消费级市场初露锋芒，工业级低空场景方兴未艾。 消费级市场方面，据智研咨询数据显示， 2024 年中国消费级无人机市场规模达 488.99 亿元，同比增长 20% 。依托无人机产业与消费市场的逐步成型，低空娱乐旅拍作为低空经济与文旅消费的融合创新，已在全国多地景区快速落地；亿航智能 EH216-S 无人 驾驶 eVTOL 载人航空器正式开启载人应用。工业级市场方面，据中商产业研究院数据显示， 2023 年中国工业无人机及其相关服务产业市场规模达 1134 亿元，相较于消费级低空市场展现出更高发展潜力。无人机巡检可大幅提高巡检效率与精度；采用"末端 + 支线"无人机航空物流模式，可为物流企业降低经 营成本 30% 以上；无人机将应急行动从被动响应转向主动防控，推动灾害防控能力的提升。 报告导读： 低空经济相关政策逐步细化，行业日渐走向成熟。随着行业规模不断扩大，布 局相关产业链的企业将率先受益，投资价值凸显。 投资建议： 我们认为，近年来低空经济相关政策逐步细化，行业日渐走向成熟。随着行业规模不断扩大，布局相关产业链的企业投资价值凸显： 1 ）整机企 业有望率先受益低空应用场景扩大； 2 ）整机上游材料与零部件企 ...

作为中国开放程度最高、经济活力最强的区域，粤港澳大湾区共有15家企业上榜，领跑全国。 南方财经记者吴佳霖 广州报道 近期，《财富》杂志发布2025年中国科技50强榜单。 这是第二年发布该榜单。与去年相比，北京、深圳两市作为双核继续引领，更多AI与机器人企业新上榜。例如，大热的大模型企 业DeepSeek首次入选便空降第二，而在机器人领域，宇树科技、云深处、珞石机器人等企业新上榜。 其中，北京、深圳、杭州三城占据了半壁江山，合计共有25家企业上榜，刚好是总榜单的50%。分区域来看，大湾区共15家，长 三角共12家，北京10家，占比74%，是中国科技创新的主力军。 | 区域板块 | 包含城市及上榜数量 | 小计 | | --- | --- | --- | | 粤港澳大湾区 | 深圳 (9)、广州 (3)、香港 (1)、中山 (1)、惠州 (1) 15家 | | | 长三角城市群 | 上海(3)、杭州(6)、苏州 (2)、常州 (1) | 11家 | | 京津冀城市群 | 北京(10)、石家庄(1) | 4家 | | 成渝经济圈 | 成都(3)、重庆(1) | ４家 | | 山东半岛城市群 | 青岛(1)、烟台(1 ...

新华社深圳8月25日电 题：勇立潮头再出发——写在深圳经济特区建立45周年之际 新华社记者周科、陈宇轩 8月26日，深圳经济特区将迎来建立45周年。从"三天一层楼"的深圳速度，到"半小时落户"的深圳 效率，再到"日均数百项专利"的深圳质量，这座改革开放后党和人民一手缔造的崭新城市，45年来始终 勇立潮头。 2020年10月，在深圳经济特区建立40周年庆祝大会上，习近平总书记指出，深圳要建设好中国特色 社会主义先行示范区，创建社会主义现代化强国的城市范例，提高贯彻落实新发展理念能力和水平，形 成全面深化改革、全面扩大开放新格局，推进粤港澳大湾区建设，丰富"一国两制"事业发展新实践，率 先实现社会主义现代化。 5年来，深圳牢记嘱托，以"闯"的精神、"创"的劲头、"干"的作风，推动改革开放再深化、发展能 级再跃升、民生福祉再增进，在中国式现代化新征程上继续先行示范、谱写新篇。 改革创新塑造发展新动能 南海之滨，风劲潮涌。 深圳湾云帆高张，远处一艘艘巨轮"犁"开深蓝色的航道，与岸边摩天楼宇闪烁的霓虹交相辉映，勾 勒出这座国际化大都市的蓬勃脉动。 翻开深圳这5年的"成绩单"，一个个数据引人注目。 2020年至2024年 ...

Core Insights - The low-altitude economy is rapidly becoming a strategic focus for many listed companies, with several reporting significant growth in related business areas in their half-year results for 2025 [1][3] - Multiple cities are actively implementing low-altitude economic development plans, indicating a competitive push into a trillion-yuan market, supported by reforms in low-altitude airspace and new infrastructure [1][4] Company Performance - Leading companies in the low-altitude economy sector have shown remarkable performance, with some reporting net profit increases of over 1000%, such as Qianfang Technology with a 1287% increase [3][4] - Companies like Zongheng Co. have reported a 61.72% year-on-year increase in revenue, driven by the rapid implementation of low-altitude digital economy projects [6] Market Potential - The low-altitude economy is projected to reach a scale of 1.6 trillion yuan by 2027, with significant growth expected in low-altitude logistics, including cold chain logistics and instant delivery services [4] - The market for low-altitude logistics is anticipated to create nearly 8 billion yuan in market space by 2027, driven by policy support and technological advancements [4] Industry Developments - Various provinces are developing tailored low-altitude economic action plans, with Sichuan province aiming to establish itself as a hub for low-altitude economic development [6] - Companies are actively expanding their business boundaries, with Hai Te Gao Xin collaborating with eVTOL manufacturers and Huaguang Yuanhai entering the bulk commodity logistics sector [7] Technological Advancements - Companies like Nairui Radar are broadening their market applications, including meteorological detection and civil aviation, while also planning international expansion [7] - The integration of AI and unmanned systems in low-altitude data services is being pursued by companies to enhance operational efficiency and service delivery [6]

