Core Points - The launch of a regular helicopter passenger route between Chongchuan and Shanghai Pudong marks a significant development in regional transportation [1] - The route is characterized by a collaborative model involving government leadership, state-owned enterprises, and general aviation companies [1] Group 1: Route Details - The helicopter route operates between Nantong Old Nantong Port and Shanghai Pudong Xingye Flight Base, covering a distance of approximately 135 kilometers [1] - The one-way flight time is about 0.8 hours (approximately 48 minutes), with a ticket price set at 698 yuan [1] - This route reduces travel time to Shanghai by about 30% compared to the fastest ground transportation options [1] Group 2: Economic and Cultural Impact - The route is expected to enhance Nantong's integration into Shanghai's "one-hour economic circle" [1] - It aims to promote the synergy between low-altitude economy and cultural tourism in the Yangtze River Delta region [1] - Passengers can enjoy scenic views of landmarks and natural landscapes during the flight, contributing to a cultural experience [1]

Core Points - The launch of a new helicopter passenger route between Chongchuan and Shanghai Pudong marks a significant development in regional transportation [1] - The route is characterized by a collaborative model involving government leadership, state-owned enterprises, and general aviation companies [1] - The flight covers a distance of approximately 135 kilometers, with a one-way flight time of about 48 minutes and a ticket price of 698 yuan [1] Group 1 - The route aims to reduce travel time to about 30% of the fastest ground transportation options [1] - Passengers arriving at the Shanghai Pudong base can access shuttle services for quick transfers to Pudong Airport, ensuring seamless cross-river travel [1] - The route is designed as a cultural corridor, allowing passengers to enjoy scenic views and cultural landmarks during the flight [1] Group 2 - The regular operation of this route is expected to enhance Nantong's integration into the "one-hour economic circle" of Shanghai [1] - It will contribute to the collaborative development of the low-altitude economy and cultural tourism industry in the Yangtze River Delta region [1]

Core Insights - The seventh China Tianjin International Helicopter Expo highlighted the low-altitude economy as both a showcase for technological achievements and a window into industry opportunities and challenges [1] Industry Overview - The low-altitude economy refers to aerial activities below 1,000 meters, involving both manned and unmanned aircraft, and aims to drive the integration of related fields [1] - New business models emerging from the low-altitude economy include urban air mobility, drone logistics, aerial tourism, and emergency rescue services [1] Safety and Risk Management - Safety is emphasized as a prerequisite for development, necessitating a systematic risk governance framework to address new challenges posed by the low-altitude economy [1][2] - The complexity of risks has expanded from individual aircraft to multiple dimensions including airspace, routes, networks, and data security [2] Technological Advancements - eVTOL (electric vertical takeoff and landing) aircraft are projected to become significant urban transportation tools, with advancements in battery technology expected to disrupt the market for light helicopters [2] - The industry is in a breakthrough phase, focusing on safety and cost reduction as primary concerns [3] Market Predictions - The demand for helicopters is expected to surge due to the rapid development of the low-altitude economy, with low-altitude tourism projected to benefit significantly [3] - By 2024, the flight hours for civil helicopter low-altitude tourism in China are anticipated to exceed 37,000 hours, doubling from 2019 levels, with further growth expected by 2034 [3] Infrastructure and Business Models - The establishment of a provincial flight service platform in Tianjin aims to integrate airspace data for real-time flight management and risk alerts [2] - The expo showcased a transition from concept to reality in the low-altitude economy, featuring eVTOLs, heavy-lift drones, and ground support systems [3]

中新社天津10月19日电 (记者王君妍周亚强)第七届中国天津国际直升机博览会(下称"天津直博会")19日 闭幕。初步统计显示，展会期间签约项目51个，金额25.7亿元(人民币，下同)。 据悉，下一届天津直博会将于2027年举行。(完) 低空经济成为本届展会最突出的亮点。首次设立的5000平方米"低空经济馆"人气高，中国航空工业集团 HH-100等一批代表技术前沿的低空飞行器首次集中亮相。京津冀三地首次组建低空经济展团，系统展 示了区域在研发、制造、应用与服务方面的协同创新成果，标志着京津冀产业协同正式向空天领域延 伸。 （文章来源：中国新闻网） 空中客车直升机中国公司董事总经理柯霖(Colin James)在天津直博会期间举办的新闻发布会上表示，过 去三年，中国直升机市场持续增长，空客直升机订单数量不断上升，客户兴趣日益浓厚，特别是在紧急 救援、医疗服务、海上风电及港口引航等领域潜力巨大。"随着中国对低空经济的积极推动，中国在直 升机领域正迎来新的发展机遇。" 本届天津直博会集中展示了全球直升机、无人机等通用航空和低空经济领域的新技术、新产品与新成 果。初步统计显示，直升机交付、成交及意向签约成果显著，涉及近 ...

