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 establishment of the PT6A engine maintenance base by Huaxia Yuntian in Wuhu marks the first authorized overhaul facility for PT6A engines in China, enhancing the country's general aviation engine maintenance capabilities [1][2] - The designed annual repair capacity of the PT6A maintenance base is set at 100 engines, with plans for a new test stand and advanced equipment to improve operational efficiency [1] - The project aims to complete the design and core equipment bidding by 2025, with an expected operational start in 2026 [1] Group 2 - Huaxia Yuntian has formed a cooperation alliance with several domestic PT6A users, focusing on deep collaboration in engine maintenance and enhancing the general aviation service ecosystem [2] - The establishment of local overhaul capabilities for the PT6A series engines is a significant milestone for Huaxia Yuntian and a strategic move for Wuhu to strengthen its low-altitude economy [2] - The new maintenance base is expected to enhance the resilience and competitiveness of the regional aviation industry, providing core support for the high-quality development of the low-altitude economy in Anhui Province [2]