Core Insights - The article highlights the successful completion of a cross-city delivery using a 2-ton eVTOL aircraft, marking a significant advancement in low-altitude logistics in China [1][3]. Group 1: Company Developments - The 2-ton eVTOL aircraft, named "Kai Rui Ou," was developed by Fengfei Aviation and successfully transported hundreds of kilograms of fresh blueberry juice and express parcels [3]. - The flight took approximately one hour, covering the distance from Huaining County in Anhui Province to Yaohai District in Hefei City [3]. Group 2: Industry Trends - Hefei City currently operates 98 regular low-altitude logistics routes, indicating a growing infrastructure for drone-based delivery services [3].

开源证券近日发布低空经济行业周报（第二十八期）：7月30日，江苏省十四届人大常 委会第十六次会议审查批准《苏州市低空经济促进条例》与《无锡市低空经济发展促进条 例》。两部法规将于同年10月1日同步施行。8月6日，美国交通部公布无人机新规提案，拟 取消远程无人机飞行"逐案审批"制度，允许商用无人机超视距飞行（BVLOS）。 以下为研究报告摘要： 8月4日-8月8日低空经济A股相关标的平均涨跌幅为+4.2%，涨幅前五标的分别为山河智 能（+22.1%）、西域旅游（+21.6%）、西测测试（+11.2%）、绿能慧充（+10.9%）、普利 特（+9.9%）；跌幅前五标的分别为豪鹏科技（-10.1%）、恒拓开源（-3.8%）、莱斯信息 （-2.3%）、欣旺达（-1.0%）、华设集团（-0.7%）。美股方面，亿航智能（+3.3%）、 Archer Aviation（+1.7%）、Joby Aviation（+0.5%）、Eve Holding（-6.8%）、Vertical Aerospace（-9.1%）。 风险提示：产业政策落地速度不及预期，低空应用场景在C端普及不及预期。（开源证 券 殷晟路） 峰飞航空吨级eVTO ...

Group 1 - The core viewpoint of the news highlights the significant growth and investment opportunities in the low-altitude economy and general aviation sectors, particularly through the performance of the Huabao General Aviation ETF (159231) which saw a price increase of 1.56% on August 5, reaching a new high since its listing [1][2] - The successful flight of the domestically developed 2-ton electric vertical takeoff and landing aircraft (eVTOL) by Fengfei Aviation marks a breakthrough in offshore logistics, indicating China's advancements in low-altitude logistics applications [2] - The low-altitude economy is recognized as a new emerging industry that is becoming a crucial driver of new productive forces, with various sectors benefiting from the "low-altitude +" model [2] Group 2 - Recent analysis from Huafu Securities suggests that the low-altitude sector is poised for a rebound, supported by favorable technical indicators, policy developments, and ongoing government initiatives [2] - The establishment of a leadership group by the Civil Aviation Administration of China for general aviation and low-altitude economy work indicates a strategic focus on this sector, with expected policy support in the future [2] - The release of the "Low Altitude Economy Infrastructure Framework Guidelines (2025 Edition)" by the China Civil Airport Association provides a systematic plan for low-altitude infrastructure development, outlining 21 core indicators [2] Group 3 - The Huabao General Aviation ETF (159231) is designed to cover a wide range of sectors including military and civilian aviation, with over 46% of its components being state-owned enterprises and more than 20% from major military groups [2] - The ETF aims to facilitate investment in the Chinese aviation industry chain, particularly in areas with significant technological barriers and commercial potential [2] - The launch of the Huabao General Aviation ETF's linked funds on August 1 provides a convenient tool for investors to capture opportunities in the burgeoning general aviation sector [3]

Core Viewpoint - The successful test flight of China's self-developed 2-ton electric vertical takeoff and landing aircraft (eVTOL), the "Kairiou," marks a significant advancement in low-altitude logistics applications for maritime and land transportation in China [1] Group 1 - The eVTOL was developed through a collaboration between China National Offshore Oil Corporation (CNOOC), CITIC Offshore Helicopter Company, and Shanghai Fengfei Aviation [1] - The test flight involved transporting fresh fruits and emergency medical supplies from a land departure point in Shenzhen to an offshore oil and gas platform located 150 kilometers from the Shenzhen coastline [1] - The flight duration for the eVTOL was 58 minutes, demonstrating its capability for efficient maritime logistics [1]

Core Insights - China's independently developed 2-ton eVTOL "Kairuiou" successfully completed the world's first material transport flight to an offshore oil platform, marking a significant advancement in low-altitude logistics applications [1][3] Group 1: Technological Breakthrough - The successful test flight was a collaboration between China National Offshore Oil Corporation (CNOOC), CITIC Offshore Helicopter, and Fengfei Aviation, showcasing the first eVTOL to receive necessary certifications [3][4] - The eVTOL transported fresh fruits and emergency medical supplies from a land point in Shenzhen to the Huizhou 19-3 platform, located 150 kilometers offshore, completing the journey in 58 minutes [3][4] Group 2: Operational Advantages - Traditionally, CNOOC relied on ships for material transport, which took approximately 10 hours, and helicopters for urgent supplies, which were costly. The eVTOL offers significant advantages in operational costs, response speed, environmental impact, comfort, and suitability for limited takeoff and landing spaces [4][6] - The "Kairuiou" features a compound wing design, with a range of 200 kilometers, a maximum speed of 200 kilometers per hour, and a payload capacity of 400 kilograms, demonstrating its capability in challenging maritime conditions [6] Group 3: Future Prospects - The development of eVTOL technology is expected to enhance operational efficiency and safety for offshore oil platforms, providing innovative solutions for personnel rotation, emergency medical rescue, and rapid transport of high-value components and materials [7] - The low-altitude economy in China is projected to reach 3 trillion yuan by 2030, with innovative applications in marine scenarios anticipated to be a significant growth driver [7]