Low-altitude economy standard system construction accelerates; related listed companies usher in a new development milestone

Securities Daily Reporter Wu Yixuan   Intern Reporter Wang Nan

The low-altitude economy is an important sector in China’s strategic emerging industries. Currently, the industry is transitioning from pilot exploration to large-scale and standardized development, with accelerated deployment across all segments of the industry chain and an urgent need to improve supporting institutional frameworks. Against this backdrop, the top-level design of the national low-altitude economy standard system has been officially released, establishing a solid institutional foundation for high-quality industry development.

On February 2nd, ten departments including the State Administration for Market Regulation, the Civil Aviation Administration of China, the National Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Transport, and the Civil Aviation Administration jointly issued the “Guidelines for the Construction of the Low-Altitude Economy Standard System (2025 Edition)” (hereinafter referred to as the “Guidelines”). The Guidelines specify that by 2027, the low-altitude economy standard system will be basically established, meeting the fundamental requirements for safe and healthy development of the low-altitude economy. By 2030, more than 300 standards in the low-altitude economy field will be in place, forming a structured, advanced, and internationally compatible standard system that provides strong support for safe and healthy development.

Sun Yuhao, senior partner at Shanghai Hahai Yongtai Law Firm, told Securities Daily that the Guidelines establish unified technical rules for all segments of the low-altitude economy industry chain and clarify market expectations, breaking down barriers to large-scale development caused by standards issues. Listed companies involved in the low-altitude economy can rely on this system to clarify R&D compliance pathways and transform technology into core competitive advantages through participation in standard-setting. From a legal perspective, the Guidelines integrate mandatory and recommended standards, setting safety bottom lines while leaving room for innovation. Among them, complete aircraft manufacturers capable of participating in or even leading the development of standards for electric vertical takeoff and landing aircraft, as well as suppliers who have achieved breakthroughs in core component domestic substitution, are more likely to gain competitive advantages.

In the complete aircraft manufacturing sector, leading companies are taking the lead, with notable results. Zhejiang Wanfeng Aowei Turbine Co., Ltd. (hereinafter “Wanfeng Aowei”) completed the acquisition of core assets of German eVTOL (electric vertical takeoff and landing aircraft) company Volocopter in March 2025. By integrating Volocopter’s cutting-edge technologies in the eVTOL field, including distributed electric propulsion systems and the VoloIQ aviation cloud platform, combined with Wanfeng Aowei’s manufacturing experience in general aviation, they successfully built a multi-scenario product mobility matrix of “fixed-wing + vertical takeoff and landing aircraft + drones.”

Companies in the core component sector are also accelerating technological breakthroughs to seize industry opportunities. Zhejiang Jindun Fan Motor Co., Ltd. established a wholly owned subsidiary, Zhejiang Hanyi Intelligent Propulsion Technology Co., Ltd., in July 2025, dedicated to the research and development and industrialization of ducted fans. In December of the same year, the company disclosed on investor interaction platforms that its research and development ducted fan products had completed ground performance and reliability verification, achieved installation integration with low-altitude aircraft, and successfully verified vertical takeoff, hover flight.

In the field of operational services and scene applications, leading enterprises leverage network deployment and operational qualification advantages to continue advancing large-scale pilot projects in 2025. SF Holding Co., Ltd. launched the country’s first “air-ground coordination” intelligent logistics operation center in Shenzhen in February 2025. In March, the company collaborated with Yifei Aviation to promote a large unmanned transport aircraft line logistics pilot and ordered 100 ES1000 models. In April, they expanded their low-altitude logistics network in Hong Kong and planned 10 takeoff and landing points.

Public information indicates that SF Holding is continuously building a low-altitude logistics network centered on Shenzhen, radiating to major cities in the Guangdong-Hong Kong-Macao Greater Bay Area. They have opened multiple cross-city routes from Shenzhen to Dongguan, Zhongshan, Zhuhai, and others, and launched a “cross-city flying delivery” service for individual users, providing efficient and convenient low-altitude logistics support for the economic development of the Greater Bay Area.

As the industry standard system is implemented, policy support for the low-altitude economy will be further enhanced. The new Civil Aviation Law of the People’s Republic of China is scheduled to come into effect in July 2026.

In this regard, Bo Wenxi, chairman of Zhonghe Kunlun (Beijing) Asset Management Co., Ltd., told Securities Daily that the “four-dimensional integration” standard system constructed by the Guidelines, along with policies such as the new Civil Aviation Law and the “Low-Altitude Economy and Its Core Industry Statistical Classification (Trial),” will provide safety, efficiency, and coordination support for the large-scale development of the low-altitude economy. Over the next one to two years, airworthiness certification, airspace opening, and scene applications will become the core focus of the low-altitude economy, driving it to become one of China’s new engines for economic growth.