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 track for China’s strategic emerging industries. The industry is currently transitioning from pilot exploration to large-scale, standardized development, with all links in the industrial chain accelerating their layout, and the construction of supporting systems urgently needing improvement. Against this backdrop, the national-level low-altitude economy standard system’s top-level design has been officially released, laying a solid institutional foundation for the high-quality development of the industry.

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 Low-Altitude Economy Standards System (2025 Edition)” (hereinafter referred to as the “Guidelines”). The “Guidelines” clarify that by 2027, a basic low-altitude economy standard system will be established, essentially meeting the safety and healthy development needs of the low-altitude economy. By 2030, there will be more than 300 standards in the low-altitude economy field, with a basic formation of a low-altitude economy standard system that is optimized in structure, advanced and reasonable, and internationally compatible, providing strong support for the safe and healthy development 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 uniform technical rules for each link of the low-altitude economy industrial chain and clarify market expectations, breaking down the barriers to large-scale development caused by standard issues. Listed companies engaged in the low-altitude economy can rely on this system to clarify compliant R&D paths, and by participating in standard formulation, transform technology into core barriers. From a legal perspective, the “Guidelines” integrate mandatory and recommended standards, delineating safety bottom lines while leaving enough room for innovation. Among them, manufacturers of complete aircraft that can participate in or even lead the formulation of standards for electric vertical takeoff and landing aircraft, as well as suppliers that achieve breakthroughs in the localization of core components, are more likely to gain competitive advantages.

In the complete machine manufacturing segment, leading enterprises are taking the lead in layout, with significant results. Zhejiang Wanfeng Aowei Aviation Technology Co., Ltd. (hereinafter referred to as “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 technology 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, it has successfully constructed a multi-scenario product travel matrix of “fixed-wing + vertical takeoff and landing aircraft + drones.”

Companies in the core component field are also accelerating technological breakthroughs to seize industrial opportunities. Zhejiang Jindun Fan Co., Ltd. established a wholly-owned subsidiary, Zhejiang Hanyi Intelligent Propulsion Technology Co., Ltd., in July 2025, specifically advancing the research and industrialization of ducted propellers. In December of the same year, the company disclosed on the investor interaction platform that its under-research ducted fan products had completed ground performance and reliability verification, achieved integration with customers’ low-altitude flying vehicles, and successfully completed vertical takeoff, hovering, and flight verification.

In the operational services and application scenarios sector, leading enterprises are leveraging their network layout and operational qualifications to continuously advance large-scale pilots in 2025. SF Holding Co., Ltd. launched the country’s first “air-ground collaboration” smart logistics operation center in Shenzhen in February 2025. In March of the same year, the company partnered with Yifei Aviation to advance a pilot project for large unmanned transport aircraft and placed an initial order for 100 ES1000 models, and in April of the same year, laid out a low-altitude logistics network in Hong Kong with plans for ten takeoff and landing points.

Public information shows that SF Holding Co., Ltd. continues to build a low-altitude logistics network centered in Shenzhen, radiating major cities in the Guangdong-Hong Kong-Macau Greater Bay Area. It has opened multiple intercity routes, including Shenzhen to Dongguan, Zhongshan, and Zhuhai, and launched an “intercity delivery” service for individual users, providing efficient and convenient low-altitude logistics support for the economic development of the Greater Bay Area.

With the implementation of industry standard systems, policies supporting the low-altitude economy will also be further improved. The new “Civil Aviation Law of the People’s Republic of China” will officially come into effect in July 2026.

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