2025.09.30 本文字数：1617，阅读时长大约3分钟 作者 |第一财经 陈姗姗 9月27日，四川网红"唐飞机"驾驶飞行器坠机身亡的消息冲上热搜，据当地政府工作人员称，坠落的是 一台低空飞行器，当地正在对其持照、空域审批等情况展开调查。 事实上，"唐飞机"曾公开称其驾驶的是超轻型飞行器，而这种飞行器是不需要持照的。 其实不仅仅是超轻型飞行器，即使是有适航取证申请流程，依照民航局适航标准严格监管的更复杂的航 空器，也无法达到绝对的安全，尤其是在低空经济火爆的当下。 今年"五一"期间，一架R44Ⅱ型直升机就在某市上空飞行返航时，从距离地面十米左右的高度坠落，造 成4名机上人员受伤，1名地面人员死亡。 涉事的直升机是一款非常成熟的机型，飞机坠落在距离起降场50米的景区内，砸到了一名正在地面拍照 的游客。这一度导致民航华东地区管理局当即暂停了空中游览，体验飞行等通航运行，待局方组织监察 员进行安全评估后再恢复。 记者注意到，今年"五一"期间，包括海南，浙江，广东，四川，安徽，上海等多地都推出了低空游览项 目，尤其是直升机游览观光线路更是受到不少游客的追捧。 这背后是低空经济连续两年被写入政府工作报告的推动，多地 ...

2025.09. 30 本文字数：1617，阅读时长大约3分钟 今年"五一"期间，一架R44Ⅱ型直升机就在某市上空飞行返航时，从距离地面十米左右的高度坠 落，造成4名机上人员受伤，1名地面人员死亡。 涉事的直升机是一款非常成熟的机型，飞机坠落在距离起降场50米的景区内，砸到了一名正在地面 拍照的游客。这一度导致民航华东地区管理局当即暂停了空中游览，体验飞行等通航运行，待局方组 织监察员进行安全评估后再恢复。 作者 | 第一 财经 陈姗姗 9月27日，四川网红"唐飞机"驾驶飞行器坠机身亡的消息冲上热搜，据当地政府工作人员称，坠落 的是一台低空飞行器，当地正在对其持照、空域审批等情况展开调查。 事实上，"唐飞机"曾公开称其驾驶的是超轻型飞行器，而这种飞行器是不需要持照的。 根据局方《一般运行和飞行规则》CCAR-91-R4相关条款，超轻型飞行器是指由单人驾驶、仅用于 娱乐或者体育活动、不需要任何适航证的空中飞行器具，局方对驾驶超轻型飞行器的人员没有航空知 识、年龄及经历的具体要求，也不要求其具有航空人员执照及体检合格证。 不过，超轻型飞行器在我国境内飞行还是要遵守一系列规定，包括禁止在人口稠密区或人群集会上空 运 ...

Core Viewpoint - Rongsheng Development (002146.SZ) has signed a cooperation memorandum with Hainan Aerospace City Low-altitude Industry Development Co., Ltd. to jointly promote the high-quality development of the seaplane general aviation industry, capitalizing on the growing opportunities in the low-altitude sector supported by national policies [1] Group 1: Company Developments - The company’s subsidiary, Meiya Tourism Aviation Co., Ltd., is involved in this partnership to enhance the seaplane industry [1] - Rongsheng Development previously acquired a controlling stake in Meiya Aviation Holdings for 625 million yuan, positioning itself as an early investor in Class A general aviation companies [1] - Meiya Aviation Holdings has obtained operational qualifications for aerial tours in Xisha and has received dual operational qualifications from the Civil Aviation Administration of China, making it the first certified operator of amphibious fixed-wing aircraft in the country [1] Group 2: Industry Insights - The seaplane industry is expected to play a significant role in emergency rescue, tourism, and logistics, showcasing its vast potential as the low-altitude sector opens up [1] - Meiya Aviation Holdings has been approved for 25 flight routes, covering 16 key operational points in Hainan, indicating a strong operational footprint in the region [1]

