金元证券近日发布低空经济周报（第五十二周）：本周低空经济指数涨5.61%，相对涨幅3.66%，日均 成交额829.0亿元，市盈率（TTM）达129.59倍，本周日均主力净流入额-7.70亿元。较上周而言，本周 成交额上升，估值维持高位，主力资金净流出。 以下为研究报告摘要： 板块行情回顾： 本周低空经济指数涨5.61%，相对涨幅3.66%，日均成交额829.0亿元，市盈率（TTM）达129.59倍，本 周日均主力净流入额-7.70亿元。较上周而言，本周成交额上升，估值维持高位，主力资金净流出。 个股表现： 2.广东低空金融"十二条"发布； 3.广东省低空经济人才培育服务平台正式上线；4.广东省低空飞行综合管理服务平台正式发布；5.广州 低空飞行综合管理服务平台发布； 6.广东省市场监督管理局发布低空经济应用4项地方标准； 7.京东物流无人机已进入全国常态化测试运营阶段；8.顺丰丰翼方舟ARK80物流无人机获中国民航局颁 发TC。政策动态： 1.新修订《中华人民共和国民用航空法》明年7月1日起施行； 2.深圳市监局发布《低空经济商业秘密保护工作指引》。 公司动态： 本周涨幅前五个股为超捷股份、广联航空、北斗星通 ...

Group 1 - Longhua Technology (300263) has indicated a strong order backlog from Zhaoheng Technology as of September 10 [1] - The company is closely monitoring the development trends in the low-altitude economy and is actively seizing industry opportunities [1] - Longhua Technology has engaged in communication and collaboration with multiple low-altitude aircraft manufacturers, supporting testing and research and development, and has achieved product supply [1]

Investment Rating - The report maintains an "Overweight" rating for the low-altitude economy sector [3][36]. Core Insights - The low-altitude economy index increased by 6.14% this week, with an average daily trading volume of 34.547 billion yuan, indicating a strong market performance [3][10]. - Key discussions at the Two Sessions focused on airspace management, infrastructure development, pilot certification, urban planning, and meteorological services, highlighting the government's commitment to the sector [5][17]. - Significant financial support is being provided by local governments, including an 18 billion yuan investment in low-altitude infrastructure projects in Shaoxing [6][30]. Sector Performance - The low-altitude economy index outperformed the Shanghai and Shenzhen 300 index by 4.75% this week [3][10]. - The sector's price-to-earnings ratio (TTM) stands at 83.15, reflecting high valuation levels [3][10]. - The top five performing stocks this week include Aerospace Rainbow, Western Materials, Quanxin Co., Zhong UAV, and Superjet Co. [4][13]. Industry Dynamics - The Shanghai Communications Administration initiated a meeting to develop standards for the low-altitude smart network, aiming to enhance connectivity between information communication and civil aviation sectors [5][22]. - Proposals from industry leaders during the Two Sessions include the establishment of a low-altitude airspace management law and the creation of a national low-altitude industry development fund [18][19]. Policy Developments - Shaoxing's government is implementing a comprehensive financial strategy to support low-altitude economic development, including a 10 billion yuan industry fund [6][30]. - Various infrastructure projects are being tendered, such as the low-altitude comprehensive service platform and emergency medical delivery systems [24][30]. Key Company Updates - Wan Feng Aowei has made a bid to acquire the bankrupt German eVTOL company Volocopter [7][32]. - SF Express has ordered 100 ES1000 electric short takeoff and landing unmanned transport aircraft from Yifei Aviation [7][32]. - The low-altitude business has signed contracts worth over 70 million yuan across multiple regions, indicating robust demand [7][32].