Core Viewpoint - The company has strategically positioned itself in the low-altitude economy, focusing on areas such as low-altitude transportation logistics, drone applications, infrastructure, and low-altitude consumption, with a particular emphasis on large drones and eVTOL operations [1] Summary by Categories Strategic Focus - The company is developing capabilities and market advantages in large drones and eVTOL operations [1] Operational Achievements - Successfully operated the Wing Loong II drone for provincial-level aviation emergency projects [1] - Utilized the Scorpion A drone for weather modification tasks assigned by meteorological departments [1] - Completed successful trial flights for cargo transport using a ton-class eVTOL between Shenzhen and offshore oil platforms, as well as between Hefei and Anqing [1]

南都讯 记者李洁琼 在11月27日开幕的2025亚洲通用航空展上，电动垂直起降飞行器（eVTOL）成为全 场焦点。 零重力飞机工业（合肥）有限公司（以下简称"零重力"）首次向全球公开发布其大型电动倾转旋翼飞行 器ZG-T6，凭借其"空中商务车"的产品定位与领先的倾转旋翼技术，引发业界广泛关注。 大型电动倾转旋翼飞行器ZG-T6。受访者供图 据现场资料显示，ZG-T6最大起飞重量达到2500公斤，可搭载6人，设计巡航速度达250公里/小时，航 程为300公里，续航时间90分钟。这些性能指标使其能更好地服务于未来城市内与城际间的中、短途低 空运输场景，为智慧交通提供新选择。 公众体验新机型。受访者供图 "ZG-T6在起降时呈直升机形态，无需跑道；升空后，旋翼倾转，升力转为拉力，变为固定翼飞机，从 而实现高效飞行，"零重力飞机工业相关负责人现场介绍道。 他还透露，ZG-T6的缩比验证机已于2024年完成全状态试飞，全尺寸样机计划于2025年正式下线，并将 实现关键技术的全倾转试飞。 如果说目前常见的两至三人座eVTOL是"空中轿车"，那么此次首发的ZG-T6则以其更大空间与载荷能 力，被喻为"空中商务车"。该机型采 ...

Core Insights - The low-altitude economy is transitioning from policy-driven development to a critical phase of systematic evolution by 2025, with significant contributions from leading companies in the sector [1] - Wolant Aviation, a domestic low-altitude economy unicorn, hosted the first Low Altitude Ecological Conference, gathering nearly 40 key enterprises to discuss the high-quality development path for commercial eVTOL products [1][3] - The CEO of Wolant Aviation, Dong Ming, highlighted the company's leading position in the development of its first commercial passenger eVTOL, the VE25-100 "Tianxing," which has completed its first manned flight test and secured over 1,920 signed orders [1][3] Group 1: Industry Collaboration and Development - Dong Ming emphasized that the commercialization of eVTOL is not a single breakthrough but requires ecological co-prosperity, advocating for stable orders and collaboration with suppliers to ensure safety and development [3] - Representatives from various companies, including Southern Airlines General Aviation, stressed that collaboration is key to overcoming industry challenges, focusing on defining high-value application scenarios and refining product performance [3][5] - The investment firm Jinding Capital noted that the eVTOL industry does not have a "single winner," highlighting the need for collaboration to address the industry's technical and product demands [5] Group 2: Supply Chain and Market Insights - Discussions at the conference revealed that high-value application scenarios, such as commercial passenger transport, require a combination of aircraft safety, operational planning, and government infrastructure investment [10] - Wolant's supply chain director pointed out that the eVTOL industry is still in its infancy, with the main goal being product definition and initial market cultivation [10][12] - The "Low Altitude Economy Blue Book (2025)" predicts that China's low-altitude economy market will grow at an annual rate exceeding 30%, with the commercial passenger market expected to surpass 100 billion yuan by 2028-2030 [12]

