Core Viewpoint - Jifeng Aviation (Wuhan) Co., Ltd. has been established with a registered capital of 10 million yuan, focusing on general aviation services and drone manufacturing and sales [1] Group 1: Company Overview - The legal representative of Jifeng Aviation is Jizhou Cheng [1] - The company is co-owned by Jifeng Technology's wholly-owned subsidiary Jifeng Low-altitude Technology (Hubei) Co., Ltd. and Xiahe Innovation Technology (Wuhan) Co., Ltd. [1] Group 2: Business Scope - The business scope includes general aviation services, surveying services, civil aviation pilot training, intelligent unmanned aerial vehicle manufacturing, and sales [1]

金元证券近日发布低空经济周报（第五十周）：本周低空经济指数涨2.23%，相对涨幅2.31%，日均成 交额633.48亿元，市盈率（TTM）达121.53倍，本周日均主力净流入额-12.59亿元。较上周而言，本周 成交额大幅上升，估值维持高位，主力资金净流出。 以下为研究报告摘要： 板块行情回顾： 本周低空经济指数涨2.23%，相对涨幅2.31%，日均成交额633.48亿元，市盈率（TTM）达121.53倍，本 周日均主力净流入额-12.59亿元。较上周而言，本周成交额大幅上升，估值维持高位，主力资金净流 出。 个股表现： 本周涨幅前五个股为西部材料、超捷股份、四创电子、广联航空、航天电子；跌幅前五个股为中兴通 讯、英博尔、星源卓镁、超图软件、中化岩土。 3."海口秀英至广东徐闻"低空无人机常态化物流航线开通；4."九天"无人机成功首飞； 5.彩虹-7高空高速隐身无人机成功首飞； 6.天晴空天科技国产运投无人机SUNNY－T2000正式下线7.国产首款重载eVTOL AR-E800首飞成功； 8.浙江金华编织无人配送网络畅通"最后一公里"； 9.合肥市召开推进低空寄递物流专题会议； 10.国家医保局组织医保领域 ...

Core Insights - The article discusses the historic moment for Hainan Free Trade Port as it prepares for full island closure operations, highlighting the significance of the 2025 14th Annual Development Conference for Listed Companies and the opportunities presented by the Hainan Free Trade Port [1] Group 1: New Paradigm of Chinese Enterprises Going Global - Chinese enterprises are evolving from competing on "products and costs" to focusing on "industrial chain capabilities and standard systems" for global expansion [1][2] - Nanshan Aluminum exemplifies the "chain-style going global" approach by establishing an industrial park in Indonesia, emphasizing a strategy of "chain operation, high-end manufacturing, and deep processing" [2] - The output of standards and regulations, as seen in the low-altitude economy proposed by Jifeng Technology, represents a shift towards exporting comprehensive operational standards rather than just products [3] Group 2: Integration of Green Standards - Shengxin Lithium Energy highlights the importance of meeting global ESG (Environmental, Social, and Governance) standards driven by major clients like BYD and Tesla, indicating a need for integrated resource, technology, and green standards in their global strategy [3] - The focus on carbon emission management and sustainable practices is becoming a critical aspect of the global expansion strategy for Chinese resource companies [3] Group 3: Future Competitiveness - Nanshan Aluminum is extending its high-end manufacturing advantages into the robotics industry, leveraging its expertise in aluminum alloy materials for lightweight applications [5] - Jifeng Technology aims to enhance its "ecological empowerment capability" by integrating regulations and ecological partners into its global expansion efforts, particularly in Indonesia's low-altitude economy [5] - Shengxin Lithium Energy emphasizes the importance of resource acquisition and development capabilities as the foundation for maintaining manufacturing advantages and market influence in the lithium battery sector [5][6]

免责声明：本文内容与数据仅供参考，不构成投资建议，使用前请核实。据此操作，风险自担。 田刚强举例道，低空经济在部分国家的发展还是"一片空白"。以印尼为例，该国共有1.7万个海岛，约 1.3万个岛上有人生活。基于现在的垂直起降类飞行器，未来每个岛布局5至10架飞机不成问题。但现在 的调度和管理政策、法规等，这一系列的生态肯定是不成熟的。所以，吉峰航空不仅要自身走出去，还 要带着我们的法规、管控、生态伙伴、基础设施的新标准等同步走出去。这是我们未来的规划，也将是 我们的核心竞争力。 每经讯 12月11日至13日，由每日经济新闻与海南国际经济发展局联合主办的2025第十四届上市公司发 展年会暨海南自贸港开放机遇交流大会系列活动在海口举行。在12月12日的主会场圆桌讨论环节，吉峰 科技董事长田刚强谈及低空行业出海话题时表示，吉峰航空未来的发展分三步走：一是先飞起来，在各 个区域要有符合经济模型的飞行器；二是飞得安全，这个"安全"包括政府管控，以及我们作为新质低空 航司的自身能力、管控标准等；三是飞的经济模型闭环。 ...

