□记者 杨作品 本报讯 2026年春运将于2月2日正式启动，叠加9天超长春节假期与免税新政扩容红利，海南冬季旅游 与"南下避寒"热度持续攀升。 来琼旅客可结合自身行程提早规划，灵活选择起降机场，并充分利用海口美兰机场、三亚凤凰机场、琼 海博鳌机场区位互补及高铁、高速、租车等立体交通互通优势，提升出行效率与舒适度，让旅途更顺 畅、安心。 海南省旅游协会、海南机场集团提醒，请尽量提前通过官方渠道或正规平台规划购票，以便有更充裕的 选择余地，减少临行前余票变动的不确定性。建议优先选购往返机票，便于行程安排，也可缓解返程订 票压力。 海南环岛高速、中线高速等主干道串联三大机场，自驾或乘坐长途客车可抵达任一机场，灵活切换行 程。 租车出行 机场协同一嗨租车等平台，实现海口美兰机场、三亚凤凰机场、琼海博鳌机场"一地租车，异地还车"服 务，方便旅客规划"多地联游"，如"海口进，三亚出"或"三亚进，博鳌出"，深度体验海南东、南、北不 同风情。 海南岛内三大机场：海口美兰机场、三亚凤凰机场、琼海博鳌机场，区位覆盖全岛，形成互补布局，并 通过高铁、高速、租车等多维交通网络实现高效互通，旅客可根据目的地就近选择机场。 铁路出行 环 ...

Core Insights - The official operation of Jiaxing Nanhu Airport marks the beginning of a new era of integrated transportation in Jiaxing, connecting air, rail, water, and road networks [1][2] - The airport has launched four domestic routes on its first day, with plans to introduce additional routes and international cargo lines, enhancing Jiaxing's connectivity to major cities and global markets [1][2] Transportation Development - Jiaxing Nanhu Airport has opened four domestic routes: Beijing Daxing, Guangzhou, Chengdu Shuangliu, and Changchun-Jiaxing-Shenzhen, with five destinations [1] - Future plans include the addition of routes to Kunming, Chongqing, Xi'an, and Harbin-Jiaxing-Haikou, as well as 28 international cargo routes [1][2] - The airport positions Jiaxing within a three-hour transportation circle covering major cities like Shanghai, Hangzhou, Nanjing, and Ningbo, significantly improving travel efficiency for residents [1] Economic Impact - As the first professional air cargo hub in the Yangtze River Delta, Jiaxing Nanhu Airport is expected to enhance local industries' integration into national and global supply chains [2] - The airport will facilitate the development of logistics, trade, and industry, creating a strong economic magnet in the Yangtze River Delta urban agglomeration [2] - The historical significance of the location is emphasized, linking the past with the present as Jiaxing aims to elevate its status on the global city map [2]

Core Insights - The establishment of the "Flying Car Test and Verification Base" marks a significant milestone in China's low-altitude economy, integrating road and air transportation development [1] - The base is the first national-level research and testing center for road-air integration in China, facilitating the industrialization of low-altitude economy and three-dimensional transportation [1] Group 1 - The test base is located in Shaoguan City, Xinfen County, covering an area of 8,600 acres, and features a dedicated hangar for non-standard flying cars, multiple vertical take-off and landing points, and several taxiways [1] - The base incorporates advanced technologies such as 5G-A communication, satellite internet, and artificial intelligence to create a comprehensive digital test flight support system [1] - The collaboration between Gao Yu and the Southern Test Field has initiated CNAS certification work to ensure compliance with national standards for flight vehicle airworthiness certification [1] Group 2 - Gao Yu has completed 3,000 flight tests of the GAC-A6 at the base, successfully validating multi-scenario applications and conducting laboratory tests on core components such as electric propulsion and rotor systems [2] - Future cooperation will focus on building testing standards, researching airworthiness approval methods, and exploring commercial application scenarios to accelerate product industrialization [2]

Group 1 - The article provides a visual description of the scenic area in Guizhou Province, specifically the Mopan Mountain Hub Interchange in Xinyi City, highlighting its infrastructure development [1][2][4] Group 2 - The imagery captured on November 17, 2025, emphasizes the ongoing urban development and transportation improvements in the region [1][2][4]

Core Viewpoint - The company, Narui Radar, has shown significant growth in revenue and net profit for the first three quarters of 2025, driven by increased contracts and order confirmations in the water measurement radar sector, despite a decline in net profit for the third quarter due to rising R&D costs and project-related expenses [4][5][6]. Financial Performance - For the first three quarters of 2025, the company reported a total revenue of 254 million yuan, representing a year-on-year increase of 86.5% [4][5]. - The net profit attributable to shareholders reached 73.16 million yuan, up 181.28% year-on-year [4][5]. - The third quarter alone saw a revenue of 99.12 million yuan, a 56.28% increase year-on-year, but the net profit decreased by 19.43% to 16.21 million yuan [4][6]. Shareholder Changes - As of September 30, 2025, the number of shareholders increased to 13,405, a rise of 44.64% compared to June 30, 2025 [3][20]. - The average number of shares held per shareholder decreased from 32,700 shares to 22,600 shares, with an average holding value of 980,800 yuan [3]. Research and Development - The company is actively investing in R&D, with ongoing projects including full-polarization C/S band radar, X-band multifunction phased array radar, anti-drone radar, and SIC chip development [7][14]. - The company has established a wholly-owned subsidiary in Hong Kong to accelerate international expansion and attract global talent [10]. Market Position and Strategy - The company is focusing on technology innovation, cost control, market diversification, and product differentiation to combat low-price competition [11]. - The low-altitude radar has been tested in several cities, although no actual sales contracts have been signed yet [8][18]. - The company plans to align with national low-altitude economic policies and enhance its market presence through technology and product readiness [15]. Institutional Research Insights - The increase in revenue and net profit is attributed to the growth in water measurement radar contracts and the acceleration of existing orders [5]. - The company’s projects are expected to reach operational status by the end of 2025 [7][18].

