经济观察网 纵横股份（688070.SH）近期股价异动主要受以下因素影响。 行业政策与环境 根据公司官微2026年1月27日信息，纵横股份跻身全球无人机上市公司市值排名第四位，为榜单中唯一 上榜的中国企业。此外，公司大型固定翼无人机"云龙-1P"于2026年1月完成首飞试验，有效任务载荷能 力达350千克，技术突破增强市场对其应用场景拓展的预期。 资金面与技术面 截至2026年2月13日，纵横股份5日累计涨幅达3.89%，当日振幅5.72%，换手率2.00%。股价在2月13日 最高触及62.00元，突破近期波动区间上沿，MACD指标转正，短期资金活跃度明显提升。 综合来看，纵横股份股价异动是低空经济政策利好、公司盈利改善预期、技术突破及资金面共振的结 果。 以上内容基于公开资料整理，不构成投资建议。 2026年2月10日，五部门联合发文推进低空基础设施建设，提出到2027年全国低空公共航路地面移动通 信网络覆盖率超90%的目标，直接提振低空经济板块情绪。同期，成都工业无人机企业傲势科技于2月 10日宣布完成超3亿元D轮融资，进一步强化市场对低空经济产业链的关注度。 业绩经营情况 华创证券2026年2月12日研 ...

纵横股份（688070）深度研究报告 推荐（首次） 全谱系工业无人机领军企业，以"低空+AI 行业应用"深 化布局低空数字经济——华创交运|低空 60 系列（二十七） 公司研究 证 券 研 究 报 告 [ReportFinancialIndex] 主要财务指标 | | 2024A | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | | 营业总收入(百万) | 474 | 618 | 794 | 955 | | 同比增速(%) | 57.1% | 30.4% | 28.4% | 20.3% | | 归母净利润(百万) | -36 | 10 | 55 | 100 | | 同比增速(%) | 44.5% | 129.1% | 430.1% | 80.3% | | 每股盈利(元) | -0.41 | 0.12 | 0.63 | 1.14 | | 市盈率(倍) | -143 | 491 | 93 | 51 | | 市净率(倍) | 9.0 | 8.1 | 7.4 | 6.5 | 资料来源：公司公告，华创证券预测 注：股价为 2026 年 2 月 12 日收 ...

证券日报网讯2月12日，纵横股份在互动平台回答投资者提问时表示，2025年，随着国家及地方低空经 济相关规划的密集出台，无人机在智慧政务、巡检、应急救援、物流等领域的商业化应用快速落地。公 司核心产品与解决方案直接受益于市场需求的规模化放量，尤其在以"无人值守系统+纵横云+AI"形成 的低空AI数字化解决方案在国内多地开展应用示范，同时公司积极推进国内外重点项目交付验收，加 强成本费用控制，通过多措并举实现公司主营业务收入显著增长，净利润实现扭亏为盈。2026年，公司 将紧抓低空战略机遇，依托低空AI数字化解决方案，深化从"设备供应商"向"低空AI应用与运营"转型升 级，稳步提升公司经营质量及盈利能力。 ...

公司研究 证 券 研 究 报 告 纵横股份（688070）深度研究报告 推荐（首次） 全谱系工业无人机领军企业，以"低空+AI 行业应用"深 化布局低空数字经济——华创交运|低空 60 系列（二十七） [ReportFinancialIndex] 主要财务指标 | | 2024A | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | | 营业总收入(百万) | 474 | 618 | 794 | 955 | | 同比增速(%) | 57.1% | 30.4% | 28.4% | 20.3% | | 归母净利润(百万) | -36 | 10 | 55 | 100 | | 同比增速(%) | 44.5% | 129.1% | 430.1% | 80.3% | | 每股盈利(元) | -0.41 | 0.12 | 0.63 | 1.14 | | 市盈率(倍) | -143 | 491 | 93 | 51 | | 市净率(倍) | 9.0 | 8.1 | 7.4 | 6.5 | 资料来源：公司公告，华创证券预测 注：股价为 2026 年 2 月 12 日收 ...

