SWSC(SH:600369) Zhi Tong Cai Jing·2025-12-24 02:51Group 1 - The core viewpoint is that China is actively promoting agricultural mechanization through subsidies, with the comprehensive mechanization rate expected to exceed 75% by 2024, achieving the goals set for the 14th Five-Year Plan ahead of schedule [2][3] - Agricultural drones are a key technology in this transformation, with China leading the global market and holding a significant share of the agricultural drone industry [2][3] - The industry is experiencing three major trends: a slowdown in domestic market competition, a shift towards smart driving technology in agricultural drones, and an acceleration of overseas market expansion by companies seeking new growth [3] Group 2 - The domestic market competition is expected to ease, with prices stabilizing around 30,000 to 40,000 yuan per unit [3] - The transition to smart driving technology is anticipated to lower operational barriers and enhance safety, leading to a rapid increase in the proportion of end consumers [3] - As domestic market penetration increases and prices drop significantly, overseas markets are becoming a target for Chinese agricultural drone companies seeking additional growth [3]