广东“低空经济29条”发布，低空经济板块有望受益

报告摘要

Low Air Economy: Chinese Civil Aviation Authority announced expanded low-altitude airspace policies, while Guangdong Province released the "Low Air Economy 29条" plan. The goal is to achieve a low-air economy scale of over 3000亿元 by 2026, fostering a three-core linkage development model.
AI Large Models: Alibaba's AI platform, including Tongyi Qianwen models, is now available internationally. Recent pricing cuts include reductions of up to 97% and some models becoming completely free, led by announcements from Alibaba, ByteDance, and Tencent.
AI Computing Power: Xiamen unveiled a subsidy policy for intelligent computing, supporting enterprises with up to 50% of eligible costs. Anhui launched a provincial computing power platform integrating various resources, with significant capacity and interconnectivity.
Trusted Computing: China Information Security Evaluation Center issued new security assessment results for CPUs and operating systems. A product launch event featured certified AI and system software from companies like Unisoc and UOS.

Low Air Economy: Focus on companies like LaiShi Information, XinChen Technology, and NaRui Radar.
AI Large Models: Target firms such as Softtek and Kingsoft Office for their involvement in AI technology and international expansion.
AI Computing Power: Invest in companies like Inspur, Sun Microsystems, and HengWei Technology due to regulatory support and platform developments.
Trusted Computing: Prioritize companies like Topsec and China长城 based on recent security evaluations and product launches.

Performance: The A-Share Shenhua Computer Index fell 40.7% for the week (ending May 24, 2024), outperforming the CSI 300 Index by -20.9% and the创业板Sum Index by -13.7% in upside potential.
Sub-sectors: Within the secondary industries, IT Services II saw a sharp drop of -34.6%, while Software Development and Hardware Firms experienced declines.

Despite recent policy and technological advancements, the computer sector faced market downturn. Key themes involve horizontal and vertical opportunities in AI, computing, and trusted applications, while risks include slower-than-expected adoption and policy implementation.