Group 1 - The low-altitude economy concept is experiencing strong fluctuations, with several companies showing significant stock price increases [1] - Shangong Shenbei has seen its stock price rise and hit the upper limit, while Guangyang Co. previously reached a trading limit [1] - Companies such as Zongheng Co., Shangluo Electronics, Lais Information, and Xingwang Yuda have all increased by over 6% [1]

Group 1 - The core viewpoint of the news is that Zongheng Co., Ltd. has seen a significant increase in its stock price, rising by 5.11% to 55.54 CNY per share, with a total market capitalization of 4.864 billion CNY [1] - Zongheng Co., Ltd. specializes in the research, production, sales, and services of industrial drone-related products, with its main business revenue composition being 68.97% from drone systems, 13.69% from drone services, 9.13% from other sources, and 8.20% from drone accessories [1] Group 2 - Dongcai Fund has a significant holding in Zongheng Co., Ltd., with its flagship fund, Dongcai Value Start Mixed Initiation A (018096), holding 13,000 shares, representing 6.48% of the fund's net value [2] - The fund has experienced a loss of 12.71% this year, ranking 8162 out of 8173 in its category, and a loss of 10.11% over the past year, ranking 7995 out of 7996 [2] - The fund manager, Luo Shen, has been in position for 225 days, with the fund's total asset size at 30.0017 million CNY and a best return of 10.86% during his tenure [2]

Group 1 - The core viewpoint of the news is the performance and market position of Chengdu Zongheng Automation Technology Co., Ltd., which saw a stock price increase of 5.27% to 54.09 CNY per share, with a total market capitalization of 4.737 billion CNY [1] - The company specializes in the research, production, sales, and services of industrial drone-related products, with its main business revenue composition being: 68.97% from drone systems, 13.69% from drone services, 9.13% from other sources, and 8.20% from drone accessories [1] - Zongheng shares are held by the Noan Fund, specifically the Noan Jingxin Mixed Fund, which has a holding of 35,800 shares, accounting for 4.38% of the fund's net value, ranking as the tenth largest holding [2] Group 2 - The Noan Jingxin Mixed Fund, managed by Li Yuliang, has achieved a year-to-date return of 50.59% and a one-year return of 81.28%, ranking 912 out of 8244 and 1105 out of 8066 respectively [2] - The fund has a total asset size of approximately 39.41 million CNY, with a best return of 197.09% and a worst return of -86.55% during Li Yuliang's tenure of over 10 years [3]

Core Viewpoint - Equity incentives are becoming a norm in the domestic capital market, serving as an important mechanism for listed companies to improve internal governance [1] Group 1: Overview of Equity Incentives in Sichuan - As of September 17, there are 179 A-share listed companies in Sichuan, with 9 companies implementing equity incentives this year, involving over 1,250 individuals [1] - All 9 companies that have implemented equity incentives are private enterprises, indicating that private companies are the main force behind the promotion of equity incentives in Sichuan [1] - The companies implementing equity incentives span multiple industries, with the defense and military industry being the most concentrated, having 4 companies, followed by the pharmaceutical and biotechnology industry with 2 companies, and the computer, construction decoration, and basic chemical industries with 1 company each [1] Group 2: Specific Companies and Their Incentive Plans - Chengdu XianDao set the grant date for its restricted stock incentive plan as September 15, 2025, granting 1,052,200 shares at a price of 13.99 yuan per share to 102 eligible recipients [1] - Kangtong Medical confirmed the grant date for its restricted stock incentive plan as July 22, 2025, granting 1,230,000 shares at a price of 10.01 yuan per share to 80 eligible recipients [2] - Huatu Shanding determined the initial and reserved grant dates for restricted stocks as July 15, granting a total of 3,049,480 shares at a price of 32.76 yuan per share to 338 individuals [3] - Jiachitech granted 1,187,000 shares of the second category of restricted stocks to 62 eligible recipients on June 3, at a price of 27.86 yuan per share [4] - Junyi Digital set June 20 as the grant date, granting a total of 7,000,000 stock options to 45 eligible recipients at an exercise price of 19.07 yuan per share [5] - Aileda granted 2,814,000 shares of the second category of restricted stocks to 220 eligible recipients on May 16, at a price of 9.25 yuan per share [8] - Zongheng Co. granted 1,735,000 shares of the second category of restricted stocks to 95 eligible recipients on April 17, at a price of 21.68 yuan per share [9] - Qiaoyuan Co. granted 739,700 shares of restricted stocks to 229 eligible recipients on February 27, with a price of 17.64 yuan per share [10]

