Core Insights - The event themed "Gathering Strength for Blue Sky Economy, Building Low Altitude Future" was held in Changchun's Green Park District, focusing on the aviation and low-altitude industry [1] - Numerous enterprises, research institutions, financial organizations, and industry experts gathered to explore new opportunities for industrial development and promote deep integration of technology, capital, and market [1] Industry Developments - Key enterprises in the Green Park District showcased their advantages and achievements in core components for rail transit, general parts for automobiles and drones, new materials, and drone training [1] - Representatives from external enterprises shared cutting-edge trends and collaboration opportunities in the aerospace industry and low-altitude economy, highlighting advancements in drone R&D and innovative low-altitude flight service models [1] Collaborative Efforts - During the supply-demand matching and interactive communication session, enterprises from both inside and outside the region engaged in in-depth discussions on market connectivity, complementary advantages, and industrial interconnection [1] - Consensus was reached on future development layouts, industrial support, talent cultivation, and cooperation between industry, academia, and research [1]

Core Insights - The article highlights the upcoming major exhibitions in China during the "golden period" of the exhibition industry, focusing on technological advancements and industrial innovation [1] Exhibition Overview - The Fourth Global Digital Trade Expo will take place from September 25 to 29 in Hangzhou, featuring over 1,700 exhibitors and an exhibition area of 155,000 square meters, showcasing cutting-edge technologies such as generative AI and multimodal sensory interaction [1] - The 2025 World Manufacturing Conference is scheduled for September 20 to 23 in Hefei, covering eight key areas including high-end CNC machine tools and industrial robots, with a total exhibition area of 80,000 square meters [2] - The 25th China International Industry Fair will be held from September 23 to 27 in Shanghai, with an exhibition area of 280,000 square meters and participation from over 2,600 exhibitors from 28 countries [3][4] - The 2025 China International Information and Communication Exhibition will occur from September 24 to 26 in Beijing, focusing on digital infrastructure and quantum technology applications [5] - The 2025 China International Sewing Equipment Exhibition will take place from September 24 to 27 in Shanghai, expecting over 1,500 global brands and 100,000 professional visitors, with an exhibition area of 160,000 square meters [6] - The 17th China (Beijing) International Engineering Machinery, Building Materials Machinery, and Mining Machinery Exhibition will be held from September 23 to 26, with an expected exhibition area of 200,000 square meters and around 2,000 exhibitors [7] - The 19th China (Shenzhen) International Logistics and Supply Chain Expo will occur from September 24 to 26, covering over 130,000 square meters and attracting more than 2,200 exhibitors from over 60 countries [8] - The inaugural International Low-altitude Industry Conference will take place from September 25 to 27 in Chengdu, featuring an exhibition area of 40,000 square meters and participation from over 1,000 professionals [9][10]

Summary of Low Altitude Sector Conference Call Industry Overview - The low altitude sector is entering a popularization phase in 2024, driven by policy and airshow expectations, leading to increased market attention and stock price movements of leading companies like WanFeng AoWei [1][3] - The sector is expected to see significant growth in 2025, particularly after YiHang obtained the OC operating license, marking a transition from design and production to actual operations, which will boost performance and scale [1][4] Key Points and Arguments - Investors should focus on order fulfillment and performance growth rather than speculative trading, with the complete machine and infrastructure segments likely to see the first significant orders and high growth potential [1][5] - Domestic Evita complete machine companies are securing large domestic and international orders, indicating increasing product competitiveness in logistics, tourism, and emergency rescue applications [1][6] - National support for the low altitude economy is anticipated, with potential subsidies benefiting complete machines, related testing and inspection services, and infrastructure construction [1][7] - Key companies to watch in the complete machine segment include YiHang Intelligent and Green Energy HuiChong, while in the infrastructure segment, ShenChengJiao is highlighted [1][8] Infrastructure Development - Shenzhen plans to build 1,200 take-off and landing points, including large, medium, and small facilities, to meet the needs of eVTOL and drone logistics, with implementation expected in the next 1-2 years [1][10] Market Challenges - The low altitude sector's stock performance in 2025 has been sluggish due to delayed policy details and comparatively less progress in the sector compared to others [2] Component and Operational Insights - Notable companies in the components segment include ZongShen Power, WoLong Electric Drive, and YingBo, with ZongShen focusing on aviation engines and WoLong on electric drives [1][11] - Representative companies in the operation and air traffic management sectors include ZhongXing HaiZhi and LaiSi, with the former showing strong commercial operation progress [1][12] Market Trends - The national low altitude economy is expected to develop three core clusters: Central region represented by Hefei, Greater Bay Area represented by Shenzhen, and the Sichuan-Chongqing region, with potential new pilot cities for supporting construction [1][13] Product Developments - Green Energy HuiChong has made significant advancements in heavy-duty drones, with expectations to deliver over 100 units in 2025, each priced around 3 million yuan, and has secured a 120-unit order from Indonesia [1][14] - The industrial-grade drone market is experiencing strong demand in emergency response, logistics, and other applications, with a projected market demand of 5,000 to 10,000 units in the coming years [1][15] Investment Recommendations - The most promising stocks in the complete machine segment include Green Energy HuiChong, noted for its industry certifications and order fulfillment, while ShenChengJiao is highlighted in the infrastructure segment [1][16]

