The construction of the low-altitude economy standard system is accelerating, and related listed companies are ushering in a new development milestone.

The Securities Daily reporter Wu Yixuan and the trainee reporter Wang Nan

Low-altitude economy is an important track of strategic emerging industries in China. Currently, the industry is moving from pilot exploration to scaled and standardized development. All segments of the industrial chain are accelerating their layouts, and supporting systems and regulations urgently need to be improved. Against this backdrop, the top-level design of the national-level low-altitude economy standard system has been officially released, laying a solid institutional foundation for high-quality development of the industry.

On February 2, ten departments—including the State Administration for Market Regulation, the Central Air Traffic Control Commission, the National Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Transport, and the Civil Aviation Administration of China—jointly issued the Low-Altitude Economy Standards System Construction Guide (2025 Edition) (hereinafter referred to as the “Guide”). The “Guide” clarifies that by 2027, the low-altitude economy standards system will be basically established and will basically meet the needs for safe and healthy development of the low-altitude economy. By 2030, the number of standards in the low-altitude economy field will exceed 300. A low-altitude economy standards system with optimized structure, advanced and reasonable features, and international compatibility will be basically formed, providing strong support for safe and healthy development of the low-altitude economy.

Sun Haohao, a senior partner at Shanghai Haihua Yongan Attorneys-at-Law, said in an interview with The Securities Daily reporter that the “Guide” sets unified technical rules for each link in the low-altitude economy industry chain and clarifies market expectations, breaking down the barriers to scaled development caused by standards issues. Public companies that plan to develop the low-altitude economy can rely on this system to define compliant R&D paths, and by participating in standard-setting, can turn technology into a core competitive moat. From a legal perspective, the “Guide” integrates mandatory and recommended standards. It not only draws a safety bottom line, but also leaves room for innovation. In particular, full aircraft manufacturers that can participate in or even take the lead in drafting standards for aircraft under development, such as electric vertical takeoff and landing aircraft, and suppliers that can make breakthroughs in domestic substitution of core components are more likely to form competitive advantages.

In the full-aircraft manufacturing segment, leading enterprises are moving early and achieving significant implementation results. Zhejiang Wanfeng Aowei Turbine Co., Ltd. (hereinafter referred to as “Wanfeng Aowei”) completed the acquisition of Volocopter’s core assets from Germany’s eVTOL (electric vertical takeoff and landing aircraft) enterprise Volocopter in March 2025. By integrating Volocopter’s cutting-edge technologies in the eVTOL field, including a distributed electric propulsion system and the VoloIQ aviation cloud platform, and combining Wanfeng Aowei’s own manufacturing foundation in the general aviation sector, it successfully built a multi-scenario product travel matrix covering “fixed-wing + vertical takeoff and landing aircraft + unmanned aerial vehicles.”

Enterprises in the core components field are also accelerating technological breakthroughs and seizing industrial opportunities. In July 2025, Zhejiang Jindun Fan Co., Ltd. established a wholly owned subsidiary, Zhejiang HanyI Intelligent Propulsion Technology Co., Ltd., to specifically advance the R&D and industrialization of ducted propulsors. In December of the same year, the company disclosed on an investor interaction platform that its ducted fan products under development had completed ground performance and reliability verification. It achieved installation integration with customers’ low-altitude aircraft and successfully completed verification flights for vertical takeoff and landing and in-air hover.

In the operation services and scenario application area, leading companies rely on network layouts and advantages in operating qualifications to continue advancing scaled pilot projects in 2025. In February 2025, Shunfeng Holdings Co., Ltd. launched the nation’s first “air-ground collaborative” smart logistics operations center in Shenzhen. In March of the same year, the company cooperated with Yifei Aviation to advance a pilot project for large unmanned cargo aircraft branch logistics, and placed the first batch of orders for 100 ES1000 aircraft models. In April of the same year, it laid out a low-altitude logistics network in Hong Kong and planned 10 takeoff-and-landing points.

Public information shows that Shunfeng Holdings Co., Ltd. is continuously building a low-altitude logistics network centered on Shenzhen and radiating major cities in the Guangdong-Hong Kong-Macao Greater Bay Area. It has already opened multiple cross-city routes, including Shenzhen to Dongguan, Zhongshan, and Zhuhai. It also launched a “cross-city air delivery” service for individual users, providing efficient and convenient low-altitude logistics support for economic development in the Greater Bay Area.

As the industry’s standards system is implemented, policy support for the low-altitude economy will be further improved. The newly revised 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 Zhongyang Kunlun (Beijing) Asset Management Co., Ltd., told The Securities Daily reporter that the “four-dimensional integrated” standards system constructed by the “Guide” and policy alignment with the newly revised Civil Aviation Law of the People’s Republic of China and the Low-Altitude Economy and Its Core Industries Statistics Classification (Trial) and other policies will provide safe, efficient, and collaborative support for scaled development of the low-altitude economy. Over the next 1 to 2 years, airworthiness certification, airspace opening, and scenario applications will become the key highlights of the low-altitude economy, driving it to become one of the new engines for economic growth in China.