11月26日，作为2025中国产业转移发展对接活动（重庆）配套活动的璧山低空经济产业推介会在璧山区举 行，近200名行业专家及产业链企业、投资机构、金融机构代表参会，通过现场考察、产业推介、行业分 析、项目路演等方式，为璧山低空经济发展注入强劲动能。 璧山低空经济产业推介会现场。 当前，璧山区正高标准建设"梦界空间"数字经济产业园，重点布局低空经济、具身智能、人工智能、 AIGC、元宇宙、电竞动漫等核心赛道，引进中科曙光、奇安信、国科量子等行业企业，并聚集了新加坡 民用轻型直升机、中岳航空、华创智能等一批低空经济产业项目。 装备展示。 "璧山正布局建设低空无人航空器融合飞行训练场暨城市综合运营实验基地，将打造城市低空运行规范 的'策源地'、低空商业化应用的'验证场'、'低空+'新业态的'孵化器'、低空科技与文化的'普及台'。" 璧山区相关负责人说，璧山区还将打造公众科普与体验中心，联合产学研各方常态化发布《璧山低空城市 场景应用白皮书》，通过平台搭建、场景牵引与生态培育，探索形成"数字底座+空域管理+场景运营"的一 体化发展模式与可复制推广的"璧山实践"。 上游新闻记者 冯锐 项目签约。 推介会上，璧山现代服 ...

格隆汇11月26日丨祥源文旅(600576.SH)公布，公司控股子公司祥源通航航空发展（上海）有限公司 （以下简称"祥源通航"、"标的公司"）增资扩股，公司作为祥源通航原股东之一，同意放弃对该新增注 册资本的优先认购权。零重力飞机工业（合肥）有限公司（以下简称"零重力"）以1,000万元人民币认 购祥源通航新增注册资本666.6667万元人民币（以下简称"本次增资"），增资价格为1.5元人民币/每一 元注册资本，除新增注册资本外的其余认购款项计入标的公司资本公积金。本次增资完成后，祥源通航 的注册资本由5,000万元人民币增加至5,666.6667万元人民币，公司持有祥源通航的股权比例由80%减少 为70.5883%，祥源通航仍为公司的控股子公司。 本次交易将进一步巩固公司在低空经济生态中的综合服务能力与先发优势，有助于推动公司低空战略的 进一步深化，为培育低空新消费场景、推动传统文旅转型升级奠定关键基础。 本次祥源通航增资扩股暨公司放弃优先认购权交易不构成关联交易，亦不构成《上市公司重大资产重组 管理办法》规定的重大资产重组。 ...

Core Viewpoint - The company is actively involved in the low-altitude economy, with its strategic investment in Yuanfei Technology generating a profit of 190,000 yuan, and is planning further developments in this sector [1] Group 1: Company Developments - Yuanfei Technology, a company in which the company holds a stake, is collaborating with Wudangshan Airport Group to establish the Shiyan Low Altitude Comprehensive Management Service Platform, which is set to officially launch soon [1] - This platform will serve as Hubei Province's first municipal-level low-altitude platform, integrating functions such as a comprehensive command center, safety assurance center, and flight service center, thus acting as a key driver for the development of the low-altitude economy in Shiyan [1] Group 2: Future Plans - The company has indicated that further details regarding any potential acquisition plans will be available in official announcements [1]

Core Insights - The report emphasizes the rapid development of the low-altitude economy in China, with a projected market size of 1.5 trillion yuan by 2025, driven by recent policy changes and the establishment of the National Development and Reform Commission's Low Altitude Economy Development Department [2] Group 1: Industry Overview - The low-altitude economy is defined through four dimensions: policy regulations, airspace division, equipment systems, and industry direction, highlighting its strategic importance as a new emerging industry [2] - The report discusses the classification standards for low-altitude flight areas and key safety operation points, along with the core roles of various aircraft and supporting facilities [2] Group 2: Case Studies - In logistics, the "Liyang-Nanjing intercity low-altitude transport route" demonstrates a cost reduction to one-third of traditional logistics and a 75% improvement in delivery time, attracting major companies like JD.com and SF Express [3] - The "Nanjing low-altitude cultural tourism project" has successfully hosted 100,000 tourists using drone and VR technology, establishing a new cultural tourism brand for the city [3] - An emergency drone developed for forest fire response in Yancheng, Jiangsu, has shown a 60% efficiency improvement over traditional firefighting methods [3] Group 3: Local Recommendations - Specific recommendations for Baohua Town include planning low-altitude logistics delivery routes to address local needs such as express delivery and ecological management, leveraging its position in the Ningju urban integration pilot area [3] Group 4: Interactive Engagement - The event featured an interactive session where representatives from government, enterprises, and educational institutions engaged in discussions on technology application, route planning, and talent cultivation, laying the groundwork for future collaboration [4]