Market Performance - The aviation equipment sector rose by 0.87% on September 17, with *ST Guandian leading the gains [1] - The Shanghai Composite Index closed at 3876.34, up 0.37%, while the Shenzhen Component Index closed at 13215.46, up 1.16% [1] Individual Stock Performance - Notable gainers included: - *ST Guanqu with a closing price of 4.85, up 5.21% with a trading volume of 59,400 shares and a turnover of 28.69 million yuan [1] - Maxinlin at 61.80, up 4.29% with a trading volume of 54,500 shares and a turnover of 335 million yuan [1] - Guangqi Technology at 48.76, up 3.99% with a trading volume of 513,800 shares and a turnover of 2.487 billion yuan [1] - Other stocks with positive performance included Huayin Technology, Hangfa Technology, and Feilv Technology, all showing increases in their closing prices and trading volumes [1] Fund Flow Analysis - The aviation equipment sector experienced a net outflow of 217 million yuan from institutional investors, while retail investors saw a net inflow of 204 million yuan [2] - The top stocks by net inflow from retail investors included Guangqi Technology and Feilv Technology, indicating strong retail interest despite institutional outflows [3] Summary of Key Stocks - Guangqi Technology had a significant net inflow of 128 million yuan from institutional investors, while experiencing a net outflow of 10.16 million yuan from speculative funds [3] - Feilv Technology also saw a net inflow of 124 million yuan from institutional investors, with a notable outflow from retail investors [3] - Other stocks like Haita High-tech and Hangfa Technology showed mixed fund flows, with varying levels of institutional and retail interest [3]

Core Viewpoint - The low-altitude economy in China is experiencing rapid growth, with the overall market size surpassing 500 billion yuan in 2023, and is projected to reach 1 trillion yuan in the near future, driven by market demand and supportive policies [1][11]. Summary by Sections Low-altitude Economy + Inspection Overview - The low-altitude economy + inspection refers to economic activities utilizing low-altitude aircraft such as drones and helicopters for various inspection tasks below 1,000 meters, with potential extensions up to 3,000 meters [3][4]. - This sector is characterized by the integration of advanced technologies like AI, blockchain, and VR/AR for real-time monitoring and data management [3]. Market Size and Growth - The market size for the low-altitude economy + inspection is estimated to be approximately 53.62 billion yuan in 2024, with expectations to grow to 120 billion yuan by 2025 [1][11]. - The overall low-altitude economy market is projected to reach about 670.25 billion yuan in 2024, with forecasts of 1.5 trillion yuan by 2025 and 3.5 trillion yuan by 2035 [4][5]. Policy Support - The Chinese government has introduced a series of policies to support the development of the low-altitude economy, including the inclusion of low-altitude economy in national planning and specific implementation plans for innovation in general aviation equipment [5][6]. - Key policies include financial support for critical technologies and products, aiming to enhance the industry's growth and technological capabilities [5]. Industry Chain - The low-altitude economy + inspection industry chain includes upstream hardware (materials, chips, engines), midstream manufacturing and services, and downstream applications in sectors like security, environmental protection, and energy [6][7]. - Chips are identified as a core component, essential for flight control, data processing, and communication in drones and eVTOLs [9]. Key Enterprises - Major companies in the low-altitude economy + inspection sector include DJI, Chengdu Zongheng Automation Technology Co., and several others specializing in industrial drones and related technologies [12][13]. - These companies are leveraging their technological expertise to provide innovative solutions across various applications, including public safety and environmental monitoring [12][13]. Development Trends - The industry is witnessing a trend towards increased technological integration and intelligence, with advancements in AI and machine vision enhancing operational capabilities [14]. - Application scenarios are diversifying, expanding from traditional inspections to areas like smart city management and emergency response [15]. - There is a significant enhancement in system integration and platform services, providing comprehensive solutions from data collection to intelligent analysis [16].

