Group 1 - The investment promotion conference in Aba, hosted by the Aba Prefectural Committee and the local government, aimed to attract investment and cooperation in various sectors [2][3] - Aba is recognized as a significant clean energy base in China, with planned development of nearly 100 million kilowatts in hydropower, photovoltaic, and wind energy [2] - The region is also a strategic reserve for lithium resources, with proven lithium ore reserves of 165 million tons [2] - Aba is an international ecological and cultural tourism destination, featuring 4 national 5A scenic spots, 29 4A scenic spots, and 77 3A scenic spots [2] - The conference introduced over 100 advantageous projects across various industries, including cultural tourism, specialty agriculture and animal husbandry, clean energy, medical tourism, low-altitude economy, ecological drinking water, modern logistics, and intelligent computing [2] Group 2 - The local government committed to implementing national and provincial policies to support enterprise development, including financial support, investment incentives, and retention of electricity [3] - Specific measures such as "12 incentive and subsidy policies," "28 relief measures," and "15 main body cultivation policies" were highlighted to ensure direct benefits to enterprises [3] - The government aims to enhance the business environment by focusing on financial, talent, land, and technology support, as well as optimizing governance, market, legal, and social conditions [3] - The introduction of "Huiqi Tong" allows enterprises to access Aba's policies and services conveniently [3]

Investment Rating - The industry rating is "Outperform the Market" [6][54]. Core Insights - The low-altitude economy sector is currently experiencing a period of stagnation, with expectations for a rebound driven by industry catalysts and supportive policies [4][29]. - The focus for the low-altitude industry this year is on infrastructure development and the implementation of drone applications, which are seen as essential for the sector's growth [5][30]. - The market is awaiting significant policy support and advancements in the industry, with local governments actively working on practical measures such as airspace planning and low-altitude flight management [4][29]. Summary by Sections Market Review - The Wind Low Altitude Economy Index decreased by 0.55% this week, ranking 164 out of 338, underperforming the market as the Shanghai Composite Index rose by 0.21% [3][13]. - The top five gainers in the A-share and Hong Kong stock markets included: Kaizhong Co. (up 15.44%), Xingwang Yuda (up 11.84%), Shencheng Transportation (up 10.13%), Aerospace Nanhua (up 5.99%), and Zongheng Co. (up 5.78%) [3][16]. Industry Dynamics - Recent developments include strategic partnerships and policy announcements aimed at fostering the low-altitude economy, such as the signing of a cooperation agreement between Hefei City and a helicopter company, and the release of support policies for low-altitude economic development in Shanghai [33][36]. - The Guangdong low-altitude economy has reached a scale of over 100 billion, with more than 15,000 related enterprises, accounting for over 30% of the national low-altitude economy industry chain [37]. Investment Strategy - The report suggests focusing on infrastructure companies such as Les Information and Suzhou Planning, as well as drone-related companies like Jifeng Technology and Henghe Precision [6][32]. - The low-altitude industry is seen as having the potential for a rebound, with the right conditions and catalysts expected to drive growth in the coming months [4][29].

Investment Rating - The industry investment rating is "Positive" [5] Core Insights - The low-altitude economy is experiencing significant growth, with strategic partnerships and projects being established, such as the collaboration between Zero Gravity Aircraft Industry and Dongtou Group to procure 50 eVTOLs [18][29] - The Guangdong low-altitude economy conference resulted in 23 projects being launched, indicating strong regional interest and investment in the sector [26] - The establishment of the Shanxi Low Altitude Economy Association and its five-year action plan aims to boost the local low-altitude economy to over 150 billion yuan by 2030, creating more than 30,000 jobs [27] Summary by Sections 1. Weekly Review - The average change in the low-altitude economy sector was -0.2%, with Penghui Energy leading the gains at +18.6% [10][22] - The top five gainers included Penghui Energy (+18.6%), Xinwangda (+16.0%), and Kaizhong Co. (+15.4%) [12][21] 2. Industry Dynamics - The low-altitude industry chain is robust, with 881 registered companies and over 4.06 million low-altitude equipment products [24] - The low-altitude economy is entering a phase of large-scale commercial application, expanding into various sectors such as logistics and emergency rescue [25] 3. Individual Company Developments - Zero Gravity Aircraft Industry has signed a framework agreement with Dongtou Group for the procurement of 50 eVTOLs, enhancing the low-altitude tourism industry in Yulin [29] - ZTE Corporation proposed a low-altitude integrated perception technology solution, incorporating AI to improve safety and efficiency in low-altitude operations [28]

