Core Insights - The rapid development of China's low-altitude economy has triggered a competition for "high-end" talent, with leading companies collaborating with domestic and international universities to accelerate talent cultivation in this sector [1][3][5] Group 1: Industry Collaboration - Leading low-altitude companies are actively engaging in talent cultivation through partnerships with universities, adopting an "industry + education" integration model [3][4] - Companies like WoFei ChangKong and YiHang Intelligent are establishing deep collaborations with multiple universities, including Beijing University of Aeronautics and Astronautics and Nanjing University of Aeronautics and Astronautics, focusing on research projects and targeted talent training [3][4] - YiHang Intelligent has formed strategic partnerships with institutions such as the Civil Aviation Flight University of China and Tsinghua University to promote industry-academia collaboration [4] Group 2: Educational Initiatives - Numerous prestigious universities have begun offering programs related to low-altitude technology and engineering, responding to the increasing demand for talent in the low-altitude industry [5][7] - New undergraduate programs in low-altitude technology and engineering have been established at universities including Beijing University of Aeronautics and Astronautics and Nanjing University of Aeronautics and Astronautics [5][7] - The Civil Aviation Administration of China estimates that the low-altitude economy market will reach 1.5 trillion yuan by 2025 and 3.5 trillion yuan by 2035, highlighting the urgent need for skilled professionals [5] Group 3: Talent Demand and Specialization - The demand for low-altitude talent is evolving, with a shift towards more specialized skills in areas such as eVTOL, flight control systems, and airworthiness certification [8][10] - The establishment of low-altitude technology and engineering programs aims to provide students with systematic training in low-altitude aircraft development and operation, enhancing the alignment between educational outcomes and industry needs [8][10] - The industry is increasingly requiring high-skilled, multidisciplinary talent capable of integrating knowledge from various fields, including AI, network communication, and new energy technologies [10][11] Group 4: Avoiding Talent Homogeneity - As more universities introduce low-altitude programs, there is a need to avoid homogenized teaching and practice content, focusing on targeted and direction-specific training that aligns with the unique characteristics of each institution [13] - The emphasis on cross-disciplinary training in low-altitude technology and engineering programs is crucial to meet the diverse needs of the industry [11][13]

Group 1 - The A-share market has shown signs of recovery, with major indices mostly rising, particularly the ChiNext Index which increased by 2.4% [13][14][16] - The real estate, steel, and non-bank financial sectors performed relatively well this week, with respective increases of 6.1%, 4.4%, and 4.0% [16][19][34] - The manufacturing sector is predicted to have the highest mid-year report performance growth, with an estimated year-on-year growth rate of approximately 10.0% [33][34] Group 2 - Industries expected to show high mid-year report performance growth include light industry, non-ferrous metals, and non-bank financial sectors, with predicted net profit growth rates of 34.2%, 33.0%, and 19.1% respectively [33][34] - The construction materials, electronics, and telecommunications sectors are anticipated to have significant performance improvement, with expected growth rate improvements of 11.4%, 7.9%, and 6.1% respectively [34][39] - The current mid-year earnings forecast disclosure rate is only 4.1%, indicating limited reference value for investors [39][42] Group 3 - The overall pre-announcement rate for A-share companies is 72%, with many industries showing high pre-announcement rates, particularly in real estate and non-bank financial sectors [39][40] - The environmental protection, transportation, and media sectors are expected to show significant improvement in mid-year earnings forecasts, with respective improvement rates of 139.5pct, 111.0pct, and 96.7pct [41][44] - The market is expected to experience a bullish trend in the second half of the year, with a focus on sectors that are likely to outperform in mid-year reports [57][58]

重点关注 ·"相互支持、团结合作、共迎挑战" 王毅谈东亚合作年度系列外长会积极成果 ·倒计时进入60天 2025年服贸会已有超700家企业机构意向线下参展 ·特朗普宣布将对欧盟、墨西哥商品征收30%关税欧洲多国强烈反对欧盟：必要时对等反制墨西哥：关 税"不公平" 国内要闻 ·7月12日，中共中央政治局委员、外交部长王毅在吉隆坡出席东亚合作年度系列外长会期间向记者谈中 国东盟合作。王毅表示，今年的东亚合作系列外长会开得很顺利，尤其是中国-东盟的10+1外长会气氛 十分友好、融洽，在当前单边主义、保护主义甚嚣尘上的背景下，中国和东盟国家展现了相互支持、团 结合作、共迎挑战的强烈愿望。（新华社） ·记者12日从北京市国际服务贸易事务中心了解到，2025年服贸会目前各项准备工作有序进行，已有超 700家企业机构意向线下参展，论坛会议方面，已征集14场主题论坛、76场专题论坛和50场洽谈推介， 涵盖数智时代电商发展、服务贸易新趋势、数字贸易创新能力提升、旅游文明互鉴、全球绿色经济发展 等诸多领域。（新华社） ·7月11日，中国证券业协会发布《关于加强自律管理推动证券业高质量发展的实施意见》，从完善自律 管理体系、加强保 ...

