On October 15th, the low-altitude economy concept sector in the A-share market experienced localized fluctuations, with multiple stocks hitting their upper limit.

According to data from Eastmoney Choice, in the low-altitude economy concept sector, as of the closing of the trading day, the share prices of 50 listed companies turned red. Among them, Suzhou Jiaotong Science & Technology Co., Ltd. (Suzhou Jiaotong), Huali Chuantong, and Wei Ye Shares hit the daily limit, while Guangqi Technology, Chuanhuan Technology, Shenzhen Urban Transport, AVIC Electronic Measurement, Xingmin Zhitong, and other stocks rose by more than 6%.

Upon review, it was found that after the National Day holiday, the aforementioned stocks have shown pleasing gains. Since October 8th, the cumulative increase in the price range for Suzhou Jiaotong and Wei Ye Shares has exceeded 30%, Huali Chuantong and Xingmin Zhitong have cumulatively risen by more than 25%, and Shenzhen Urban Transport has cumulatively increased by more than 10%.

Some low-altitude economy concept stocks with recent leading gains

Taking Suzhou Jiaotong as an example, according to the trading public information announced by the Shanghai and Shenzhen stock exchanges on October 15th, Suzhou Jiaotong made it to the top 5 securities with a daily increase of 15%, entering the Dragon and Tiger List. Looking at the buy and sell data published by the Dragon and Tiger List for that day, the total purchase amount was 344 million yuan, the total sales amount was 227 million yuan, and the total net purchase was 117 million yuan.

Advertisement

It is reported that this year, Suzhou Jiaotong has been on the Dragon and Tiger List 5 times, with the last time being October 9th. After the market closed that day, it issued an announcement of unusual fluctuation in stock trading, stating that its stock had a cumulative increase in closing price that deviated from the value by more than 30% over three consecutive trading days from September 30, 2024, to October 8th and October 9th. According to the "Shenzhen Stock Exchange Trading Rules," this is considered an unusual fluctuation in stock trading.

In response to this situation, the company's board of directors conducted an investigation and confirmed that there was no need to correct or supplement the information disclosed earlier; no information related to the company with high market attention was found recently; there have been no significant changes in the company's operating conditions and internal and external environment recently; the company, its controlling shareholders, and actual controllers do not have any significant matters about the company that should be disclosed but have not been disclosed, or significant matters under planning, etc.

According to Suzhou Jiaotong's semi-annual report for 2024, Suzhou Jiaotong is the first engineering consulting A-share listed company in China, with its main business including engineering consulting and contracting. In the first half of this year, it achieved a revenue of 2.059 billion yuan, a year-on-year increase of 2.62%; it achieved a net profit attributable to the shareholders of the listed company of 158 million yuan, a year-on-year decrease of 7.75%.

Suzhou Jiaotong also mentioned that during the reporting period, the group laid out a forward-looking layout in the new track and seized the market opportunity, including actively participating in the low-altitude economy to create a new direction for business development.

On April 23rd of this year, in response to investor questions, it stated that the company is currently densely deploying low-altitude application flight services, unmanned aerial vehicle equipment testing and appraisal, low-altitude flight training, low-altitude economic industry development research, low-altitude flight infrastructure and supervision system construction, and planning and development of various application scenarios in six major business directions such as the Beijing-Tianjin-Hebei region, the Yangtze River Delta, and the Guangdong-Hong Kong-Macao Greater Bay Area. It aims to develop new scenarios for low-altitude flight services, build a new system for low-altitude transportation, and incubate new business forms in the low-altitude economic industry. Based on the economic development of the low-altitude industry and the construction of the transportation system, it is committed to becoming a high-end think-tank-type technology enterprise for the development of the low-altitude economy.From an industry-wide perspective, recently, there has been a continuous stream of positive news in the low-altitude economy sector.

According to a CCTV news report on October 14th, recently, 15 cities including Beijing, Shanghai, Changzhou, Hangzhou, and Hefei announced their joint efforts to build a low-altitude economic ecosystem, with plans to create 100 demonstration projects by next year.

These 15 cities will collaborate with telecommunications operators to develop some low-altitude flight routes and low-altitude application demonstration areas. Telecommunications operators will integrate 5G+Beidou high-precision positioning networks to build the low-altitude network into a benchmark demonstration project that combines communication, navigation, remote sensing, and air space regulation capabilities. By constructing a comprehensive low-altitude operation platform, they aim to create typical low-altitude applications such as flight regulation, low-altitude logistics, emergency rescue, and inspection, with plans to establish 100 benchmark demonstration projects in the low-altitude economy industry by 2025.

Furthermore, on October 14th, the State Council Information Office held a press conference on increasing support for enterprises, where Wang Jiangping, the Vice Minister of Industry and Information Technology, stated that they will deepen scenario applications and cultivate and strengthen new productive forces such as the low-altitude economy and intelligent manufacturing.

The conference indicated that they will guide the construction of the low-altitude industry ecosystem, support regions with better air space resources and rich application scenarios to take the lead in trials, and create a low-altitude multi-scenario application demonstration system according to local conditions. They aim to accelerate the cultivation of new consumer formats in low-altitude logistics, urban and inter-city air traffic, and low-altitude cultural tourism, and expand new models such as agricultural and forestry plant protection, inspection, and emergency rescue to create a new engine for economic growth. They will also issue implementation opinions to promote the innovative development of future industries, vigorously develop new fields and new tracks such as humanoid robots, brain-computer interfaces, and 6G. At the same time, they support enterprises in creating an "upgraded version" of intelligent manufacturing, focusing on the application of intelligent manufacturing technology in typical industries, and gradually cultivating a batch of intelligent factories at the basic, advanced, excellent, and leading levels.

In response to market development needs, a high-end development exchange meeting on the low-altitude economy, titled "2024 Low Altitude High Flight · Digital Intelligence Future," will be hosted in Qingdao, with companies such as EHang Intelligent, AutoFlight, Tianling Science, and CITIC Offshore participating.