Core Viewpoint - The domestic aircraft manufacturing industry is actively pursuing various certifications, including Type Certificate (TC), Airworthiness Certificate (AC), and Production Certificate (PC), to support the development of eVTOL (electric Vertical Take-Off and Landing) aircraft standards in the civil aviation sector [2] Group 1: Industry Developments - Domestic aircraft manufacturers are working on obtaining necessary certifications to enhance their operational capabilities [2] - The civil aviation industry is promoting the establishment of standards for eVTOL aircraft [2] - The low-altitude industry is expected to see the emergence of many new aircraft, supported by a comprehensive set of low-altitude operational standards [2] Group 2: International Expansion - The goal of the low-altitude industry's international expansion is not only to sell aircraft abroad but also to export the entire Chinese low-altitude ecosystem and industry standards [2] - This includes the export of management, regulations, take-off and landing facilities, and operational standards [2]

（文章来源：每日经济新闻） 每经讯12月11日至13日，每日经济新闻与海南国际经济发展局联合主办的"2025第十四届上市公司发展 年会暨海南自贸港开放机遇交流大会"系列活动在海口举行。12月12日，吉峰科技董事长田刚强在主会 场圆桌讨论环节表示，吉峰科技接下来的一个核心业务板块会是"吉峰航空"［即吉峰航空科技（四川） 有限责任公司］，着力发展低空经济业务。据悉，今年9月初，田刚强当选吉峰科技董事长。当时公司 同步宣布拟以5000万元成立全资子公司吉峰航空，打造新的盈利增长点。田刚强说，吉峰航空接下来锚 定的是"新质的低空航司"。 ...

Group 1 - Lu Kang Pharmaceutical plans to increase capital by 109 million yuan to its wholly-owned subsidiary Bio-Pesticide Company and 27 million yuan to Ze Run Company, aiming to expand its pesticide and sales sectors [1] - Hui Green Ecology intends to sell two properties in Ningbo for 12.52 million yuan, expecting a net profit impact of approximately 6.23 million yuan from the transaction [2] - Tianyuan Co., Ltd. plans to invest 185 million yuan in an intelligent upgrade project for its titanium dioxide production facilities [3] Group 2 - Metro Design has received approval from the Shenzhen Stock Exchange for its share issuance to acquire 100% equity of Guangzhou Metro Engineering Consulting Co., Ltd. for 511 million yuan [4] - South Network Energy announced a mid-term profit distribution plan for 2025, proposing a cash dividend of 0.07 yuan per 10 shares [5] - Qibin Group plans to establish two wholly-owned subsidiaries in Shenzhen with a registered capital of 100 million yuan each [6] Group 3 - All New Good received an administrative regulatory decision from the Shenzhen Securities Regulatory Bureau due to issues in financial accounting and information disclosure [7] - Luokai Co., Ltd. announced that its shareholders plan to reduce their holdings by up to 3% of the company's shares [8][9] - Jincheng Pharmaceutical's actual controller received an administrative penalty from the CSRC for stock manipulation, leading to the resignation of the chairman [10] Group 4 - Yicheng New Energy intends to acquire a 7.69% stake in Kaifeng Times for 10 million yuan, enhancing its strategic development [11] - Yujing Co., Ltd. signed a sales contract worth approximately 28.6 million USD with an overseas photovoltaic company [12] - Nuocheng Jianhua's TRK inhibitor, Zoltracitinib, has been approved for market entry in China [13] Group 5 - Nandu Power announced that its controlling shareholder is planning a change in control, leading to a temporary suspension of its stock [14] - Xinxing Casting plans to acquire 100% equity of China Resources Steel for 1.244 billion yuan to focus on special steel development [15] - Xinlitai is planning to issue H-shares and list on the Hong Kong Stock Exchange [16] Group 6 - Blue Fan Medical's subsidiary received approval for a new medical device, the coronary artery scoring balloon dilation catheter [18] - China Iron & Steel plans to establish a joint venture with several companies to provide new energy transportation solutions with a registered capital of 500 million yuan [19] - Jifeng Technology intends to sign a cooperation framework agreement with Dongtai Lianfei for a total transaction amount not exceeding 100 million yuan [20] Group 7 - Zhongwei Electronics announced a change in its actual controller, with stock resuming trading [21] - Weihong Co., Ltd. plans to reduce its holdings by up to 1.15% of the company's shares [22] - Te Fa Information received a criminal judgment related to a fraud case involving the acquisition of Shenzhen Te Fa Dongzhi Technology Co., Ltd. [23] Group 8 - Sunshine Dairy's controlling shareholder's concerted action plans to reduce holdings by up to 3% of the company's shares [24] - Meikailong reported that Taobao Holdings and New Retail Fund collectively reduced their H-shares by 30.616 million shares [25] - Xinjubang plans to issue H-shares and apply for listing on the Hong Kong Stock Exchange [26] Group 9 - Beite Technology's application for issuing A-shares to specific objects has been approved by the Shanghai Stock Exchange [28] - Victory Energy's controlling shareholder is planning a change in control, with stock resuming trading [29] - Jiutian Pharmaceutical signed a patent and technology transfer agreement for a small molecule analgesic drug project, with a total transfer fee not exceeding 400 million yuan [29]

