应用为王，博弈型号订单及区域基建 - 低空经济策略 20250805 摘要 中国低空经济在 2023 年底被首次提出，并在 2024 年两会期间写入政 府工作报告，此后相关政策密集出台，标志着行业进入加速发展期。政 策层面，空域管理条例和分类方法的发布，为低空空域的利用提供了更 宽松的环境。 低空经济发展主要依赖制造、应用和基建三个环节，其中应用是核心变 量，基建是前期关键环节。深圳市在低空经济政策和基础设施建设方面 领先全国，已开始在实际领域进行应用尝试，如中信海直使用 EVTO 进 行物资运输。 国内通用航空产业发展受限于技术瓶颈和资源不足，如通用飞机制造技 术落后、机场数量和飞行员资源匮乏。但中国在三电领域的技术优势为 EVTO（电动垂直起降飞行器）的发展提供了良好基础。 适航认证对 eVTOL 至关重要，包括型号合格证、生产许可证和标准适 航证。目前全球仅有少数企业取得适航认证，该过程通常需要三年时间。 海外 eVTOL 企业的发展经验表明，适航认证是高门槛，商业化还需经 历市场检验。 Q&A 低空经济的发展背景和政策支持情况如何？ 低空经济的发展是自上而下推动的产业，政策驱动是其加速发展的主要因素。 ...

Core Viewpoint - Chengdu Transportation Investment Group is focusing on developing a low-altitude economy by establishing a comprehensive management service platform and enhancing infrastructure to support low-altitude operations, particularly in preparation for the 2025 World Games in Chengdu [6][8]. Group 1: Low-altitude Industry Development - The company is building a "1+2+6+N" low-altitude industry development system, which includes two major systems of park operation and low-altitude services, and six capabilities such as infrastructure support and low-altitude operations [6]. - Chengdu Transportation Investment Group has established a low-altitude service company in partnership with Chengdu Tian Investment Group, marking the first of its kind in Sichuan [8]. Group 2: Infrastructure and Technology - The low-altitude management platform and ground support facilities are critical for the low-altitude economy, which has more complex management needs compared to traditional transportation [8]. - The low-altitude management service platform has seven modules, including flight dynamic monitoring and flight activity management, providing essential services for government departments and enterprises [8]. Group 3: Application Scenarios - The use of drones for highway inspections has significantly improved efficiency, reducing inspection time from 90 minutes to approximately 40 minutes [8]. - Chengdu Transportation Investment Group is expanding various application scenarios, including highway inspections, medical logistics, and postal delivery in remote areas [8]. Group 4: Ecosystem Development - The Chengdu Huai Prefecture New City is becoming a hub for low-altitude enterprises, attracting industry leaders due to its comprehensive ecosystem and services [8]. - The company is integrating resources for investment, infrastructure, and operational services to create a low-altitude economic ecosystem, including a drone testing platform and a low-altitude logistics transfer center [8].

每经编辑｜程鹏 随着低空经济的快速发展，不少旅游景区推出了乘坐低空飞行器观光、体验等项目，受到游客欢迎。但这类空中游览项目也暴露出一些隐忧，甚至是安全 问题。 景区观光直升机坠落砸中游客 致1人死亡4人受伤 今年5月2日下午5点多，江苏苏州吴中区的奥诗汀繁花景区的一架载有4人的观光直升机在下降过程中，突然从约十米高的位置快速下坠。 目击者：坠落地点是拍照的地方，就看到直升机下来了，当时现场都不敢动，害怕出现二次伤害。 游客拍摄的视频显示，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。目击者回忆，事故发生20分钟后，救护车和其他救援力量 赶到景区，将伤者紧急送往医院。 根据游客此前拍摄的景区视频，直升机的起降场是用栏杆在草坪上围出的长方形区域，面积还没有一个篮球场大，四周有一人多高的篱笆墙和高大树木。 由于场地狭小，直升机常从游客头顶呼啸而过。 景区工人告诉记者，空中游览的价格是单人288元，3个人688元，每天都有大量游客排队体验。景区内只有这一架直升机，五一假期游客多，直升机差不 多每十分钟起降一次，每天超过8小时运行。事发当天，这架飞机就是从早到晚频繁起降、飞行后，突然掉落的。 据官方 ...

