深业上城第二季度客流同比增长15%，清明节首日客流突破32万人次，刷新福田区商业体单日客流纪 录；荣获观点网"2025购物中心综合实力卓越表现50"及香港旅行网站Gotrip"金牌大湾区最受欢迎商场大 奖"。此外，集团引入曼城+新鹏城青训基地落户笔架山体育公园；与中信海直达成战略合作，开通8条 大湾区航线；深业上城及笔架山体育公园已涵盖无人机配送、城际游览、低空载人航行、摆渡飞行等低 空经济场景。深圳市内首家免税店进驻深业上城，将于第三季度内开业，商圈业态持续丰富。 格隆汇7月23日丨深圳控股(00604.HK)宣布2025年第二季度主要业务进展。深圳市车公庙第一更新单元 二期项目拆迁收官，集团于2025年6月份完成南地块土地合同签署，进入实质开发阶段。车公庙第一更 新单元二期项目占地2.8万平方米，总建面48.8万平方米，计容建筑面积36万平方米，未来将打造为集办 公、产业、商业为一体的TOD都会综合体，成为车公庙片区商务新地标。 地产销售方面，2025年第二季度，集团未经审计合同销售额约36.8亿元人民币，较第一季度环比上升 17.5%，合同销售面积约19.22万平方米，深圳区域重点项目(如山水东城、颐樾 ...

镇宁蜂糖 李"飞"下山_南 方+_南方plus 7月14日，安顺 市镇宁自治县六 马镇弄袍村的上 空格外忙。一筐 筐新鲜采摘的蜂 糖李乘坐无人 机，从果园"打 飞的"直达山下 的集散点。 为让消费者品尝 这一口"鲜"，根 据设定好的路 线，无人机自动 运行，平均每分 钟能运约100 斤，相当于每小 时约6000斤，相 比过去效率提升 约50倍。 "依靠三轮车和 人背马驮的陆路 运输，不仅耗时 长，果实损耗率 高，还存在一定 安全隐患。"镇 宁自治县蜂糖李 发展中心主任肖 华海说，核心产 区多分布在地形 崎岖的山 区，"低空鲜果 果农学习用无人机吊运蜂糖李。 送蜂糖李下 山"走捷径"，为 农产品寄递加 速。无人机运输 系统在恒丰源致 富蜂糖李基地率 先落地。效果好 不好，用户最有 发言权。 "无人机运输不 仅有速度优势， 而且直线飞行避 免了山路颠簸， 果实损伤率几乎 降为零。"贵州 黄果树果业有限 公司董事长兼总 经理岐斐的话， 一语中的。 贵州顺丰速运有 限公司也加入了 科技赋能行列。 该公司投入两台 载重50公斤、续 航10公里的丰翼 方舟150物流无 人机，联合贵州 航投立达物流有 限责任公司开辟 了弄 ...

Investment Rating - The report gives a "Buy" rating for the company based on its strategic positioning and growth potential in emerging sectors [6]. Core Insights - The company has shown strong foresight and strategic decisiveness in its business transformation, successfully divesting from traditional operations and entering the renewable energy sector, with plans to tap into the low-altitude economy by 2024 [3][18]. - The company has diversified its business, with the drone segment expected to become a new growth curve, particularly after acquiring a 57% stake in Zhongchuang Aviation, which operates in the rapidly growing heavy-duty drone market [3][5]. - The renewable energy business has demonstrated impressive growth, achieving revenue of 964 million yuan in 2024, a year-on-year increase of 64.17% [3][37]. Summary by Sections Business Transformation - The company has effectively transitioned from traditional businesses to focus on renewable energy, with significant revenue growth in its new segments [3][18]. - In 2024, the company reported total revenue of 1.015 billion yuan, a 56.05% increase year-on-year, with a notable contribution from its renewable energy sector [3][40]. Charging Pile Business - The charging pile industry is experiencing a golden development period driven by both policy and market demand, with the company positioned as a technology leader [4][52]. - The company is among the first to receive CCC certification, enhancing its competitive edge in the high-power charging equipment market [4][52]. Drone Business - The low-altitude economy is becoming a national strategic focus, with heavy-duty drones being a key area of support, aligning with national development goals [5][39]. - The acquisition of Zhongchuang Aviation allows the company to enter the industrial-grade heavy-lift drone market, which is expected to be a core engine for future growth [5][39]. Financial Projections - Revenue growth is projected to be 89.8%, 38.3%, and 29.2% for 2025-2027, with net profit growth expected to be 830.7%, 76.9%, and 52.6% respectively [6][8]. - The company's financial metrics indicate a significant increase in revenue and profitability, with a projected PE ratio decreasing from 50.34 in 2025 to 18.65 in 2027 [6][8].

