The construction of the low-altitude economy standard system is accelerating, and related listed companies are ushering 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 moving from pilot exploration to large-scale and standardized development, with various links in the industrial chain accelerating their deployment, and the supporting institutional framework urgently needing improvement. Against this background, the top-level design of the national low-altitude economy standard system has been officially released, laying a solid institutional foundation for the industry’s high-quality development.

On February 2, the State Administration for Market Regulation, the Central Air Traffic Control Office, the National Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Transport, the Civil Aviation Administration of China, and other ten departments 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, sufficiently meeting the needs for safe and healthy development in the low-altitude economy. By 2030, the number of standards in the low-altitude economy field will exceed 300, with a structure optimized, advanced, reasonable, and internationally compatible standard system forming, providing strong support for the safe and healthy growth of the low-altitude economy.

Sun Yuhao, a senior partner at Shanghai Haihua Yongtai Law Firm, stated in an interview with 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 the barriers to large-scale development caused by standardization issues. Listed companies involved in the low-altitude economy can rely on this system to define compliant R&D pathways and transform technology into core competitive barriers through participation in standard-setting. From a legal perspective, the “Guidelines” integrate mandatory and recommended standards, delineating safety bottom lines while leaving room for innovation. Notably, complete aircraft manufacturers capable of participating in or even leading the formulation of standards for electric vertical takeoff and landing aircraft, as well as suppliers that have achieved breakthroughs in domestic substitution of key components, are more likely to develop competitive advantages.

In the complete aircraft manufacturing sector, leading enterprises have taken the lead in deployment, with notable results. Zhejiang Wanfeng Aowei Aviation Co., Ltd. (hereinafter “Wanfeng Aowei”) completed the acquisition of core assets from the 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—along with Wanfeng Aowei’s own manufacturing experience in general aviation, they successfully built a multi-scenario mobility product matrix of “fixed-wing + vertical takeoff and landing aircraft + drones.”

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

In the fields of operational services and scenario applications, leading enterprises are leveraging their network deployment and operational qualifications to continue scaling pilot projects in 2025. SF Holding Co., Ltd. launched the country’s first “air-ground coordination” smart logistics operation center in Shenzhen in February 2025. In March, the company partnered with Yifei Aviation to pilot large unmanned transport aircraft logistics routes and placed an initial order for 100 ES1000 models. In April, it expanded its low-altitude logistics network in Hong Kong and planned ten takeoff and landing points.

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

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.

Regarding this, Bai Wenxi, chairman of Zhonghe Kunlun (Beijing) Asset Management Co., Ltd., told Securities Daily that the “four-dimensional integration” standard system built into the “Guidelines” aligns with the new “Civil Aviation Law of the People’s Republic of China” and the “Statistical Classification of the Low-Altitude Economy and Its Core Industries (Trial),” providing safe, efficient, and collaborative support for the large-scale development of the low-altitude economy. Over the next one to two years, key focus areas such as airworthiness certification, airspace opening, and scenario applications will become core highlights, driving the low-altitude economy to become one of China’s new engines of economic growth.