Core Viewpoint - The Civil Aviation Administration of China (CAAC) has issued an emergency notice prohibiting passengers from carrying power banks without CCC certification, unclear CCC markings, or those that are recalled on domestic flights starting June 28, 2025. DJI confirms that its drone batteries do not fall under the power bank category and are not subject to the new CCC certification requirements [1] Group 1 - The new regulation specifically targets power banks and does not affect the security inspection requirements for camera lithium batteries [1]

Group 1 - Company Guoanda (300902) has signed an investment agreement with Shenzhen Kewitai Industrial Development Co., Ltd. to increase its shareholding to 19.81%, driven by strong order certainty for Kewitai this year, which is expected to contribute to performance growth [2] - Kewitai is recognized as a national high-tech enterprise and a national-level specialized and innovative "little giant" enterprise, focusing on the research and manufacturing of industrial-grade drone systems and wireless video transmission technology for over 20 years [2] - The investment aims to strengthen the strategic collaboration between Guoanda and Kewitai in the industrial-grade drone development and market application sectors, enhancing the integration of technology and market [3] Group 2 - Guoanda has established a comprehensive emergency rescue support base in collaboration with the Zhangzhou Emergency Management Bureau and the Huian County People's Government, which recently became operational [3] - The base is equipped with over 40 types of emergency materials and equipment, including Guoanda's self-developed drones, firefighting robots, intelligent firefighting vehicles, and micro firefighting stations [3] - The company is actively exploring new technologies and application models in the emergency rescue field, promoting the intelligent upgrade of emergency equipment and continuous improvement of rescue efficiency [3]

Group 1 - A large marine drone showcased at the China International Small and Medium Enterprises Expo, produced by Hainan Airy Technology Co., Ltd, is designed for marine equipment deployment and has applications in logistics, emergency rescue, and forest firefighting [2] - Hainan's participation in the expo included 30 quality enterprises, highlighting the province's advancements in marine technology and its commitment to the national marine power strategy [2][3] - The deep-sea microbial sampler from Hainan Lionfish Deep Sea Technology Co., Ltd is designed for deep-sea microbiology research and has already been exported to Chile, marking it as the province's first set product [3] Group 2 - Companies like Hainan Wisdom Maritime Technology Co., Ltd and Hainan Water Sound Technology Co., Ltd showcased their innovations in deep-sea technology, with several products recognized as provincial "first sets" or meeting international advanced standards [2][3] - In the field of artificial intelligence and information technology, companies such as Zhuoshijia Technology (Hainan) Co., Ltd presented their leading products, demonstrating Hainan's innovation in the digital economy [3] - The intelligent rubber tapping machine from Hainan Rubber Intelligent Manufacturing Co., Ltd automates the rubber tapping process, addressing labor shortages and promoting a shift from labor-intensive to technology-intensive production in the natural rubber industry [4]

Economic Indicators - China's manufacturing PMI for June and Caixin manufacturing PMI will be released this week [1] - The U.S. will report June unemployment rate and non-farm payroll changes [1] Stock Market Developments - A total of 68 stocks will be released from lock-up this week, with a combined market value of approximately 81.671 billion yuan [3] - The top three stocks by lock-up value are: Zhong Wunong Drone (20.02 billion yuan), Dize Pharmaceutical-U (13.272 billion yuan), and Gai Lun Electronics (6.942 billion yuan) [3][4] Government and Policy Updates - The State Council, led by Premier Li Qiang, is focusing on enhancing the country's technological self-reliance and innovation capabilities [5] - The People's Bank of China suggests increasing monetary policy adjustments to guide financial institutions in boosting credit supply [7][8] International Relations - Wang Yi, China's Foreign Minister, will visit the EU headquarters, Germany, and France for high-level strategic dialogues [6] Regulatory Changes - The Shanghai Stock Exchange and Shenzhen Stock Exchange are proposing to adjust the price fluctuation limit for risk-warning stocks from 5% to 10% [11][12] Market Outlook - Analysts suggest that the A-share market may experience a volatile upward trend, with three main lines of investment opportunities: high safety margin assets, technology sector, and consumer sectors boosted by policy [25]