Group 1 - The core viewpoint of the news is that Shandong Province is actively implementing policies to boost consumption, resulting in significant growth in retail sales and consumer spending [2][3] - In the first half of the year, the total retail sales of social consumer goods in Shandong reached 160.6 billion yuan, with a year-on-year growth of 7.3%, ranking sixth in the province [2] - The retail sales of above-limit consumer goods amounted to 56.6 billion yuan, showing a substantial year-on-year increase of 12.1%, also placing it among the top in the province [2] Group 2 - The city has introduced a new subsidy policy for digital products, enhancing the existing "trade-in" program for automobiles, home appliances, and electric bicycles, which has significantly stimulated large-scale consumption [2] - In the first half of the year, 1,058 merchants participated in the subsidy program, completing 105,000 transactions and redeeming over 92 million yuan in subsidies, directly driving large-scale consumption of 560 million yuan [2] - The subsidies for automobiles and home appliances were 17 million yuan and 44 million yuan respectively, becoming the main force in driving consumption [2] Group 3 - The hospitality and dining sectors in Shandong have seen significant growth, with the revenue of the limited-scale accommodation industry soaring by 36.3% and the dining industry growing by 9.6% in the first half of the year [3] - Major sporting events have also contributed to consumption growth, generating over 50 million yuan in revenue from dining, accommodation, and transportation [3] - The city is focusing on new economic sectors such as online economy, silver economy, low-altitude economy, and night economy, with significant achievements in e-commerce [3] Group 4 - The city has implemented safety checks in commercial areas, addressing 16 safety hazards and cracking down on illegal food additives to enhance consumer confidence [4] - Future initiatives include implementing paid annual leave, innovating consumer rights protection mechanisms, and improving logistics convenience [4] - Through policy innovation, environmental optimization, and new business cultivation, the city aims to stimulate market vitality and support high-quality economic development [4]

Core Viewpoint - Company has received a development notification from GAC Group for a vehicle component, marking an enhancement in market recognition for its SPS battery products and deepening the strategic partnership with GAC Group [2][3] Group 1: Product Development and Market Recognition - The SPS battery products have achieved mass production and have been selected by major automotive clients including GAC, Geely, Dongfeng, and Jiangling [3] - The SPS lithium iron phosphate battery system has an energy density of 330Wh/kg, a volume utilization rate of 75%, and a cycle life exceeding 3000 times, showcasing excellent performance in range and charging efficiency [6] - The SPS battery system has passed national safety standards ahead of schedule, indicating readiness for market demands [6] Group 2: Strategic Partnerships and Business Expansion - GAC Group has been a key client since 2018, with previous successful collaborations on various models, enhancing trust and recognition [10] - Following the acquisition by Guangzhou Industrial Investment, the company is expected to deepen its collaboration with GAC Group and explore partnerships with other automakers like XPeng [12][14] - The company is also expanding into low-altitude economy and humanoid robotics, indicating a diversification of its application areas [16][19] Group 3: Financial Performance and Future Outlook - The company reported a significant reduction in net losses, with a revenue of 11.68 billion yuan in the previous year and a net profit loss of -0.332 billion yuan, marking an 82.22% improvement [12] - The gross margin for battery cells reached 30.57%, an increase of 13.27 percentage points, indicating improved profitability [12] - The company aims to achieve large-scale shipments of its SPS lithium iron phosphate battery products by 2025, positioning itself for future growth [5] Group 4: Technological Advancements - The company is advancing in solid-state battery technology, transitioning from laboratory to pilot production, with plans to establish a pilot production line by the end of the year [17] - The company has secured contracts for its semi-solid eVTOL batteries, indicating strong demand in emerging markets [19]