Core Viewpoint - The company Rongsheng Development (002146.SZ) has signed a memorandum of cooperation with Hainan Aerospace City Low-altitude Industry Development Co., Ltd. to jointly promote the high-quality development of the seaplane general aviation industry, capitalizing on the growing opportunities in the low-altitude sector supported by national policies [1] Group 1: Company Developments - Rongsheng Development's subsidiary, Meiya Tourism Aviation Co., Ltd. (Meiya Aviation), is involved in this partnership to enhance the seaplane industry [1] - The company previously acquired a controlling stake in Meiya Aviation Holdings for 625 million yuan, positioning itself as an early mover in the general aviation sector among real estate companies [1] Group 2: Industry Insights - The seaplane industry is expected to show significant potential in areas such as emergency rescue, tourism in Xisha, and logistics transportation due to the gradual opening of the low-altitude field and strong support for general aviation policies [1] - Meiya Aviation Holdings has obtained operational qualifications for aerial tours in Xisha and has been certified as the first domestic operator of amphibious fixed-wing aircraft, having received approval for 25 flight routes covering 16 key operational points in Hainan [1]

□本报财经全媒体中心记者 陈诗昂 9月26日，作为第十五届河南投洽会产业合作交流活动之一，通用航空和低空经济合作交流会如期举 行。会议聚焦低空经济新兴业态，搭建合作交流新平台，共享产业发展信息、加强产业项目合作，全面 壮大我省低空经济产业群链规模。 低空是"流动的金矿"，航材国创高铁材料研究院有限公司已经决定来河南"掘金"。公司总经理宋晓辉介 绍，4月初首次对接，5月底便在安阳汤阴就重型飞艇产业园项目签约。"几个月来，被安阳打动，接下 来将加紧工作，力争项目早日落地。"他说。 科创板上市公司纵横股份以警用安防合作为切入点，率先在安阳部署复合翼无人机无人值守机库系统， 显著提升城市公共安全管理水平。"河南发展低空经济的天时、地利、人和三要素均已齐备。我们愿以 先进的技术、产品及生态能力，全心融入河南及安阳低空经济发展大潮。"公司副总经理骆海洋说。 "低空领域的开放与繁荣，必须建立在绝对安全的基石之上。"蓝天实验室低空反制领域专家赵拥军认 为，面对新挑战，低空安全技术要变"被动监管"为"主动预警与协同"，实现"融合感知"，通过数字孪生 模型赋能智能决策，推进标准与法规的同步演进。 中国民航大学临空经济研究中心主任 ...

今天分享的是：2025中国低空经济投融资报告：中国低空经济投融资地图 报告共计：38页 2025中国低空经济投融资报告：政策资本双轮驱动，区域协同格局渐显 当前，中国低空经济正迈入政策密集出台与资本加速布局的关键阶段。近日，中央财经大学区域政策与规划研究中心联合北京 清华同衡规划设计研究院、北京云途智航科技有限公司等机构发布的《2025中国低空经济投融资发展报告》（以下简称"报 告"），依托百万级微观数据库，对全国万余家低空企业展开多维度分析，清晰勾勒出我国低空经济"资本-产业-空间"的互动图 景，为行业发展提供了重要参考。 从政策层面来看，我国已构建起"国家统筹、省级协调、地市执行、区县落实"的多层级协同体系。国家层面聚焦顶层设计，近 年来连续出台多项政策，从《国家综合立体交通网规划纲要》明确发展低空经济，到后续文件优化航路航线、深化低空空域管 理改革，为行业划定制度框架与运行规则。省级政府则承担"承上启下"角色，通过设立引导基金、推动试点园区建设，在产业 发展与安全监管间寻找平衡，目前已有21个省（市、自治区）发布专项行动方案，多地明确产值目标，如广东、浙江计划在 2025年或2026年实现3000亿元规 ...

Core Viewpoint - The general aviation ETF (159378) is experiencing active trading with a notable increase in its component stocks, particularly Zhuhai Guanyu, which rose over 8% [3] Group 1: Market Performance - As of September 24, the general aviation ETF (159378) increased by 2.13% [3] - Zhuhai Guanyu's stock surged by 8.41%, with a trading volume of 44.93 million and a transaction value of 1.086 billion [4] - Other notable stocks include Lais Information (+5.13%), Zhenxin Technology (+4.20%), and Wan Feng Aowei (+3.45%) [4] Group 2: Industry Events - The 2025 Shenzhen eVTOL Industry Development Conference and Low Altitude Economy Exhibition commenced on September 23, featuring over 300 leading companies and innovative institutions [5] - The eVTOL exhibition area showcased advanced eVTOL aircraft, including flying cars and various rotorcraft designs [5] Group 3: Economic Outlook - The low altitude economy is projected to exceed 1.5 trillion by 2025 and could reach between 3.5 trillion to 6 trillion by 2035, becoming a core growth driver for economic transformation [6] - Despite a relative stagnation in the low altitude economy sector this year, it remains a significant direction for new productive forces, with expectations of increased funding and high industry prosperity [6] Group 4: Investment Tools - The general aviation ETF (159378) is the first and largest ETF product in its category, focusing on the low altitude economy and drones, serving as a valuable tool for investing in this sector [6][8] - As of September 23, the general aviation ETF had a scale of 1.137 billion [8]