【深圳商报讯】（记者潘文婷）试想这样的场景：深港科研人员乘坐低空交通工具，半小时内穿梭于两 地实验室，让创新思想随航线快速碰撞——这一构想被视作"一园一城"联动在低空维度的重要延伸，为 人才流动装上"空中引擎"。在光明科学城，该场景即将成为现实。 日前，"打造'科学家航线'，共建'深港低空科技融合走廊'"研讨会在河套深港国际科技园举行。记者从 会上了解到，河套深港科技创新合作区深圳园区与光明科学城（"一园一城"）的"双轮驱动"，正在重塑 大湾区创新地理，也为低空科技走廊建设提供广阔的应用前景。光明区发展和改革局相关负责人在会上 介绍，作为粤港澳大湾区国际科技创新中心建设的核心支撑，"一园一城"已形成联动发展机制，并共同 探索科研要素便捷流动新模式。 在此背景下，"科学家航线"的构想成为研讨会上的焦点。该构想着眼于突破地面交通限制，计划运用 eVTOL等低空科技，为深港科研人员提供更快速、更灵活的空中通勤选择，从而显著提升两地科研合 作与交流效率，让创新思想与人才在深港之间"飞"得更快、更畅。 未来，在深圳上空,不仅有无人机划过的轨迹，更有"深港低空科技融合走廊"描绘的未来图景。从河套 到光明，从实验室到产业园 ...

随着低空经济、具身智能等新兴产业升温，锂电池的应用场景正从新能源汽车向无人机、载人飞行器、 机器人等领域拓展。从时不时传出的合作消息来看，头部电池厂商似乎正在加速布局。宁德时代 （300750.SZ）、亿纬锂能（300014.SZ）、欣旺达（300207.SZ）、赣锋锂业（002460.SZ）等企业纷纷 公开飞行器等电池产品，比亚迪（002594.SZ）也多次参与机器人初创公司融资。 对于电池厂商而言，这些新兴市场究竟有多大价值？比起应用场景更为模糊的机器人，低空经济或许是 更具讨论价值的领域。赣锋锂业有关人士告诉《华夏时报》记者，"飞行器在爬升阶段需要更高能量， 因此需要高倍率电池，安全性更好的固态电池确实具有优势。" 电池开发整体节奏主要集中在动力电池厂商，高能量密度、高充放电倍率和高安全性一直被视为动力电 池发展主线，而这也符合飞行器对电池的理想需求。鑫椤资讯高级研究员张金惠告诉记者，"锂电池新 兴市场的核心点在于锂电池的进一步升级，特别是固态和半固体方向。但真正的高性能无人机和匹配的 高性能电池市场空间其实并不大。目前载人飞行器并不多，各家更多的是处于测试阶段，现在来看5— 10年也难以成为量产货。" ...

Core Viewpoint - The low-altitude economy is emerging as a significant new sector, integrating various industries such as aviation, transportation, logistics, and tourism, and is expected to drive traditional industry transformation and regional economic development [1] Policy Environment - The Chinese government has intensified its focus on the low-altitude economy, with over twenty provinces and cities prioritizing it as a key development industry, and the market size projected to exceed 500 billion yuan by 2024 [2] - The Central Economic Work Conference in December 2023 emphasized the importance of developing strategic emerging industries, including the low-altitude economy [2] - A series of policies have been introduced, including the "Green Aviation Manufacturing Development Outline (2023-2035)" which aims for eVTOL pilot operations by 2025 [2] Industry Development - 2024 is anticipated to be a pivotal year for the development of the low-altitude economy and drone regulations in China, marking unprecedented opportunities [3] - The low-altitude economy requires a new set of rules distinct from traditional economic models, emphasizing regulatory awareness and product planning that aligns with operational support [5] Regulatory Standards - Airworthiness certification is crucial for ensuring the safety of low-altitude aircraft, necessitating innovative assessment methods to keep pace with the complexity of new technologies like eVTOL and drones [6][7] - The establishment of a comprehensive airworthiness regulatory framework is urgent, particularly for unmanned aerial vehicles, to ensure product quality and safety [8] Industry Collaboration - A robust low-altitude economy relies on a complete industrial chain, necessitating collaboration across upstream, midstream, and downstream sectors [9] - Upstream, there is a pressing need to overcome challenges in key materials and components, with companies increasing R&D investments to enhance product autonomy [9] - Midstream, improving the manufacturing standards of low-altitude aircraft is critical, alongside the development of essential infrastructure [10] - Downstream, expanding diverse operational scenarios such as low-altitude logistics and tourism is vital for market demand stimulation [10] Safety and Regulation - Safety is a non-negotiable aspect of low-altitude economic development, requiring a well-defined safety regulatory system and enhanced safety education for enterprises and personnel [11] - The establishment of a real-time monitoring platform for low-altitude flights is essential for ensuring public safety and airspace order [11] Conclusion - The successful implementation of the low-altitude economy is a complex system engineering task that requires coordinated efforts in policy guidance, airworthiness certification, industry collaboration, technological innovation, and safety regulation [12]