Group 1 - The core viewpoint of the article highlights that Zongheng Co., Ltd. ranks fourth in the global drone company market capitalization list, reflecting investor confidence in the company's technology path, business model, and long-term growth potential in the industrial drone sector [1][2] - Zongheng Co., Ltd. is recognized as the "first industrial drone stock" after its listing on the Sci-Tech Innovation Board in 2021, and it currently holds the largest market share in the vertical take-off and landing fixed-wing drone sector in China, with operations spanning over 40 countries and regions [1][2] - The report from Droneii indicates that the total market capitalization of the listed drone companies increased by $7.36 billion compared to last year, reaching $10.926 billion, showcasing strong growth potential in the industry [1] Group 2 - Drones are a crucial component of the low-altitude economy, and Sichuan has included the low-altitude economy as one of the 15 key industrial chains for development in the province, implementing various measures to strengthen the industry [2] - Sichuan is accelerating the commercialization of high-end low-altitude equipment, including the Yilong series drones, "Double-tailed Scorpion" large medium-altitude long-endurance drones, "Cloud Shadow" drones, and AE200 eVTOL [2] - The province plans to enhance support in policy funding, application scenario expansion, research and manufacturing, airspace collaborative management, and supporting capacity construction to accelerate the development of a low-altitude economic hub in the western region [2]

纵横股份 20260202 摘要 纵横股份 2025 年营收预计 6 亿元，同比增长 20%，全年净利率 1.7%，较 2024 年提升 9.2 个百分点。四季度营收 3 亿元，同比增长 10%，净利润 3,000 万元，同比增长 71%，单季净利率达 10.2%。 公司聚焦数字经济和海外市场，2025 年数字经济相关业务中标接近 4 亿元，预计 2026 年维持向好趋势。海外市场加大 CW40 和 ZW100 等 产品开拓，同时加大低空消防和水利应用等垂直业务研发。 公司战略转型为低空 AI 应用与运营服务商，深化智慧政务和行业专业化 应用布局，加强软硬件迭代，强化产业生态合作，优化供应链与成本费 用，提高运营效率与盈利质量。 收入结构变化显著，数字经济占比约 30%，出口收入超 1 亿元，剩余来 自传统应用领域。无人值守系统设备加软件的市场空间已超过百亿，加 上服务市场空间更大，预计年化增速超 30%。 云龙系列大载重无人机已有四款型号，载重范围 500 公斤至 2 吨，续航 15 至 35 小时，主要面向国内行业应用及海外市场，预计未来 8-10 年 国际需求量可能达到 300 多架。 Q&A 纵横股份 ...

Core Viewpoint - The low-altitude economy sector is showing mixed results for 2025, with 22 companies expected to be profitable while another 22 are projected to incur losses, indicating a significant divergence in performance within the industry [3]. Performance Forecast Summary Profit Growth - 11 companies are expected to report profit increases, with notable projections including: - Xinzhi Group (002664.SZ) and Shangluo Electronics (300975.SZ) anticipating several-fold increases in net profit [4]. - Weihai Guangtai (002111.SZ), Tongyu Heavy Industry (300185.SZ), and Guangyang Co. (002708.SZ) expecting over 50% growth in net profit [4]. - Wan Feng Aowei (002085.SZ) and Zongshen Power (001696.SZ) also forecasted net profit growth [4]. Losses - 22 companies are projected to incur losses, with several notable cases: - Zhongtian Rocket (003009.SZ) and Andavil (300719.SZ) have shifted from profit to loss [7]. - Haige Communication (002465.SZ) is investing heavily in R&D, leading to increased costs and a projected loss [7]. - Companies like Aerospace Power (600343.SH) and Sihua Electronics (600990.SH) are also expected to continue reporting losses [8]. Industry Insights - The low-altitude economy's contribution to overall profits remains limited, with most revenue still coming from aircraft manufacturing and infrastructure construction [3]. - Companies like Wan Feng Aowei are leveraging their low-altitude business to drive profit growth, supported by strong orders in general aviation aircraft manufacturing and strategic acquisitions [5]. - The industry is witnessing a shift towards commercial applications of low-altitude technologies, with companies preparing for a significant commercialization phase in 2026 [9][10]. Strategic Developments - Companies are increasingly focusing on integrating low-altitude infrastructure and management platforms, as seen with Suzhou Keda's strategic investments in civil aviation infrastructure [11]. - The emphasis on R&D and market expansion in emerging fields like low-altitude economy is evident, with companies aiming to enhance their competitive edge through innovative solutions [7][11].

