Core Insights - The eighth China International Import Expo (CIIE) was held in Shanghai from November 5 to 10, showcasing significant developments in low-altitude economy and HRC's strategic initiatives in this sector [1] Group 1: Company Developments - HRC showcased the LEU100, a medium-sized electric vertical takeoff and landing logistics drone, marking its first global public display, highlighting its design, endurance, and functionality advantages [1] - HRC has been actively involved in the low-altitude economy since 2021, having previously introduced the Xiaopeng Huitian flying car at the CIIE [1][2] - The company has established a strong presence in China, which serves as a crucial R&D and production base, aligning its operations with European standards [2] Group 2: Market Opportunities - The low-altitude economy is viewed as a significant opportunity, with HRC positioning itself to capitalize on the growth in sectors like new energy vehicles and general aviation [2] - HRC is enhancing its capabilities to support various industries, including new energy vehicles and low-altitude economy, while also participating in the general aviation supply chain [3] Group 3: Sustainability Initiatives - HRC is focusing on carbon fiber recycling and reuse, with a dedicated production center in Changshu, Jiangsu, utilizing proprietary technology for efficient and environmentally friendly processing [3] - The company has formed a strategic partnership with Airbus for the recycling and reuse of carbon fiber materials from retired aircraft in China, aiming to create a complete industrial chain and lifecycle for materials [3] Group 4: Business Expansion - HRC has gained significant attention and collaboration opportunities from media, government, and industry stakeholders during the CIIE, indicating a positive reception for its initiatives [4] - The company is expanding its business boundaries and increasing efforts in the low-altitude economy sector, leveraging the CIIE as a platform for growth [5]

11月10日，国务院办公厅印发《关于进一步促进民间投资发展的若干措施》，在激发民间投资活力、拓 宽投资领域的政策导向中，"引导民间资本有序参与低空经济领域基础设施建设" 成为亮点之一。文件 明确提出，在商业航天频率许可、发射审批过程中一视同仁对待民间投资项目，优化卫星通信业务准入 政策，为民间资本参与低空经济基建扫清了制度障碍。 在扩大准入方面，文件指出，对需报国家审批(核准)的具有一定收益的铁路、核电等重点领域项目，鼓 励支持民间资本参与并明确持股比例等要求；对各地方规模较小、具有盈利空间的城市基础设施领域新 建项目，鼓励民间资本参与建设运营；引导民间资本有序参与低空经济、商业航天等领域建设，积极支 持有能力的民营企业牵头承担国家重大技术攻关任务；清理不合理的服务业经营主体准入限制；规范实 施政府和社会资本合作新机制，修订分类支持民营企业参与的特许经营项目清单；坚决取消招标投标领 域对民营企业单独设置的不合理要求；进一步加大政府采购支持中小企业力度。 【国办：引导民间资本有序参与低空经济领域基础设施建设】11月10日，国务院办公厅印发《关于进一 步促进民间投资发展的若干措施》。其中指出，引导民间资本有序参与 ...

盘前要闻 1、美政府关门有望结束！科技股引领美股强劲反弹，英伟达涨超5% 类型：市场 情绪影响：正面 美国史上最长联邦政府停摆有望本周落幕，一项恢复联邦拨款的妥协方案在参议院首次程序性投票中闯 关成功，投资者认为美国政府停摆在本周结束的概率高达88%。受此消息提振，美股三大指数集体收 涨，纳指涨超2%，英伟达大涨5.8%，纳斯达克中国金龙指数收涨2.25%，小鹏汽车涨超16%。 2、国办发文！引导民间资本有序参与低空经济领域基础设施建设 类型：行业 情绪影响：正面 国务院办公厅印发《关于进一步促进民间投资发展的若干措施》，提出13项针对性政策举措。包括：鼓 励民间资本参与铁路、核电、水电等项目。引导民间资本有序参与低空经济领域基础设施建设。对各地 方规模较小、具有盈利空间的城市基础设施领域新建项目，鼓励民间资本参与建设运营。 3、国家发改委、能源局：大力推进技术先进、安全高效的新型储能建设 类型：行业 情绪影响：正面 国家发展改革委、国家能源局发布促进新能源消纳和调控的指导意见。其中指出，到2030年，协同高效 的多层次新能源消纳调控体系基本建立。华泰证券表示，建设新型电力系统成为保障电力安全与清洁供 给的必 ...

