Investment Rating - The report maintains a "Recommended" investment rating for the low-altitude economy sector [7] Core Insights - The low-altitude economy market in China is projected to exceed 1 trillion yuan by 2026, with a compound annual growth rate of approximately 30% from a current size of 505.95 billion yuan in 2023, which represents a growth rate of 33.8% [1][37] - The low-altitude economy encompasses various sectors, including aircraft manufacturing and operational services, which account for 55% of the market, while supply chain, consumption, and transportation contribute 40% [1] - The Chinese drone industry is leading globally, with significant players like DJI and EHang, and the commercialization of eVTOL (electric Vertical Take-Off and Landing) is accelerating [1] Summary by Sections 1. Low-altitude Economy Emergence - The low-altitude economy integrates low-altitude flight activities with various industries, primarily involving drones, eVTOLs, and helicopters, operating below 1,000 meters [13] 2. Policy and Capital Driving Growth - The government has initiated a "safe and regulated development" strategy for the low-altitude economy, with significant investments and pilot projects across multiple cities [2] - In 2024, financing in the eVTOL sector exceeded 6.5 billion yuan, with various specialized funds being established to support the industry [2] 3. Technological Advancements and Application Scenarios - Key technologies in the sector include drones and eVTOLs, with ongoing innovations in automation and intelligence [3] - Core application areas are expanding to include logistics, urban transportation, and emergency rescue [3] 4. Regional Development Dynamics - The Yangtze River Delta, Pearl River Delta, and Chengdu-Chongqing regions are emerging as key players in the low-altitude economy, with cities like Shanghai and Shenzhen leading in infrastructure and regulatory frameworks [4] 5. Investment Recommendations - The report suggests focusing on companies involved in aviation batteries and core components, low-altitude security and air traffic management systems, eVTOL and drone manufacturing, and infrastructure development [5]

关于回购股份的进展公告 证券代码：002023 证券简称：海特高新 公告编号：2025-029 四川海特高新技术股份有限公司 本次回购股份资金来源为公司自筹资金及股票回购专项贷款，回购价格未超 过人民币13.50元/股（含本数），符合既定的回购方案和相关法律法规的要求。 二、其他说明 （一）公司回购股份的时间、回购股份数量及集中竞价交易的委托时段符 合《深圳证券交易所上市公司自律监管指引第9号——回购股份》第十七条、十 八条的相关规定。 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 四川海特高新技术股份有限公司（以下简称"公司"）2025年4月22日召开 第八届董事会第十五次会议审议通过了《关于回购公司股份的议案》，同意公司 使用自有资金或自筹资金不低于人民币6,000万元(含)，且不超过人民币8,000万 元（含），以不超过人民币13.50元/股（含）的价格回购公司股份。回购期限自 董事会审议通过本回购股份方案之日起12个月。具体内容详见公司于2025年4月 24日在《证券时报》、《上海证券报》、《中国证券报》、《证券日报》和巨潮 资讯网 (www.cni ...

Core Viewpoint - Hite High-tech (002023.SZ) has decided to sell a package of three B737-800 aircraft, which were previously acquired for leasing purposes, as part of its operational development strategy [1][2]. Group 1: Sale Details - The company announced the sale of three B737-800 aircraft with a market price range of $0.73 billion to $1.04 billion, with the actual sale price to be determined through negotiation [2][3]. - The purchasing companies have low registered capital of only 100,000 yuan, but are backed by strong shareholders, including major state-owned enterprises from Sichuan [2][4]. - The sale is part of a strategic shift to optimize the company's asset structure and focus on equipment technology investment [3][6]. Group 2: Historical Context and Financials - The B737-800 aircraft were purchased in 2019 and 2023, with the first aircraft bought to enhance the company's aviation leasing business and related services [6][7]. - The purchase price of the aircraft was significantly lower than the catalog price, which was $2.122 billion for the two aircraft bought in 2023 [6][7]. - The leasing income from the B737-800 aircraft has not been as high as that from the Airbus A330, which contributed over 10% to the company's net profit last year [2][8]. Group 3: Future Outlook - The company is optimistic about the market for converting passenger aircraft to cargo aircraft, with a forecast indicating a need for 556 cargo aircraft by 2043, including 366 conversions from passenger models [8]. - Hite High-tech is an authorized manufacturer for IAI Boeing 777 and Boeing 737 conversions, with significant revenue from aviation engineering and services [8].