Investment Rating - The report maintains a "Recommendation" rating for the low-altitude economy industry, expecting the industry index to outperform the benchmark index by more than 5% in the next 3-6 months [50]. Core Insights - EHang Intelligent has launched the new long-range manned eVTOL model VT35, designed for mid-to-long-distance travel scenarios, promoting the development of the low-altitude economy [3][4]. - The VT35 has a maximum design range of approximately 200 kilometers and a top speed exceeding 200 kilometers per hour, with a standard price of 6.5 million RMB in the Chinese market [10][8]. - The report emphasizes the importance of the "14th Five-Year Plan" in catalyzing the low-altitude economy, highlighting the need for top-level design and planning to further stimulate industry development [15][16]. - The Huachuang Transportation Low Altitude 60 Index decreased by 5.5% this week but has increased by 15.5% year-to-date, outperforming the Shanghai and Shenzhen 300 Index, which rose by 14.7% [24][25]. Summary by Sections Industry Overview - The low-altitude economy is identified as a representative industry of new productive forces, with significant government support and planning expected to enhance its development [15][17]. - The report outlines four major application scenarios for the low-altitude economy: tourism consumption, passenger transport, logistics, and production operations [18][19]. Key Companies and Investment Opportunities - The report suggests focusing on key segments within the industry, including: 1. **Manufacturers**: EHang Intelligent for eVTOL, Wan Feng Ao Wei for general aviation aircraft, and Xirui for general aviation manufacturing [33]. 2. **Supply Chain**: Yingboer for electric drive systems and Zongshen Power for aviation engines [33]. 3. **Low-altitude Digitalization**: Companies like Lais Information and Sichuan Jiuzhou are highlighted for their roles in digital infrastructure [33]. 4. **Low-altitude Infrastructure**: Radar companies such as Guorui Technology and Sichuan Aerospace are noted for their contributions to safety systems [33]. 5. **Operations**: Companies like CITIC Heli and Xiangyuan Culture are mentioned for exploring commercial applications in low-altitude operations [33]. Market Performance - The Huachuang Transportation Low Altitude 60 Index's performance is detailed, showing a weekly decline of 5.5% but an annual increase of 15.5%, indicating resilience compared to broader market indices [24][25]. - Individual stock performances are highlighted, with notable gainers and losers over the week and year, reflecting market volatility and investment opportunities [26][27]. Future Research Directions - The report indicates that from January 2024, a focused research initiative on the low-altitude economy will commence, covering 12 key companies and their potential for growth [34].

Core Viewpoint - The 7th China Tianjin International Helicopter Expo showcases advancements in the low-altitude economy, highlighting the importance of this sector in the new technological revolution and industrial transformation [3][5]. Group 1: Low-altitude Economy - The low-altitude economy is recognized as a key area for developing new momentum and competitive advantages, with 2024 being referred to as the "Year of Low-altitude Economy" [3]. - The Chinese Civil Aviation Administration predicts that the low-altitude economy market in China will reach 1.5 trillion yuan by 2025 and is expected to exceed 3.5 trillion yuan by 2035 [3]. - The expo features a dedicated 5,000 square meter low-altitude economy pavilion, promoting technological progress and collaboration within the industry [3][5]. Group 2: Technological Innovations - New technologies such as drones, eVTOLs, artificial intelligence, and 5G/6G communications are integrated into the low-altitude economy, leading to new business models like urban air transportation and emergency rescue [5][7]. - A large eVTOL designed for medical rescue has a maximum takeoff weight of 3,180 kg and a range of up to 300 km, showcasing the potential applications in urban air traffic and cargo transport [5]. Group 3: Industry Collaboration - The establishment of the low-altitude economy pavilion marks a shift from single equipment displays to a systematic ecological presentation of the industry [5]. - The pavilion covers various segments of the supply chain, including core component suppliers such as complete machines, composite materials, motors, and engines [5]. - Industry experts indicate that a collaborative development model will emerge, integrating helicopters, general aircraft, eVTOLs, and drones [7].

Core Viewpoint - The article discusses the development and potential of the low-altitude economy in China, highlighting its significance as it is included in government reports and the recent helicopter expo in Tianjin, which showcases advancements in this sector [1][2]. Group 1: Low-altitude Economy Overview - The low-altitude economy refers to activities involving manned and unmanned aerial vehicles flying below 1,000 meters, driving integration across various sectors [2]. - The market for China's low-altitude economy is projected to reach 1.5 trillion yuan by 2025 and is expected to exceed 3.5 trillion yuan by 2035 [2]. Group 2: Technological Innovations - The expo featured new technologies and products in the low-altitude economy, including drones and eVTOLs (electric vertical takeoff and landing aircraft) [2][4]. - A notable eVTOL showcased can carry seven passengers, has a maximum range of 300 kilometers, and is designed for medical rescue applications, with an expected launch in 2027 [4]. Group 3: Collaborative Efforts - The Beijing-Tianjin-Hebei region has formed a low-altitude economy exhibition group to showcase innovations in research, production, and application of drones and new aircraft [6]. - The establishment of a low-altitude economy pavilion indicates a shift towards a more systematic ecological presentation of the industry [8]. Group 4: Future Challenges and Recommendations - Experts emphasize the need for a comprehensive risk governance system and a reliable external development environment to support the low-altitude economy [10]. - Recommendations include enhancing safety technology research, developing a robust administrative management system, and creating collaborative regulatory frameworks among various governmental departments [10][12].

