金元证券近日发布低空经济周报（第四十七周）：本周低空经济指数跌-3.86%，相对涨幅-0.09%，日均 成交额253.79亿元，市盈率（TTM）达114.49倍，本周日均主力净流入额-10.18亿元。较上周而言，本 周成交额基本持平，估值维持高位，主力资金净流出。 以下为研究报告摘要： 个股表现： 本周涨幅前五个股为晨曦航空、超图软件、超捷股份、爱乐达、安达维尔；跌幅前五个股为小鹏汽车- W、中创新航、星源卓镁、商络电子、亿纬锂能。 行业动态： 1、交通运输部办公厅关于印发低空交通运输应用场景典型案例名单的通知； 2、安徽省无人驾驶航空器适飞空域正式公布； 3、2025湖南（国际）通用航空及低空经济产业博览会在长沙举办； 4、2025四川低空经济产业链生态大会在自贡举行，《低空安防标准体系建设指南》发布。 政策动态： 板块行情回顾： 本周低空经济指数跌-3.86%，相对涨幅-0.09%，日均成交额253.79亿元，市盈率（TTM）达114.49倍， 本周日均主力净流入额-10.18亿元。较上周而言，本周成交额基本持平，估值维持高位，主力资金净流 出。 1、中国民航局关于《小型商业运输运营人运行合格审定规则（征 ...

南方财经见习记者郭莎 广州报道 11月25日，南方财经记者从全球智能机械与电子产品博览会（AIE）媒体通气会上获悉，该博览会将 以"湾区智造·全球共享"为主题，于12月4日至6日在澳门和珠海同时举办。 据初步统计，多家采购商已明确计划开展千万级大额订单洽谈与长期战略合作，整体采购规模有望突破 数亿元。 刘英表示，依托六大主题展馆及系列高端论坛峰会，本届AIE将构筑起"展示+发布+对接"三位一体的产 业促进平台与跨界融合高地，不仅激发前沿思想的深度碰撞，更推动多项务实合作落地生根。 本届博览会"首发经济"特征显著，多项具备全球或全国首发意义的产品与技术将集中登场。 粤港澳大湾区是全球科技创新资源最密集、产业创新最活跃的地区之一，跃居全球第一大创新集群，培 育了消费电子、智能家电、高端装备、新能源汽车等重点产业集群。 据悉，多家企业将在博览会上展示新品。广汽埃安全球首发智能网联新车，同步展示自动驾驶与车路协 同技术突破；vivo首发新一代5G/6G通信终端，呈现量子通信技术在消费电子领域的应用探索；深圳市 无人机行业协会组织会员企业发布多款工业级无人机新品，推动低空经济产业升级。 本届博览会采用"澳门+珠海"双城 ...

Core Insights - The 27th High-Tech Fair Low Altitude Economic Industry Exhibition focuses on the low-altitude economy, showcasing over 200 core enterprises from the industry chain and attracting thousands of professional buyers and industry guests [1][19] - The event features a stunning drone performance, highlighting the maturity of low-altitude intelligent technology applications [1] Group 1: Industry Overview - The exhibition covers the entire low-altitude economy industry chain, with leading enterprises and innovative technologies presenting a complete ecosystem from technology foundation to service assurance [4] - Key players include AVIC Composite Materials, showcasing advanced composite materials, and Shaanxi Maosong Technology, presenting titanium and zirconium products [4] Group 2: Equipment and Technology - Notable equipment includes eVTOLs from Yingwu Intelligent, which are being deployed in various low-altitude tourism scenarios, and a comprehensive service system from High Giant Innovation [6] - Innovations in specific fields include drone exploration equipment from Gataike and high-efficiency energy products from Guangdong Mailuo Energy [8] Group 3: Events and Competitions - The exhibition features a high-end display area in collaboration with Forbes China, focusing on innovative enterprises in the low-altitude economy [12] - A drone racing simulator competition was launched, attracting significant viewership and showcasing the excitement of low-altitude racing [12] Group 4: Forums and Discussions - The second China Low Altitude Economic Industry Summit Forum was held, discussing key topics such as aircraft design optimization and airspace management [16] - Two significant reports were released: the "Low Altitude Economy Talent White Paper" and the "2025-2027 Shenzhen Low Altitude Economic Standard Framework," outlining industry development priorities [16] Group 5: Networking and Collaboration - The exhibition serves as a platform for efficient connections among industry players, organizing global procurement and investment matching events [18] - Over 300 professional procurement teams were invited to enhance business opportunities for exhibitors [18] Group 6: Market Potential - The low-altitude economy is identified as a trillion-level growth driver, entering a golden development period [19] - The exhibition aims to facilitate technology display, result transformation, and collaboration, contributing to Shenzhen's competitive low-altitude economic cluster [19]