Group 1 - The company, Zongheng Co., announced the convening of its third extraordinary general meeting of shareholders for 2025 on September 9, 2025 [2] - The meeting approved the proposal regarding the revision and partial governance system of the company [2]

证券代码：688070 证券简称：纵横股份 公告编号：2025-047 成都纵横自动化技术股份有限公司 关于董事辞职并选举职工董事及补选董事会审计委员 会委员的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 成都纵横自动化技术股份有限公司（以下简称"公司"或"纵横股份"） 于 2025 年 9 月 9 日召开股东大会审议通过《关于修订<公司章程>及部分公司治理 制度的议案》，根据《公司章程》，公司设职工代表董事 1 名，由公司职工通过 职工大会民主选举产生。公司于 2025 年 9 月 9 日召开职工大会并做出决议，选举 杜亚辉先生为公司第二届董事会职工董事。 2025 年 9 月 9 日，公司召开第三届董事会第九次会议，审议通过了《关 于补选公司第三届董事会审计委员会委员的议案》，公司董事会同意补选职工代 表董事杜亚辉先生担任公司第三届董事会审计委员会委员。 （一）提前离任的基本情况 | 董事 | 职务 | 离 任 | | | --- | --- | --- | --- | | 2025 9 月 | ...

北京金杜（成都）律师事务所 关于成都纵横自动化技术股份有限公司 2025 年第三次临时股东大会之法律意见书 致：成都纵横自动化技术股份有限公司 北京金杜（成都）律师事务所（以下简称本所）接受成都纵横自动化技术股 份有限公司（以下简称公司）委托，根据《中华人民共和国证券法》（以下简称 《证券法》）、《中华人民共和国公司法》（以下简称《公司法》）、中国证券 监督管理委员会（以下简称中国证监会）《上市公司股东会规则》（以下简称《股 东会规则》）等中华人民共和国境内（以下简称中国境内，为本法律意见书之目 的，不包括中华人民共和国香港特别行政区、中华人民共和国澳门特别行政区和 中华人民共和国台湾省）现行有效的法律、行政法规、规章和规范性文件和现行 有效的公司章程有关规定，指派律师出席了公司于 2025 年 9 月 9 日召开的 2025 年第三次临时股东大会（以下简称本次股东大会），并就本次股东大会相关事项 出具本法律意见书。 为出具本法律意见书，本所律师审查了公司提供的以下文件，包括但不限于： 1. 公司 2023 年第二次临时股东大会审议通过的《成都纵横自动化技术股份 有限公司章程》（以下简称《公司章程》）； 2. ...

证券代码：688070 证券简称：纵横股份 公告编号：2025-046 成都纵横自动化技术股份有限公司 2025年第三次临时股东大会决议公告 本公司董事会及全体董事保证公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 票和网络投票相结合表决方式。本次股东大会的召集、召开程序、召集人资格、 会议的表决程序和表决结果均符合《中华人民共和国公司法》及《成都纵横自动 化技术股份有限公司章程》的规定。 重要内容提示： 本次会议是否有被否决议案：无 一、 会议召开和出席情况 （一） 股东大会召开的时间：2025 年 9 月 9 日 （二） 股东大会召开的地点：四川省成都市高新区天府五街菁蓉汇 3A11 楼 A3 会议室 （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： | 1、出席会议的股东和代理人人数 | 42 | | --- | --- | | 普通股股东人数 | 42 | | 2、出席会议的股东所持有的表决权数量 | 39,436,298 | | 普通股股东所持有表决权数量 | 39,436,298 | | 3 ...