看好（维持） | 罗楠 | 021-63325888*4036 | | --- | --- | | | luonan@orientsec.com.cn | | | 执业证书编号：S0860518100001 | | 冯函 | 021-63325888*2900 | | | fenghan@orientsec.com.cn | | | 执业证书编号：S0860520070002 | | | | | AI 赋能下新质生产力发展将提速，同时商 | 2025-08-10 | | --- | --- | | 业航天有望继续加快组网进度 | | | 商业航天组网有望持续加速，同时看好信 | 2025-08-04 | | 息化及新质新域方向 | | | 兵器集团展示我国军贸陆域无人装备体系 | ...

Group 1: Policy Initiatives and Economic Growth - The Chinese economy is expected to experience robust growth in the second half of 2025, driven by a series of significant national policies targeting strategic emerging industries such as artificial intelligence, low-altitude economy, energy storage technology, smart terminals, and equipment upgrades [3][4]. - The government aims to foster a deep integration of AI technology with the real economy, transitioning from a technology-driven model to an application-driven model [3][4]. Group 2: Artificial Intelligence - The AI industry is entering a policy dividend period, with the State Council releasing a guiding document in August 2025 to steer national AI development [3]. - By 2025, AI is projected to penetrate various sectors of the national economy, with a mature ecosystem expected by 2030 [4]. Group 3: Low-altitude Economy - The low-altitude economy in China has surpassed a market size of 500 billion yuan in 2023, with a year-on-year growth rate of 33.8%, and is expected to exceed 1 trillion yuan by 2026 [6]. - The low-altitude economy encompasses nearly 20 industries and has generated over 300 diverse application scenarios, indicating a vast ecosystem [6][7]. Group 4: Energy Storage Technology - The global energy storage market is rapidly expanding, with an expected addition of 188.5 GWh in installed capacity in 2024, translating to a market size of approximately 627 billion USD [9]. - By 2030, the global energy storage capacity is anticipated to exceed 1 TWh, marking the establishment of a complete and mature energy storage industry chain [9]. Group 5: Smart Terminals - The smart terminal industry is experiencing a wave of innovation, supported by government subsidies aimed at promoting the adoption of AI-enabled products [11]. - The market for smart glasses is projected to exceed 100 billion yuan by 2029, with significant product launches expected in the consumer electronics sector in late 2025 [12]. Group 6: Equipment Upgrades and Consumer Goods - The dual policies of equipment upgrades and consumer goods replacement are expected to drive a market potential exceeding 5 trillion yuan annually [15]. - The government has allocated 1.5 billion yuan in special bonds for 2024 to support key sectors, with plans to increase this to 2 billion yuan in 2025 [15][16]. Group 7: Investment Opportunities - The high-tech manufacturing sector has shown a year-on-year increase of 9.5% in value added, contributing 23.3% to overall industrial growth in the first half of 2025 [21]. - The aerospace manufacturing sector has experienced remarkable growth, with a 58.6% increase in spacecraft and launch vehicle manufacturing [21].

李梦瑶 政企对话、实地考察、项目签约……这几天在海南，不少民营企业代表行程密集。 8月29日，一场"支持民营企业参与海南自由贸易港建设政策项目推介会"在海口举行，吸引全国100 余家民营企业组团赴琼。场内场外，不少企业表达了对海南市场的看好，一句话被频频提及：选择海南 就是选择机遇，投资海南就是投资未来! 为什么说投资海南就是投资未来?透过这场推介会，我们又能窥见哪些海南机遇? 从国家重大战略看历史机遇，投资海南时机正好—— 建设海南自由贸易港是习近平总书记亲自谋划、亲自部署、亲自推动的重大国家战略，对标的是世 界最高水平的开放形态。这一背景下，民营企业投资海南自贸港，就是主动服务国家重大战略需要，在 不确定中寻找投资的长期确定性。 横向看，中国内地有22个自贸试验区，自由贸易港只有这一个。与其他高水平自贸港相比，除"中 国特色"这个本质区别外，海南自贸港也拥有许多独特的比较优势，比如全球面积最大的自贸港、地处 国内国际双循环交汇点。作为投资目的地，海南具有"人无我有、人有我优"的明显竞争优势。 推介会上，不少企业代表表示将以海南为支点"出海"投资。如此布局，看中的正是海南自贸港开放 政策、地缘区位的叠加优势 ...