Core Insights - Guangdong Province has achieved significant economic growth during the "14th Five-Year Plan" period, with a projected GDP of 14.16 trillion yuan in 2024, maintaining its position as the largest economy in China for 36 consecutive years, with an average annual growth rate of 4.7% over the first four years [1] - The province is focusing on the development of the Guangdong-Hong Kong-Macao Greater Bay Area, leveraging technological innovation to drive industrial upgrades and aiming to establish an international first-class bay area and world-class city cluster [1] Economic Performance - Guangdong's industrial revenue reached 19.41 trillion yuan, and the added value of the service industry was 8.14 trillion yuan, both ranking first in the country [1] - The province's economic reforms are characterized by a focus on high-quality development, with significant breakthroughs in key areas and the replication of successful pilot programs [3] Reform Initiatives - The province has implemented over 60 "national firsts" through the Shenzhen comprehensive reform pilot, with 48 innovative measures promoted nationwide [3] - Guangdong has introduced policies to enhance the business environment, resulting in over 20 batches of application scenario opportunity lists and more than 1,300 innovative projects [3][4] Business Environment - The "Three-Year Action Plan for Building an International First-Class Business Environment in the Greater Bay Area" has been launched, with cities like Guangzhou and Shenzhen accelerating the establishment of innovative business environment pilot cities [4] - As of September, the number of registered business entities in the province exceeded 20 million, with over 9 million being enterprises, indicating a robust development of the private economy [4] Infrastructure and Connectivity - The province is enhancing connectivity within the Greater Bay Area through institutional innovations, facilitating cross-border flows of talent, capital, and data [5] - The "Bay Area Pass" project has been implemented to streamline cross-border travel and cooperation, with significant increases in cross-border vehicle movements and talent exchanges [5] Innovation and Industry Development - Guangdong has maintained its position as the top region for innovation capabilities in China for eight consecutive years, focusing on a comprehensive innovation chain from basic research to technology commercialization [7][8] - The province is promoting both the upgrading of traditional industries and the development of emerging industries, with significant investments in sectors like integrated circuits and new energy storage [9] Collaborative Innovation - The Greater Bay Area is advancing as an international technology innovation center, with collaborative efforts in fields such as artificial intelligence and low-altitude economy [10] - The establishment of joint laboratories and shared access to major technological infrastructures is enhancing regional cooperation and innovation capabilities [10]

