Core Insights - Rongsheng Development has signed a memorandum of cooperation with Hainan Aerospace City, marking a strategic shift towards the low-altitude economy [1][2] - The collaboration focuses on three main areas: emergency rescue and public service, low-altitude tourism, and cargo transportation [1] Group 1: Business Expansion - The partnership extends low-altitude operations from Sanya to Wenchang, leveraging resources from Aerospace City to create differentiated products [2] - The cooperation aims to build a low-altitude service network covering Hainan and extending along the coast, integrating with existing sea and air stations [2] Group 2: Strategic Positioning - Transitioning to the low-altitude economy is seen as a response to adjustments in the real estate sector, indicating a stronger commitment from Rongsheng Development in this area [2] - The acquisition of Meiya Airlines for 625 million yuan positions Rongsheng as an early mover in the low-altitude sector, enhancing its operational capabilities [1]