股票代码：002023 股票简称：海特高新 公告编号：2025-028 四川海特高新技术股份有限公司 关于出售飞机资产包的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 一、交易概述 1、根据四川海特高新技术股份有限公司（以下简称"公司"）经营发展规 划，由公司全资孙公司天津华新一号租赁有限公司向购买方天津津瑞租赁有限公 司出售 1 架 B737-800 飞机；由公司全资孙公司天津华新拾年租赁有限公司向购 买方天津清控山壹飞机租赁有限公司出售 1 架 B737-800 飞机；由公司全资孙公 司天津华新九天租赁有限公司向购买方天津清控山贰飞机租赁有限公司出售 1 架 B737-800 飞机。 2、公司于 2025 年 6 月 24 日召开第九届董事会第二次会议，审议通过《关 于出售飞机资产包的议案》，同意孙公司出售飞机资产包。 3、根据《深圳证券交易所股票上市规则》和《公司章程》等有关规定，本 次出售飞机事项不构成关联交易，亦不构成《上市公司重大资产重组管理办法》 规定的重大资产重组。本次交易在公司董事会审批权限范围内，无需提交公司股 东会审议批准。 二、 ...

股票代码：002023 股票简称：海特高新 公告编号：2025－027 四川海特高新技术股份有限公司 第九届董事会第二次会议决议公告 经与会董事充分讨论，会议审议并通过了以下决议： （一）以9票同意，0票反对，0票弃权，审议通过了《关于出售飞机资产包的议案》； 《关于出售飞机资产包的公告》（公告编号2025-028）具体内容刊登于2025年6月 25日《证券时报》、《上海证券报》、《中国证券报》、《证券日报》和巨潮资讯网 (www.cninfo.com.cn)。 特此公告。 四川海特高新技术股份有限公司董事会 2025年6月25日 1 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 一、董事会会议召开情况 四川海特高新技术股份有限公司（以下简称"公司"）第九届董事会第二次会议通 知于2025年6月20日以邮件形式发出，会议于2025年6月24日在公司四楼会议室以现场结 合通讯表决方式召开。会议应出席董事9名，实际出席董事9名。公司部分高级管理人员 列席了会议。会议由公司董事长邓珍容女士召集并主持，本次会议的召集、召开与表决 程序符合《公司法》和《公司章程》等有 ...

Core Viewpoint - Hite High-tech announced the sale of three B737-800 aircraft assets, which will help optimize the company's asset-liability structure and improve operational efficiency [1] Group 1: Transaction Details - The sale involves three wholly-owned subsidiaries of Hite High-tech, which are Tianjin Huaxin No.1 Leasing Co., Tianjin Huaxin Shinian Leasing Co., and Tianjin Huaxin Jiutian Leasing Co. [1] - Each subsidiary is selling one B737-800 aircraft to different leasing companies, namely Tianjin Jinrui Leasing Co., Tianjin Qingkong Shan Yi Aircraft Leasing Co., and Tianjin Qingkong Shan Er Aircraft Leasing Co. [1] - The transaction price is based on market fair value, with the actual sale price ranging from $0.73 billion to $1.04 billion [1] Group 2: Financial Implications - Proceeds from the sale will be used for the company's daily operations [1] - The transaction aligns with the company's overall development strategy [1]

Core Viewpoint - Sichuan Hite High-tech Co., Ltd. has approved a share repurchase plan, intending to buy back shares using funds between RMB 60 million and RMB 80 million at a price not exceeding RMB 13.50 per share within a 12-month period [1][2]. Share Repurchase Progress - The company conducted its first share repurchase on June 17, 2025, acquiring 389,700 shares, which represents 0.05% of the total share capital. The highest transaction price was RMB 10.20 per share, and the lowest was RMB 10.15 per share, with a total transaction amount of RMB 3,967,579.00 (excluding transaction fees) [1][2]. - The funds for the repurchase were sourced from the company's self-raised funds and a special loan for share repurchase, adhering to the established repurchase plan and relevant legal regulations [1][2].

