Core Viewpoint - The low-altitude economy is not an isolated industry trend but a result of over a decade of development in the aerospace sector in Zhenjiang Economic Development Zone [2][3] Industry Foundation - Zhenjiang's layout in the low-altitude economy is a natural extension of its aerospace industry, which began in 2008 with a focus on the supply chain for China's C919 aircraft [3] - Currently, 15% of C919's components, over 50% of composite materials, and over 90% of interior parts are sourced from Zhenjiang, establishing a solid foundation for low-altitude economic development [3] - The relationship between aerospace and low-altitude economy is described as "source" and "flow," with aerospace technology, talent, and supply chains being crucial for the development of the low-altitude economy [3] Investment Logic - The company positions itself as a "patient capital" investor, focusing on long-term investments in key areas such as composite materials and core components [6] - Since its establishment in 2010, the company has managed assets totaling 2.5 billion yuan, with long-term investments in companies like Aerospace Haiying, which has become a core supplier for C919 [6][7] - The focus on domestic substitution is emphasized, with significant market potential expected in areas like aerospace engine components and carbon fiber composites [7] Ecosystem Building - The development of the low-altitude economy requires collaboration between government and enterprises, with local government acting as a "conductor" and state-owned venture capital serving as a "bridge" [8] - Zhenjiang has introduced a three-year development plan for the low-altitude economy, including targeted support policies such as fixed asset investment subsidies [8] - The establishment of specialized programs at Jiangsu Aviation Vocational College aims to cultivate talent for the industry, creating a supportive ecosystem of "policy + capital + talent" [8] Future Outlook - Zhenjiang aims to strengthen its role as a "manufacturing center" within the Yangtze River Delta, enhancing its competitive edge in the low-altitude economy [9] - The company plans to facilitate the listing of existing investments and attract high-quality projects in low-orbit satellites and drone components, aiming for a virtuous cycle of industry chain development [9][10] - By 2025, the Chinese aerospace industry is projected to reach 2.8 trillion yuan, with the low-altitude economy expected to be a significant growth driver [9][10]

Group 1 - The "Innovation and Entrepreneurship Competition in Jiaxing" has been upgraded to a technology innovation IP, with a series of initiatives including a comprehensive report and a platform for service institutions [1] - The competition will run from May to November 2025, featuring 12 preliminary rounds and a final [1] - Winners of the preliminary rounds can access various support programs, including talent plans and financing opportunities [1] Group 2 - In 2024, the competition attracted 189 project entries, with 34 projects successfully established in Jiaxing [2] - The competition includes two tracks: enterprise and project, with a focus on seven key industries such as new information technology and low-altitude economy [3] - Official partners and service institutions have been selected to provide resources and professional services to participants [3] Group 3 - Jiaxing is enhancing its support for technological innovation, aiming to build a significant technology innovation center in the Yangtze River Delta by 2027 [4] - The city has set a goal to become a leading hub for low-altitude economy development by 2027, with plans to establish over 150 takeoff and landing points for low-altitude aircraft [5] - The local government is fostering a favorable business environment to attract companies in the low-altitude economy sector [5]