Core Insights - The integration of ground and low-altitude transportation to create a comprehensive urban three-dimensional transportation system is a core direction for the industry [2] - The development of low-altitude networks is characterized by a variety of aircraft types, small takeoff and landing intervals, and high spatial density, necessitating new service paradigms and interdisciplinary talent [2] - The establishment of a digital foundation, referred to as "cloud-network-data-map," effectively addresses the fragmentation challenges in smart highway construction and enhances digital capabilities [4] - AI is driving the deep integration of low-altitude economy into educational, cultural, and tourism scenarios, transitioning the industry from demonstration to systematic industrialization [4] - A consensus has been reached in the industry to achieve data integration through digital foundations and to build an open ecosystem via platform models, facilitating the large-scale implementation of three-dimensional transportation [5] Group 1 - The core direction is to create a comprehensive urban three-dimensional transportation system by integrating ground and low-altitude transportation [2] - The future low-altitude network will require new data and algorithms to address challenges in traffic rules, route planning, and safety management [2] - The "cloud-network-data-map" digital foundation enhances data integration and supports various applications, improving digitalization in Jiangsu [4] Group 2 - AI technology is enhancing efficiency and safety in the low-altitude economy, promoting its integration into various sectors [4] - The low-altitude economy is evolving into a collaborative industrial ecosystem with a focus on real-world applications [5] - The establishment of the "Low Altitude Economy Industry Innovation Award" aims to recognize impactful cases that integrate low-altitude services into urban operations [5]

Group 1 - The 21st China Automotive Industry Development (Teda) International Forum highlighted the importance of flying cars and eVTOLs in building a new ecosystem for integrated air-ground transportation [2][3] - The forum reached three consensus agreements focusing on emerging industries, carbon cycle ecology, and digital intelligence, with the first consensus emphasizing the need for a low-altitude economic industry system [2][3] - The low-altitude economy is seen as a crucial aspect of new aviation, encompassing drones, eVTOLs, and flying cars, which are expected to alleviate urban traffic congestion and expand urban transportation space [3][4] Group 2 - Numerous automotive companies are entering the low-altitude economy sector, transforming into integrated transportation service providers, with examples including XPeng Motors and Chery [4][5] - The flying car industry is rapidly advancing, with several companies like Geely and GAC Group making significant progress in testing and certification of their flying car models [5][6] - The integration of low-altitude economy and automotive technology is essential, with a reported 70% overlap in the industrial chain between flying cars and traditional electric vehicles [6][7] Group 3 - The collaboration between automotive and aviation sectors is driven by technological integration, focusing on power systems, auxiliary driving, and manufacturing systems [6][7] - Companies are leveraging existing automotive supply chains to reduce manufacturing costs and improve product quality, with over 80% supply chain reuse and over 90% localization reported [7][8] - The low-altitude economy market is projected to reach 10 trillion yuan by 2040, with flying cars expected to account for approximately one-third of this market by 2035 [9]

Core Viewpoint - The 2025 Shanghai International Auto Show has emerged as a platform for showcasing advancements in low-altitude economy, featuring eVTOLs and flying cars, indicating a transformative shift in transportation towards a "ground + low-altitude" dual development model [1][2][8]. Group 1: Industry Developments - The auto industry is witnessing a significant transformation, with traditional boundaries being redefined as companies explore low-altitude economic opportunities, including urban air mobility and logistics [2][5]. - Major players like FAW Hongqi, GAC, and XPeng are unveiling innovative flying cars, with FAW's "Tianxian 1" boasting an air range exceeding 200 kilometers and set for its maiden flight this year [2][3]. - The integration of aviation technology into automotive products signifies China's proactive positioning in the future transportation landscape [2][5]. Group 2: Technological Innovations - Companies like Fengfei Aviation are showcasing eVTOLs equipped with high-density batteries, achieving a range of 200 kilometers and a cruising speed of 200 km/h, demonstrating significant advancements in aerial mobility [3][4]. - The emergence of smart drone systems at the auto show highlights the trend of integrating low-altitude economy with intelligent connected vehicles, enhancing operational efficiency and expanding application scenarios [3][4]. Group 3: Market Potential - The low-altitude economy is projected to grow significantly, with China's market expected to reach 1.5 trillion yuan by 2025 and 3.5 trillion yuan by 2035, reflecting a robust growth trajectory [11][12]. - The current scale of China's low-altitude economy has surpassed 500 billion yuan, with a growth rate of 33.8% in 2023, indicating strong market demand and investment interest [11][12]. Group 4: Policy and Regulatory Framework - The Chinese government is actively supporting the development of the low-altitude economy through policy initiatives, including the establishment of a dedicated department for low-altitude economic development [7][8]. - The Ministry of Industry and Information Technology has outlined a strategic focus on standardizing regulations for flying cars, addressing airspace coordination, airworthiness certification, and integrated traffic rules [7][8]. Group 5: Future Applications - The application scenarios for eVTOLs are expanding beyond urban transportation to include logistics, emergency rescue, and tourism, showcasing the versatility of low-altitude vehicles [10][11]. - Companies are exploring innovative use cases, such as rapid logistics delivery and emergency response, which could significantly enhance operational efficiency and service delivery in various sectors [10][11].