Group 1 - The core viewpoint of the news is the performance and investment interest in Wan Feng Ao Wei, which saw a 5.5% increase in stock price, reaching 19.57 CNY per share, with a trading volume of 3.494 billion CNY and a turnover rate of 8.70%, resulting in a total market capitalization of 41.553 billion CNY [1] - Wan Feng Ao Wei specializes in lightweight automotive metal components primarily made of aluminum alloys, magnesium alloys, and high-strength steel, with 80.82% of its revenue coming from automotive lightweight parts and 19.18% from general aviation aircraft manufacturing [1] - The company was established on September 30, 2001, and went public on November 28, 2006, located in the industrial area of Xinchang, Zhejiang Province [1] Group 2 - According to data from the top ten holdings of funds, one fund under Debang Fund has a significant position in Wan Feng Ao Wei, specifically the Debang Emerging Industries Mixed Initiation A (023674), which increased its holdings by 41,500 shares in the second quarter, totaling 84,500 shares, representing 5.4% of the fund's net value, making it the sixth-largest holding [2] - The Debang Emerging Industries Mixed Initiation A fund was established on March 25, 2025, with a latest scale of 13.0568 million CNY and has achieved a return of 10.12% since inception [2]

Group 1 - The low-altitude economy concept is gaining momentum, with significant stock price increases for companies like Lais Information (up over 7%), Zhuhai Guanyu, and Nanjing South Network Technology (both up over 6%) [1] - The General Aviation ETF Huabao (159231) has seen a price increase of 2.37%, indicating strong market interest in low-altitude economic investments [1] - The 11th Air Force Aviation Open Day and Changchun Aviation Expo took place from September 19-23, showcasing various companies targeting the eVTOL sector with developed or in-progress products [1][3] Group 2 - Open Source Securities highlights that the low-altitude economy is being implemented from macro (national planning) to micro (local subsidies and infrastructure) levels, suggesting a focus on the sector's future market performance [3] - Southwest Securities notes that national strategies are increasingly focusing on the low-altitude economy, with local governments introducing development policies and state-owned enterprises forming low-altitude companies [3] - The General Aviation ETF Huabao covers a broad index of 50 stocks related to military and civilian aviation, with over 46% of its holdings in state-owned enterprises and over 20% in major military industrial groups, emphasizing its strategic positioning in the aviation industry [3]

Core Viewpoint - The Henan Provincial Cultural and Tourism Department, along with 13 other departments, has launched a three-year action plan (2025-2027) to promote the development of a sci-fi-centric animation and gaming industry chain in Henan [1][2]. Group 1: Action Plan and Initiatives - The action plan aims to establish the Zhengzhou Aviation Port Sci-Fi Industry Park and support the creation of a "Sci-Fi Animation Capital" and a copyright trading center for sci-fi animation [1]. - Henan plans to host major events such as the World Sci-Fi Animation Week, World Sci-Fi Animation Conference, and Global Animation and Gaming Carnival [1]. - The plan outlines a three-year development goal for the cultural and tourism industry chain, focusing on foundational work in the first year, quality improvement in the second year, and significant upgrades in the third year [4]. Group 2: Industry Context and Growth - The Chinese sci-fi industry is rapidly growing, with projected total revenue reaching 108.96 billion yuan in 2024, covering various sectors including sci-fi literature, film, games, and tourism [2]. - Henan has a unique advantage in talent, with notable figures in the sci-fi community originating from the province, contributing to its potential in developing the sci-fi industry [2]. - The province has a solid foundation in animation with several capable companies and creative teams, as well as robust cultural infrastructure and transportation networks to support events [2]. Group 3: Recent Developments - In April 2023, a strategic cooperation agreement was signed to foster a new innovation ecosystem for the sci-fi animation industry in the Zhengzhou Aviation Port Economic Comprehensive Experimental Zone [3]. - The World Sci-Fi Animation Week was officially launched in July 2023, aiming to become an annual event [3].