转自：智通财经 【影石创新：前三季度净利润同比下降5.95% 预计影翎Antigravity全景无人机产品第四季度试售】《科 创板日报》27日讯，影石创新(688775.SH)公告称，第三季度实现营业收入29.40亿元，同比增长 92.64%；归属于上市公司股东的净利润为2.72亿元，同比下降15.90%。前三季度实现营业收入66.11亿 元，同比增长67.18%；归属于上市公司股东的净利润为7.92亿元，同比下降5.95%。业绩变动主要系公 司持续开拓市场、推出新品、扩大线上线下销售带动收入大幅增长，但因加大芯片定制、战略项目投入 及研发人员薪酬增加，导致研发费用显著上升。公司计划推出两个无人机品牌，包括公司自有无人机品 牌和与第三方共同孵化的影翎Antigravity全景无人机品牌。初步预计影翎Antigravity全景无人机产品有 望于2025年第四季度实现部分区域市场的试售。 ...

Core Insights - The company is expanding its metamaterials technology into civilian applications, including smart automotive detection, consumer electronics, and AI humanoid robots, while its current products are primarily used in the aerospace sector [1][3]. Financial Performance - For the first three quarters of 2025, the company reported total revenue of 1.60 billion yuan, a year-on-year increase of 25.75%, with third-quarter revenue reaching 652.9 million yuan, up 56.5% [2][3]. - The net profit attributable to shareholders for the first three quarters was 605.84 million yuan, reflecting a 12.82% increase year-on-year, while the third-quarter net profit was 220.09 million yuan, up 25.28% [2][3]. Industry Position - The company is the only domestic enterprise that has achieved large-scale industrialization of metamaterials for next-generation aerospace equipment, emphasizing a reverse design approach based on demand [2][3]. - The "14th Five-Year Plan" includes "building a strong aerospace nation," indicating significant growth opportunities for the aerospace industry, which the company is well-positioned to capitalize on [3]. Technological Development - The company is exploring four main directions for the application of metamaterials in civilian sectors, particularly in advanced inspection and testing for the smart automotive industry [3][4]. - In the AI humanoid robot sector, the company is developing key metamaterial components to enhance production efficiency and integrate AI technology with metamaterials [4]. - The company has successfully completed field tests for its drones, which are now entering the trial production phase, aiming to create a comprehensive industrial chain platform for drone development [4][5].

Group 1 - The core viewpoint of the news is that Zongheng Co., Ltd. reported a significant increase in revenue for the first three quarters of 2025, but also faced a net loss attributed to shareholders [1] - For the first three quarters of 2025, Zongheng Co., Ltd. achieved revenue of approximately 322 million yuan, representing a year-on-year increase of 57.01% [1] - The net profit attributable to shareholders was a loss of approximately 19.81 million yuan, with basic earnings per share reflecting a loss of 0.23 yuan [1] Group 2 - As of the report, Zongheng Co., Ltd. has a market capitalization of 4.7 billion yuan [2]

智通财经APP讯，纵横股份(688070.SH)披露2025年第三季度报告，公司前三季度实现营收3.22亿元，同 比增长57.01%;归母净利润亏损1981万元;扣非净利润亏损2191万元;基本每股收益-0.23元。 ...

格隆汇10月27日丨纵横股份(688070.SH)公布，公司第三季度实现营业收入1.88亿元，同比增长 53.79%；归属于上市公司股东的净利润1652.37万元；归属于上市公司股东的扣除非经常性损益的净利 润1544.7万元；基本每股收益0.19元。 ...

Core Viewpoint - The company is actively exploring four main areas in the civilian sector, focusing on advanced testing, consumer electronics, AI humanoid robots, and drones, leveraging its expertise in metamaterials [1] Group 1: Advanced Testing and Certification - The company's metamaterials testing center has received CNAS expansion certification, covering a wide range of testing including composite materials, environmental tests, geometric testing, electromagnetic property tests, non-destructive testing, thermal testing, and coating capabilities [1] - The testing center has also achieved recognized metrology capabilities in mechanics and thermodynamics, with a total of 12 calibration procedures or standards, aligning with international advanced levels [1] - The company has established a comprehensive testing environment for smart vehicles, utilizing aerospace-grade compression fields and high-precision multi-dimensional turntables to simulate real communication scenarios [1] Group 2: Consumer Electronics - The company is exploring application opportunities for innovative metamaterial technologies in the consumer electronics sector, engaging in technical exchanges and discussions with HW [1] Group 3: AI Humanoid Robots - The company is developing key components made from metamaterials for AI humanoid robots, aiming to enhance production efficiency across its bases through intelligent manufacturing [1] - The company plans to continue its strategy of technological innovation, increasing R&D investment to deepen the integration of AI technology with the metamaterials industry [1] Group 4: Drones - The company's drones have successfully completed field test flights, including extreme environment tests, with performance indicators meeting expectations, and are now entering the trial production phase [1] - The company aims to create a comprehensive industrial chain platform for drones, leveraging core metamaterial technologies to support rapid development in the drone sector [1]

通讯局发言人表示，最新一份施政报告宣布，特区政府将推展核心基建设施，包括推出专用频谱，以推 动香港成为低空创新应用的核心枢纽。在无人机(专用)牌照制度下，牌照持有人可获指配1430-1444兆赫 频带(1.4吉赫频带)作为专用频谱，用于设置、维持及操作用于运营无人机系统的无线电通讯装置，为无 人机活动提供除目前通过无线区域网络及第四代或第五代流动通信网络进行数据传输及操作以外的额外 通讯方案，进一步支持无人机安全高效运行，在通信网络方面全力支持低空经济生态圈的建设。 据介绍，无人机(专用)牌照现开放予香港低空经济"监管沙盒"试点项目的参与机构申请。有兴趣的申请 者可向通讯局提交申请及相关资料，包括所操作的无人机系统资料、特区政府民航处就特定飞行路径的 批准及预计需要建设的无线电基站详情等。通讯局将根据申请人提交的资料严格审批申请，并密切监察 无人机专用频谱的使用是否符合牌照条件，确保频谱资源有效运用。(完) 香港推出无人驾驶飞机系统(专用)牌照支持低空经济发展 中新网香港10月27日电 香港通讯事务管理局(简称"通讯局")27日推出无人驾驶飞机系统(专用)牌照(简 称"无人机(专用)牌照")，以支持香港低空经 ...