Financial Performance - In the first half of 2025, the company achieved total revenue of approximately 688 million CNY, a year-on-year increase of 13.77% [2] - The net profit was -66.70 million CNY, with a year-on-year growth of 24.77% [2] - The non-recurring net profit was -74.21 million CNY, reflecting a year-on-year increase of 21.23% [2] - Despite remaining in a loss position, the company narrowed its loss compared to the same period last year while achieving revenue and net profit growth [2] Business Development - The company has made significant progress in the low-altitude economy, launching three core products: the tri-redundant flight control computer, smart take-off and landing field, and low-altitude integrated service platform [2] - Collaborations with major manufacturers in the UAV sector have led to signed orders and ongoing ground and flight testing [2] - The establishment of a joint venture with Hangzhou Low Altitude Company focuses on "full lifecycle services for low-altitude governance flights" [2] Shareholder and Stock Repurchase Information - Hangzhou Urban Investment holds 4.79% of the company's shares, making it the largest shareholder [3] - As of July 31, 2025, the company has repurchased 3,274,600 shares, accounting for 0.48% of the total share capital, with a total transaction amount of 24,620,654 CNY [3] Loss Reduction Factors - The reduction in losses is attributed to increased orders and project delivery scale in the smart transportation business, as well as steady growth in the semiconductor single crystal silicon materials sector [3] - Effective cost control measures have also contributed to the improvement in overall gross profit [3] Challenges and Future Strategies - The gross margin of the smart transportation business has declined due to varying project requirements and economic conditions across different regions [3] - The company plans to implement management reforms, process optimizations, and increased R&D investment to enhance product quality and market share [3] - Continuous orders exceeding 2.5 billion CNY in the rail transportation sector over the past three years indicate potential for steady future growth, although various factors may impact performance [3] Health Sector Developments - The health business encompasses three main areas: scientific anti-aging research, medical device CDMO, and synthetic biology health products [4] - Products in the health sector are primarily developed through outsourcing, with a focus on innovative solutions in anti-aging and health technology [4] Future Directions - The company aims for digital transformation as a primary development pathway, focusing on building an integrated transportation ecosystem and enhancing core industries [4] - The establishment of a new base in Pujiang is underway, with production expected to start this year [4] - Collaborative investments in computing power and infrastructure development are being pursued to support future growth [4]

Group 1: Economic Growth and Innovation - The integration of technological innovation and industrial innovation is driving new productive forces, particularly in high-tech manufacturing and green products, contributing to economic development [1] - From January to July, the added value of high-tech manufacturing industries increased by 9.5% year-on-year [1] Group 2: Robotics Industry - In the first half of the year, China's robotics industry revenue grew by 27.8%, maintaining its position as the largest industrial robot market globally for 12 consecutive years [3] - The density of manufacturing robots in China has risen to the third highest in the world [3] - At the 2025 World Robot Conference, over 1,500 exhibits were showcased, with sales of robots and related products exceeding 200 million yuan [2] Group 3: Automation in Manufacturing - China National Heavy Duty Truck Group's Laiwu factory has achieved high automation with 220 robots and 109 AGVs, reducing the workforce needed from 280-300 to about 30 [3] - The factory's welding workshop has reached 100% automation in robotic spot welding [3] Group 4: Medical Technology - Beijing Pinchi Medical Equipment Co., Ltd. has made breakthroughs in core technologies for neuroregulation products, reducing reliance on foreign technologies and lowering product prices [7] - The company is the only one globally with four series of mainstream implantable neuroregulation products [8] Group 5: Low-altitude Economy - The first "low-altitude bus" terminal in Hangzhou has opened, reducing travel distance from over 40 kilometers on the ground to just over 20 kilometers in the air, with flight times of 8 to 10 minutes [9] - Meituan has opened 64 drone delivery routes, completing over 600,000 orders as of June this year [9] - The Civil Aviation Administration of China estimates that the low-altitude economy market will reach 1.5 trillion yuan by 2025 [9] Group 6: Overall Industry Development - The integration of technological and industrial innovation is significantly optimizing and upgrading industrial structures, providing strong support for high-quality economic development [12] - Industries such as robotics, smart manufacturing, and low-altitude economy are showing substantial market potential and development space [13]