Core Insights - The company Jieneng Keshih has won the "Most Investment Value Award" at the 4th Global Digital Trade Expo, being the only low-altitude economy enterprise among the ten awardees, highlighting the potential of future "airborne increments" [1] - The award is seen as recognition of the company's past efforts and a strong expectation for future development [1] Company Innovations - Jieneng Keshih has been a pioneer in low-altitude safety for eight years, introducing the country's first low-altitude safety vertical domain model "Wuqiong" at the expo, which acts as a "smart brain" for the low-altitude economy [1][2] - The "Wuqiong" model utilizes real-world data accumulated over eight years, processing 300,000 to 400,000 drone flight trajectory data daily, showcasing its capability to predict and replicate drone paths and issue multi-faceted verification commands against potential unauthorized flights [2] Technological Advancements - The model integrates nearly a hundred algorithms through deep learning, enabling real-time analysis of drone dynamics and proactive intelligent defense in low-altitude safety management [2] - Jieneng Keshih has introduced three major platforms for urban low-altitude target management and rapid response, including a public safety regulation platform and a low-altitude economic application platform for the Linping District [3] Industry Context - The innovations of Jieneng Keshih reflect the rise of emerging industries in Linping, with the district showcasing four local enterprises at the expo to demonstrate their commitment to low-altitude economic development [4] - The expo serves as a concentrated review of Linping's digital trade achievements and a new starting point for future development, emphasizing the integration of digital technology with the real economy [4]

Core Insights - The "Chengdu Low Altitude Economic Application Technology Industrial Park" was officially inaugurated, marking a new milestone in the development of low-altitude economy in Chengdu's Wenjiang District [1] - A cooperation framework agreement was signed between Chengdu Yukunzhicheng Technology Co., Ltd. and Chengdu Supercomputing Center, focusing on three core areas: comprehensive design of low-altitude drones, low-altitude meteorology and flight safety, and low-altitude numerical simulation and wind tunnel testing [1][2] - The industrial park aims to integrate technology resources for local low-altitude economy enterprises and support breakthroughs in the upstream industry [1] Development and Operations - The project has been rapidly developed with the support of the Chengdu Wenjiang District Science and Technology Bureau, establishing a comprehensive support system from signing contracts to operational launch [2] - The industrial park has established a dual-driven development model of "hardware + software," with various new drones and low-altitude logistics systems already in mass production [2] - Collaborations with institutions like the University of Electronic Science and Technology and Chengdu University of Information Technology have been initiated to enhance research and development capabilities in low-altitude economy [2] Future Directions - Wenjiang District plans to focus on professionalization and specialization, aiming to develop a series of characteristic parks and industrial clusters in low-altitude economy, information communication, and artificial intelligence [3]

Core Points - The 2025 Paragliding World Cup Finals opened in Jingmen, Hubei Province, with a significant investment event where over 80 prominent entrepreneurs from Guangdong and Zhejiang signed 10 major projects totaling an investment of 8.26 billion yuan [1][3]. Group 1: Project Overview - The 10 major projects signed cover five sectors: digital economy, green home building materials, green phosphorus chemical industry, low-altitude economy, and agricultural product processing [3]. - Key projects include the Huazhong Membrane Structure Manufacturing Base, Semiconductor Packaging and Testing Industrial Park, and Fengying High Polymer Modified Materials, which will enhance the development of pillar industries and advantageous industrial clusters in Dongbao [3]. Group 2: Economic Impact - The signed projects will not only extend the low-altitude economic industrial chain in Jingmen but also fill gaps in local industries such as low-altitude sightseeing tourism and paragliding manufacturing [3]. - Dongbao District has focused on "industry as the primary support," actively integrating into provincial and municipal development strategies, and has signed 80 projects worth over 1 billion yuan this year, totaling 35.7 billion yuan [5].

每经记者｜刘艳美 每经编辑｜杨欢 这几天，一场科技盛宴正在杭州上演。 9月25日起，为期五天的第四届全球数字贸易博览会（以下简称"数贸会"）正式拉开帷幕。 作为我国唯一以数字贸易为主题的国家级、国际性、专业型展会，本届数贸会的一大亮点，就是围绕数字贸易核心优势，不仅注重改造提升传统产业，也注 重培育壮大新兴产业，布局建设未来产业。 在15.5万平方米的展会现场，超1800家参展商携前沿技术、创新产品和重磅首秀亮相。其中，低空经济作为新质生产力的典型代表和战略性新兴产业，在此 次数贸会上备受关注。 9月27日，第四届数贸会"低空经济新兴技术与产业发展对接会"举行。会上，由每日经济新闻·每经智库、城市进化论与火石创造联合编写的《城市低空经 济"链接力"指数（浙江2025）》报告正式发布。 报告从企业聚集度、创新聚集度、资本活跃度、环境友好度和AI低空融合度等五大维度，对浙江各市低空经济发展水平进行了系统性评估，为城市找准"坐 标"、协同发展提供参照。 在对接会圆桌对话环节，每经智库总裁、城市进化论主编江然还与德国不来梅州经济促进局亚洲部部长Matthias Hempen，浙科投资董事长、浙江省创业投 资协会副会长 ...