Group 1: Resumption and Suspension of Trading - Zhongwei Electronics will have its actual controller changed to Fu Yingbo, and its stock will resume trading starting tomorrow [1] - Nandu Power is planning a change in control and will suspend trading from December 12 [1] Group 2: Capital Increase and Mergers & Acquisitions - Zhaoxin Co., Ltd. plans to acquire 70% of the equity of Youde New Energy, a leading company in the new energy operation and maintenance sector [2] - Chunguang Technology intends to raise no more than 776 million yuan through a private placement for projects including the construction of a new facility for producing 8 million clean electrical products annually in Suzhou and a production base in Vietnam [2] - New Xing Foundry's subsidiary Wuhu New Xing plans to acquire 100% of China Resources Steel for a transaction price of 1.244 billion yuan [2] Group 3: Share Transfer - Jintian Titanium Industry's shareholder, the National Industrial Investment Fund, intends to acquire 4.90% of the company's shares [3] - Longda Co., Ltd.'s shareholder, Guolian Investment, plans to transfer 5.00% of its shares through an agreement [4] - Tailong Pharmaceutical's shareholder, Zhengzhou Tairong Industrial Investment, intends to transfer 8.73% of its shares through an agreement [5] Group 4: External Investments and Daily Operations - Zhuhai Gree's subsidiary, Zhejiang Gree, is increasing its capital and introducing external investor Yufu Gaoqing Fund [6] - Innovent Biologics has received approval for its next-generation TRK inhibitor, Zoltriatinib (ICP-723), for treating adult and adolescent patients with NTRK fusion gene solid tumors [6] - Jifeng Technology plans to sign a cooperation framework agreement with Dongtai United Aircraft Technology for an amount not exceeding 100 million yuan [7] - Vanke A reported that as of October 31, the company and its subsidiaries have a guarantee balance of 84.476 billion yuan, with no overdue guarantee matters [8] - Yujing Co., Ltd. has signed a 202 million yuan equipment contract with an overseas photovoltaic company and a domestic enterprise [9] - Duofuduo plans to increase its capital by 1 billion yuan to its subsidiary Guangxi Ningfu [10]

格隆汇12月11日丨吉峰科技(300022.SZ)公布，公司拟与东台联合飞机科技有限公司（简称"东台联飞"） 签署《合作框架协议》，约定：自协议生效之日起到2026年12月31日，公司下属子公司向东台联飞采购 无人机整机及配件、支付代理经销保证金等交易总额预计不超过1.00亿元。 ...

智通财经APP讯，吉峰科技(300022.SZ)发布公告，公司拟与东台联合飞机科技有限公司(以下简称"东台 联飞")签署《合作框架协议》，约定：自协议生效之日起到2026年12月31日，公司下属子公司向东台联 飞采购无人机整机及配件、支付代理经销保证金等交易总额预计不超过1亿元。 ...