Core Viewpoint - The first Global Consumer Electronics Innovation Conference (CEIC 2025) in Shenzhen signifies a shift in the global consumer electronics landscape, with Chinese technology aiming to redefine industry standards and gain a stronger voice in the market [1][11]. Group 1: Technological Breakthroughs - Breakthroughs in foundational technologies like HarmonyOS and StarFlash are reshaping the competitive landscape of the consumer electronics industry, enabling Chinese innovations to compete for global influence [2][5]. - StarFlash technology, developed by Huawei, offers significant advantages over traditional wireless technologies, achieving a transmission latency of just 5 milliseconds, which is one-sixth of other controllers, and enhancing energy efficiency [6][8]. - The StarFlash ecosystem now covers over 200 types of commercial products, ranging from large appliances like TVs and refrigerators to smaller devices like mice and keyboards [6][8]. Group 2: Application and Integration - The HarmonyOS system is being utilized in various innovative solutions, such as "no-sense parking," which automates vehicle identification and payment processes, enhancing user convenience [8]. - The integration of HarmonyOS and StarFlash technologies is being promoted in educational and research settings, fostering early-stage influence on consumer electronics technology [9][10]. Group 3: Market Position and Export Growth - Shenzhen's export of electromechanical products reached 2 trillion yuan in 2024, marking a 12.1% increase, with traditional electronic products like mobile phones and home appliances contributing significantly to this growth [12]. - Shenzhen holds a dominant position in the global drone market, with consumer-grade drones accounting for 70% and industrial-grade drones for 50% of the global market share as of mid-2025 [12]. Group 4: Industry Events and Global Influence - The CEIC aims to establish itself as a platform comparable to the CES in the U.S., which has historically set technology trends and industry standards [14][15]. - Despite its potential, CEIC is still in its early stages, facing challenges in brand recognition and international participation, which are crucial for attracting top enterprises and professional audiences [15].

Core Points - The event "Smart Green Future with Low Altitude + Robotics" showcased the application of drones and robots in forestry and landscaping in Guangzhou [1][3] - Over 20 companies from various cities presented more than 80 smart devices, illustrating the daily operations of future smart parks [3] - Guangzhou established several centers for promoting intelligent management in forestry and landscaping, including a low-altitude application demonstration station and a robotics research center [3][4] Group 1 - The event featured drones performing tasks such as transporting saplings and robots providing services like coffee delivery [1][3] - Guangzhou's low-altitude forestry and landscaping application platform was introduced as the "command brain" for coordinating drone inspection and transportation tasks [4] - Five application scenarios were released, covering maintenance, emergency response, service, low-altitude transportation, and health education [4]

Core Insights - A new round of urban competition is reshaping the economic landscape in China, with significant changes in regional economies as the GDP data of the top 40 cities is released [1] - The economic resilience of leading cities is highlighted, with cities in central and western regions catching up, particularly Shenzhen leading with a growth rate of nearly 6% [1][8] Economic Performance - The GDP club of trillion-yuan cities continues to expand, with over half of the cities surpassing the trillion-yuan mark, and seven cities maintaining a GDP above 2 trillion yuan [3] - Approximately 70% of cities have either advanced in rankings or maintained their positions compared to the previous year, with the Yangtze River Delta and Pearl River Delta contributing over 40% of the economic increment [3] City-Specific Developments - Shenzhen's economy grew by 5.9%, driven by breakthroughs in advanced technology and manufacturing upgrades, with R&D investment accounting for 5.8% of its GDP [8] - Nanjing and Wuhan have narrowed their GDP gap to less than 100 billion yuan, with Nanjing's AI and biomedicine sectors growing by 14.7% and 11.3% respectively [9] - Nanchang has entered the list of top cities, driven by its electronic information and aviation manufacturing industries, achieving an industrial growth rate of 7.8% [11] Investment and Innovation - Nanjing's service sector now accounts for 62.3% of its economy, with significant contributions from finance and software services, although industrial investment growth has slowed [9][13] - Nanchang's strategic breakthroughs in key industries are opening new development spaces, with the establishment of major industrial clusters [11] Future Outlook - The dynamic competition among cities serves as a test of regional development strategies and reflects the resilience of the Chinese economy [15] - Cities that successfully transition their development paradigms will gain greater influence in the new competitive landscape [15]