Group 1 - The company plans to establish a wholly-owned subsidiary named Jifeng Aviation Technology (Sichuan) Co., Ltd. with an investment of 50 million yuan [1] - Jifeng Aviation will serve as the investment and operation platform for the company's low-altitude industry, aiming to support the long-term development of its low-altitude economy business [1]

Group 1 - The company plans to establish a wholly-owned subsidiary, Jifeng Aviation Technology (Sichuan) Co., Ltd., with its own funds of 50 million yuan [1] - Jifeng Aviation will serve as the investment and operation platform for the company's low-altitude industry, supporting the long-term development of its low-altitude economy business [1]

Group 1 - The company plans to establish a wholly-owned subsidiary, Jifeng Aviation Technology (Sichuan) Co., Ltd., with a capital of 50 million yuan [1] - Jifeng Aviation will serve as the investment and operation platform for the company's low-altitude industry, supporting the long-term development of its low-altitude economy business [1]

Central Enterprises - Tonghao Venture Capital Fund Management (Beijing) Co., Ltd. was established with a registered capital of 100 million RMB, focusing on investment in smart rail transit, smart low-altitude, smart cities, and intelligent operations [1] - China Mobile and other partners established Mianyang Technology City Low-altitude Industry Development Co., Ltd. with a registered capital of 100 million RMB, engaging in asset management, sales, and manufacturing of intelligent unmanned aerial vehicles [2] - China CITIC established Shenzhen Deep Trust Low-altitude Economic Development (Guangdong) Co., Ltd. with a registered capital of 100 million RMB, focusing on manufacturing and sales of intelligent unmanned aerial vehicles and aviation services [4] Local Government Initiatives - Hunan Low-altitude Economic Group was established with a registered capital of 2 billion RMB, aiming to attract low-altitude enterprises and promote infrastructure development [6][8] - Jiangsu Suzhou Low-altitude Economic Industry Special Fund was established with a capital of 2 billion RMB, focusing on equity investment and asset management [11] - Zhejiang Airport Low-altitude Economic Equity Investment Partnership was established with a capital of 1 billion RMB, focusing on low-altitude economic development [12] New Companies Established - Hubei Changjiang Hangte Low-altitude Aircraft Technology Co., Ltd. was established to focus on core technologies of low-altitude aircraft [9] - Tianjin Tianbao Low-altitude Industry Development Co., Ltd. was established with a registered capital of 70 million RMB, focusing on general aviation services and intelligent unmanned aerial vehicle manufacturing [20] - Hebei Chenghang Low-altitude Economic Development Co., Ltd. was established as the first low-altitude economic development company in Hebei [21] Investment and Growth Projections - Hunan Low-altitude Economic Group aims for an investment scale of over 1 billion RMB by 2030, driving a low-altitude economic industry scale of over 100 billion RMB [8] - Shanghai Low-altitude Economic Industry Development Co., Ltd. plans to establish a low-altitude industry innovation ecosystem and a standardization committee [5] - Guangdong Low-altitude Economic Development Company aims to integrate various low-altitude economic resources and promote industrial collaboration [4]

