Group 1 - Shenzhen has introduced the first national "Third-Party Liability Insurance Service Guidelines for Unmanned Aerial Vehicles" to standardize insurance for drones, enhancing the insurance market's structure [2][5] - The guidelines require insurance companies to adhere strictly to approved insurance terms and rates, ensuring clarity in coverage related to unmanned aerial vehicles [2][3] - The guidelines also emphasize the establishment of a comprehensive claims management system, covering all aspects from reporting to compensation, aimed at improving service quality for policyholders [3][5] Group 2 - The low-altitude economy in China is projected to exceed 1 trillion yuan, with Shenzhen's drone industry alone expected to reach a production value of 107 billion yuan by 2024, reflecting a growth rate of approximately 12% [6][7] - The drone industry is a significant component of the low-altitude economy, accounting for about 85% of the sector, with over 20,000 operational companies nationwide [6][7] - Shenzhen is recognized as a global hub for drone technology, with policies actively promoting the development of the low-altitude economy, including the introduction of specific legislation and strategic plans [7]

Core Insights - The National Development and Reform Commission has outlined key directions and strategic priorities for the development of the low-altitude economy, emphasizing the importance of safety alongside economic benefits [1][3] - Sichuan Fanmo Technology Co., Ltd. has emerged as a leading player in the drone insurance sector, leveraging its innovative capabilities to support the safety development of the low-altitude economy [1][6] Industry Overview - The demand for drone insurance is surging, becoming a critical safeguard for the low-altitude industry, as the risks associated with drone operations increase due to widespread applications in various fields [3][12] - The low-altitude insurance system in China is evolving, with products ranging from mandatory drone insurance to specialized insurance plans for brands like DJI [3][12] Company Highlights - Sichuan Fanmo Technology has provided over 29 billion yuan in risk protection for drone users across 31 provinces and cities in China since its establishment in 2015, establishing partnerships with over 500 drone manufacturers [6][12] - The company has received multiple industry awards, including the "Technology Progress Award" and "Industry Contribution Award," showcasing its excellence in technological innovation and industry contributions [6][12] Product Innovations - Fanmo Technology has developed a differentiated product matrix, including three core products: Fanmo Feibao, Fanmo You+, and Fanmo Cloud e, which cater to various user needs and enhance the insurance experience [8][10] - Fanmo Feibao offers comprehensive coverage, including damage to the drone, third-party liability, and pilot liability, with a direct compensation model that simplifies the claims process for users [8][10] - Fanmo You+ provides customized insurance plans for drone manufacturers, enhancing their after-sales service quality and market competitiveness [10] - Fanmo Cloud e utilizes advanced risk assessment models, integrating big data and AI to support the entire insurance process, from pre-sale to post-sale [10][12] Future Outlook - As the low-altitude economy enters a phase of high-quality development, the strategic value of drone insurance is increasingly recognized, with Fanmo Technology positioned to redefine industry standards through innovation [12][13] - The company aims to continue its focus on the low-altitude insurance sector, providing smarter products and more efficient services to support the sustainable growth of the low-altitude economy [13]