arcadeup| The concept of low-altitude economy is open to the wind: Pay attention to the core of infrastructure construction "synaesthetic integration"

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Source: wealth Investment Network

Recently, the concept of low-level economy in the A-share market has frequently risen and stopped, and the subsequent boom in the concept of low-level economy will continue, so how to explore investment opportunities in the field of low-level economic concept segmentation? According to the analysis of market participants, around the field of infrastructure construction of low-altitude economy, that is, "low-altitude infrastructure" may become one of the segments of market concern, the relevant listed companies deserve attention, such as Kangli Elevator (002367), which has created a relatively complete industrial chain in the areas of general aviation services, innovative applications of general aviation equipment and low-altitude infrastructure. According to the analysis of people in the industry, infrastructure construction is the primary prerequisite for the development of low-altitude economy. 5Arcadeup.5G synaesthesia integration is considered to be the most critical link in low-altitude infrastructure. Kangli Elevator (002367) once strategically invested Jiangsu Tianyi Aviation Industry Co., Ltd. (holding nearly 15%) cooperated with Huawei to establish 5G Aviation Technology Innovation Center. as a result, it has established a technological advantage in the core link of low-altitude infrastructure, 5.5G synaesthesia integration technology.

The hottest hot plate in the A-share market this week is undoubtedly the concept of low-altitude economy. On the basis of the crazy rising and stopping waves of low-level economic concept stocks on Wednesday and Thursday, low-level economic concept stocks continued to dominate the screen on Friday. Weiao shares (605001), Wanan Technology (002590), CITIC Haizhi (000099), and Zhongheng Design (603017), the strong varieties of these low-level economic concept stocks have been blocked by the daily limit for three consecutive trading days. Andaville (300719) is the stock price for two consecutive trading days 20CM limit! Other low-level economic concept stocks that rose by more than 10% this Friday include Lihang Technology (603261), Giant Hi-Tech (300845), Wanfeng Aowei (002085), Leo Planning (300989), Shenzhen City Jiao (301091), Century Dingli (300050), Jieqiang equipment (300875), Zong Shen Power (001696), Yongyue Technology (Rights Protection) (603879), Ruifeng High Materials (300243), Xinxiang Chemical Fiber (000949), Jianxin shares (300107), Suzhou Planning (301505), New City (300778), Alleda (300696), etc. Various signs have fully shown that in the context of the continuous positive policy, low-level economic concept stocks have once again become the main hot tuyere in the current A-share market! So, how to tap investment opportunities in low-level economic segments? According to the analysis of market participants, the future can explore the investment opportunities in the subdivided areas of the concept of low-altitude economy from the combination of two dimensions. On the one hand, there is news that Jiangsu accelerates the layout of "low-altitude economy". There is no doubt that Jiangsu's local listed companies have a more obvious first-mover advantage in the race track of low-altitude economy. Jiangsu also has a number of listed companies that have become hot concept stocks in the process of low-altitude economic market speculation. On the other hand, infrastructure construction is the primary prerequisite for the development of low-altitude economy, and 5.5G synaesthesia integration is considered to be the most critical link in low-altitude infrastructure. Therefore, listed companies with related concepts may usher in market attention.

Competing for industrial highlands, Jiangsu accelerates the layout of "low-altitude economy". A number of listed companies in Jiangsu have become hot concept stocks in the low-level economic plate.

As the representative of the new productivity, the low-altitude economy has attracted much attention recently. During the two sessions of the National people's Congress this year, the low-altitude economy was included in the government work report for the first time and included as one of the key tasks for the country to cultivate emerging and future industries in 2024.

On February 20, 2024, Xinhua Daily, the organ of the Jiangsu Provincial Committee of the Communist Party of China, focused on the low-altitude economy and published two major articles-- "written in the work report of the provincial government for the first time, and initially formed an industrial ecosystem-- rising against the wind." low-altitude economy is ready to fly "and" develop low-altitude economy to compete for the "Sky City". The article points out that low-altitude economy is an economic activity based on low-altitude airspace. The general aviation industry, which has developed rapidly in the past decade, is part of the low-altitude economy, and the manufacture and application of drones is also an important part of the low-altitude economy. The article holds that the development of "low-altitude economy" should establish a national unified space-time framework standard for low-altitude airspace, and promote the construction of the "four networks" of facilities network, air network, route network and service network to support low-altitude economy. we will promote the integrated development of low-altitude economy, Internet of things, big data, new energy and other technologies and industries.

In fact, this year's Jiangsu government work report also states that great efforts will be made to develop emerging industries such as biological manufacturing, smart grid, new energy, low-altitude economy, and so on. This is the first time that the low-level economy has been included in the work report of the Jiangsu government.

