上市公司半年报观察——场景落地 低空经济万亿赛道加速腾飞

Core Insights - The low-altitude economy is rapidly becoming a strategic focus for many listed companies, with several reporting significant growth in related business areas in their half-year results for 2025 [1][3] - Multiple cities are actively implementing low-altitude economic development plans, indicating a competitive push into a trillion-yuan market, supported by reforms in low-altitude airspace and new infrastructure [1][4] Company Performance - Leading companies in the low-altitude economy sector have shown remarkable performance, with some reporting net profit increases of over 1000%, such as Qianfang Technology with a 1287% increase [3][4] - Companies like Zongheng Co. have reported a 61.72% year-on-year increase in revenue, driven by the rapid implementation of low-altitude digital economy projects [6] Market Potential - The low-altitude economy is projected to reach a scale of 1.6 trillion yuan by 2027, with significant growth expected in low-altitude logistics, including cold chain logistics and instant delivery services [4] - The market for low-altitude logistics is anticipated to create nearly 8 billion yuan in market space by 2027, driven by policy support and technological advancements [4] Industry Developments - Various provinces are developing tailored low-altitude economic action plans, with Sichuan province aiming to establish itself as a hub for low-altitude economic development [6] - Companies are actively expanding their business boundaries, with Hai Te Gao Xin collaborating with eVTOL manufacturers and Huaguang Yuanhai entering the bulk commodity logistics sector [7] Technological Advancements - Companies like Nairui Radar are broadening their market applications, including meteorological detection and civil aviation, while also planning international expansion [7] - The integration of AI and unmanned systems in low-altitude data services is being pursued by companies to enhance operational efficiency and service delivery [6]