民营企业坚定看好海南自贸港，加码在琼投资布局 在海南，企业"想投、愿投、敢投" 八月二十九日，"支持民营企业参与海南自由贸易港建设政策项目推介会"在海口举行。图片均由海南日 报全媒体记者 封烁 摄 海南日报全媒体记者 李梦瑶 今年以来，"海南"几乎每个月都要出现在亿航智能设备(广州)有限公司副总裁贺天星的行程单上。8月29 日，一场"支持民营企业参与海南自由贸易港建设政策项目推介会"在海口举行，吸引他再次"打飞的"赶来。 "海南自贸港全岛封关运作在即，民营企业能做什么、应该准备什么，这场推介会划出了重点。"贺天星 说。 事实上，亿航智能作为低空领域领军企业，其布局海南自贸港的准备工作早已开始。 "我们不仅在海口成立了公司，与海南多家企业单位建立战略合作关系，还在海南持续拓展物流、观光、 交通等低空经济应用场景。"在他看来，海南自贸港发展低空经济的优势得天独厚，为该公司项目落地、未来 发展提供了广阔天地。 "早在5年前我们就下定决心布局海南，在这里全面实施'海上'加'海外'的'双海'战略。"张传卫介绍，该公 司在海南仅用了50天，就实现高端装备制造、国际业务总部和深远海能源技术研究院三个重点项目的同时开 工，" ...

以下文章来源于i黑马 ，作者i黑马 i黑马 . 让创业者不再孤独@i黑马 很多创始人都说，我缺钱或者我缺人，其实这都是表象。 背后的原因，就是战略不清晰。 如果你的战略，能画出一个大饼，还能分好这个大饼，你是不会缺钱的。 所以，当你有一个非常清晰的战略，你就能够找到足够的钱，找到足够的人，助你把事情做 好。 目前，我们管理着有好几个城市的钱， 基金规模超100亿。 此前，我们投资、陪跑的企业已有 600多家 ，并陪伴 13家企业 完成了上市。 下半年 ， 我们预计要投出去的金额，应该不小于 15个亿。 这是实实在在的子弹，我们弹药还是很充足的。 吴世春 梅花创投合伙人、黑马加速导师 这里，认真给大家推荐一下： 9月21日-23日 ， 我将亲自带队 100家企业家 ， 去四川泸州线下游学 ， 探 访 下沉创新 ， 寻找增长新引擎。 你 在 创业路上遇到的问题和想法 ， 都可以找我聊聊 。 中国的资本链条，是全世界最完整的。 中国的人才，也是世界上最丰富的。 如果你是 优质的项目，我也会果断投 你 。 希望所有支持我的人 ， 一如既往的相信我、支持我， 我们一起 加油！ 活动详情如下 ↓↓↓ 吴世春导师亲自带队 ...

Core Insights - The 2025 China International Big Data Industry Expo highlighted the low-altitude economy as a focal point, showcasing advancements in drone applications and smart collaboration between air and ground, emphasizing industry innovation centered around practical scenarios [1][2] - Data from the National Data Bureau indicates that the rapid expansion of drone applications and the acceleration of robotics industrialization have led to a growth rate exceeding 30% in low-altitude economy and robotics data production [1] - The low-altitude economy is becoming a crucial component of the digital economy, driven by the exponential growth of data as a new production factor, which facilitates digital upgrades across various sectors [1][2] Industry Analysis - The low-altitude economy presents significant market opportunities across various applications, including urban governance, logistics, and emergency response, with drones evolving from mere "flying cameras" to essential tools [2] - The implementation of a low-altitude "one map" management system by Zhongke Xingtai in Nanyang has improved drone inspection efficiency by 30% [2] - The increase in data volume is propelling the iteration and upgrade of core products such as low-altitude cloud platforms and intelligent scheduling algorithms, providing a solid foundation for market expansion [2] Future Outlook - The low-altitude economy is expected to undergo three phases: infrastructure construction and standard establishment, scenario piloting and ecosystem cultivation, and full commercialization and integrated development [3] - The integration of low-altitude economy with smart cities and the digital economy is anticipated to create a robust industrial ecosystem that spans multiple industries and regions [3] - The convergence of policy, technology, and market dynamics is encouraging more participants to enter the low-altitude economy, which is seen as a powerful new engine for growth and urban governance enhancement [3]

