Investment Rating - The report assigns a "Buy" rating to the company with a target price of 14.06 [4]. Core Insights - The company is the world's first eVTOL enterprise to obtain all three necessary certifications (TC, AC, PC), leading the commercialization process in the industry. The EH216 series and VT series form the core product matrix, providing solutions for various applications such as urban air mobility and aerial media [2][39]. - The low-altitude economy is set to take off, with eVTOL expected to become a primary aircraft in this sector. The domestic eVTOL market is projected to reach a scale of 379.5 billion yuan by 2030 [2]. - The company holds significant first-mover advantages due to its certifications and superior product resources. It has a substantial backlog of domestic and international orders, supported by strong initial production capacity [2]. - Revenue forecasts for 2024-2026 are 434 million, 815 million, and 1.217 billion yuan, respectively, with net profits expected to narrow from losses to a profit of 80 million yuan by 2026 [2]. Summary by Sections Company Overview - The company has established itself as a leader in the urban air mobility sector, having been founded in 2014 and achieving significant milestones, including the launch of the world's first passenger-grade autonomous flying vehicle in 2016 and its listing on NASDAQ in 2019 [39][43]. Low Altitude Economy - The low-altitude economy is gaining traction, with government support and clear airspace divisions facilitating the development of various applications, including logistics, tourism, and emergency services [104][105]. Financial Performance - The company experienced a revenue increase of 165% in 2023, returning to a growth trajectory after a downturn during the pandemic. The net loss has been narrowing, indicating improving financial health [82][86]. Product and Market Position - The company has a diverse product lineup covering various scenarios, including passenger transport, logistics, and emergency response. The EH216 series and VT-30 are pivotal in capturing market share in urban air mobility [65][86].
亿航智能：资质齐全铸就行业龙头，百花待放亿航已摘头筹