科技部原副部长吴忠泽强调，低空经济的终极竞争，不止于飞行器的硬件博弈，更是材料科学、通信技 术与智能算法在立体空间的协同发展。要加快低空产业原始创新和关键核心技术攻关，增加高质量科技 供给，聚焦固定翼飞机、eVTOL及无人直升机等整机研发。 "低空经济与大众消费服务密切相关，必须构建与传统航空不同的模式。"山河智能创始人、首席专家， 山河星航董事长何清华提出，要更新建设理念，基于大众消费娱乐出行，以普惠使用的原则来建设通航 机场，发展小型、多功能通用机场。 中国科学院院士、中国科学院空天信息创新研究院研究员童庆禧指出，相较于商业航天，低空经济技术 门槛较低、产业链较长，场景应用广泛，可重塑交通、物流、制造等传统产业，是拉动未来就业与市场 的重要领域。 作为新质生产力的典型代表，低空经济正迎来前所未有的发展机遇，但也需破除低空基础设施建设进展 缓慢、市场体系发展滞后等挑战。 中新网长沙11月21日电 (张雪盈付敬懿)21日至23日，2025湖南(国际)通用航空及低空经济产业博览会在 湖南长沙举行，来自科研机构、企业及行业协会的业界专家齐聚一堂，共同探讨低空领域的技术突破、 创新应用与未来图景。 安全可控是低空经 ...

Core Points - The 2025 Asian General Aviation Exhibition will take place from November 27 to 30 at the Zhuhai International Airshow Center, with an exhibition area of approximately 60,000 square meters, doubling the size of the inaugural event [1] - The exhibition has attracted over 300 companies from 21 countries and regions, including the US, Canada, Germany, the UK, and France, with more than 150 aircraft on display and 25% of exhibitors being international [1] - The theme of the exhibition is "A New Era of General Aviation, Exploring Unlimited Possibilities in Low Altitude," featuring a comprehensive platform that integrates exhibitions, conferences, competitions, and activities [1] Exhibition Content - The exhibition will focus on the mutual development of general aviation and the low-altitude economy, with five themed exhibition areas: rotorcraft, drones and low-altitude economic applications, fixed-wing aircraft, aviation power, and supporting exhibits [1] - Over 50 professional seminars, forums, and roundtable discussions will be held during the four-day event, including the "Asian Low Altitude Economic Development Conference" and the "Future Urban Air Traffic Forum" [2] - High-profile national-level competitions and various fun aviation cultural activities, such as fixed-wing aerial combat shows and drone soccer competitions, will also take place [2] Aviation Performances - The exhibition will feature performances by the South African aerobatic team and the Red Star aerobatic team, showcasing a variety of aerial maneuvers [2] - The South African team, led by captain Mark Hensman, will perform with a four-aircraft formation, executing cross, synchronized, freestyle, and square aerobatic maneuvers [2] - Dynamic performance displays will be conducted by Wan Feng Aircraft Industry, Aviation Industry Tongfei, and Zero Gravity Aircraft Industry [2]

Core Viewpoint - The article discusses the development and potential of the low-altitude economy in China, highlighting its significance as it is included in government work reports and the recent helicopter expo in Tianjin, which showcases advancements in this sector [1][2]. Industry Overview - The low-altitude economy refers to activities involving manned and unmanned aerial vehicles flying below 1,000 meters, encompassing a range of products such as drones, eVTOLs, helicopters, and fixed-wing aircraft [1][2]. - The market for China's low-altitude economy is projected to reach 1.5 trillion yuan by 2025 and is expected to exceed 3.5 trillion yuan by 2035 [2]. Technological Advancements - The expo featured new technologies and products in the low-altitude economy, including a drone capable of automatic inspections using thermal imaging and infrared technology [2]. - A notable eVTOL showcased at the event is designed for medical rescue and urban air transport, with a maximum range of 300 kilometers and expected to be available by 2027 [2]. Collaborative Efforts - The establishment of a low-altitude economic exhibition area at the expo signifies a shift towards a more systematic presentation of the industry, integrating various components of the supply chain [4]. - A collaborative project involving 21 aviation industry cooperation agreements was signed, focusing on research, design, manufacturing, and training [5]. Future Challenges - Experts emphasize the need for a comprehensive risk management system and regulatory framework to support the safe development of the low-altitude economy [5][6]. - There is a call for increased investment in safety technology and the establishment of a collaborative regulatory system involving multiple departments [5].