Group 1 - The event in Jilin City showcased various electric vertical takeoff and landing (eVTOL) aircraft, highlighting advancements in urban air mobility [1][2] - The demonstration was part of the first International Conference on Urban Low-Altitude Transportation, attended by over 40 industry experts from nearly 10 countries [1] - EHang's EH216-S, the world's first eVTOL to receive a manned operation airworthiness certificate, demonstrated the potential of "air taxis" [1] Group 2 - The event featured a range of aircraft types, including multi-rotor, hybrid-wing, and logistics drones, indicating the diversity in low-altitude aviation technology [1][2] - Xunyi Technology's logistics drone showcased its capability for large-scale operational scheduling, emphasizing the practical applications of low-altitude technology [2] - The event also highlighted Jilin City's robust industrial foundation for low-altitude economy, including carbon fiber materials and talent cultivation systems [2] Group 3 - Experts noted that while low-altitude economy is moving towards practical applications, challenges remain in airspace management and infrastructure development [2] - Jilin City is leveraging its favorable airspace conditions and industrial base to explore viable paths for future urban vertical transportation [2]

Group 1 - The core viewpoint of the articles highlights the rapid growth and transformation of Longhua District into a hub for advanced manufacturing and listed companies, with a focus on high-quality development and financial support for these enterprises [1][2] - As of late September 2025, Longhua District is expected to have 40 listed companies, with a total market capitalization exceeding 2 trillion yuan, including one company valued over 1 trillion yuan, one over 100 billion yuan, and 17 over 10 billion yuan [1] - Over 80% of the listed companies in Longhua are private enterprises, and more than 70% are in advanced manufacturing, indicating a strong emphasis on these sectors for economic growth [1] Group 2 - The "Three-Year Action Plan for Promoting the Cultivation and Service of Listed Companies" was introduced in June 2025, focusing on supporting head-listed companies with market capitalization over 10 billion yuan through mergers and acquisitions, project implementation, and A+H listings [2] - Longhua District aims to strengthen its merger and acquisition project database and attract leading financial institutions to establish funds to support these initiatives, ensuring that quality projects are effectively implemented [2] - The district has conducted a thorough review of its listed and industrial enterprises, creating a digital profile for each company to facilitate mergers and acquisitions and support the growth of specialized and innovative enterprises [2]

Group 1 - The core strength of Chinese manufacturing is being revitalized by "soft services," leading to a shift from product sales to solution-oriented offerings [1][2] - Wan Shi Li Group has implemented an AI factory project, enabling personalized customization across various silk products, achieving a rapid turnaround time of 2 hours for custom orders during the Hangzhou Asian Games [1] - The introduction of the "super factory" model by Wan Shi Li allows small and medium-sized silk enterprises to access AI design platforms and equipment rental services, enhancing overall design efficiency by 40% [1] Group 2 - Transfar Group has evolved from a small family workshop to a diversified global industrial group, focusing on functional chemicals, new materials, and crop protection [2] - The establishment of the "Hai Gui Town · Transfar Science City" in collaboration with the Hangzhou Xiaoshan government aims to provide comprehensive operational solutions for overseas scientists and entrepreneurs, attracting over 150 biotechnology core enterprises [2] - The rise of service-oriented manufacturing signifies a transition where companies focus on enhancing customer experience rather than merely selling products, driving the entire industry chain towards higher value [2][3] Group 3 - In the electric vehicle sector, companies are expanding their offerings beyond vehicle sales to include services like charging network operations and smart driving upgrades, which enhances technological integration and innovation [2] - The low-altitude economy is witnessing drone companies moving beyond equipment sales to provide scenario-based services such as agricultural protection and logistics, creating new employment opportunities [3] - The Chinese Ministry of Industry and Information Technology has initiated guidelines for establishing a service-oriented manufacturing standard system, indicating a governmental push towards integrating advanced manufacturing with modern service industries [3]