Investment Rating - Investment rating: Positive (maintained) [1] Core Insights - The low-altitude economy is experiencing significant policy support from various regions, including the issuance of multiple measures aimed at fostering industry growth and collaboration [18][23][25] - The average stock price change for low-altitude economy-related stocks was +4.0% during the week of October 20 to October 24, with notable performers including Zhuhai Guanyu (+23.1%) and Penghui Energy (+14.2%) [4][10][21] - Companies like EHang Intelligent are actively promoting their low-altitude economic experiences in international markets, particularly in Portuguese-speaking countries [19][26] Summary by Sections 1. Weekly Sector Review - The low-altitude economy sector saw an average increase of +4.0% in stock prices, with Zhuhai Guanyu leading the gains [4][10] - The top five gainers included Zhuhai Guanyu (+23.1%), Penghui Energy (+14.2%), and Lihang Technology (+13.7%) [10][12] 2. Industry Dynamics - The Anhui and Henan provincial governments issued a joint plan to support the low-altitude economy, proposing 18 measures to enhance regional collaboration and innovation [23] - Guangzhou's Tianhe District introduced 11 support measures for the low-altitude economy, offering subsidies up to 20 million yuan for qualified drone companies [24] - Guangdong Province released 16 measures to strengthen financial and technical support for the low-altitude economy [25] 3. Company Developments - EHang Intelligent showcased its low-altitude economic solutions at the China-Portuguese-speaking Countries Economic and Trade Expo, aiming to expand into Latin American markets [19][26] - Air China Ocean announced a joint venture to establish a low-altitude maritime service company, enhancing its competitive edge in the sector [27]