Core Viewpoint - The article emphasizes the importance of building a modern industrial system in Hubei, focusing on advanced manufacturing as the backbone to enhance global competitiveness and drive economic growth [5][6][8]. Group 1: Advanced Manufacturing - Advanced manufacturing is identified as a critical area for global economic competition and technological innovation, serving as the main focus for constructing a modern industrial system [6][9]. - Hubei aims to implement the "51020" advanced manufacturing cluster strategy to leverage its educational and ecological advantages, transforming them into developmental strengths [6][7]. - The province is focusing on key sectors such as optoelectronic information, new energy vehicles, and high-end equipment to enhance its manufacturing capabilities [8][12]. Group 2: Industrial Upgrading - The article discusses the need to upgrade traditional industries like mining, metallurgy, and textiles through intelligent, green, and integrated transformations [10][11]. - Hubei is promoting smart manufacturing and digital transformation across traditional sectors, particularly in the automotive industry, to enhance efficiency and competitiveness [10][11]. - The province is also focusing on green transformation by adopting low-carbon technologies and promoting sustainable practices in high-energy-consuming industries [11]. Group 3: Emerging Industries - Hubei is encouraged to develop strategic emerging industries such as new energy, new materials, aerospace, and low-altitude economy, leveraging its existing strengths and innovation platforms [12][13]. - The province's unique advantages include a solid foundation in optoelectronic information and green battery technologies, supported by national laboratories and high-level innovation platforms [12][16]. - Hubei aims to adopt a focused development approach, concentrating resources on areas where it can excel, such as green circular batteries and high-end electronic chemicals [13][17]. Group 4: Future Industries - The article highlights Hubei's potential in future industries like quantum technology, biomanufacturing, and hydrogen energy, with significant investments and policy support [15][16]. - Hubei has established a provincial quantum technology investment fund of 2 billion yuan to foster innovation and application in this field [15]. - The province's strong educational and research infrastructure is positioned to support the development of future industries, ensuring a continuous supply of talent and innovation [16][17].

Group 1: Government Policies and Initiatives - The State Council has issued measures to guide private capital's orderly participation in low-altitude economy infrastructure construction [1] - The National Development and Reform Commission and the National Energy Administration have released guidelines to promote the consumption and regulation of renewable energy, aiming for a multi-level consumption regulation system by 2030 [2] - The Ministry of Industry and Information Technology emphasizes the importance of application scenarios for new technologies and products, accelerating the development of key application areas such as "5G+", "Artificial Intelligence+", and "Robotics+" [3] Group 2: Technological Advancements - Researchers from the Chinese Academy of Sciences have achieved significant progress in perovskite solar cells, developing a prototype with a photoelectric conversion efficiency of 27.2% [4] Group 3: Company News - Zhongji Xuchuang plans to issue H-shares and list on the Hong Kong Stock Exchange [6] - Baiwei Storage's application for H-share issuance has been accepted by the China Securities Regulatory Commission [7] - Mindray Medical has submitted its H-share issuance application to the Hong Kong Stock Exchange [8] - Tianji Co., Ltd. is promoting the industrialization of lithium sulfide material preparation patents [8] - *ST Yuanshang has confirmed that there is no undisclosed significant information [8] - Shannon Chip Innovation has noted reports of rising storage chip prices but stated that its fundamentals have not changed significantly [8] - Sichuan Jinding's associate company does not involve space computing business [8] - Demingli is planning refinancing, with no significant changes in its operating environment [8] - Chengxing Co., Ltd. warns of potential irrational stock speculation risks [8] - Lingzhi Software intends to acquire 100% equity of Kaimiride, with stock resuming trading on November 11 [8] - Victory Co., Ltd. plans to acquire gas-related assets from its controlling shareholder, with stock resuming trading on November 11 [8] - Fangzhi Technology intends to acquire Zhixiang Technology for 116 million yuan to cultivate new profit growth points [8]