Macroeconomic Updates - On June 30, the National Bureau of Statistics of China will release the monthly Purchasing Managers' Index (PMI) report, with May's manufacturing PMI at 49.5%, an increase of 0.5 percentage points from the previous month, indicating an improvement in manufacturing sentiment [4] - The National Energy Group launched a billion-level power generation model called "Qingyuan," which aims to lead the energy sector towards intelligence and digitalization through innovative decision-making systems [4] - The People's Bank of China held a monetary policy committee meeting on June 23 to discuss the main ideas for the next phase of monetary policy [4] Market Developments - Starting June 30, 2025, the Hong Kong Stock Exchange will adjust the stock transaction fee from 0.002% to 0.0042% of the transaction amount, removing the minimum and maximum fee limits, which may significantly reduce costs for small transactions [8] - The logistics operation data for the first five months of the year shows a total social logistics volume of 138.7 trillion yuan, a year-on-year increase of 5.3% [5] - From January to May, the total profit of industrial enterprises above designated size was 27,204.3 billion yuan, a year-on-year decrease of 1.1%, while the equipment manufacturing sector saw a profit increase of 7.2% [5] Company News - Guangzhou Shiyuan Electronic Technology Co., Ltd. submitted its prospectus to the Hong Kong Stock Exchange on June 17, focusing on interactive smart panels and LCD control boards [2][20] - Xiaomi's Yu7 standard version achieved a range of 835 km, ranking first in the SUV category for range [16] - Neuralink announced plans to integrate human brains with AI by 2028 [18] - Aiyer Eye Hospital signed a strategic cooperation agreement with Huawei Cloud to develop AI applications in eye health [19] - The Shanghai Stock Exchange is seeking public opinion on adjusting the price fluctuation limits for risk-warning stocks from 5% to 10% [11]

Group 1: Investment and Financing Activities - Xingluo Intelligent, a leading domestic low-altitude intelligent robot company, completed over 100 million yuan in B+ round financing, led by Suzhou Port and Lingang Frontier Investment, focusing on new energy robot productization and urban low-altitude economic applications [2] - Blue Core Computing (Shenzhen) Technology Co., Ltd. completed Pre-A and Pre-A+ rounds of financing, raising several hundred million yuan, with investments from various venture capital firms, aimed at server chip mass production and new server product development [3] - Zhidai Technology completed over 100 million yuan in A round financing, led by Deep Venture Capital, to build R&D bases and production facilities for low-burden oil substitutes [4][5] Group 2: Technological Innovations and Developments - Blue Core Computing focuses on RISC-V architecture server chip development, providing high-performance AI computing solutions for data centers and cloud computing [3] - Zhidai Technology specializes in low-burden oil substitutes, with products that can reduce triglyceride levels by up to 95% [5] - Lingyi Yunchuan Energy Technology Co., Ltd. achieved significant milestones in floating wind power technology, including successful test flights of their systems, setting industry records [12] Group 3: Strategic Collaborations and Market Expansion - Haier, Ant Group, and CATL signed a strategic cooperation agreement to develop L4 autonomous driving technology, enhancing safety and reliability for commercial applications [4] - Yikong Zhijia Technology Co., Ltd. completed over 400 million yuan in D round financing, focusing on R&D and international market expansion for autonomous driving products [6][7] - Lingbao CASBOT established a joint venture with Shandong Zhaojin Group to focus on intelligent robots for mining safety and operations [13]

Group 1: Agricultural Drone Development - The "Q100" agricultural drone, developed by Shenzhen United Aircraft Technology Co., Ltd., is currently in use across various regions in China and has been exported to Southeast Asia [1][2] - The design of the drone was tailored to meet the specific needs of different agricultural regions, with adaptations for varying terrain and transportation methods [2] - The drone can perform multiple tasks such as spraying, sowing, transporting, and aerial surveying, making it versatile for agricultural applications [2] Group 2: Low-altitude Economy in Guangdong - Guangdong Province has opened over 700 drone flight routes, with nearly 800,000 annual flights for drone logistics delivery, indicating a growing low-altitude economy [4] - The province is also developing a 30-minute aerial medical rescue network, showcasing the diverse applications of low-altitude technology [4] - The low-altitude economy in Guangdong is valued at over 100 billion yuan, with more than 15,000 related enterprises, covering all aspects from material research to operational services [6] Group 3: Technological Innovations - The development team has created a unique "multi-engine vector array + intelligent flight control" system to enhance the stability of flying vehicles [5] - A composite wind tunnel testing platform has been established to simulate extreme conditions for low-altitude flying vehicles, significantly reducing testing time [5] - The goal is to create a "balcony-to-balcony" vertical commuting network, which could redefine urban short-distance travel [5]