来源：中国新闻网 中新网上海8月20日电 (谢梦圆)作为连续被写入中国政府工作报告的前沿领域，低空经济正以蓬勃之势 崛起。近年来，随着政策持续利好、技术不断突破以及市场需求逐步释放，这一产业正以前所未有的速 度拓展边界，展现出巨大的发展潜力。那么，这一新兴产业究竟将"驶向"何方，又呈现出怎样的发展趋 势？ 当前，中国发展低空经济不再只对单一技术或产品进行探索，而是孕育着涵盖飞行器制造、基础设施建 设、运营服务、场景应用的全链条生态。被普遍视为"万亿级赛道"的低空经济产业，其潜力不仅在于带 动航空制造、电子信息等产业升级，更在于通过物流、应急、城市治理等场景创新提升社会运行效率。 然而，上海面临的挑战同样突出。上海低空经济产业发展有限公司信息技术副总监巢智博介绍，作为人 口密集的国际化大都市，上海空域资源高度紧张——上海浦东国际机场以及上海虹桥国际机场叠加军用 机场、港口等敏感区域，实际可用于低空飞行的空域不足50%；核心企业的制造环节较难落地，不少头 部厂商因缺乏试飞场地将工厂外迁；低空空域相关标准与立法空白，安全责任界定模糊，进一步加剧了 商业闭环形成的难度。 上海吴泾经济发展有限公司总经理徐佳麟认为，目前 ...

8月18日-8月22日低空经济A股相关标的平均涨跌幅为+2.7%，涨幅前五标的分别为长源 东谷（+15.3%）、光洋股份（+15.3%）、恒拓开源（+14.5%）、新晨科技（+13.5%）、海 特高新（+12.8%）；跌幅前五标的分别为山河智能（-12.2%）、可立克（-7.2%）、蔚蓝锂 芯（-6.8%）、莱斯信息（-6.8%）、西测测试（-5.7%）。美股方面，亿航智能（+3.5%）、 Vertical Aerospace（+2.8%）、Archer Aviation（-1.5%）、Joby Aviation（-10.1%）、Eve Holding（-12.8%）。 开源证券近日发布电力设备行业周报：8月18日，云南省发布《支持低空经济健康发展 的若干措施》，从安全监管、产业集聚、应用场景等15个方面提出支持政策。其中明确，面 向国内外企业免费提供高原无人机测试服务，对通过适航认证的整机产品给予最高1000万元 奖励，并打造低空文旅新业态。 以下为研究报告摘要： 首条昆山至上海中心低空航线通航，江西金控等设立3.05亿低空经济产业基金 （1）政策支持：8月18日，云南省发布《支持低空经济健康发展的若干措施 ...

Core Viewpoint - The establishment of the Harbin Low Altitude Economy Industry Association marks a significant milestone in the development of low altitude economy in Harbin, indicating a new phase characterized by organization, planning, and leadership, which is crucial for building a modern transportation system and fostering new economic growth [1][2] Group 1 - The founding conference attracted over 500 participants from various sectors including enterprises, research institutions, financial organizations, government representatives, and experts, highlighting the historical importance of the event [1] - The association aims to create a high-end platform that integrates government, industry, academia, research, and application, breaking down industry barriers and fostering collaboration [2] - The low altitude economy is identified as a strategic emerging industry with a market potential in the trillion-level range, emphasizing its significance for future economic development [2] Group 2 - The first batch of member units of the association covers the entire industry chain, including manufacturing, flight control systems, power systems, sensors, operational services, airport construction, data platforms, and investment financing, indicating the formation of a collaborative and mutually beneficial low altitude economic ecosystem [6] - The deepening of low altitude airspace management reforms and the maturation of technology will enable the low altitude economy to play an irreplaceable role in various sectors such as emergency rescue, agricultural protection, tourism, urban management, and logistics, contributing to high-quality economic and social development [8]

Core Viewpoint - The release of the first batch of 21 cross-regional quality strong chain projects aims to enhance quality cooperation and support across various industries, including both emerging and traditional sectors, thereby improving the resilience and safety of industrial chains [1][2][3] Group 1: Emerging and Traditional Industries - The cross-regional projects encompass both emerging industries such as robotics, brain-computer interfaces, low-altitude economy, and commercial aerospace, as well as traditional industries like textiles, engineering machinery, and coal chemical [1] - Experts believe that the implementation of these projects will help break through key technological bottlenecks in the industrial chain, facilitating the industrialization of technological achievements and expanding application scenarios [2] Group 2: Quality Improvement and Economic Development - The quality strong chain initiative is seen as essential for accelerating the development of new productive forces and is a key measure to enhance domestic circulation and meet the high-quality living needs of the population [2] - The projects aim to introduce new technologies and models to improve product and service quality in traditional industries, thereby achieving a transformation of old and new driving forces [2] Group 3: Collaboration and Coordination - It is recommended that involved regions and departments establish a regular communication mechanism to enhance coordination, integrate quality technology innovation resources, and promote policy linkage and resource sharing [3] - Companies are encouraged to strengthen collaboration with universities and research institutions to address quality bottlenecks and create more significant breakthroughs [3]