UniTTEC(000925)2025-02-24 08:44Group 1: Company Overview and Product Introduction - Zhejiang Zhonghe Technology Co., Ltd. introduced three low-altitude products in 2024: UniTFCC tri-redundant flight control computer, UniSpace low-altitude comprehensive service platform, and UniPort smart public take-off and landing field management platform [2]. - UniTFCC tri-redundant flight control computer ensures high reliability in critical mission execution, maintaining safety risk control within 10^(-9) [2]. - UniSpace platform provides unified management for various low-altitude vehicles, optimizing ground and airspace resource management [2]. - UniPort platform offers intelligent management for public drone take-off and landing, enhancing safety and efficiency [2]. Group 2: Market Potential and Economic Impact - The low-altitude economy market is projected to exceed 500 billion CNY in 2023, with optimistic estimates suggesting it could surpass 1 trillion CNY by 2026 [3]. - The global drone flight control market is estimated at approximately 4.5 billion USD in 2023, expected to grow to 13 billion USD by 2030, with a CAGR of about 16.4% [3]. - The flight control system is anticipated to account for 20%-30% of the manufacturing cost of eVTOL products [3]. Group 3: Strategic Partnerships and Projects - The company has invested 32.5 million CNY in Yuanfei Technology, holding a 24.53% stake, positioning itself as the second-largest shareholder [4]. - Successful project implementations include the intelligent inspection system for the G30 Xinjiang section of the Lianhuo Expressway, although the order amount is relatively small [4]. - Yuanfei Technology has multiple operational cases in low-altitude management, including systems in Ganzhou and Hecheng [4]. Group 4: Future Plans and Infrastructure Development - Hangzhou's low-altitude economic development plan aims to establish over 275 take-off and landing sites and 500 low-altitude flight routes by 2027 [4]. - The company is actively pursuing low-altitude infrastructure construction in line with local government initiatives [4]. Group 5: Semiconductor Products and Production Capacity - The company's subsidiary, Haina Co., focuses on semiconductor-grade single crystal silicon materials, with production bases in multiple locations [4]. - Haina's production capacity includes 750 tons of 6-8 inch semiconductor-grade single crystal silicon ingots annually and 4.32 million 6-8 inch polished wafers per year by 2025 [4]. Group 6: Financial Performance and Order Status - In 2024, the company secured approximately 3.135 billion CNY in new orders within the smart transportation sector, maintaining a consistent performance above 2.5 billion CNY for three consecutive years [5].