Core Point - The agreement between the United States and Indonesia marks a significant development in trade relations, providing the U.S. with comprehensive access to the Indonesian market [1] Group 1: Trade Agreement Details - Indonesia commits to purchasing $15 billion worth of U.S. energy products, $4.5 billion in agricultural products, and 50 Boeing aircraft, including many 777 models [1] - This agreement represents the first time U.S. ranchers, farmers, and fishermen will gain full access to the Indonesian market [1] Group 2: Tariff Structure - Indonesia will impose a 19% tariff on all goods exported to the U.S., while U.S. exports to Indonesia will be exempt from all tariffs and non-tariff barriers [1] - If goods are transshipped from high-tariff countries, the corresponding tariffs from the country of origin will be added to the tariffs paid by Indonesia [1]

Core Viewpoint - The Yangtze River Delta (YRD) is emerging as a significant hub for the large aircraft industry, with the Ministry of Industry and Information Technology recognizing it as a national advanced manufacturing cluster by December 2024, and a cooperation framework established by June 2025 [1][2]. Group 1: Industry Development - The YRD aims to create a world-class large aircraft industry cluster with international competitiveness, focusing on high-end sub-chains such as structural components, composite materials, aircraft engines, and onboard systems [2][3]. - The C919's commercial operation in 2023 marked China's entry into the global large aircraft industry, transitioning from a "follower" to a "runner" status, with the new agreement signaling a bold attempt to gain control over core technologies in the industry [2][3]. Group 2: Regional Advantages - The YRD has attracted over one-third of China's large aircraft supply chain suppliers, with nearly a thousand related enterprises and an industrial output exceeding 100 billion yuan [3][4]. - Shanghai serves as the leading city, housing major companies like COMAC and AVIC, along with many international suppliers' Chinese headquarters, enhancing its assembly and system integration capabilities [3][4]. Group 3: Collaborative Efforts - The collaboration among the three provinces and one city in the YRD is essential for the large aircraft industry's development, with over 1,000 enterprises and 300,000 people involved from more than 20 provinces [5][6]. - The YRD's historical openness and collaborative culture facilitate a comprehensive economic logic that integrates various strengths to advance the industry [5][6]. Group 4: Market Potential - As of February 2025, COMAC has received nearly 1,500 orders for the C919, with confirmed orders close to 1,000, indicating strong market demand [6][7]. - The large aircraft manufacturing sector is recognized as a leading knowledge economy industry, with significant potential for growth, as China is projected to have 10,061 passenger aircraft by 2043, representing 20.6% of the global fleet [7][8].

Group 1 - The core point of the article is that Airbus has conducted 150 hours of flight testing for its new quantum navigation technology at its Silicon Valley innovation center [1] Group 2 - The flight tests are aimed at evaluating the performance and potential applications of the quantum navigation technology [1]

ST炼石（000697）公告，预计2025年1月1日至2025年6月30日期间，归属于上市公司股东的净利润亏损 9800万元，上年同期为亏损1.33亿元；扣除非经常性损益的净利润亏损9670万元，上年同期为亏损1.52 亿元；基本每股收益亏损0.1122元/股，上年同期为亏损0.1523元/股。公司经营业绩亏损同比减少，主 要由于国内航空制造业务营业收入和净利润上升，以及汇率波动使财务费用下降。 ...

Group 1 - The Indian Directorate General of Civil Aviation (DGCA) is set to mandate airlines to inspect the fuel switch locking mechanism of Boeing 787 fleets [1]

Group 1 - A WestJet Boeing 737 MAX 8 experienced a small exhaust pipe fire while parked at Vancouver International Airport, leading to the evacuation of dozens of passengers without any reported injuries [3] - The aircraft has been grounded for maintenance, and the incident did not affect airport operations or flight schedules [3] - The Transportation Safety Board of Canada has dispatched an investigation team to gather information and assess the situation [3] Group 2 - A Peace Airlines Boeing 737-300 flight from Lagos to Port Harcourt veered off the runway upon landing, but all passengers and crew were reported safe with no damage to the aircraft [4] - The incident occurred on the morning of July 13, and the aircraft type is known for its short to medium-range capabilities [4] Group 3 - The FAA and Boeing privately communicated that the fuel shutoff switches on Boeing aircraft are safe, despite concerns raised by a recent preliminary investigation into an Indian Airlines Boeing 787-8 crash [5] - The FAA does not consider the fuel control switch design a safety issue and has issued airworthiness directives for all Boeing models, including the 787 [5] - Boeing has informed airlines that no action is recommended following the FAA's notification [5]