点击上图▲立即收听 " 中国有能力让全球无人机产业停摆一年。 " 文 / 巴九灵（微信公众号：吴晓波频道） 近日，奇怪的一幕出现了： 6月24日，根据美国科技媒体TheVerge走访，占据美国80%市场份额的 大疆无人机产品，从美国百思买的商场的货架上"消失"了，连价格标签都 被撤下，网站上也难以购买到大疆的新产品，仅有几台老款翻新在售，但价格高得离谱。 由此引发了一些联想后， 大疆发言人黛西・孔对此回应称："大疆仍然致力于美国市场。正如我们之前所分享的，大疆一直在与美国海关与边境保 护局(CBP)合作，解决一个与海关问题相关的误会。不幸的是，这影响了我们的无人机和零件的备货和进口。我们理解客户的失望，但仍然希望此 问题能够得到解决。" 美国人对中国无人机的"怕"与"爱"不算什么冷知识。 说它怕，自2017年开始，他们便以"数据安全隐患"为由，对大疆在美国的销售实施了限制措施。2019年后至今，从"禁止政府机构使用"到呼吁"征 收更高关税"，对中国无人机的举措层出不穷。 特朗普上台后，就在半个月前，还签署了三项行政命令，加强美国对无人机威胁的防御能力，同时减少对中国等外国无人机制造商的依赖。 但8年下来，美国 ...

Core Insights - Shaoxing City has introduced 18 low-altitude economic projects with a total planned investment exceeding 26.6 billion yuan [1] - In the first four months of this year, the output value of regulated enterprises in the low-altitude economy reached 1.14 billion yuan [1] - The "Shaoxing-made" medium and large fixed-wing drone has officially rolled off the production line [5] Group 1: Low-altitude Economic Development - Shaoxing City has been selected as one of the first "National Comprehensive Demonstration Zones for General Aviation Industry" [3] - The city has established a low-altitude economic development path focusing on four key areas: platform, industry, scenario, and service [4] - A comprehensive low-altitude economic special plan has been published, and a low-altitude flight supervision service platform has been built [4] Group 2: Infrastructure and Projects - The city has set up 16 drone storage facilities covering the entire area and has initiated the construction of 7 medium and large take-off and landing sites, along with 50 small take-off and landing sites [4] - An integrated service platform for aerial emergency services has been established, enabling low-altitude passenger routes to connect directly to the Yangtze River Delta [4] - New projects such as the "Dajiang Yangtze River Delta Chain Master Supporting Industrial Park" and "Zongheng National Low-altitude Digital Economy Headquarters" have been signed [4] Group 3: Future Outlook - The output value of regulated enterprises in the low-altitude economy in Shaoxing is expected to exceed 4 billion yuan this year [4] - The Zhejiang Provincial Department of Transportation aims to enhance planning, projects, pilot programs, and resource collaboration to support the development of the low-altitude economy [6]

Market Overview - A-shares experienced a strong performance early in the week, with the Shanghai Composite Index surpassing 3400 points and reaching a new high for the year, followed by a slight adjustment later in the week [1] - Weekly trading volume increased significantly to 7.43 trillion yuan, the highest in two and a half months [1] - Margin trading saw a net buy of over 25.6 billion yuan, the largest weekly net purchase in four months [1] Sector Performance - The computer and non-bank financial sectors attracted over 4 billion yuan in net buying, while the electronics sector saw over 3.5 billion yuan and the power equipment sector over 2.6 billion yuan in net buying [1] - The real estate and construction decoration sectors experienced net selling of over 200 million yuan, with textiles, coal, and oil and petrochemicals also facing slight net selling [1] Capital Inflows - The computer sector received over 48.1 billion yuan in net inflows from major funds, with electronics, non-bank financials, and power equipment sectors each attracting over 30 billion yuan [1] - The defense and military industry saw net inflows exceeding 25.1 billion yuan, while communication, machinery, automotive, and basic chemicals also received over 10 billion yuan each [1] - Banking, oil and petrochemicals, and public utilities sectors experienced net outflows exceeding 2 billion yuan, with food and beverage and beauty care sectors also seeing slight outflows [1] Military and Metal Sectors - The military sector strengthened significantly following the approval of a restructuring plan, with the ground equipment index rising 20.81% and reaching an 8-year high [2] - Leading stocks in the military sector, such as Changcheng Military Industry, saw a cumulative increase of over 91% in the past eight trading days [2] - Metal sector stocks also performed well, with industrial metals, rare metals, and rare resources indices all achieving new highs [2] - Lithium carbonate futures surged by 6.24%, while copper, zinc, and other main contracts also saw five consecutive days of price increases [2] Future Outlook - Domestic policy is expected to gradually improve terminal demand, with metal demand elasticity set to increase [3] - Supply constraints for metals like copper and aluminum are anticipated to continue, leading to a tightening supply-demand situation [3] - Market sentiment indicators suggest potential for further index increases, but caution is advised regarding the brokerage sector's role in market movements [3]