Core Viewpoint - Zigong, a city with a rich history in salt production, is emerging as a significant player in the low-altitude economy, primarily driven by the development of the drone industry and supportive government policies [4][11][31]. Group 1: Industry Development - Zigong has established an industrial cluster in the drone sector, with over 60 key enterprises, including notable companies like Tengdun Technology and AVIC [4][14]. - The low-altitude economy in Zigong achieved a production value exceeding 10 billion yuan in 2023, with an additional 10 billion yuan in signed projects for 2024 [4][31]. - The city is strategically located near major urban centers like Chengdu and Chongqing, facilitating integration into the Chengdu-Chongqing economic circle [12][31]. Group 2: Historical Context - Zigong's industrial history began with salt production during the Eastern Han Dynasty, evolving into a chemical industry hub in the mid-20th century [7][9]. - The decline of traditional industries post-2000 prompted Zigong to seek new economic avenues, leading to the focus on low-altitude aviation [10][11]. Group 3: Government Support and Infrastructure - The local government has prioritized land allocation and infrastructure development for the low-altitude economy, including a 494 million yuan special bond for infrastructure projects [31]. - Zigong has established favorable tax incentives for aviation enterprises, with significant reductions in property and land taxes [31]. - The city has developed two general aviation airports, enhancing its capacity for drone testing and operations [20][22]. Group 4: Future Prospects - By 2027, Zigong aims to scale its low-altitude economy to 30 billion yuan, with plans to produce over 2,000 medium and large drones and attract more than 200 new enterprises [32][33]. - The long-term goal for 2035 is to achieve an industrial scale exceeding 100 billion yuan, positioning Zigong as a leader in the low-altitude economy and contributing to the transformation of traditional industrial cities [33].

Company Overview - Sichuan Tengdun Technology Co., Ltd. (Tengdun Technology) is preparing for an IPO on the A-share market, having completed the counseling registration with the Sichuan Securities Regulatory Bureau on July 2 [1] - Founded in 2016, the company has developed the world's first dual-engine, triple-engine, and quad-engine large fixed-wing drones, as well as China's first amphibious drone [1][2] - Tengdun Technology is recognized for its leading position in the research and development of fixed-wing and rotor-wing large drones in China [1] Product Highlights - The "Double-tail Scorpion B" drone, part of the Double-tail Scorpion series, was showcased at the 15th China International Aviation and Aerospace Exhibition, demonstrating its capabilities in various applications such as emergency rescue and meteorological services [2] - The Double-tail Scorpion series includes multiple models: - Double-tail Scorpion B: dual-engine variant - Double-tail Scorpion A: triple-engine variant - Double-tail Scorpion D: quad-engine variant [2][3] - Other developed systems include the "Mixing River Dragon" amphibious drone and the "Featherless Arrow" helicopter, which serve diverse operational environments [3] Market Opportunities - The company is targeting the low-altitude logistics market with its new large dual-engine unmanned transport aircraft, designed for domestic air cargo needs, with a maximum takeoff weight of 4.8 tons and a payload capacity of 2 tons [4] - Low-altitude logistics is categorized into terminal logistics and branch logistics, with the latter utilizing fixed-wing drones for long-distance transport [5] - Recent policy support from the National Postal Bureau aims to accelerate the development of drone technology in logistics, enhancing the growth of the low-altitude economy [5]

Group 1 - The core viewpoint of the article is that Sichuan Tengdun Technology Co., Ltd. is preparing for an IPO, highlighting its position as a leading manufacturer of drones in China, particularly the "Double-tailed Scorpion" series [1] - Tengdun Technology was founded in 2016 and is recognized as a national-level specialized and innovative "little giant" enterprise, with over 1,200 employees dedicated to developing high-performance and reliable drone systems [1] - The company has a strong technical team that focuses on advanced technologies in fixed-wing, rotary-wing, and special drones, leading in product development and application scenarios in the domestic market [1] Group 2 - The "Double-tailed Scorpion" is a large, modular, multi-purpose, medium-altitude long-endurance fixed-wing drone system, with specifications including a length of 10 meters, wingspan of 20 meters, maximum takeoff weight of 2.8 tons, and a maximum range of 6,000 kilometers [2] - The "Double-tailed Scorpion A" variant, which first flew in January 2020, is also a large, modular, multi-purpose drone, widely used in forestry patrol, artificial rainfall, meteorological detection, and emergency rescue [2] - The "Double-tailed Scorpion D," which successfully flew for the first time in October 2022, is the world's first large four-engine, multi-purpose, medium-altitude long-endurance fixed-wing drone, with a maximum takeoff weight of 4.35 tons and a maximum payload of 1.5 tons [3] Group 3 - In June of this year, Tengdun Technology completed a new round of equity financing, with investments from Ganzhou Development Group, Ruixiang Investment, Huakong Fund, and Fantian Equity [3] - The company has no controlling shareholder, with the chairman and general manager, Nie Haitao, holding 20.39% of the voting rights, and through an agreement, he can control an additional 1.21% of the voting rights, totaling 23.57% [3]