11月26日，璧山低空经济产业推介会在重庆璧山举行。会上，北斗伏羲信息技术有限公司联合11家产业 链企业、行业机构成立中国西部低空经济产业联盟，赋能区域低空经济高质量发展。 当前，重庆璧山正高标准建设"梦界空间"数字经济产业园，重点布局低空经济、具身智能、人工智能、 AIGC、元宇宙、电竞动漫等核心赛道，并聚集了新加坡民用轻型直升机、中岳航空、华创智能等一大 批低空经济产业项目。 据悉，璧山"梦界空间"数字经济产业园已建成物流配送、巡检应急、消防救援等十大示范应用场景，与 会嘉宾实地探访低空无人航空器融合飞行场景。 活动期间，与会专家、企业代表纷纷围绕低空经济空域管理、技术创新、场景拓展、产业链协同等内容 展开深度研讨，为璧山低空经济高质量发展建言献策，助力璧山成为西南地区低空经济创新高地。 在低空红绿灯管控体系指挥下，多种功能型无人机在同一空域中自主运行、智能避让、协同作业：巡检 机持续巡航监测，应急机保持待命状态，物流机完成配送返航，消防机悬停待命……通过低空红绿灯管 控体系对空域资源的智能调度，每架无人机的位置、速度、任务优先级都被实时感知、动态优化，确保 安全间隔与高效通行。 在此次推介会上，璧山现代 ...

Market Overview - The low-altitude economy index decreased by -3.86% this week, with a relative increase of -0.09% [1][2] - The average daily transaction amount was 25.379 billion yuan, and the price-to-earnings ratio (TTM) reached 114.49 times [1][2] - The average daily net inflow of main funds was -1.018 billion yuan, indicating a net outflow [1][2] Stock Performance - The top five stocks with the highest gains this week were: Chengxi Aviation, SuperMap Software, Chaojie Co., Aileda, and Andavil [3] - The top five stocks with the highest losses this week were: XPeng Motors-W, Zhongchu Innovation, Xingyuan Zhuomei, Shangluo Electronics, and Yiwei Lithium Energy [3] Industry Dynamics - The Ministry of Transport issued a notice on typical case lists for low-altitude transportation applications [4] - The airspace for unmanned aerial vehicles in Anhui Province has been officially announced [4] - The 2025 Hunan (International) General Aviation and Low-altitude Economy Industry Expo will be held in Changsha [4] - The 2025 Sichuan Low-altitude Economy Industry Chain Ecological Conference will take place in Zigong, along with the release of the "Low-altitude Security Standard System Construction Guide" [4] Policy Dynamics - The Civil Aviation Administration of China is soliciting opinions on the draft rules for the operation qualification certification of small commercial transport operators [5] - Zhejiang Province has issued guidelines to accelerate the pilot application of low-altitude in the transportation sector [5] Company Dynamics - United Aircraft has secured a total of 1,600 orders for industrial-grade drones in low-altitude logistics, medical delivery, and agricultural protection [6] - Xunyi Network announced the completion of its C+ round of financing [6] - Vertical Aerospace has successfully obtained flight permission from the UK Civil Aviation Authority (CAA) and has initiated transition flight testing [6] - Xinwangda has reached a cooperation framework agreement with Anhui Shangfei Aviation Technology Co., Ltd. [6]

