Core Viewpoint - The event "I am a Shareholder" provided investors with an opportunity to gain in-depth insights into the leading industrial drone company, Zongheng Co., through factory visits and discussions, highlighting the growth potential in the low-altitude economy supported by national policies and technological advancements [1][8]. Company Overview - Zongheng Co. was established in 2010, focusing on the research and development of drone flight control navigation systems and complete systems, participating in major national aircraft projects and setting multiple industry standards [3][10]. - The company has developed four main product lines: vertical take-off and landing fixed-wing drones, multi-rotor drones, unattended systems, and sliding fixed-wing drones, with the unattended system allowing remote autonomous flight across the country [3][10]. Financial Performance - In the third quarter, Zongheng Co. reported revenue of 322 million yuan, a year-on-year increase of 57%, and a quarterly profit of 16.52 million yuan, marking a return to profitability [4][11]. - The gross profit margin for the first three quarters reached 48.9%, an increase of 2.2 percentage points compared to the previous year [4][11]. Technological Advancements - The company developed a smart air traffic control system in 2022, which won a special award from the Transportation Association, and the UTMIS system, co-developed with the Civil Aviation Second Institute, has become the national air traffic control baseline version [4][11]. - Zongheng Co. holds nearly 500 intellectual property rights, including over 100 invention patents, and has participated in the formulation of numerous industry standards [4][11]. Future Outlook - Zongheng Co. plans to increase R&D investment, enhance its product portfolio, and expand its applications in smart governance, with expectations for overseas business to gradually account for one-third or more of its operations [6][13]. - The company aims to focus on the low-altitude digital economy and logistics sectors, leveraging unattended systems and AI technology to promote the large-scale development of the low-altitude economy [6][13].

Core Insights - The event "I am a Shareholder" provided investors with an opportunity to gain in-depth knowledge about the leading industrial drone company, Zongheng Co., through factory visits and discussions [1][2] Company Overview - Zongheng Co. has focused on the research and development of drone flight control navigation systems and complete systems since its establishment in 2010, participating in major national aircraft projects and setting multiple industry standards [2] - The company has developed four main product lines: vertical take-off fixed-wing drones, multi-rotor drones, unattended systems, and sliding fixed-wing drones, with the unattended system allowing remote autonomous flight across the country [2][3] - As of now, Zongheng Co. holds nearly 500 intellectual property rights, including over 100 invention patents, and has participated in the formulation of dozens of industry standards [2] Financial Performance - In the third quarter, Zongheng Co. reported an operating income of 322 million yuan, a year-on-year increase of 57%, and a quarterly profit of 16.52 million yuan, marking a return to profitability [2] - The gross profit margin for the first three quarters reached 48.9%, an increase of 2.2 percentage points year-on-year [2] Future Outlook - Zongheng Co. plans to increase R&D investment, enhance its product portfolio, and expand its applications in smart governance, while also aiming to grow its overseas market share to one-third or more [3] - The company’s core competitiveness lies in its deep technical accumulation and full industry chain layout, focusing on low-altitude digital economy and logistics [3] - The ongoing support from national policies and continuous technological advancements are expected to provide Zongheng Co. with more development opportunities in the low-altitude economy [3]