Summary of Low Altitude Sector Conference Call Industry Overview - The low altitude sector is entering a popularization phase in 2024, driven by policy and airshow expectations, leading to increased market attention and stock price movements of leading companies like WanFeng AoWei [1][3] - The sector is expected to see significant growth in 2025, particularly after YiHang obtained the OC operating license, marking a transition from design and production to actual operations, which will boost performance and scale [1][4] Key Points and Arguments - Investors should focus on order fulfillment and performance growth rather than speculative trading, with the complete machine and infrastructure segments likely to see the first significant orders and high growth potential [1][5] - Domestic Evita complete machine companies are securing large domestic and international orders, indicating increasing product competitiveness in logistics, tourism, and emergency rescue applications [1][6] - National support for the low altitude economy is anticipated, with potential subsidies benefiting complete machines, related testing and inspection services, and infrastructure construction [1][7] - Key companies to watch in the complete machine segment include YiHang Intelligent and Green Energy HuiChong, while in the infrastructure segment, ShenChengJiao is highlighted [1][8] Infrastructure Development - Shenzhen plans to build 1,200 take-off and landing points, including large, medium, and small facilities, to meet the needs of eVTOL and drone logistics, with implementation expected in the next 1-2 years [1][10] Market Challenges - The low altitude sector's stock performance in 2025 has been sluggish due to delayed policy details and comparatively less progress in the sector compared to others [2] Component and Operational Insights - Notable companies in the components segment include ZongShen Power, WoLong Electric Drive, and YingBo, with ZongShen focusing on aviation engines and WoLong on electric drives [1][11] - Representative companies in the operation and air traffic management sectors include ZhongXing HaiZhi and LaiSi, with the former showing strong commercial operation progress [1][12] Market Trends - The national low altitude economy is expected to develop three core clusters: Central region represented by Hefei, Greater Bay Area represented by Shenzhen, and the Sichuan-Chongqing region, with potential new pilot cities for supporting construction [1][13] Product Developments - Green Energy HuiChong has made significant advancements in heavy-duty drones, with expectations to deliver over 100 units in 2025, each priced around 3 million yuan, and has secured a 120-unit order from Indonesia [1][14] - The industrial-grade drone market is experiencing strong demand in emergency response, logistics, and other applications, with a projected market demand of 5,000 to 10,000 units in the coming years [1][15] Investment Recommendations - The most promising stocks in the complete machine segment include Green Energy HuiChong, noted for its industry certifications and order fulfillment, while ShenChengJiao is highlighted in the infrastructure segment [1][16]

Core Viewpoint - The article discusses the evolution of agricultural aviation, highlighting the dominance of fixed-wing aircraft in the U.S., the supremacy of helicopters in Japan, and China's unique approach to developing its own agricultural aviation sector through drones [1] Group 1: U.S. Agricultural Aviation - The U.S. has established a strong foothold in fixed-wing agricultural aircraft, leading the global market [1] - The development of these aircraft has been pivotal in enhancing agricultural productivity and efficiency [1] Group 2: Japanese Agricultural Aviation - Japan is recognized for its advanced helicopter technology, which plays a crucial role in its agricultural practices [1] - The use of helicopters allows for precision and flexibility in crop management [1] Group 3: Chinese Agricultural Aviation - China is exploring innovative pathways in agricultural aviation by focusing on drone technology [1] - The country's approach aims to create a distinct agricultural aviation model that caters to its specific needs and challenges [1]

Core Insights - Shandong Qingdao Laixi City is leveraging its airspace advantages to develop the general aviation industry, focusing on creating specialized industrial parks and attracting over 10 supporting projects in aircraft manufacturing and composite materials [2][4][12] - The region has made breakthroughs in the manufacturing of fixed-wing aircraft and drones, with products being exported to Europe, America, and Southeast Asia [2][4][12] - The local government is also promoting flight training and low-altitude cultural tourism education, stimulating consumption in the low-altitude economy [2][4][12] Summary by Categories Industry Development - The establishment of a specialized industrial park in Laixi City aims to enhance the general aviation sector by integrating various supporting projects [2][4][12] - The focus on aircraft assembly and composite material production is expected to strengthen the local manufacturing capabilities [2][4][12] Market Expansion - Products from the Laixi aviation industry are being exported to international markets, including Europe, America, and Southeast Asia, indicating a growing global presence [2][4][12] Economic Impact - The simultaneous development of flight training and low-altitude tourism is designed to activate the local economy, particularly in the low-altitude consumption sector [2][4][12]

