Core Viewpoint - Chengdu Zongheng Automation Technology Co., Ltd. has made significant progress in the low-altitude economy sector, evidenced by its recent winning of contracts totaling approximately 120 million yuan, which represents about 25.38% of its projected revenue for 2024 after excluding non-core business income [1][2]. Group 1: Company Developments - Zongheng Dapeng, a wholly-owned subsidiary, won contracts for the "Smart Bazhong" low-altitude digital economy unmanned system and supporting facilities, with contract amounts of 106 million yuan and 13.6 million yuan respectively [1]. - The company aims to deepen its low-altitude digital economy business layout by promoting the integration of "unmanned systems + Zongheng Cloud + AI" [1][3]. - Zongheng has established strategic partnerships with over ten local governments and enterprises to jointly develop low-altitude economy projects in 2024 [3]. Group 2: Industry Insights - The low-altitude economy is viewed as a burgeoning field with vast development potential, driven by technological advancements in drones and artificial intelligence [3]. - The successful contract wins are expected to enhance Zongheng's market position in the low-altitude economy, positively impacting its revenue, business expansion, and brand influence [2]. - The company has a competitive advantage in the low-altitude economy sector due to its strong technical foundation in industrial drones and a diverse product line that meets various operational needs [2].