Financial Services Association, April 17. Recently, the low-altitude economy sector has changed frequently and has become the focus of investors' attention. Behind this phenomenon is rapid progress and widespread application in fields such as drone technology, aeronautical information services, and low-altitude traffic management. With the active promotion of national policies and the continuous expansion of market demand, the low-altitude economy has not only shown strong growth momentum, but also brought unprecedented development opportunities to related enterprises and industries.

Policies continue to increase catalysis, and the concept of a low-altitude economy has once again exploded

On April 17, the low-altitude economy sector strengthened markedly. Soon after the opening of the market, Suzhou Jiaotong Technology rose and stopped by 20cm. Since then, Jindun Co., Ltd. and Yibo Technology have also risen and stopped by 20cm, and many stocks such as Shenzhen Stock Exchange, Jianxin Co., Ltd., and Shangluo Electronics have followed the sharp rise.

According to the news, according to the WeChat account of Suzhou News, on April 18, Suzhou will hold a conference to promote low-altitude economic development. At the conference, a series of policy measures will be announced to unveil and license a number of relevant institutions to centrally sign a number of fund projects and construction projects, and promote the application scenarios of Suzhou's low-altitude economy, thus promoting the high-quality development of Suzhou's low-altitude economy.

In the past two years, favorable policies relating to low-altitude economy industries have been introduced frequently.

During the National Conference this year, the low-altitude economy was first included in the government work report. The report mentioned the need to speed up the development of new quality productivity, actively cultivate emerging and future industries, and build new growth engines such as the low-altitude economy. The Central Economic Work Conference in December of last year also clearly proposed building a number of strategic emerging industries, including the low-altitude economy. Furthermore, since last year, various regions have successively introduced support policies. Last year alone, at least 16 provinces included the low-altitude economy in government work reports. Since this year, the low-altitude economy has become the new engine of economic growth. Seventeen provinces have included low-altitude economic development as a priority for this year.

In the first quarter, new fields of the low-altitude economy, represented by unmanned manned aerial vehicles, developed rapidly, and are moving from “flying” to “being used.” Many domestic enterprises are increasing their investment efforts to carry out research and development of unmanned aerial vehicles, involving the structural design and material selection of aircraft. In addition to low-altitude manned sightseeing in scenic spots, application scenarios such as “air taxis”, logistics and distribution, and urban governance are also expanding at an accelerated pace. At the same time, construction of infrastructure related to the low-altitude economy is also being accelerated, including key areas such as the Beidou flight navigation system, digital maps, air traffic control centers, drone take-off and landing points, and drone nests.

Furthermore, four departments including the Ministry of Industry and Information Technology recently jointly issued the “Implementation Plan for Innovative Application of General Aviation Equipment (2024-2030)”, which proposes that by 2030, China's general aviation equipment will be fully integrated into all fields of people's production and life, forming a trillion-scale general aviation industry market.

The Ministry of Industry and Information Technology said that by 2030, China will achieve large-scale applications in aviation emergency rescue, logistics and distribution, etc., achieve commercial operation of urban air traffic, and a new general aviation industry development model characterized by high-end, intelligent, and green will basically be established in China.

These fields will be taken by

The so-called low-altitude economy refers to a comprehensive form of economy in an airspace below 3,000 meters, led by low-altitude flight activities of manned and unmanned aerial vehicles, radiating various fields.

The low-altitude economy industry consists of four major sectors. As a complex, the low-altitude economy mainly includes four major sectors: low-altitude infrastructure construction, low-altitude aircraft manufacturing (aircraft manufacturing), low-altitude operation services, and low-altitude flight support. Low-altitude infrastructure is the cornerstone of the development of a low-altitude economy, including supervisory facilities, etc. Among them, the ADS-B system has become a new aviation management device with the development of radar. Low-altitude aircraft innovations are mainly in drones and eVTOLs.

As one of the representative fields of new quality productivity, the low-altitude economy has become a hot topic since this year. Under the resonance of industrial policies, low-altitude economy concept stocks continue to be sought after by the market, and related industrial upgrades have attracted attention from many parties.

CITIC Securities pointed out in a recent research report that the low-altitude economy has a long industrial chain and a wide range of radiation. The upstream mainly consists of raw materials (including metal raw materials, special rubber and polymer materials) and core components (including batteries, motors, flight controls, airframes, etc.); the midstream is mainly low-altitude product manufacturing, low-altitude flight, low-altitude security and comprehensive services; the downstream is mainly operation and various application scenarios (including tourism, logistics, cultural tourism and inspection).

The above research report also pointed out that innovations in low-altitude aircraft are mainly drones and eVTOL (electric vertical take-off and landing aircraft), and eVTOL is expected to become the most notable carrier for the low-altitude economy.

Everbright Securities believes that as industries related to the low-altitude economy advance, the direction of low-altitude manufacturing, flight control, and security is expected to be laid out ahead of schedule. We are optimistic about the development opportunities of leading aircraft manufacturers and core supporting enterprises, air traffic control systems and operational advantages, low-altitude airports, and core enterprises that guarantee construction.

Galaxy Securities said that the low-altitude economy industry chain includes the upstream flight infrastructure and support service side, the midstream aircraft manufacturing side, and the downstream operation and application side. Looking forward to the future, the low-altitude economy trillion-level market is about to explode. Infrastructure comes first, and manufacturing and operation go hand in hand.