To seize the tuyere and accelerate the competition for the "low-altitude city", Jiangsu has a good factor reserve.

Rising in the wind, the new quality burst out new vitality. Jiangsu started early in the field of low-altitude economy, has rich low-altitude resources, has a complete industrial chain and innovation chain, has a certain foundation in technological innovation, personnel training, industrial planning and other fields, and the industrial ecology has been initially formed.

The general aviation industry, which has grown rapidly over the past decade, is part of a low-altitude economy. According to the "General Airport Information Management system" sponsored by the Airport Department of the Civil Aviation Administration of China, there are seven general airports in Jiangsu that have obtained a "license (Golden Kirin analyst) Certificate", two in Yancheng, two in Xuzhou, and one in Wuxi, Changzhou and Zhenjiang. In addition, there are 24 registered general airports in Jiangsu.

"to develop new-quality productive forces, first of all, we must have innovative resources, especially those with subversive frontier scientific and technological innovation resources, and the advantages are particularly obvious in Jiangsu." Hong Yinxing, an economist and professor at Nanjing University, said, "Jiangsu is at the forefront of the layout of research universities and research institutions in the country." In Jiangsu, especially in southern Jiangsu, the status of enterprises as the main body of technological innovation is very prominent, and the advantages of scientific and educational resources and industrial innovation are also very obvious. "

A reporter from the Securities Times learned that Jiangsu Province is currently in the process of preemptive layout in the field of low-altitude economy and competing for industrial highlands. Wuxi, Suzhou and other places have held low-altitude economic and high-quality development work promotion meetings, and expressed the need to build a national low-altitude economic demonstration zone.

The implementation Plan for the High-quality Development of Suzhou's low-altitude economy (2024-2026) issued in February this year mentioned: strive to build Suzhou into a national low-altitude economic demonstration zone by 2026, and strive to gather 500 enterprises related to the industrial chain, with an industrial scale of 60 billion yuan.

At the conference on promoting low-altitude economic development in Suzhou held on April 18, Suzhou issued three important policies, planning the future with clear goals, building engines with real money and silver, and promoting development with strong measures.

It is understood that Suzhou will also vigorously develop urban air traffic (UAM) new business type. Strengthen communication and cooperation with all parties, co-ordinate the promotion of low-altitude flight services such as short-haul flights, official flights, and commercial flights within and between cities, build a low-altitude route layout of "passage + network", and "build Suzhou as the center. Radiate the air corridors of the east, south, west and west, and promote the connection between Suzhou and the surrounding transport airports. New aircraft applications such as electric vertical take-off and landing aircraft (eVTOL) and large and medium-sized drones are encouraged to promote highly time-effective manned and cargo flights in an orderly manner, so as to effectively ensure diversified passenger and cargo transport needs. "

A reporter from the Securities Times noted that at least 15 listed companies in Jiangsu are involved in the concept of low-altitude economy, including Sujiaoko (300284), Shangluo Electronics (300975), Les Information (688631), Yongyue Technology (603879), Zhongheng Design (603017) and other popular concept stocks. Relevant listed companies have responded to low-altitude economy and flying car business through announcements or interactive platforms.

It is worth noting that Kangli Elevator (002367), a listed company located in Wujiang District, Suzhou, Jiangsu Province, is the leader of Jiangsu listed companies deeply involved in the low-altitude economy. Kangli Elevator (002367) not only controls Xinda Kowloon (Suzhou) General Aviation Co., Ltd. (90%), but also holds a nearly 15% stake in Jiangsu Tianyi Aviation Industry Co., Ltd. Among them, Xinda Kowloon (Suzhou) General Aviation Co., Ltd., which is controlled by Kangli Elevator (002367), is one of the most representative general aviation enterprises in Jiangsu Province. Jiangsu Tianyi Aviation Industry Co., Ltd., an associate of the company, not only has a first-mover advantage in the innovation and application of general aviation equipment, but also is a low-level economy enterprise of Huawei department and a production enterprise of Huawei 5G intelligent low-level economy. As a benchmark enterprise in Jiangsu Province, Huawei & Tianyi 5G Aviation Technology Innovation Center, a technology platform in close cooperation with Huawei Technology in the hot direction of low-altitude infrastructure.

In early January this year, Wujiang District of Suzhou City clearly defined the development goals of the low-altitude economy in this year's government work report, such as building more than 10 low-altitude aircraft take-off and landing sites, and supporting some enterprises to actively expand the low-altitude industrial chain. in logistics and transportation, air tours, medical care, emergency rescue and other areas of the first test.