Group 1 - The core viewpoint of the news is the strategic cooperation between Tianjin Yijie Haite General Aviation Service Co., Ltd. and Jixing Business Aviation Co., Ltd., aimed at enhancing service capabilities in the business aviation sector as it gradually recovers [1][2] - Jixing Aviation, established in September 2011, provides services such as business jet charter, private aircraft management, flight support, maintenance, and consulting, primarily operating high-end Airbus ACJ and Gulfstream jets [1] - Yijie Haite, a wholly-owned subsidiary of Haite Group, offers comprehensive maintenance services for various aircraft models and operates bases at Tianjin Binhai International Airport and Beijing Daxing International Airport [1] Group 2 - The strategic partnership signifies a deep integration and upgrade of quality resources within China's business aviation industry [2] - The business aviation sector in China has been gradually recovering since 2023, with a notable increase in demand for charter services, although operators face challenges due to limited fleet size [2] - In May 2023, the total number of business jet flights in China and cross-border routes reached 2,157, marking a year-on-year increase of 1.8%, with cross-border flights rising by 6% [2]

一、回购公司股份的进展情况 根据《上市公司股份回购规则》、《深圳证券交易所上市公司自律监管指引 第9号——回购股份》等相关规定，公司应当在首次回购股份事实发生的次日予 以披露。现将首次回购公司股份的情况公告如下： 公司于2025年6月17日首次通过股票回购专用证券账户以集中竞价方式回购 股份，回购股份数量为389,700股，占公司总股本的0.05%。首次回购股份的最高 成交价为10.20元/股，最低成交价为10.15元/股，成交总金额为3,967,579.00元（不 含交易费用）。本次回购股份资金来源为公司自筹资金及股票回购专项贷款，回 购价格未超过人民币13.50元/股（含本数），符合既定的回购方案和相关法律法 规的要求。 证券代码：002023 证券简称：海特高新 公告编号：2025-026 四川海特高新技术股份有限公司 关于首次回购股份的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 四川海特高新技术股份有限公司（以下简称"公司"）2025年4月22日召开 第八届董事会第十五次会议审议通过了《关于回购公司股份的议案》，同意公司 使用自有资金或自筹资 ...

Core Viewpoint - Sichuan Hite High-tech Co., Ltd. has announced its first share repurchase plan, intending to buy back shares using self-raised funds between RMB 60 million and RMB 80 million at a price not exceeding RMB 13.50 per share within 12 months from the board's approval date [1]. Group 1: Share Repurchase Progress - The company completed its first share repurchase on June 17, 2025, acquiring 389,700 shares, which represents 0.05% of the total share capital. The highest transaction price was RMB 10.20 per share, and the lowest was RMB 10.15 per share, with a total transaction amount of RMB 3,967,579 (excluding transaction fees) [2]. - The funds for this repurchase were sourced from self-raised funds and a special loan for share repurchase, adhering to the previously established repurchase plan and relevant legal regulations [2]. Group 2: Compliance and Regulations - The timing, quantity of shares repurchased, and the trading period for the concentrated bidding comply with the relevant regulations set forth by the Shenzhen Stock Exchange [3]. - The company did not repurchase shares during specific periods that could significantly impact the trading price of its securities or during other restricted circumstances as defined by regulatory authorities [4]. - The share repurchase was conducted in accordance with the requirements for concentrated bidding transactions, ensuring compliance with the trading price limits and other regulatory stipulations [5].