Core Insights - Shanghai Low Altitude Economic Industry Development Co., Ltd. aims to establish an innovative ecosystem for the low-altitude industry this year, with a focus on creating the Shanghai Low Altitude Industry Fund to lead project investments [1][3] - The company plans to set up a standard system for low-altitude operations, spearheaded by the establishment of the Shanghai Low Altitude Economic Industry Standardization Technical Committee and the Low Altitude Economic Standard Innovation Alliance [1][4] - A key project includes the construction of the Minhang Low Altitude Testing Base in the Wujing area of Shanghai, which will focus on creating a collaborative environment for testing unmanned aerial vehicles [1][4] Company Overview - Shanghai Low Altitude Economic Industry Development Co., Ltd. was established in December 2024 with a registered capital of 900 million yuan, backed by several well-known state-owned enterprises in Shanghai [2] - The company is positioned as a functional state-owned enterprise platform that combines investment and technological innovation, focusing on building and operating the "four networks" of low-altitude operations [2] Strategic Initiatives - The company plans to create the Shanghai Low Altitude Economic Research Institute and the East China Low Altitude Economic Industry Alliance, forming a closed-loop operational system that integrates government, academia, research, industry, investment, and application [3] - The establishment of a city-level low-altitude flight service center is also a priority for the company this year [4] Testing and Development - The Minhang Low Altitude Testing Base is in the planning stage, designed to address the lack of standards in the low-altitude industry and to create a realistic testing environment for urban scenarios [4] - The company aims to collaborate with national testing facilities to provide various environmental conditions for testing [4] Market Potential - Shanghai has significant advantages for developing the low-altitude economy, including a concentration of 70% of aviation talent and over 50% of eVTOL companies originating from the city [5] - According to the "Shanghai Low Altitude Economic Industry High-Quality Development Action Plan," the goal is to establish a complete industrial system for low-altitude new aircraft by 2027, with a core industry scale exceeding 50 billion yuan [5]

Core Insights - Shenzhen aims to become the "global low-altitude economy capital" by 2026, with a target of exceeding 130 billion yuan in low-altitude industry output value [1][2] - The plan emphasizes a comprehensive approach combining technology, scenarios, and ecosystems to develop low-altitude infrastructure and services [3][4] Infrastructure Development - By the end of 2026, Shenzhen plans to establish over 1,200 low-altitude takeoff and landing points and open more than 1,000 low-altitude commercial flight routes [3][4] - The city will also adapt existing helicopter landing sites for eVTOL use and create a public service network to meet various low-altitude flight service needs [4] Technological Advancements - Shenzhen will build a low-altitude intelligent integration system (SILAS) to manage over 1,000 low-altitude flight routes and support 3 million cargo drone flights annually [5] - The plan includes the establishment of a low-altitude communication network and monitoring system to ensure 24/7 oversight of key low-altitude airspace [5] Standardization and Policy - The plan highlights the need for standardized services and regulations, with a goal of having over 75% of the city's low-altitude airspace suitable for drone operations by 2026 [5][6] - Shenzhen aims to lead the development of industry standards for low-altitude equipment and safety protocols, which could enhance the overall industry framework [6]

Group 1 - Shenzhen Development and Reform Commission has formulated a high-quality construction plan for low-altitude infrastructure from 2024 to 2026 [1] - By the end of 2026, the plan aims to establish a "1+5+4" layout, which includes one low-altitude economic scientific device, five operational experimental zones, and four testing fields [1] - The focus will be on key areas such as drone key systems, components, complete machine manufacturing, and ground support equipment, aiming to create a number of globally leading low-altitude R&D and manufacturing enterprises [1] Group 2 - The initiative aims to foster specialized and innovative "little giants," manufacturing single champions, and invisible champions, leading the domestic market [1] - The level of industrial agglomeration is expected to significantly improve, with an output value exceeding 130 billion yuan [1]