据悉，南京市浦口区作为全国首批、全省唯一的民用无人驾驶航空试验区核心区，已初步形成以浦口高 新区为支撑，全域多场景联动的低空经济产业发展新格局。保障机制上，合作共建了江苏省民用无人驾 驶航空器系统检验检测中心和标准化技术委员会，发起成立了南京市低空经济产业协会。基础配套上， 全省首个低空综合飞行基地今年正式投入使用，为低空经济企业提供试飞、测试、培训等全方位服务。 场景应用上，开发一网统飞政务服务平台，形成了一套集成、高效、智能的低空应用监管体系。 数据显示，目前，浦口区集聚低空经济上下游企业50余家，涵盖低空制造、低空保障、低空运营、低空 综合服务等多个领域。 8月29日，第二届空天创业营第二期在江苏省南京市浦口高新区拉开帷幕。50余家企业高管走进南京低 空综合飞行基地、南京民用无人驾驶航空运行管理中心等地，探访当地低空经济产业发展生态。 本次培训将为52家入营企业的高管团队提供定制化培训，聚焦"管理协同力"核心主题，旨在系统性提升 空天领域创业者和企业家的综合实力，通过优化管理协同，实现资源配置精准化与团队效能最大 化。"期望各位企业家朋友到浦口创新创业，我们将以更优惠的政策、更便利的条件、更优越的发展环 ...

Core Insights - The signing event for 16 key projects in the Changsha Southern Integration Zone took place on August 29, with a total investment of 19.28 billion yuan [1][5]. Group 1: Event Overview - The event was attended by key officials including the Provincial Party Committee member and Mayor Wu Guiying, as well as other provincial and municipal leaders [2][6]. - The Southern Integration Zone is positioned as a strategic area for the Changsha-Zhuzhou-Xiangtan metropolitan area, focusing on becoming a national model for two-type development and innovation [5]. Group 2: Project Details - The signed projects span various sectors including digital economy, low-altitude economy, new energy, biomedicine, and cultural technology [9]. - Notable projects include: - The Zhichain Xinghe Intelligent Cloud Computing Center with a total investment of 5.2 billion yuan, featuring a computing power scale of 1500P [9]. - The Chuangyi Chip Inductor Industry Base, focusing on core technology for chip inductors [9]. - The Yunshusiv Recycling Project for retired batteries, aimed at promoting low-carbon lifecycle utilization [9]. - The Dongchao Technology Central South Regional Headquarters, which will implement medium-free imaging technology in smart healthcare and smart city applications [9]. Group 3: Future Outlook - The signing event is expected to inject new momentum into the development of the Southern Integration Zone, with plans to accelerate project implementation and enhance investment [9].

8月29日，自然资源部、国家数据局联合发布2025年实景三维数据赋能高质量发展创新应用典型案例名 单，由南京市规划和自然资源局、南京市规划和自然资源局浦口分局、南京民用无人驾驶航空运行管理 中心、南京智慧航空研究院有限公司等单位联合申报的《实景三维助力南京低空经济产业建设》案例成 功入选，这也是南京市唯一入选项目，成为南京低空经济数字化转型的标杆成果。这一突破标志着南京 在实景三维技术与低空产业融合领域走在全国前列，为低空经济安全化、智慧化发展提供了"南京方 案"。 规划50余条特色航线，技术成果在全国10余个城市推广应用 记者了解到，项目提出的空域信息数字化关键技术已纳入民航行业标准《民用无人驾驶航空器空域信息 数字化技术要求 第1部分：编码及使用规则征求意见稿）》，技术成果已在深圳、苏州、扬州、芜湖等 10余个城市推广应用。 实现飞行计划统一管理，确保空中活动安全高效 据了解，该案例运用高精度测量相机与SLAM系统空地融合以及计算机集群并行处理技术，实现实景三 维全自动建模、模型轻量化和平台渲染。模型数据体量压缩70%，加载速度提升5倍，极大提升了成果 质效。 依托实景三维及多层级空域栅格单元，项目团队开 ...