Core Insights - Hangzhou's government is focusing on high-quality legal services to support the development of an innovative and vibrant city, implementing "ten major actions" and "twenty measures" to enhance local productivity [1][2] Group 1: Legislative Initiatives - The city is prioritizing legislation to create a local regulatory framework that encourages and supports innovation, with new laws such as the "Hangzhou Regulation on Promoting the Development of Embodied Intelligent Robotics Industry" and revisions to the "Hangzhou High-tech Industrial Development Zone Regulations" [1] - Future legislative explorations will target sectors like low-altitude economy, artificial intelligence, and biomedicine [1] Group 2: Legal Risk Prevention - The municipal judicial bureau is continuously updating its legal risk prevention system for key industries, having released 45 legal guidelines in areas like live-streaming e-commerce and artificial intelligence, with expectations to exceed 60 by 2026 [2] - A focus on providing comprehensive legal services, including intellectual property protection and dispute resolution, is evident, as demonstrated by a recent case where a legal team successfully prevented the malicious registration of a trademark overseas [2] Group 3: Regulatory Environment Optimization - The city has made significant progress in addressing enforcement issues raised by businesses, with a 54.84% year-on-year decrease in on-site inspections related to enterprises by the end of October [2] - Administrative penalties against enterprises have also seen a reduction, with a 37.71% decrease in the number of cases and an 8.52% drop in fines, alongside over 2 million yuan refunded in fees due to rectifications [2] - Hangzhou has been recognized as a "National Demonstration City for the Construction of a Rule of Law Government," marking a significant achievement in the city's legal development during the 14th Five-Year Plan period [2]

Group 1 - In October, China's high-tech industry sales revenue increased by 13.6% year-on-year, with both high-tech services and manufacturing maintaining double-digit growth, particularly driven by a 38.4% increase in drone manufacturing sales revenue [1] - The demand for drone applications is expanding in logistics, agriculture, emergency response, and security sectors, supported by favorable policies and technological advancements [1][2] - The low-altitude economy is experiencing stable growth due to dual empowerment from policies and technology, with regulatory frameworks being established to ensure safe and orderly industry development [2] Group 2 - The Ministry of Industry and Information Technology announced the launch of commercial trials for satellite IoT services, aimed at providing low-speed data connections in areas without ground networks, which will support the low-altitude economy [3] - Companies are accelerating their business diversification to seize new opportunities in the low-altitude economy, with examples including Zhejiang Wanfeng Aowei Aviation Industry Co., Ltd. expanding into urban air traffic solutions [3][4] - Dual Lin Co., Ltd. is proactively entering the drone core components manufacturing sector, planning to develop electric drive products for aircraft, while Changhua Holdings Group is also expanding its business in the flying car project with significant orders [4]

Core Insights - The demand for credible, verifiable, and deployable engineering capabilities is increasing as China's manufacturing industry transitions towards high-end and intelligent development [1][4] - SISPARK has partnered with MathWorks to support startups in AI, industrial, and medical sectors by providing toolchains and technical support [1][4] - The collaboration signifies a shift in SISPARK's service offerings, extending into the "tool layer" to meet the growing needs of high-tech startups [4] Industry Trends - The engineering capability gap is a hidden bottleneck for high-tech startups, which now primarily possess core technologies but lack funding, personnel, and market access [3] - The rise of embedded AI applications is anticipated to begin in 2026, highlighting the challenges of integrating AI into embedded systems, particularly regarding explainability and compliance [3][4] - The automotive industry serves as a case study for the shift towards self-innovation and R&D, driven by policy requirements for software self-research in key components [4] Emerging Sectors - Low-altitude economy and medical devices are identified as rapidly growing sectors, with the potential to rival the automotive industry in scale [5] - The humanoid robotics field is emerging as a new growth point, leveraging capabilities developed in the automotive sector for complex system modeling and simulation [5][6] - All these sectors are characterized by high safety and reliability requirements, emphasizing the need for stronger engineering capabilities as China's industry upgrades [6]

Core Insights - The low-altitude economy market in China is projected to reach 1.5 trillion yuan by 2025, with potential to exceed 2 trillion yuan by 2030, driven by new business models in drone logistics, manned travel, and low-altitude tourism [1][2]. Industry Developments - Multiple regions in China are forming clusters in the low-altitude industry, fostering new business models in drone logistics, manned travel, and low-altitude tourism [2]. - As of now, there are 969 registered companies in the civil unmanned aerial vehicle product information system, with 3,191 registered products and over 478,000 drones [2]. Technological Innovations - Drones are being utilized for agricultural purposes, such as transporting harvested fruits, demonstrating efficiency by moving approximately 30,000 jin (15 tons) of oranges daily, which helps farmers reduce costs [1]. - Shared drone services are being introduced in tourist areas, allowing users to experience aerial views with minimal technical knowledge, enhancing accessibility to aerial sightseeing [1]. Regulatory Framework - The establishment of a comprehensive management service platform for low-altitude flights in Guangdong province aims to monitor the status, trajectory, weather, and airspace dynamics of flying vehicles [2][3]. - The development of low-altitude economy requires not only innovative scenarios but also systematic guarantees, including reforms in air traffic rules and safety management [3].