作者 | 火花 编辑 | 小白 提到无人机，绝大多数人脑海里蹦出的第一个名字就是大疆。在消费级无人机领域，大疆是当之无愧的 王者。 甚至在工业无人机领域，大疆也凭借多旋翼产品的成本优势占据了半壁江山。 但在大疆的统治版图之外，还有一个被称为"垂直起降固定翼"的细分赛道，规模相当有限。这里还没有 被大疆完全占据，所以跑出了一家标杆企业纵横股份（688070.SH）。 在连年亏损的报表背后，它还是不是低空经济风口上的真金？ 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 来源：市值风云 开创新赛道，从来不轻松。 增速良好，但缺乏造血能力 先说好的。公司营收增长强劲。根据2025年三季报，公司前三季度实现营业收入3.2亿元。同比增 57%。 这说明公司的产品确实卖出去了，市场需求是真实的。 不仅如此，公司整体毛利率在前三季度大幅攀升，从42.2%增至48.9%，态势良好。受此影响，净亏损 也有所收窄。 这一增长主要得益于低空经济被写入国家战略，各地政府和企业开始加大对无人机基础设施的投入。纵 横股份的CW系列无人机，尤其是油电混动CW-100、CW-40和纯电CW-15系列，在应急、安防和 ...

Group 1 - The core idea of the articles revolves around the innovative use of drones in urban settings, particularly in Nanjing, to enhance efficiency in various services such as pest control and delivery during the upcoming holiday period [1][2] - During the "May Day" holiday, Nanjing is expected to see an average daily traffic flow of 875,000 vehicles, prompting the deployment of over 20 automated drone systems equipped with night vision cameras and intelligent communication systems for traffic management [1] - The city is set to launch its first drone delivery route in Qixia District, aiming to redefine instant delivery with an average speed of 60 km/h, allowing users to order items like hot drinks and seafood via mobile apps [2] Group 2 - The Nanjing Low Altitude Flight Service Platform is nearing completion, featuring 12 functional modules for airspace management and flight planning, integrating resources from over 90 operational units, and is expected to officially launch by the end of June [2] - The company is actively working on low-altitude smart network construction and infrastructure planning to foster the development of drone research, air logistics, and low-altitude tourism industries [2]