Core Insights - The low-altitude economy is rapidly evolving, driven by policy support and technological advancements, becoming a new battleground for regional economic competition and improving public services [2][3][9] Policy Developments - The low-altitude economy was included in the government work report for the first time in 2024, with numerous supportive policies being introduced from central to local levels [2] - The 20th National Congress emphasized the need to develop general aviation and low-altitude economy, while various local governments have issued specific plans to foster growth in this sector [2] Market Potential - The market size of China's low-altitude economy is estimated to be approximately 506 billion yuan in 2023, with projections to reach 1 trillion yuan by 2026, reflecting an average annual growth rate of about 30% from 2021 to 2026 [3] Technological Innovations - 5G-A technology is redefining low-altitude communication, with the establishment of the first 5G-A multi-modal low-altitude network demonstration zone in Hangzhou, achieving full coverage for communication and perception [5] - Innovative applications of low-altitude technology are emerging across various sectors, including logistics, security, and urban air mobility [4][8] Operational Efficiency - The use of drones in logistics has significantly reduced costs and improved efficiency, with delivery costs dropping by over 80% and fresh seafood being delivered within 15 minutes from farms to tables [6] - Advanced management platforms are being developed to enhance safety and order in low-altitude operations, integrating AI and data systems for effective monitoring [7] Industry Collaboration - Major cities are collaborating to build a low-altitude economy ecosystem, with plans to establish 100 demonstration projects by 2025, indicating a strong commitment to developing this sector [9] - Various companies are accelerating their investments in the low-altitude economy, covering areas such as air traffic management, drone logistics, and urban air mobility [9]

Core Insights - The establishment of Chasing Dream Aerospace Technology (Chengdu) Co., Ltd. in Chengdu's Shuangliu District marks the launch of a new eVTOL unmanned cargo aircraft development and manufacturing center, with an investment of 500 million yuan [2] - The project aims to leverage Shuangliu's aviation industry foundation and low-altitude economic advantages to create a comprehensive base for research, testing, and manufacturing of unmanned cargo aircraft, injecting new momentum into Chengdu's low-altitude economic development [2][3] Group 1 - The project will be located in the Civil Aviation Equipment R&D and Manufacturing Industrial Park, which is part of the Shuangliu District's aviation intelligent manufacturing zone [2] - Shuangliu District hosts key civil aviation institutions, including the Southwest Regional Administration of Civil Aviation and six national-level civil aviation platforms, providing a robust technical resource network and industrial ecosystem to support research and manufacturing needs [2] - The presence of 42 low-altitude data communication R&D companies and 153 specialized enterprises in the region significantly reduces overall costs for businesses [2] Group 2 - Chengdu is one of the first six pilot cities for eVTOL in China and the first city to promote high-quality development of low-altitude economy through meteorological empowerment [3] - The Shuangliu District has made significant progress in low-altitude industry layout, including the completion of a business jet base at Shuangliu Airport, which will serve as a hub for low-altitude economic development [3] - A public service platform for aviation airworthiness technology was established in collaboration with the Civil Aviation Technology Institute, and a low-altitude economic fund was launched to support regional development [3]