Core Viewpoint - The A-share market experienced a rebound with significant growth in military-related sectors, particularly in general aviation, driven by supportive government policies and market potential in low-altitude economy and commercial aerospace [1][2]. Group 1: Market Performance - The three major indices in the A-share market opened low but rose significantly in the afternoon, with military-related concepts such as military information technology, aircraft carriers, and commercial aerospace witnessing collective surges [1]. - The National General Aviation Industry Index saw a rise of over 3% during trading, with constituent stocks like Aileda, Lijun Co., and Aerospace Electronics hitting the daily limit [1]. Group 2: Investment Opportunities - The newly listed General Aviation ETF (159255) achieved a strong debut with a half-day trading volume of 230 million yuan, leading among similar index ETFs [1]. - The National General Aviation Industry Index comprises 50 stocks related to various sectors of the general aviation industry, including aircraft manufacturing and operational services, indicating a broad investment opportunity [1]. Group 3: Industry Outlook - The low-altitude economy is recognized as a strategic emerging industry in government work reports, with substantial support from various levels of government, suggesting a favorable environment for growth [1]. - The market potential for the drone low-altitude market is projected to exceed 3.1 trillion yuan by 2035, while the manned eVTOL market is expected to surpass 500 billion yuan [1]. - CITIC Securities indicates that the commercial aerospace and low-altitude economy sectors may accelerate in development due to events like commercial rocket launches, recommending investors to pay attention to related opportunities [1].

Core Insights - China's independently developed 2-ton eVTOL "Kairuiou" successfully completed the world's first material transport flight to an offshore oil platform, marking a significant advancement in low-altitude logistics applications [1][3] Group 1: Technological Breakthrough - The successful test flight was a collaboration between China National Offshore Oil Corporation (CNOOC), CITIC Offshore Helicopter, and Fengfei Aviation, showcasing the first eVTOL to receive necessary certifications [3][4] - The eVTOL transported fresh fruits and emergency medical supplies from a land point in Shenzhen to the Huizhou 19-3 platform, located 150 kilometers offshore, completing the journey in 58 minutes [3][4] Group 2: Operational Advantages - Traditionally, CNOOC relied on ships for material transport, which took approximately 10 hours, and helicopters for urgent supplies, which were costly. The eVTOL offers significant advantages in operational costs, response speed, environmental impact, comfort, and suitability for limited takeoff and landing spaces [4][6] - The "Kairuiou" features a compound wing design, with a range of 200 kilometers, a maximum speed of 200 kilometers per hour, and a payload capacity of 400 kilograms, demonstrating its capability in challenging maritime conditions [6] Group 3: Future Prospects - The development of eVTOL technology is expected to enhance operational efficiency and safety for offshore oil platforms, providing innovative solutions for personnel rotation, emergency medical rescue, and rapid transport of high-value components and materials [7] - The low-altitude economy in China is projected to reach 3 trillion yuan by 2030, with innovative applications in marine scenarios anticipated to be a significant growth driver [7]

Core Viewpoint - The successful completion of the world's first offshore logistics flight using the eVTOL "Kai Rui Ou" marks a significant advancement in low-altitude logistics applications in China, particularly for offshore oil platforms [1][3]. Group 1: Operational Advantages - The eVTOL technology offers significant operational cost advantages compared to traditional sea transport, which takes approximately 10 hours for a one-way trip, and helicopter transport, which is more expensive [3]. - The "Kai Rui Ou" can carry a payload of 400 kilograms, with a range of 200 kilometers and a maximum speed of 200 kilometers per hour, making it suitable for various logistical needs [3]. Group 2: Application Scenarios - The eVTOL is expected to enhance operational efficiency and safety for offshore oil and gas platforms by providing innovative solutions for personnel rotation, emergency medical rescue, and rapid transportation of high-value components and supplies [5]. - The technology is being integrated into various scenarios, including low-altitude logistics, emergency material transport, and rescue operations, demonstrating its versatility [6]. Group 3: Future Prospects - The low-altitude economy in China is projected to reach 3 trillion yuan by 2030, with innovative applications in marine scenarios being a key growth driver [6]. - A strategic cooperation agreement was signed for the procurement of 100 large eVTOLs, which will cater to diverse operational needs in offshore operations, emergency rescue, and high-end tourism [6].

长期以来，中国海油在南海海域的海上石油平台物资运输主要依赖船运，单程耗时约10小时，难以满足 紧急物资调度与应急保障需求。紧急物资和人员则由直升机运送，但飞行成本较高。相比传统依赖船舶 和直升机的运输方式，eVTOL在运营成本、响应速度、环保性、舒适性以及适应有限起降空间方面具 有显著优势。 8月3日，中国海油、中信海直及峰飞航空联合宣布，我国自主研发的2吨级电动垂直起降航空器 （eVTOL）——峰飞航空凯瑞鸥，成功实现全球首次海上石油平台物资运输飞行，这一突破不仅创新 了远海物资补给模式，更标志着我国在海陆低空物流场景应用中迈出关键一步。 此次试飞由中国海油联合中信海直、峰飞航空共同实施。执飞机型为我国自主研发的全球首款获得型号 合格证、生产许可证和单机适航证的2吨级eVTOL"凯瑞鸥"。它装载新鲜水果和紧急药品等物资，从深 圳陆地起降点起飞，经过58分钟的跨海域飞行，降落在距离深圳海岸线150公里的惠州19-3平台，成功 完成了运输任务。 在通航保障方面，中信海直发挥40多年通用航空综合运营优势，统筹全域协同与全流程护航，以成熟体 系保障飞行顺利推进。在起降点选定、航线规划等方面作了精心准备，特别是协调制 ...