Group 1: Industry Trends and Innovations - The 20th Central Committee's Fourth Plenary Session has sparked a wave of enthusiasm among Xi'an's business community, emphasizing the integration of "high-level socialist market economy" and "new quality productivity" into the economic development plan [1][4] - Xi'an Hengsheng Group is transforming its traditional building materials business into a digital leader, with its "Commercial Concrete Home" platform attracting over 1,000 quality enterprises and serving more than 700 construction projects [1] - The company plans to establish a "Technology Innovation and Enterprise Innovation Integration Development Center" to enhance collaboration between academia and industry, promoting efficient technology transfer and application [1] Group 2: Specific Company Initiatives - Xi'an Aisheng Technology Group, recognized as a "chain leader" in the drone industry, is committed to leveraging technological innovation for high-quality development and aims to capitalize on the emerging low-altitude economy [2] - The company intends to focus on application scenarios to seize opportunities in strategic emerging industries, thereby enhancing its service to the public [2] - Xi'an Jiuzhou Biomedical Technology Group aligns its development philosophy with the emphasis on innovation from the plenary session, focusing on stem cell and immune cell drug research and development [3] - The company is utilizing platforms like the Shaanxi Stem Cell Application Engineering Research Center to advance its cell drug pipeline and bridge the gap between clinical needs and industrialization [3] Group 3: Sustainable Development Goals - Xi'an Taifeng Shenghe Holding Group is focusing on high-end fine chemicals and downstream new materials, aiming to create a sustainable industrial pillar through technological research and financial services [4] - The company expresses confidence in contributing to China's modernization through the development of the private economy, aligning with the goals set forth in the plenary session [4] - The collective innovation efforts of these companies are seen as a driving force for Xi'an's contribution to the "14th Five-Year Plan" and China's modernization [4]

Core Insights - The emergence of graphene technology is revolutionizing the drone industry by addressing long-standing challenges related to battery life and material limitations [1][5][10] Group 1: Graphene Technology Breakthroughs - Graphene production has entered a "high-quality era," significantly reducing defect density and enabling lower-cost production of high-performance graphene [2][3] - The development of "monolayer aluminum oxide powder" has successfully addressed the traditional conflict between lightweight materials and high thermal conductivity [3] Group 2: Impact on Drone Batteries - Traditional batteries have an energy density of approximately 250 Wh/kg, which is significantly lower than that of aviation kerosene [5] - Graphene batteries can enhance energy density by over 50%, allowing for more energy storage and release within the same volume or weight [5][10] - Graphene batteries can operate effectively at temperatures as low as -40 degrees Celsius, making them suitable for high-altitude drone operations [5][10] Group 3: Structural Advancements - Graphene wings exhibit a 60% increase in impact resistance compared to carbon fiber wings, showcasing graphene's unique ability to enhance mechanical strength while reducing weight [6][7] - The integration of graphene in drone structures not only strengthens them but also provides new functional characteristics, such as lightning protection [7] Group 4: Thermal Management Solutions - Graphene's superior thermal properties are being utilized to address heat management issues in drone electronics, with a notable thermal interface material achieving a thermal conductivity of 6.44 W·m⁻¹·K⁻¹ [9] - Effective thermal management is crucial for maintaining stable performance and extending the lifespan of high-power drone systems [9] Group 5: Market Potential and Future Directions - The application of graphene in drones is expanding into previously inaccessible areas, such as cold-weather operations and emergency rescue missions [10] - The low-altitude economy is emerging as a significant growth area, with expectations for the market to exceed one trillion yuan by 2030, driven by advancements in high-performance power batteries [10][11] - Challenges remain in achieving the necessary energy density for commercial viability, with current graphene battery energy densities still below the required 400-500 Wh/kg threshold [11] - Future developments may focus on multifunctional integrated materials, intelligent drone structures, and environmentally sustainable production processes [11][12][13]

Core Viewpoint - The Guangdong Provincial Government has issued measures to support the high-quality development of the low-altitude economy, emphasizing the construction of low-altitude infrastructure and increasing provincial financial support for public service infrastructure in this sector [1] Industry Summary - The low-altitude economy is characterized by the efficient development of airspace resources and the collaborative development of a three-dimensional industry, with increasingly refined policies leading to a mature industry [1] - The consumer market for low-altitude products is beginning to show potential, with the Chinese consumer drone market projected to reach 48.899 billion yuan in 2024, representing a year-on-year growth of 20% [1] - The industrial market for low-altitude applications is also expanding, with the market size for industrial drones and related services in China reaching 113.4 billion yuan in 2023, indicating a higher growth potential compared to the consumer market [1] - The drone industry is progressing rapidly in terms of industrialization, although there is still room for improvement in policy standards [1] Application Scenarios - The national strategy is focusing on the new low-altitude economy sector, with various regions implementing development policies for this economy [1] - Key application scenarios such as low-altitude logistics and low-altitude tourism are leading the way, while other fields are actively exploring opportunities [1] - Major eVTOL manufacturers are beginning to secure orders, indicating a clear trend towards large-scale development of the industry chain [1]