Core Viewpoint - Suzhou Planning (301505.SZ) is expanding into the low-altitude economy by acquiring 100% of Beijing Dongjin Aviation Technology Co., Ltd. for 250 million yuan, marking a strategic shift towards new productive forces [1][3][4]. Group 1: Acquisition Details - The acquisition price for Dongjin Aviation is set at 250 million yuan, with a total valuation of 254 million yuan, resulting in a premium rate of 217.05% [2][3]. - The payment structure includes 195 million yuan in shares and approximately 54.61 million yuan in cash, with additional fundraising of up to 50 million yuan planned to cover transaction costs [2][3]. - Post-acquisition, Dongjin Aviation will become a wholly-owned subsidiary of Suzhou Planning, enhancing its business portfolio in the low-altitude economic sector [1][2]. Group 2: Financial Performance and Projections - Dongjin Aviation has not yet achieved profitability, with projected losses of 10.92 million yuan, 25.61 million yuan, and 3.46 million yuan for the years 2023 to mid-2025 [4][5]. - The company has committed to achieving audited net profits of no less than 7.5 million yuan over three years, with specific targets of 1.5 million yuan, 2.5 million yuan, and 3.5 million yuan for 2026, 2027, and 2028 respectively [5][6]. - Suzhou Planning has faced declining revenues and profits since its IPO, with a revenue drop of 3.3% and 21.24% in 2023 and 2024, respectively, and a significant decline in net profit [5][6]. Group 3: Strategic Implications - The acquisition is viewed as a critical move for Suzhou Planning to optimize its industrial layout and transition towards new productive forces, particularly in air traffic management [3][7]. - The integration of Dongjin Aviation is expected to create synergies in planning capabilities and data accumulation, as both companies share similar client bases in government and state-owned enterprises [2][3]. - Despite the anticipated short-term financial impact due to high R&D costs and share payment expenses, the long-term outlook for Dongjin Aviation is positive, with expectations of future profitability driven by growth in the low-altitude economy [7].

14、今日A股南特科技申购； 1、美股三大指数集体收涨，纳指、中概指数涨超2%，英伟达涨近6%； 2、现货黄金涨超2.8%，重返4100美元上方，纽约期金涨超4.7%； 3、摩根大通私人银行：到2026年底，金价可能达到5200-5300美元； 4、伦敦金库10月白银流入数量创九年新高 缓解供应紧张； 5、美联储理事米兰：12月至少降息25个基点 降息50个基点是合适的； 6、美国参议院有望在周一晚通过临时拨款法案； 7、道明证券：预计美国众议院将于周三表决 政府有望周五结束停摆； 8、先锋领航三季度增持特斯拉 减持苹果； 9、巴菲特加快遗产捐赠 向接班人阿贝尔表达支持； 10、高盛看好印度股市 上调评级至"增持"； 11、挪威主权财富基金积极扩张 寻求可再生基础设施投资组合； 12、日本寻求通过投资开启新增长周期 高市明确17个关键领域； 1、国办：引导民间资本有序参与低空经济领域基础设施建设； 2、国办：持续落实好突破关键核心技术科技型企业上市融资、并购重组"绿色通道"政策； 3、两部门：强化电网运行技术 试点试验高比例新能源特高压柔性直流输电等技术； 4、两部门：加快构建主配微协同的新型电网平台，提升电 ...

