Core Insights - Xixiangfeng Group Holdings Limited has officially entered the low-altitude economy sector with the establishment of its wholly-owned subsidiary, Xixiangfeng Low Altitude Integrated Services (Fujian) Co., Ltd, which obtained its business license in April 2025 [1][3] - The low-altitude economy encompasses various economic activities conducted in airspace below 1,000 meters, including logistics, agricultural protection, emergency rescue, and urban transportation [3][4] - The low-altitude economy in China is experiencing rapid growth, with the total output value reaching approximately 506 billion RMB in 2023, a year-on-year increase of 33.8% [3][4] Industry Overview - As of the first quarter of 2025, there are 82,400 existing low-altitude economy-related enterprises in China, with 5,934 new registrations in the same period, representing a year-on-year growth of 224% [3][4] - The market size of the low-altitude economy is projected to reach 859.17 billion RMB by 2025, with some institutions predicting it may exceed 1 trillion RMB [3][4] - By 2030, the industry scale is expected to surpass 3 trillion RMB, and by 2035, it is anticipated to reach 3.5 trillion RMB [3][4] Policy and Market Dynamics - The low-altitude economy has been incorporated into national strategy, with 30 provinces including it in their development plans [3][4] - Major cities such as Shenzhen, Hangzhou, Hefei, Suzhou, Chengdu, and Chongqing have been designated as pilot cities for operations below 600 meters [3][4] - The capital market is increasingly focused on the low-altitude economy, with 101 financing cases and a total financing amount exceeding 6 billion RMB from Q1 2024 to Q1 2025 [4] Company Strategy - Xixiangfeng Group aims to leverage its extensive experience in financing leasing and customer resources to introduce a mature leasing model into the drone business, helping clients reduce upfront procurement costs and improve equipment utilization [4][5] - The company plans to invest in high-quality drone-related enterprises to enhance its competitive edge in the low-altitude economy [4][5] - Industry analysts believe that the low-altitude economy is in a window of policy benefits and market expansion, positioning it as a potential trillion-level industry [5]
喜相逢集团战略布局低空经济 政策红利下抢占万亿赛道