Core Insights - The 2025 Asia General Aviation Exhibition opened on November 27 at the Zhuhai International Airshow Center, showcasing the rapid development of the general aviation industry and low-altitude economy with over 170 aircraft on display from 387 companies across 22 countries and regions [1][2] - Compared to the inaugural event in 2023, the number of international exhibitors increased by nearly 30%, indicating a significant rise in the level of international participation [1] - Notable global companies such as Bell Helicopter from the USA, Pilatus from Switzerland, and Airbus from Germany participated, along with representatives from 25 countries' consulates and professional audiences [1] Industry Developments - The exhibition serves as a platform for showcasing new forces in the general aviation industry and low-altitude economy, offering unique low-altitude solutions in transportation, air logistics, low-altitude inspection, and emergency rescue [2] - Several products made their debut at the exhibition, including VoloXpro by Wan Feng Aircraft Industry, which was demonstrated for the first time in China, and the electric tilt-rotor aircraft ZG-T6 by Zero Gravity Aircraft Industry [2] - The event also launched the 14th China Innovation and Entrepreneurship Competition in the low-altitude economy sector, alongside various activities such as the Zhuhai International Indoor Flight Performance Competition and over 50 professional forums including the "Asia Low Altitude Economy Development Conference" and "General Aviation Power Industry Development Forum" [2]

近日，亚洲通用航空展开幕。合肥低空文旅企业中创翱翔携项目"云波波飞行乐园"亮相，并与安徽淮 南、湖北荆州等地签署项目落地协议。这一合作展现了合肥低空经济应用模式的成功输出，为区域产业 创新注入了新动能。 目前，合肥正积极推进无人驾驶航空器在物流配送、应急救援、低空文旅等多元化场景的试点应用，支 持本土企业开展低空旅游、航空科普等业务，丰富低空消费业态。此次参展的"云波波飞行乐园"项目， 整合观光、游乐、科普等内容，展示了低空经济在消费领域的潜力。(鲍玉婵) 在中创翱翔展区，云波波飞行乐园沙盘前吸引了大量参展者驻足。 近年来，合肥市将低空经济作为战略性新兴产业进行重点培育，已逐步构建起覆盖研发、制造、运营与 场景应用的全链条产业生态。在市级专项政策的有力引导下，合肥通过资金激励、场景开放与基础设施 共建等举措，持续优化产业发展环境，低空经济集聚效应日益凸显。 ...

Core Viewpoint - The A-share market showed a positive trend with all major indices turning red after consolidation, particularly in the energy metals, military electronics, and commercial aerospace sectors, driven by the opening of the 2025 Asia General Aviation Exhibition in Zhuhai, which showcased new low-altitude economic applications and aimed to promote the integration of general aviation and low-altitude economy across the entire industry chain [1]. Group 1: Market Performance - The General Aviation ETF (159230) rose by 1.11%, with key holdings such as Aerospace Hongtu increasing by 6.98% [1]. - The Aerospace ETF (159227) experienced a gain of 0.45% [1]. Group 2: Industry Developments - The 2025 Asia General Aviation Exhibition featured the debut of multiple low-altitude economic application products and initiated the 14th China Innovation and Entrepreneurship Competition focused on the low-altitude economy [1]. - The exhibition provided a platform for showcasing low-altitude solutions in various fields, including transportation, aerial logistics, low-altitude inspections, and emergency rescue [1]. Group 3: Market Insights - According to Haitong International's research report, the global general aviation market demonstrated resilience in the first half of 2025, with aircraft deliveries increasing by 4.3% year-on-year and market size growing by 9.9%, indicating a "stable volume and increasing price" trend [1]. - The market structure is showing differentiation, with steady demand for piston aircraft, and there are optimistic views on leading companies' market share growth, the increasing proportion of high-end models, and investment opportunities arising from new technologies such as electric vertical takeoff and landing (eVTOL) [1]. Group 4: Related Products - The General Aviation ETF (159230) tracks the National General Aviation Industry Index, focusing on low-altitude economy sectors, covering areas such as aviation materials, infrastructure, aircraft manufacturing, operational services, and application scenarios, with a low-altitude economy content of 86.06% [2]. - The Aerospace ETF (159227) closely follows the National Aerospace Index, with a high concentration of 98.2% in the military industry, covering key industry chain segments such as aviation equipment, aerospace equipment, satellite navigation, and new materials, with a significant weight of 54% in the commercial aerospace concept [2].