Core Viewpoint - The article discusses the development and potential of the low-altitude economy in China, highlighting its significance as it is included in government work reports and the recent helicopter expo in Tianjin, which showcases advancements in this sector [1][2]. Industry Overview - The low-altitude economy refers to activities involving manned and unmanned aerial vehicles flying below 1,000 meters, encompassing a range of products such as drones, eVTOLs, helicopters, and fixed-wing aircraft [1][2]. - The market for China's low-altitude economy is projected to reach 1.5 trillion yuan by 2025 and is expected to exceed 3.5 trillion yuan by 2035 [2]. Technological Advancements - The expo featured new technologies and products in the low-altitude economy, including a drone capable of automatic inspections using thermal imaging and infrared technology [2]. - A notable eVTOL showcased at the event is designed for medical rescue and urban air transport, with a maximum range of 300 kilometers and expected to be available by 2027 [2]. Collaborative Efforts - The establishment of a low-altitude economic exhibition area at the expo signifies a shift towards a more systematic presentation of the industry, integrating various components of the supply chain [4]. - A collaborative project involving 21 aviation industry cooperation agreements was signed, focusing on research, design, manufacturing, and training [5]. Future Challenges - Experts emphasize the need for a comprehensive risk management system and regulatory framework to support the safe development of the low-altitude economy [5][6]. - There is a call for increased investment in safety technology and the establishment of a collaborative regulatory system involving multiple departments [5].

Core Viewpoint - The delivery of the first Leonardo AW139 helicopter to China General Aviation marks a significant upgrade in its equipment capabilities, enhancing its ability to perform offshore energy transportation tasks [2][3]. Group 1: Delivery and Partnership - China General Aviation accepted its first AW139 helicopter from Leonardo, with a delivery ceremony held during the 7th China Tianjin International Helicopter Expo [1]. - This collaboration follows their previous partnership on the AW109, indicating a deepening strategic relationship between the two companies [3]. Group 2: Operational Enhancements - The new AW139 helicopter will enable China General Aviation to provide more efficient and safer services for offshore oil and gas operations, thereby fostering new productive capabilities in maritime operations [3]. - The company aims to offer higher quality and more reliable aviation support to major domestic offshore oil operators such as CNOOC [3]. Group 3: Innovation and Recognition - At the Tianjin Helicopter Expo, China General Aviation showcased innovative developments in the low-altitude economy, including a self-developed low-altitude smart control system and new concepts integrating manned and unmanned aircraft [5]. - The company received the "Best Display Award" at the "2025 Tianjin Airport International Helicopter Night" event, highlighting its commitment to enhancing aviation safety monitoring and support capabilities [6].

Core Viewpoint - The Anhui and Henan provincial governments have jointly issued the "Implementation Plan for Cooperative Development in the Border Areas of Anhui and Henan," aiming to establish specialized industrial clusters, particularly in the fields of new energy vehicles and advanced materials [1]. Group 1: Industrial Clusters - The plan emphasizes the development of a new energy vehicle industry cluster, focusing on the synergy between the new energy vehicle and parts industries [1]. - It also aims to accelerate the growth of high-growth new materials, including ceramic-aluminum, aluminum-based new materials, biomedical, biodegradable materials, electronic information, high-performance fibers and composites, new building materials, and superhard materials [1]. Group 2: Renewable Energy - The plan seeks to deepen cooperation in the renewable energy sector, with the goal of creating advanced clusters in wind power, photovoltaics, new energy storage, hydrogen energy, and biomass energy [1]. Group 3: Aviation and Agriculture - The initiative supports the development of general aviation and related industries, including aircraft assembly, maintenance, and parts manufacturing, to establish a low-altitude economy industrial cluster [1]. - It also focuses on enhancing cooperation in the processing of agricultural products, targeting high-quality grains and oils, green fruits and vegetables, premium prepared dishes, and leisure foods to create a green food industry cluster [1]. Group 4: Geographic Scope - The border areas of Anhui and Henan include cities such as Bozhou, Fuyang, Lu'an, and Huaibei in Anhui, as well as Shangqiu, Xinyang, Zhoukou, and Zhumadian in Henan, covering a total area of 96,000 square kilometers [1].