Industry Overview - The low-altitude economy in China is gaining momentum, driven by technological advancements, policy incentives, and economic transformation [1][3] - The low-altitude economy is expected to exceed 670 billion yuan by 2024, with projections indicating it could surpass 1 trillion yuan by 2026 [4] Company Developments - Nanjing Aerospace Guoqi Intelligent Equipment Co., Ltd. has developed various unmanned aerial vehicles (UAVs) with capabilities such as a maximum load of 300 kilograms and flight duration of approximately 30 minutes [2] - The PT6A engine maintenance base established by Huaxia Yuntian Aviation Engine Maintenance Co., Ltd. in Wuhu is the first authorized overhaul facility for PT6A engines in China, aiming for an annual repair capacity of 100 engines [4] Policy and Regulatory Framework - The Chinese government has integrated the low-altitude economy into national planning since 2021, with continuous emphasis in key meetings and government reports [3] - Various ministries are working on establishing a standard system for the low-altitude economy and enhancing safety regulations [3][4] Market Dynamics - As of the end of 2024, there are over 200,000 enterprises in the low-altitude economy sector, reflecting a year-on-year growth of 10.46% [4] - The industry is characterized by a growing ecosystem that includes production, operation services, and airspace management [1][3]

Group 1 - The low-altitude economy in China is experiencing significant growth, driven by technological advancements, policy incentives, and economic transformation [1][3] - The 2025 Low Altitude Economy Development Conference showcased a full industry chain from aircraft to operational services and airspace management, indicating a rapidly approaching three-dimensional economic ecosystem [1][3] - The low-altitude economy is expected to exceed 670 billion yuan by 2024, with projections suggesting it could surpass 1 trillion yuan by 2026 [4] Group 2 - The establishment of the Low Altitude Economy Development Department by the National Development and Reform Commission and the formation of a leadership group by the Civil Aviation Administration of China highlight the government's commitment to this sector [3] - Various regions are exploring unique paths for low-altitude industry development, such as Guangdong's "air taxi" pilot projects and Chongqing's expedited airspace approval processes [3] - The number of enterprises in the low-altitude economy has exceeded 200,000, reflecting a year-on-year growth of 10.46% [4] Group 3 - The PT6A engine maintenance base in Wuhu, authorized by Pratt & Whitney Canada, represents a significant development in the low-altitude economy, aiming for an annual repair capacity of 100 engines [4] - Despite the growth, there are still many bottlenecks to overcome, including the need for comprehensive regulations, standards, and management systems to support the industry [4] - Safety is emphasized as the primary prerequisite for the development of the low-altitude economy, necessitating a new governance system that is both cautious and inclusive [4]