Core Insights - The article discusses the emergence of low-altitude economy in China, highlighting the potential of unmanned aerial vehicles (UAVs) like the EHang EH216-S as future urban transportation solutions, which can alleviate ground traffic congestion and provide efficient commuting options [1][7]. Group 1: Technology and Innovation - New technical terms such as UAM (Urban Air Mobility), AAV (Autonomous Aerial Vehicle), and eVTOL (Electric Vertical Takeoff and Landing) are becoming more recognized in the context of China's low-altitude economy [2][3]. - UAM is characterized by a three-dimensional transportation system utilizing eVTOLs and drones, focusing on vertical takeoff, low carbon emissions, and avoiding ground traffic congestion [3]. - The EH216-S has received the world's first certification for a manned eVTOL, demonstrating China's leadership in eVTOL airworthiness certification [3][10]. Group 2: Operational Advantages - Unmanned aerial vehicles are seen as superior to manned ones in various aspects, including better handling of complex weather conditions and reduced operational costs [5]. - The EH216-S is designed with a downward wing configuration to reduce weight and improve flight performance, which is crucial in the aviation industry [5][6]. Group 3: Application Scenarios - The EH216-S is positioned for two main applications: urban air taxi services to alleviate city traffic and intercity transportation for short-distance flights [7][8]. - The introduction of the VT35, a new long-range unmanned aerial vehicle, expands the potential for intercity travel, utilizing existing urban infrastructure for takeoff and landing [8][10]. Group 4: Regulatory Framework - The EH216-S has obtained four essential regulatory certifications, including the first operational qualification certificate for manned UAVs in China, enabling commercial operations [10][11]. - The support from the Civil Aviation Administration of China (CAAC) in establishing safety and operational standards has been pivotal for the development of the unmanned aerial vehicle sector [10][11].

10月29日，南京浦口高新区打造的"一网统飞"低空经济智能服务模式成功入选《全国高新区营商环境典 型案例》，成为全国50个典型案例中江苏省南京市唯一入选项目。 立足全国首批、江苏省唯一的民用无人驾驶航空试验基地（试验区），浦口高新区充分利用地理优势和 场景资源，全力推进低空经济产业相关技术研究和产业发展。"一网统飞"是浦口高新区优化政务服务、 要素保障等方面的创新突破，园区聚焦硬件配套和软件支撑，通过构建一体化服务平台，为低空经济企 业提供全流程、一站式的专业护航，让低空飞行看得见、飞得稳、管得住，为全国低空产业发展提供参 考借鉴。 "一网统飞"一体化服务平台自上线以来，已入驻服务商44家，开发大气环境监测、渣土偷倒巡查、河道 污染识别等15个特色场景，规划航线超50条，累计完成飞行1628架次、飞行里程2789公里，发现并处置 污染、违建等各类问题隐患200余起，成为城市精细化管理的"空中哨兵"，有效维护区域生态环境与土 地资源安全。 协同创新：凝聚政产学研发展合力 向新而行、竞逐低空，浦口高新区积极推动政产学研深度协作，与南京航空航天大学、南京信息工程大 学、南京工业大学等高校院所深化低空经济领域合作，统 ...

11月10日晚间必读： 2、工信部发布通知，明确2026年度、2027年度新能源汽车积分比例要求分别为48%和58%，进一步推动新能源汽车产业发展； 3、商务部回应美方暂停实施对华造船等行业301调查措施，称这是落实中美吉隆坡经贸磋商共识的重要一步，中方已相应暂停相关反制措施，期待共同维护 国际航运和造船市场公平竞争环境； 4、国家发展改革委、国家能源局发布促进新能源消纳和调控的指导意见，提出到2030年满足全国每年新增2亿千瓦以上新能源合理消纳需求，助力实现碳达 峰目标； 5、乘联分会数据显示，10月新能源乘用车批发销量达162.1万辆，同比增长18.5%，环比增长8.5%，1-10月累计批发1205.8万辆，增长29.9%。 二、资本市场： 1、美股科技股表现强劲，纳斯达克综合指数涨2%，美光科技涨逾7%，AMD涨超4%，英伟达、谷歌涨逾3%，带动全球科技板块情绪，A股半导体、AI等科 技相关板块或受提振； 2、现货黄金向上触及4100美元/盎司，日内涨2.5%，创10月27日以来首次，黄金资产配置需求升温，利好山东黄金、中金黄金等黄金概念股； 3、国泰海通首席策略刷屏，4000点已经实现，2026年中国 ...