Group 1: Economic Development and Industry Transformation - The Zhengzhou National General Aviation Industry Comprehensive Demonstration Zone is focusing on developing a low-altitude economy led by general aviation, with an emphasis on enhancing operational capacity and integrating technology and industry innovation [4] - The project at the Zhengzhou Aixu site aims to produce 6 million sets of smart air conditioners annually, with a focus on aligning with domestic and international market demands for high-quality development [4] - The Jiyuan Demonstration Zone is recognized as the first national all-area production-city integration demonstration zone, promoting industrial transformation and vibrant economic development [5] Group 2: Technological Innovation and Upgrading - Henan Jiyuan Steel Group has transformed into the largest special steel production enterprise in Central and Western China through a process of upgrading and specialization [5] - Emphasis is placed on leading new productive forces through technological innovation, optimizing energy structure, and promoting energy conservation and consumption reduction [5] Group 3: Governance and Community Engagement - The importance of grassroots governance and community service centers is highlighted, with a focus on addressing urgent issues faced by the public and enhancing social governance [5] - The need for effective disaster prevention and response measures is emphasized, including the establishment of emergency material reserves and community training [5] Group 4: Policy and Strategic Goals - The focus is on stabilizing employment, enterprises, markets, and expectations to promote domestic and international dual circulation, aligning with national economic goals [6] - The strategy includes accelerating project construction and building a modern industrial system to ensure effective integration across various industries [6]

Core Insights - The seventh seminar on short-distance transportation risk and safety management was successfully held in Guangzhou, focusing on the latest policies, market operations, risk management, and safety management in the short-distance transportation sector [1][5]. Group 1: Importance of Short-Distance Transportation - The Civil Aviation Administration of China emphasized the significance of general aviation short-distance transportation as an essential part of the national integrated transportation network, catering to travel needs in remote and inconvenient areas [3]. - The seminar highlighted the unique characteristics of short-distance transportation, including "small aircraft, small routes, and small distances," which are crucial for providing basic aviation services [3]. Group 2: Development Opportunities - The implementation of the "General Aviation Short-Distance Transportation Operation Service Management Measures" has created unprecedented development opportunities for the short-distance transportation market [5]. - The seminar provided clear policy guidance on the latest regulations and market operations for short-distance transportation, indicating a supportive regulatory environment for future growth [5][6]. Group 3: Risk Management and Safety - A research team from China Civil Aviation University presented a dual prevention model for assessing operational risks in general aviation short-distance transportation, offering targeted prevention and response measures [6]. - The importance of a comprehensive emergency response system and effective family assistance mechanisms was emphasized as critical for addressing emergencies in the short-distance transportation sector [7]. Group 4: Future Prospects - Despite current challenges, the short-distance transportation market holds significant potential, especially in remote and underserved areas, as policy support continues to strengthen [6]. - The successful hosting of the seminar is expected to enhance communication and collaboration among stakeholders, promoting the healthy and sustainable development of the short-distance transportation platform [7].

Core Viewpoint - The 2025 Hunan (International) General Aviation and Low Altitude Economy Industry Expo aims to enhance cooperation between Hunan and Guangdong in the low altitude economy sector, promoting high-quality industrial development [1][2]. Group 1: Industry Development - Hunan is the first province in China to implement comprehensive low altitude airspace management reforms, achieving significant results in policy support, infrastructure, industry cultivation, and application scenarios [1][2]. - The province is focused on building a "low altitude +" ecosystem, transitioning the low altitude economy from production and manufacturing to large-scale commercial use [1][2]. - Hunan aims to establish a four-in-one low altitude economy ecosystem encompassing research and development, manufacturing, operations, and finance, with a target of exceeding 50 billion yuan in industry scale by 2024 and reaching a trillion yuan by 2025 [2][3]. Group 2: Event Highlights - The 2025 Hunan Low Altitude Expo will take place from September 26 to 28, featuring an 80,000 square meter static exhibition area and top flight performances at Zhuzhou Lushong Airport [3]. - The expo will showcase a diverse range of sectors including high-end equipment manufacturing, intelligent research and development, logistics, tourism, and emergency rescue, attracting an estimated 100,000 visitors, including 30,000 professionals [3]. - The event has previously attracted over 1,000 companies and facilitated nearly 100 project signings, amounting to over 70 billion yuan [3].