Group 1 - The company has established a strategic partnership with leading eVTOL manufacturers, which is significant for the aviation industry [2] - The company possesses technical advantages in developing D-level full-motion flight simulators and has successfully delivered the first domestic A320 CEO/NEO and B737NG, B737MAX D-level full-motion flight simulators [2] - The company has led the formulation of the group standard for "Data Exchange Requirements for Civil Flight Simulation Training Equipment" in collaboration with domestic simulator manufacturers [2] Group 2 - The company has successfully developed the first domestic 600 kW class turboshaft drone engine control system and has begun small-scale deliveries to customers [2]

Core Insights - The low-altitude economy is rapidly becoming a strategic focus for many listed companies, with several reporting significant growth in related business areas in their half-year results for 2025 [1][3] - Multiple cities are actively implementing low-altitude economic development plans, indicating a competitive push into a trillion-yuan market, supported by reforms in low-altitude airspace and new infrastructure [1][4] Company Performance - Leading companies in the low-altitude economy sector have shown remarkable performance, with some reporting net profit increases of over 1000%, such as Qianfang Technology with a 1287% increase [3][4] - Companies like Zongheng Co. have reported a 61.72% year-on-year increase in revenue, driven by the rapid implementation of low-altitude digital economy projects [6] Market Potential - The low-altitude economy is projected to reach a scale of 1.6 trillion yuan by 2027, with significant growth expected in low-altitude logistics, including cold chain logistics and instant delivery services [4] - The market for low-altitude logistics is anticipated to create nearly 8 billion yuan in market space by 2027, driven by policy support and technological advancements [4] Industry Developments - Various provinces are developing tailored low-altitude economic action plans, with Sichuan province aiming to establish itself as a hub for low-altitude economic development [6] - Companies are actively expanding their business boundaries, with Hai Te Gao Xin collaborating with eVTOL manufacturers and Huaguang Yuanhai entering the bulk commodity logistics sector [7] Technological Advancements - Companies like Nairui Radar are broadening their market applications, including meteorological detection and civil aviation, while also planning international expansion [7] - The integration of AI and unmanned systems in low-altitude data services is being pursued by companies to enhance operational efficiency and service delivery [6]

Group 1 - The 2025 Paris International Aerospace Exhibition will feature a collective appearance of over 20 Chinese companies covering the entire aviation industry chain, highlighting the global competitiveness of Tianjin enterprises [1] - Tianjin Hite Aircraft Engineering Co., Ltd. has become the largest independent third-party aircraft overhaul and passenger-to-freight conversion company in China, benefiting from bonded maintenance policy advantages [3] - Ansheng (Tianjin) Flight Simulation Systems Co., Ltd. is the first domestic manufacturer capable of designing, certifying, and delivering D-level full-motion flight simulators for mainstream narrow-body aircraft from Boeing and Airbus, expanding into high-value areas like low-altitude economy eVTOL and engineering technical services [3] Group 2 - The civil aviation sector is a key focus for the Tianjin Port Bonded Zone in building a modern industrial system, aligning with the themes of "green aviation" and "future air mobility" showcased at the Paris Air Show [5] - The bonded zone has been actively enhancing the aviation industry by supplementing, extending, and strengthening the industrial chain, leading to rapid development in the regional aviation sector [5] - The interaction between Tianjin enterprises and global aviation giants at the airshow is expected to bring more technological cooperation and investment opportunities to the bonded zone [5]