Investment Rating - The industry investment rating is "Recommended," indicating an expected increase in the industry index exceeding the benchmark index by more than 5% in the next 3-6 months [48]. Core Insights - The report highlights the significant growth potential in the low-altitude economy, particularly in the eVTOL (electric Vertical Take-Off and Landing) sector, driven by favorable government policies and increasing market interest [4][10]. - JOBY has reached a market capitalization milestone of $10 billion, reflecting a 50% increase in value over the past month, showcasing strong investor confidence in the eVTOL market [5][19]. - The report emphasizes the competitive landscape, noting that Chinese companies are positioned to lead in the eVTOL sector globally, with both the U.S. and China recognizing the strategic importance of the low-altitude economy [18][19]. Industry Overview - The report provides key industry data, including a total market capitalization of approximately 33,326.88 billion RMB and a circulating market capitalization of about 28,543.14 billion RMB [3]. - The performance of the transportation sector has shown a 13.2% increase over the past 12 months, with a 6.5% increase over the last six months [3]. Company Analysis - The report discusses the business model of the company, which operates in high-end manufacturing and high-end consumer goods, focusing on the private aircraft sector. The company has increased prices significantly, with the SR2X series and Vision Jet prices rising by 26% and 24% respectively from 2021 to 2024 [2][20]. - Comparatively, the report notes that the company’s valuation is lower than its international peers, with expected net profits of 11.5 billion, 13.3 billion, and 15.4 billion RMB for 2025-2027, respectively [2][20]. Market Performance - The report indicates that the Huachuang Transportation Low Altitude 60 Index has increased by 8% year-to-date, outperforming the Shanghai and Shenzhen 300 Index, which has risen by 2% [22][24]. - Notable stock performances include a 14% increase in the stock price of the company, with a year-to-date increase of 140% as of July 11 [19][26]. Investment Recommendations - The report suggests focusing on key segments within the low-altitude economy, including manufacturers, supply chains, new infrastructure, and operational applications [30][32]. - Specific companies highlighted for investment include Wan Feng Ao Wei, Xi Rui, and Yong Li, which are expected to benefit from the growth in the low-altitude economy [33][34].

Group 1 - The U.S. government is intensifying its tariff war, targeting allies such as Japan, South Korea, and Canada with significant tariff increases of 25% and 35% respectively, indicating a shift in U.S. trade policy that disregards traditional alliances [1] - The potential for high tariffs on the EU could severely impact European companies' competitiveness, given the close trade ties between the U.S. and the EU [3] - The U.S. and EU are competitors in various sectors, including aviation, where European fighter jets pose a challenge to U.S. military aircraft [3] Group 2 - France and Germany are collaborating on the FCAS (Future Combat Air System), which is essentially a sixth-generation fighter jet project, while the European market has seen a shift towards U.S. F-35 fighter jets [5] - Germany's plan to purchase additional F-35A fighter jets may be a strategic move to align with U.S. interests amid the tariff war, potentially reducing the EU's trade surplus with the U.S. [9] - The increased investment in F-35A jets by Germany could undermine the funding for the FCAS project, raising concerns about its viability [9]

来源丨央视新闻 编辑丨黎雨桐 深夜大爆发！黄金大涨，现货白银创14年新高！美股全线跳水 多个千万人口城市，落户门槛放宽至45岁 SFC 21君荐读 印度航空事故调查局12日披露了此前印度航空波音787-8型客机坠毁事故的初步调查结果。 报告显示，飞机起飞后数秒内，两台发动机的燃油开关几乎同步从"运行"位切换至"切断"位， 导致发动机燃料供应中断而空中熄火。 报告称，"在驾驶舱语音记录中，可以听到一名飞行员向另一名飞行员提问说，为什么切 断"。"而另一名飞行员回答说，他没有这么做。" 6月12日，在印度古吉拉特邦艾哈迈达巴德，人们在客机失事现场进行救援。图/新华社 印度航空事故调查局8日向印度民航总局和其他相关部门提交了印度航空波音787-8型客机坠毁 事故的初步调查报告。 当地时间6月12日下午，一架从印度飞往英国的印度航空公司波音787-8型客机在印度古吉拉特 邦艾哈迈达巴德机场起飞后不久坠毁，造成机上和地面上共270余人遇难。飞机上的两个黑匣 子均已被找到。这是波音787机型首次发生致命空难，多国已派团队协助调查。 ...

智通财经7月12日电，波音公司表示，将遵从英国航空事故调查局（AAIB）提供关于AI171航班的信 息，遵循联合国国际民用航空组织的协议。 ...