According to public data, as early as August 002367, Suzhou Xinda escalator parts Co., Ltd., a wholly-owned subsidiary of Kangli Elevator (2020), has established Xinda Kowloon (Suzhou) General Aviation Co., Ltd., a joint venture with Jiangsu Jintian Kowloon General Aviation Co., Ltd. registered in Wujiang District, Suzhou. Among them, Kangli Elevator (002367) has a 90% stake in Xinda Kowloon (Suzhou) General Aviation Co., Ltd.

According to public data, Jiangsu Jintian Kowloon General Aviation is headquartered in Jiangsu Blue Sky Aerospace Industry Park, and its business covers business, private flight license training, air tours, aerial photography, aerial photography, aircraft escrow and other fields. It is the first general aviation operator in northern Jiangsu Province. The two major shareholders of Jiangsu Jintian Kowloon General Airlines are Jintian International Medical Technology Group and natural person Ma Haibing, with a shareholding ratio of 45.9% and 44.1% respectively. Among them, Jintian International Medical Technology Group has been deeply engaged in the large health industry for more than 30 years, and as early as 2017 carried out a strategic reorganization of Jiangsu Kowloon General Aviation, which was the leading navigation operation company in Jiangsu Province at that time, and realized the marriage of general aviation and large health industry. In 2018, at the first China International Import Expo, Jintian International Medical Technology Company bought 300 AT-3 general-purpose aircraft, 100 WILLGA floating aircraft and 100 WILLGA business aircraft from Ereott Technology Company of Poland. With the strong capital and industrial support of Jintian International, Jiangsu Jintian Kowloon General Aviation has now created a whole industry chain of general aviation aircraft from research and development, manufacturing, sales to maintenance services.

What is noteworthy is that Jiangsu Tianyi Aviation Industry Co., Ltd. (formerly known as Jiangsu Tianyi Airport Special equipment Co., Ltd.), which is nearly 15% owned by Kangli Elevator (002367), is a professional manufacturer of aviation special equipment, including general aviation, a national high-tech enterprise and a domestic industry standard setter, and ranks among the top three in the national airport special equipment industry. Its business scope includes aviation ground equipment, aircraft maintenance equipment and tooling equipment. Jiangsu Tianyi Aviation Industry Co., Ltd. is also a low-altitude economy enterprise of Huawei series and a manufacturer of Huawei 5G intelligent low-altitude economy. Its wholly-owned subsidiary Shanghai Tianyun Application Technology Co., Ltd. is a technology platform around low-altitude infrastructure in cooperation with Huawei.

Recently, the Ministry of Industry and Information Technology and other four departments jointly issued the "General Aviation equipment Innovation and Application implementation Plan (2024-2030)" (hereinafter referred to as "the program"), which put forward phased development goals. to draw a road map for promoting the high-quality development of the general aviation industry and cultivating a trillion-level market scale with a low-level economy. The "plan" points out that by 2027, the supply capacity and industrial innovation capability of China's general aviation equipment will be significantly improved, and the basic system of modern general aviation will be basically established. the new general aviation equipment characterized by unmanned, electric and intelligent technology will achieve commercial application in urban air transportation, logistics and distribution, emergency rescue and other fields.

Obviously, the "innovative Application implementation Plan of General Aviation equipment (2024-2030)" jointly issued by four departments, including the Ministry of Industry and Information Technology, is undoubtedly good for Jiangsu Tianyi Aviation Industry Co., Ltd., which is a large strategic investment in Kangli Elevator (002367).

Low-altitude economy infrastructure comes first: infrastructure construction is the primary prerequisite for the development of low-altitude economy

The latest research report of open source securities points out that low-altitude economy is becoming a "new track" for industrial development. 2024 is the first year of low-altitude economic development, and infrastructure construction is the primary prerequisite for the development of low-level economy. The framework of low-altitude economic infrastructure consists of four "networks", namely "facility network", "air network", "air network", "route network" and "service network".

With the recent issuance of the General Aviation equipment Innovation and Application implementation Plan (2024-2030), the low-altitude economy has substantial policy support. According to the implementation plan, the integration of low-altitude infrastructure into urban construction planning is encouraged.

According to industry insiders, low-altitude infrastructure, or a trillion-level Blue Ocean track, and in low-altitude infrastructure, the core and most critical infrastructure is 5.5G synaesthesia integration.

What is 5.5G synaesthesia integration?

