未来，云南低空飞行运营服务有限公司将紧紧围绕云南省打造"高原无人机制造集聚地、低空飞行多元 应用基地、低空飞行装备出口基地"目标，精准对接云南低空产业、优势资源与发展需求，充分发挥云 南省低空智能网联系统的赋能作用，形成"监管规范+产业集聚"的良性生态，助力政府提升低空治理效 能，推动云南低空经济安全可控、健康有序高质量发展。（编辑：许浩存 校对：李佳洹 审核：程凌） 据了解，云南低空飞行运营服务有限公司作为云南省低空智能网联系统的承建运营单位、低空应用场景 的服务保障单位、低空产业发展的数据支撑单位，依托低空智能网联系统，打造低空飞行服务保障、安 全监管基座，整合低空经济资源，集成低空基础数据，以"一网一站式"服务方式，优化飞行申报流程， 提高空域使用效益，实现低空飞行"看得见、联得上、管得住"，促进飞行量质稳步提升。 《中国民航报》、中国民航网 记者郝蒙 报道：为落实云南省委、省政府推动低空经济高质量发展的指 示要求，云南航空产业投资集团有限责任公司在省发展改革委、国资委、交通运输厅等单位的大力支持 下，牵头并联合云南省交通投资建设集团有限公司、云南省交通发展投资有限责任公司共同出资组建云 南低空飞行运营 ...

Investment Rating - The report maintains a "Strong Buy" rating for the company, with a target price of 47.12 CNY [2][8]. Core Views - The company reported a revenue of 1.742 billion CNY for the first half of 2025, a year-on-year decline of 2.30%. The net profit attributable to shareholders was a loss of 770 million CNY, an improvement from a loss of 820 million CNY in the same period last year [2][8]. - The company has shown significant improvements in efficiency, with a reduction in total expenses (R&D, sales, and management) by 14.37% year-on-year, amounting to 1.530 billion CNY [2][8]. - The company is actively integrating AI into its products, achieving notable results with various AI-enabled offerings [2][8]. - The company has accelerated its international expansion, securing significant contracts in overseas markets, including a project with a state-owned bank and a rail transit system [2][8]. Financial Summary - For 2025, the company is projected to achieve revenues of 4.612 billion CNY, with a growth rate of 6.0% [4][9]. - The net profit is expected to narrow to a loss of 320 million CNY in 2025, with further improvements anticipated in subsequent years, potentially turning profitable by 2027 [4][9]. - The company's total assets are projected to increase from 14.867 billion CNY in 2024 to 15.727 billion CNY by 2027 [9][4]. - The company’s debt-to-equity ratio is expected to rise from 31.5% in 2024 to 42.7% in 2027, indicating a potential increase in leverage [9][4].