无人机行业现状与展望 20251007 摘要 民用无人机市场由消费级和工业级构成，平均单价超 2 万元人民币。 2024 年消费级无人机市场规模预计为 50 亿美元，到 2033 年达 140 亿美元，复合增长率约 10%，年销量约 700 万台，均价 5,000 多元。 2023 年工业级无人机市场规模已达 197 亿美元，增速或高于消费级。 无人机市场主要区域包括欧美、中美洲及亚太地区，亚太以中国为主。 消费级无人机市场大疆占据全球 70%以上份额，国内高达 80%以上。 工业级市场大疆占 37%左右，竞争格局分散，极飞科技、亿航和道通等 公司也有一定份额。 无人机硬件趋向小型化和轻量化设计，软件向操作简单化发展，如一键 操控和 AI 一键成片功能。产品设计需考虑各国监管对重量的限制（如 249 克以下无需注册备案）。 大疆创新科技有限公司年收入规模约 600 亿元，无人机业务占比 70%- 80%，海外收入占比 70%，毛利率不低于 50%，高端系列接近 70%甚 至更高。公司拥有超过 1,000 人的研发团队，协同工作提高研发效率。 Q&A 目前全球无人机市场的总体规模和民用无人机的市场情况如何？ 2 ...

Core Viewpoint - The article highlights the innovative developments in Shenzhen's robotics industry, showcasing how technology is being integrated into daily life and redefining service standards in the sector [1][19]. Group 1: Robotics Innovations - The "Robot 6S Store" in Longgang, Shenzhen, offers a unique service model that includes sales, spare parts supply, after-sales service, information feedback, rental, and personalized customization, creating a comprehensive service ecosystem [7][9]. - The store features hundreds of robots and components, with major robotics companies showcasing their products, breaking down barriers between robots and everyday life [7][9]. - The article mentions the evolution of exoskeleton robots, which can now lift weights of up to 20 kilograms, demonstrating their practical applications in various fields such as elderly assistance and industrial protection [5][9]. Group 2: Industry Growth and Ecosystem - Shenzhen's Nanshan Robot Valley is home to over 100 robotics companies, showcasing the city's rapid innovation pace, where prototypes can be developed within a day [10][17]. - The city has established itself as a leader in the low-altitude economy, with 1,058 takeoff and landing points and 309 flight routes, housing over 1,900 companies in this sector [10][17]. - The article notes that the number of AI companies in Longgang exceeds 620, and the robotics industry cluster has over 12,700 companies, indicating significant growth in the sector [17]. Group 3: Market Adaptation and Future Outlook - The article emphasizes that the robotics industry is transitioning from technological breakthroughs to large-scale implementation, with expectations that prices for household and educational robots will significantly decrease in the next 3 to 5 years, making them commonplace like smartphones [9][17]. - Shenzhen's innovation model is market-driven, allowing for rapid adaptation and quick market entry for new products, as highlighted by experts in the article [13][17]. - The integration of technology into urban life is evident through various smart city initiatives, such as facial recognition systems and automated libraries, showcasing Shenzhen's commitment to embedding technology in daily activities [17].

Core Insights - The meeting held on September 29 in Shenyang aimed to explore the development paths and future trends of low-altitude economy integration and innovation, promoting high-quality development in Liaoning and nationwide [1] Group 1: Meeting Objectives and Themes - The conference focused on the theme of low-altitude economy integration and innovation, featuring reports from Chinese Academy of Engineering academicians on the development history and current status of general aviation, strategic measures for emergency rescue systems, and technological advancements related to low-altitude economy [1] - Multiple industry experts shared research findings and practical experiences regarding the industrial layout, cutting-edge technologies, application scenarios, and infrastructure development in the low-altitude economy sector [1] Group 2: Action Plans and Goals - The "Three-Year Action Plan for High-Quality Development of Low-Altitude Economic Manufacturing Industry in Liaoning Province (2025-2027)" was released during the meeting, outlining goals for the province [1] - By 2027, the plan aims for the industrialization and lineage development of new energy aircraft, industrial-grade drones, and military drones, with significant projects like commercial cargo drones and hybrid electric systems entering the industrialization phase [1] - The establishment of low-altitude aircraft industrial parks in cities like Shenyang and Dalian is also part of the plan, aiming to create a high-quality, low-cost supporting system [1]