Group 1: Magnesium Alloy Components - The price of magnesium has fallen below that of aluminum, with decreasing price volatility, making magnesium alloy components increasingly attractive for lightweight applications [1] - The company is a global leader in deep processing of lightweight magnesium alloy materials, with strong competitive advantages in product simulation design, mold design, and die-casting [1] - The product portfolio includes key automotive components such as powertrains, front-end carriers, dashboard brackets, and door inner panels, with a focus on commercializing advanced technologies from overseas [1] Group 2: Raw Material Price Management - The company employs a price linkage settlement mechanism to enhance the proportion of customers under price linkage, optimizing the pricing mechanism to mitigate settlement delays [2] - It utilizes financial tools like hedging to lock in raw material prices, thereby reducing operational risks [2] - Strengthening centralized procurement management and optimizing supplier management systems are key strategies to lower operational costs and enhance product profitability [2] Group 3: Aviation and Low-altitude Economy - The company owns all intellectual property rights for 18 aircraft models and is a leader in the development of fixed-wing electric aircraft and eVTOL solutions [3] - It has established a comprehensive product layout for low-altitude economy, integrating fixed-wing, drone, and vertical take-off and landing (VTOL) aircraft [3] - The company is recognized as a key player in the global general aviation manufacturing sector, contributing to the development of industry standards [3] Group 4: Electric and Hybrid Aircraft Development - The company is actively developing fixed-wing electric aircraft and has successfully tested the eDA40, the world's first electric aircraft with fast-charging capabilities [4] - The HEMEP hybrid multi-engine aircraft is the first of its kind globally, designed to operate with zero emissions and low noise [4] - The eVTOL solutions include various models for urban air mobility, intercity transport, and cargo delivery, with a focus on meeting stringent EASA standards [4] Group 5: Integration and Future Planning - Following the acquisition of Volocopter's core assets, the company aims to integrate resources and enhance operational efficiency across multiple locations [5] - The company plans to advance the commercialization of new aircraft models and establish new bases and delivery centers in response to domestic low-altitude economic opportunities [5] - A multi-scenario product matrix combining fixed-wing, VTOL, and drone technologies is being developed to support diverse transportation needs [5]

Core Viewpoint - Chengdu is implementing a series of policy measures to enhance low-altitude flight capabilities and cultivate the low-altitude economy market through infrastructure support, regulatory improvements, market expansion, and industrial strengthening [1][2]. Group 1: Policy Measures - The policy document outlines 14 specific measures, including support for the construction of low-altitude takeoff and landing infrastructure and the establishment of a city-level low-altitude flight service management platform [1]. - Financial incentives include a 10% subsidy on actual investment for newly built or expanded general airports, with a maximum subsidy of 5 million yuan per project [1]. - For communication, navigation, and monitoring infrastructure, a similar 10% subsidy applies, with a cap of 100,000 yuan per device and a maximum of 500,000 yuan per enterprise annually [1]. Group 2: Scene Development and Financial Support - The measures encourage local districts to develop low-altitude application scenarios, offering up to 60% financial support for qualifying districts, with an annual budget cap of 50 million yuan [2]. - The policy focuses on the entire industry chain, supporting the introduction of core partners in fixed-wing aircraft, new energy drones, and vertical take-off and landing vehicles, with a one-time subsidy of up to 500,000 yuan based on registered capital [2]. Group 3: Industry Overview - Chengdu has established a complete low-altitude economy industrial system, comprising over 500 low-altitude economy enterprises [3].

Core Insights - The low-altitude economy is expected to drive the transformation and upgrading of China's economic structure, with a market size projected to exceed 6 trillion yuan by 2035 according to the National Integrated Transportation Network Planning Outline [4][19] - Continuous airspace reform provides strong support for the development of the low-altitude economy, with the establishment of a national airspace classification method and the introduction of a dedicated low-altitude economic development department [5][19] - Central and local policies are accelerating deployment, with the first batch of six low-altitude pilot cities already established and a second batch expected to be announced soon [6][19] - The low-altitude application scenarios are diverse, with commercial operations projected to generate over 300 billion yuan in revenue by 2035, driven by demand for eVTOL aircraft and other low-altitude services [7][19] - Infrastructure investment in low-altitude flight is expected to exceed 1 trillion yuan annually, with significant investments planned for takeoff and landing facilities and air traffic management systems [8] Industry Overview - The low-altitude economy encompasses a range of industries, including high-end manufacturing, new energy, and new materials, and is characterized by its strong integration with various sectors [14] - The low-altitude economy is supported by a comprehensive policy framework, with numerous government documents outlining strategic goals and action plans since 2010 [18] - The airspace management reform is crucial for the prosperity of the low-altitude economy, with pilot programs being implemented in key cities to enhance airspace utilization [23] Application Scenarios - The low-altitude economy features rich application scenarios, including consumer, transportation, operational, and emergency safety applications, with significant market potential in leisure, logistics, and public services [26][33] - Current commercial applications are primarily focused on logistics, agriculture, and tourism, with a growing emphasis on integrating low-altitude services into various industries [33] Key Companies and Investment Opportunities - Beneficiary companies in the low-altitude economy include those involved in infrastructure construction (e.g., Huase Group, Sujiao Science and Technology), eVTOL manufacturers (e.g., EHang, XPeng), and suppliers of composite materials and batteries [10] - The eVTOL and drone sectors are expected to play a leading role in the low-altitude economy, with significant growth anticipated in both manufacturing and operational capabilities [28][30]