In short, it is the integration of communication perception, which is the core driving force of low-altitude economy. Synaesthesia integration technology is an innovative scheme that integrates communication and perception functions. By integrating key infrastructure such as communication base stations, satellite communications and positioning, and unmanned aerial vehicles, a collaborative network system is formed. Seamless communication and high-precision sensing services are provided, and perceptual signals, communication signals and positioning signals can interact with the background in time to achieve efficient scheduling. At the same time, it can also achieve low-altitude security. Including intrusion detection, UAV supervision, etc., to support a variety of applications in the field of low-altitude economy.

5.5G, also known as 5G-A, is a mobile communication technology in the transitional stage between 5G and 6G. Compared with the 5G network, the 5.5G network increases about ten times in connection rate, delay and reliability, and is expected to achieve millisecond delay and low-cost hundreds of billions of things.

Taking the low-altitude aircraft as an example, the 5.5G synaesthesia integrated base station can monitor and analyze the flight data of the low-altitude aircraft in real time, which provides a solid technical guarantee for the safe operation of the low-altitude aircraft. The launch of 5.5G synaesthesia integrated base station marks a new stage of development of low-altitude economy.

At the same time, through the seamless docking with the intelligent platform, the 5.5G synaesthesia integrated base station can effectively identify and deal with illegal flight behavior, which greatly improves the level of low-altitude security.

It can be said that 5.5G synaesthesia integrated base station is the nerve center of low-altitude economy.

Recently, a number of securities firms have released the latest research report on 5.5G synaesthesia integration. According to the latest research report released by Citic Securities, synaesthesia integration is expected to become the core infrastructure of the low-altitude economy.

Citic Securities believes that at present, operators are actively promoting the landing of the 5G-A pilot project, which is expected to achieve network commercial use in 300 cities across the country this year. The integration of synaesthesia is expected to solve the problem of insufficient monitoring and control in low-altitude flight, which is a relatively effective and feasible scheme.

Northeast Securities said that the low-altitude economy has just entered a new stage of communications, low-altitude communication, perception, navigation and other security capabilities are insufficient, the airspace is difficult to achieve effective control and services is the current problems facing the industry. The core of low-altitude economic informatization is "synaesthesia", which will be the first to land as a key infrastructure.

Minsheng Securities said that the low-altitude economy calls for the integration of 5G-A synaesthesia. Due to the dense low-altitude buildings, poor stability of satellite navigation signals, and low economy of radar intensive deployment, the integrated construction of 5G-A synaesthesia based on the upgrading of original urban base stations may be a feasible solution. In the first year of commercial 5G-A, operators are promoting the integration of communication awareness to complete pilot projects such as low altitude / shipping.

Citic Construction Investment Securities said that synaesthesia integration is the only way to upgrade the communication network, is an important supporting condition for low-altitude economic development, and will continue to enrich with the development of low-altitude applications. It is suggested to focus on the industrial chains such as 5G-A base station construction, special network communication equipment and command and dispatching system, satellite navigation and satellite communication, Internet of things module and so on.

Zhongtai Securities also said that the integration of 5G-A synaesthesia will enable a low-altitude economy. At present, the pain point of communication network faced by low-altitude flight is that the effective coverage height of the existing wireless communication network (4G/5G network) is about 150m. At present, the fastest and convenient network mode that can be realized is 5G-A network, and the main evolution features of 5G-An include synaesthesia integration, integration of heaven and earth, network intelligence and interactive communication.

From April 16 to 18, the "2024 Global 6G Technology Conference" was held in Nanjing. On the first day of the "6G in the Global" forum, the chief scientist of China Telecom, Fellow and IEEE Fellow of Bell Laboratories, shared their thoughts on low-altitude economy, which is of vital significance for operators to expand 5G space and promote 6G development.

Prior to this, at the World Mobile Communications World Congress (MWC 2024) held in Barcelona, Spain, in late February this year, China Telecom released the "synaesthesia all-in-one low-altitude Network White Paper", which aims to unite global operators, equipment manufacturers and service providers to build a global industrial chain of the low-altitude drone industry, provide intelligent and diversified low-altitude experiences for the industry, and promote the rapid development of the emerging low-altitude economy.

According to relevant reports, the commercial deployment of 5G-A synaesthesia integration technology is in full swing all over the country. At the end of March this year, China Mobile launched its first 5G-A commercial deployment in Hangzhou, and plans to expand to more than 300 cities across the country by the end of this year, building the world's largest 5G-A commercial network. At the same time, various localities have carried out the verification and scale pilot of the key technologies of 5G-A synaesthesia integration in the whole scene of water, land and air. It is generally believed that synaesthesia integration technology will become an important application scene in the future 5G-An and even 6G phase, especially in the field of low-altitude economy.