11月27日，由珠海航展集团有限公司和法兰克福展览（香港）有限公司联合主办的2025亚洲通用航空展 在广东省珠海市开幕。亚洲通用航空展是中国唯一经商务部批准举办的中外合作的通用航空类专业展 会。本届展会持续4日，以"通航新纪元，探索低空无限可能"为主题，创新构建"展览+表演+会议+赛事 +活动"五位一体的展会新模式。 珠海格力集团有限公司党委书记、董事长邹晖表示，从首届成功举办到本届规模全面升级，亚洲通用航 空展始终坚持"国际化、专业化、市场化、品牌化"办展宗旨，为各展商、观众链接全球通航产业资源、 推动中欧低空经济合作的高端服务平台。集团全力以赴做好2025亚洲通用航空展的各项服务保障工作， 确保展会取得圆满成功，同时以此为契机持续深化与各方伙伴的深入合作，推动更多创新成果在珠海落 地转化，为珠海加快打造低空经济产业集群、推动粤港澳大湾区产业经济发展注入强劲动能。 法兰克福展览亚洲控股有限公司董事总经理鲍思丰表示，通过不断提升展商国际化、观众专业性、行业 曝光度及资源整合力，本届通航展实现跨越式发展，展览规模和国际化、专业化水平实现双提升。相信 未来亚洲通用航空展将不仅成为通用航空和低空经济领域的标杆展会， ...

人民财讯11月28日电，11月28日，览翌航空与四川安飞通用航空有限公司(简称"四川安飞通航")、上海 闳鉴通用航空有限公司(简称"上海闳鉴通航")、广电计量（002967）检测集团股份有限公司三家生态伙 伴，分别签署飞机购机及战略合作协议，累计获得150架飞机订单。其中上海闳鉴通航将向览翌航空采 购50架LE200eVTOL飞行器及30架LEU100eVTOL飞行器；四川安飞通航将向览翌航空采购20架 LE200eVTOL飞行器及50架LEU100eVTOL飞行器。 ...

近年来，合肥市将低空经济作为战略性新兴产业进行重点培育，已逐步构建起覆盖研发、制造、运营与场景应用 的全链条产业生态。在市级专项政策的有力引导下，合肥通过资金激励、场景开放与基础设施共建等举措，持续 优化产业发展环境，低空经济集聚效应日益凸显。 目前，合肥正积极推进无人驾驶航空器在物流配送、应急救援、低空文旅等多元化场景的试点应用，支持本土企 业开展低空旅游、航空科普等业务，丰富低空消费业态。此次参展的"云波波飞行乐园"项目，整合观光、游乐、 科普等内容，展示了低空经济在消费领域的潜力。 在中创翱翔展区，云波波飞行乐园沙盘前吸引了大量参展者驻足（央广网发 中创翱翔供图） 央广网合肥11月28日消息（记者鲍玉婵）近日，亚洲通用航空展开幕。合肥低空文旅企业中创翱翔携项目"云波波 飞行乐园"亮相，并与安徽淮南、湖北荆州等地签署项目落地协议。这一合作展现了合肥低空经济应用模式的成功 输出，为区域产业创新注入了新动能。 ...

粤港澳大湾区低空经济产业联盟汇聚300余家低空经济上下游企业，涵盖低空基础设施、低空飞行器制 造、低空运营服务、低空飞行保障等领域，形成低空经济全域产业生态。不久前，国务院办公厅印发 《关于加快场景培育和开放推动新场景大规模应用的实施意见》，提出稳妥有序拓展低空经济等应用场 景。亚洲通航展期间，联盟成员单位组建"湾队"，以"湾队出击，体系制胜"为主题组团亮相，集中展现 大湾区低空经济产业集群的协同实力与创新成果。 "低空经济是'新蓝海'，单打独斗难以形成产业合力，体系协同才是破局关键。"粤港澳大湾区低空经济 产业联盟相关负责人表示，低空经济产业链长、技术更新快、应用场景多样，单个企业很难覆盖从制 造、基建到运营的全部环节。因此，"湾队"这种协同作战的模式应运而生，既能提升整体营销能力，也 能促进技术协同与持续运营。 11月27日，2025年亚洲通用航空展（下称"亚洲通航展"）在珠海国际航展中心正式开幕。作为中国唯一 经商务部批准举办的中外合作的通用航空类专业展会，4天的会期将通过展览、表演、会议、赛事、活 动"五位一体"的形式，呈现全球通用航空产业和低空经济发展的创新动力。 本届通航展以"通航新纪元，探索低空 ...