Core Insights - The event on January 30, 2026, in Chengdu focused on the "Aerospace Economy and Hydrogen Storage New Energy," highlighting the integration of commercial aerospace, low-altitude economy, and hydrogen energy storage [1] - A total of 33 specific cooperation opportunities were released under the "Aerospace, Sky, Hydrogen" integration scenario [1] Policy and Investment - Liangshan Prefecture announced special policies to support the concentrated development of the commercial aerospace industry, including five major policy initiatives such as full-chain fund support and full-cycle landing guarantees [1] - An investment cooperation signing ceremony was held, resulting in 11 projects being signed with a total investment amount of 73.1 billion yuan [1] - Three companies, Dongfang Space, Zongheng Co., and Guohydrogen Technology, were identified as the first "scene partners" to share their plans for industrial collaboration with Liangshan [1] Resource and Industry Development - Liangshan Prefecture possesses 220 million kilowatts of developable clean energy resources, with a solid foundation in the aerospace industry and increasingly prominent geographical advantages [1] - The region aims to transform traditional resource conversion paths by leveraging green energy as a foundation, aerospace industry as an engine, and scenario integration as a driving force to create a "super integration scenario" of "Aerospace, Sky, Hydrogen" [1]

1月30日，纵横股份涨5.18%，截至发稿，报63.61元/股，成交1.77亿元，换手率3.29%，总市值55.71亿 元。 诺安高端制造股票A（001707）基金经理为童宇。 截至发稿，童宇累计任职时间5年32天，现任基金资产总规模1.12亿元，任职期间最佳基金回报 51.55%， 任职期间最差基金回报28.92%。 声明：市场有风险，投资需谨慎。 本文基于第三方数据库自动发布，不代表新浪财经观点，任何在本 文出现的信息均只作为参考，不构成个人投资建议。如有出入请以实际公告为准。如有疑问，请联系 biz@staff.sina.com.cn。 责任编辑：小浪快报 资料显示，成都纵横自动化技术股份有限公司位于中国(四川)自由贸易试验区成都高新区天府五街200 号6号楼A区7楼，成立日期2010年4月8日，上市日期2021年2月10日，公司主营业务涉及工业无人机相 关产品的研发、生产、销售及服务。主营业务收入构成为：无人机系统68.97%，无人机服务13.69%， 其他9.13%，无人机配件8.20%。 从基金十大重仓股角度 数据显示，诺安基金旗下1只基金重仓纵横股份。诺安高端制造股票A（001707）四季度持有 ...

Fund Market - The issuance of new funds has accelerated this year, with total scale exceeding 100 billion yuan, driven by equity and FOF products [1] - 110 new funds were established by January 29, with a total issuance scale of 110.54 billion yuan, including 85 equity funds totaling 76.81 billion yuan [1] - FOF products have also maintained high popularity, with issuance scale surpassing 80 billion yuan in 2025 [1] Technology Sector - Over 260 companies on the Sci-Tech Innovation Board have released performance forecasts for 2025, with 105 companies reporting positive growth [1] - The focus on technology growth sectors such as artificial intelligence and biomedicine is expected to attract long-term capital [1] Aerospace Industry - A series of significant announcements were made at the Commercial Aerospace Action Conference, outlining the future of China's commercial aerospace sector [2] - By 2030, low-orbit satellite constellations are expected to be established, with launch costs potentially dropping below 10,000 yuan per kilogram [2] Communication Technology - China has achieved a new milestone in ground-space laser communication, with speeds reaching 120 Gbps [2] Semiconductor Development - Research teams have made advancements in two-dimensional semiconductors, specifically in the production of molybdenum disulfide films [2] Corporate Financial Performance - Apple reported a revenue of 143.8 billion USD for the quarter ending December 27, a 16% year-on-year increase, driven by strong iPhone 17 demand and a 38% increase in sales in China [3] - Adidas preliminary data indicates a fourth-quarter revenue of 6.08 billion euros, slightly below expectations, but full-year operating profit is projected at 2.06 billion euros, above estimates [4] Market Reactions - Microsoft experienced a significant stock sell-off, with a market value decrease of 357 billion USD, the second-largest single-day drop in history, attributed to concerns over AI spending and slowing cloud business growth [5][13] - Other tech stocks, including Alphabet and Nvidia, also faced substantial market value losses [5][13]