Group 1 - The 2025 International Low Altitude Economy Expo opened on July 23, with Volant Aviation signing a tripartite cooperation agreement with Pan Pacific and China Aviation Technology International Engineering Company [1] - Pan Pacific has placed an order for 500 units of the VE25-100 Tianxing eVTOL from Volant, totaling $1.75 billion, marking the largest single international order for high-grade passenger eVTOLs in China to date [1][3] - The eVTOLs will be utilized for short-distance inter-island and intra-island transport services, as well as emergency rescue scenarios in regions such as Thailand and the Maldives [3] Group 2 - Volant's partner, Huang Xiaofei, emphasized the importance of aligning eVTOL commercialization with application scenarios, considering population density and geographical attributes in overseas markets [3] - Pan Pacific has nearly 40 years of experience and a strong brand reputation in the Asia-Pacific region, having led over 30 global projects across various emerging sectors [5] - Vorachart Petnunthawong, Chairman of Pan Pacific, highlighted the suitability of eVTOL for enhancing efficient travel in the multi-island geographical environment of Thailand and the Maldives [6] Group 3 - China Aviation Technology International Engineering Company will provide low-altitude infrastructure support for the cooperation in countries and regions involved in the Belt and Road Initiative [3] - Volant Aviation has completed nine rounds of financing since its establishment in 2021, with over $150 million raised in 2024 alone, making it the low-altitude economy company with the most financing rounds that year [6]

2025国际低空经济博览会7月23日开幕。 沃兰特航空与泰国泛太平洋有限责任公司（以下简称：Pan Pacific）、中国航空技术国际工程有限公司（以下简称：中航工程）当天在金山展区签署了三方合作协 议，Pan Pacific向沃兰特采购500架VE25-100天行eVTOL，该订单总金额达17.5亿美金，是迄今为止中国高等级客运eVTOL获得的最大单笔国际订单。 此次采购的eVTOL将用于泰国、马尔代夫等地区的短途岛际、岛内运输服务以及应急救援等场景，中航工程则负责为双方在"一带一路"共建国家和地区提供合作中 的低空基础设施。 沃兰特合伙人兼高级副总裁黄小飞表示，eVTOL的商业化之路要结合应用场景。海外市场更要结合人口密度和地理属性，评估从空白到成熟的演进进程，科学地进 行基础设施和航线的部署，这是沃兰特一直坚持的商业化落地原则。 责编：叶舒筠 校对： 赵燕 版权声明 证券时报各平台所有原创内容，未经书面授权，任何单位及个人不得转载。我社保留追 究相关 行 为主体法律责任的权利。 "Pan Pacific在泰国、马尔代夫等地区的航空产业布局可有利推进购机后的商业化落地，加之中航工程在航空基础设施建设上的实 ...

Core Insights - The article discusses the strategic investment of 80 million RMB in the shared drone photography brand "Feixiangji," aimed at enhancing technology development, expanding key scenic spots, and scaling operations [1] - "Feixiangji," founded in 2024, leverages shared drones and AI capabilities to create a new infrastructure platform for cultural tourism, enabling users to easily capture drone videos [1][2] - The low-altitude economy in China is projected to reach a market size of 1.5 trillion RMB by 2025 and 3.5 trillion RMB by 2035, indicating significant growth potential [1] Company Overview - "Feixiangji" is developed by Hangzhou Aqi Technology Co., focusing on shared drone rental, automatic shooting, and intelligent aerial photography [1] - The team comprises experts in edge computing, visual recognition, parallel computing, and big data, with experience from leading companies [1] Market Conditions - The cost of consumer drones has significantly decreased, making it more accessible for the industry, while AI video editing technology has matured, allowing for rapid content creation [2] - The development of 5G and edge computing has facilitated real-time data transmission and cloud editing, enhancing service efficiency [2] Business Model - "Feixiangji" offers low operational requirements for users, allowing tourists to utilize drones without needing professional skills [2] - The service includes a full-chain offering of hardware, algorithms, and scenarios, enabling easy rental and quick content sharing [3] Competitive Advantages - The company differentiates itself through AI editing technology, extensive scenic resource access, and diverse revenue models, including equipment rental and data services [3] - The goal is to establish a presence in over 2,000 scenic spots by 2025 and deploy 30,000 devices by 2026, with plans to expand into related cultural tourism businesses [3]