低空经济起飞

Core Viewpoint - The low-altitude economy is in its early and nurturing stage, with significant progress made despite a slower pace in commercialization and large-scale delivery [3][14]. Group 1: Industry Overview - The low-altitude economy index has increased by 15.78% year-to-date as of September 5 [3]. - The total revenue of 70 component stocks in the low-altitude economy reached 173.14 billion yuan, a year-on-year increase of 2.4%, while net profit attributable to shareholders decreased by 16.72% to 8.49 billion yuan [3]. Group 2: Infrastructure Development - Infrastructure is crucial for the low-altitude economy, with new players emerging to address the complexities of low-altitude infrastructure [6]. - Zhongke Xingtu has developed its low-altitude business into one of its three major sectors, achieving revenue of 63.81 million yuan from this segment, accounting for 4.73% of total revenue [6]. - Sichuan Jiuzhou has entered the low-altitude infrastructure sector, reporting a revenue of 1.85 billion yuan, a year-on-year increase of 5.53% [7]. Group 3: Certification and Industry Chain Development - The low-altitude economy has seen significant milestones in airworthiness certification, with EHang's subsidiaries receiving the world's first passenger operation certificates [9]. - Peak Fly Aviation became the first to obtain cargo version TC certification for a ton-level eVTOL model, marking a breakthrough in cargo low-altitude equipment [10]. - Companies like Yingboer are collaborating with leading eVTOL firms, enhancing their capabilities in the low-altitude economy [11]. Group 4: Commercialization Progress - EHang has adjusted its annual revenue guidance down from 900 million yuan to approximately 500 million yuan, focusing on expanding commercial eVTOL operations rather than just delivery volume [14]. - A landmark case in low-altitude commercialization was the successful transportation flight to an offshore oil platform, showcasing eVTOL's capabilities in complex environments [15]. - The stock price of China National Offshore Oil Corporation rose by 5.54% following the announcement of this successful flight [16].