Group 1 - The core viewpoint of the articles highlights the efforts of Ordos City in Inner Mongolia to accelerate the transformation of major scientific and technological achievements and promote the construction of a national innovative city through the implementation of the "Breakthrough" project in technology [1][2] - Ordos City has increased the number of research and development institutions at the autonomous region level and above to 273, achieving full coverage of key industries with research and development platforms [1] - The city is focusing on three technological breakthrough points: hydrogen energy, energy storage and new power systems, and new chemicals and materials, while planning new areas in renewable energy, artificial intelligence, and low-altitude economy [1] Group 2 - The construction of a smart connected vehicle demonstration zone was initiated in 2023, aiming to accelerate the development of smart connected vehicles and smart logistics through an automated driving application matrix [2] - The local government is committed to promoting the integration of technological innovation and industrial innovation, transforming traditional industries, and fostering breakthroughs in emerging industries [2] - Ordos City aims to create a number of landmark new technologies and product application scenarios, contributing to the establishment of a national innovative city [2]

行业研究 证 券 研 究 报 告 华创交运|低空经济周报（第 45 期） 海外市场观察：JOBY 触及百亿美金市值里 推荐（维持） 程碑，西锐再创股价新高 华创证券研究所 证券分析师：吴一凡 电话：021-20572539 邮箱：wuyifan@hcyjs.com 执业编号：S0360516090002 证券分析师：梁婉怡 邮箱：liangwanyi@hcyjs.com 执业编号：S0360523080001 证券分析师：吴晨玥 邮箱：wuchenyue@hcyjs.com 执业编号：S0360523070001 证券分析师：霍鹏浩 1）从商业模式理解，我们认为公司，生产端属于高端制造业，航空制造门槛 高壁垒高，24 年前三大市占率近半；销售端属于高端消费品，公司深耕私人 飞机领域，面向 C 端客户为主，产品近年来持续提价，24 年相较于 21 年，公 司 SR2X 系列售价提升了 26%，愿景喷气机提升了 24%，典型类高端消费品 属性。2）海外比较：我们观察海外上市公司中，巴航工业 Wind PEttm 23 倍， 德事隆集团 Wind PE ttm 18.5 倍，均明显高于西锐。注：我们预计公司 202 ...

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本届国际低空经济博览会关注低空企业发展需求和应用场景落地，重点展示低空基础设施、制造与配套 服务等产业链，低空交通运输、城乡管理、商业融合应用、个人消费等应用链。 中经记者 杨让晨 上海报道 （首届国际低空经济博览会将于7月23日—26日在上海国家会展中心举行。受访者/图） 首届国际低空经济博览会将在7月下旬在上海拉开帷幕。 《中国经营报》记者日前从首届国际低空经济博览会主办方了解到，首届国际低空经济博览会将于7月 23日—26日在上海国家会展中心举办，本届展会面积达到6万平方米，参展商数量近300家，并且将举行 30多场论坛活动，预计将吸引超5万人参观。同时，将有19件全球首发、25件全国首发产品在本届展会 上亮相。 具体来看，在生态建设方面，展期将举办30余场国际级、全国性活动，集聚低空发展所需的金融、人 才、技术、标准、政策等生态要素，为低空经济发展构建可持续发展生态"软环境"。 在场景落地方面，展出涵盖公共安全、消防应急、航拍测绘、农林植保、集群表演等众多场景的低空产 品和解决方案，集中展现低空经济这一新质生产力如何推动城乡治理现代化，赋能千行百业提质创新。 低空赛事层面，国家体育总局航空无线电模型运 ...