So the question is, who is the leader in the key technologies of synaesthesia integration? There is no doubt that it must be Huawei.

In August 2021, China Mobile and Huawei jointly signed the Memorandum of Action Plan for the Integration of 5G-Advanced Innovation chain Industry chain, which will continue to build innovation chain and enrich industry chain on the new track of synaesthesia integration.

On December 30th, under the guidance of IMT-2020 (5G) Promotion Group of China Information and Communication Institute, Huawei completed the world's first all-in-one communication awareness technology verification for 5G-Advanced in Huairou outfield, Beijing.

Huawei, organized by the IMT-2020 (5G) propulsion group, has first-measured microdeformation and ocean ship sensing monitoring capabilities based on 5G-A synaesthesia fusion technology, and verified the synaesthesia-enhanced performance of drones in low-altitude scenarios, according to a post on Huawei's official Wechat account on Oct. 22, 2023.

In late December 2023, Fujian Mobile and Huawei cooperated with Huawei in the area along the Xiamen Marathon track and took the lead in completing the synaesthesia capability verification of low-altitude multi-station continuous networking by using 5.5G synaesthesia technology. It is understood that the verification is based on the 4.9GHz band and uses 5.5G synaesthesia technology to realize the detection and timely early warning of many unmanned aerial vehicles below 120m in the low altitude of the city. This is not only the first time in the world to use 5.5G synaesthesia base station continuous network for urban low-altitude target detection and early warning, but also a major breakthrough in the practical application of 5.5G technology.

At the same time, in late December 2023, in the vicinity of the Qiantang River Olympic Sports Center in Hangzhou, Zhejiang Province, China Mobile Research Institute and Zhejiang Mobile United Huawei to achieve the world's first 5G-A synaesthesia base station low-altitude scene multi-station collaborative test and verification, indicating that synaesthesia technology has the initial scale application capability.

On January 5, 2024, Yunnan Mobile, together with Huawei, completed the first low-altitude pilot of 5G-A synaesthesia in Erhai Lake. Officials say this marks the landing of key 5G-A technologies in Yunnan and opens a new chapter in western China Mobile's synaesthesia that empowers a low-altitude economy.

Huawei said that synaesthesia fusion is a key research direction of communication technology and is of great economic value to social development. Huawei will continue to support the experimental work of the 5G Propulsion Group, bringing synaesthesia fusion technology into more application scenarios such as low-altitude economy, intelligent ocean, high-level autopilot and micro-deformation safety detection, so as to enable digital and intelligent social transformation.

It is particularly worth mentioning that, as the "leader" of 5.5G synaesthesia integration, Huawei chose Jiangsu Tianyi Aviation Industry Co., Ltd. as its partner, and the two sides signed a comprehensive cooperation agreement to set up Huawei Tianyi 5G Technology Innovation Center (TH5G), so as to seize the new infrastructure opportunities in the low-altitude economy and help civil aviation build a smart airport.

According to public data, Jiangsu Tianyi Aviation Industry Co., Ltd., founded in 2011, is a professional manufacturer of aviation special equipment, a national high-tech enterprise and a domestic industry standard setter, and ranks among the top three in the national airport special equipment industry. Its business scope includes aviation ground equipment, aircraft maintenance equipment and tooling equipment. Most importantly, the company is a manufacturer of Huawei 5G smart low-altitude economy.

According to previous reports, Huawei signed a comprehensive cooperation agreement with Jiangsu Tianyi Aviation Industry Co., Ltd. on May 30, 2020 to establish Huawei Tianyi 5G Technology Innovation Center (TH5G). Huawei & Tianyi 5G Aviation Technology Innovation Center Co., Ltd. (TH5G) is located in Shanghai Dahongqiao Airport. As Huawei's 8th global R & D center, Huawei focuses on the R & D, application and operation of 5G technology in aviation and related airport intelligent equipment, so as to seize the opportunity of national 5G new infrastructure and inject strong 5G kinetic energy into innovation. To help civil aviation realize the construction of "Ping an Airport, Wisdom Airport, Green Airport and Humanistic Airport".

Experts from the Ministry of Industry and Information Technology believe that the establishment of Huawei Tianyi 5G Technology Innovation Center will efficiently promote both parties to participate in the new 5G infrastructure fields of civil aviation, airports, general aviation and related transportation hubs, help civil aviation (airport) to achieve the goal of digital and intelligent transformation, and realize the networking of 5G vehicles and the intelligence of 5G special vehicles of Jiangsu Tianyi Aviation Industry Co., Ltd. And the core leading enterprise status goal of related 5G intelligent equipment.