(Yicai) March 13 -- Several listed Chinese companies related to the low-altitude economy have provided business updates after the sector was noted for the first time in the Government Work Report and following the maiden flight by Xpeng Motors' aerial vehicle in Guangzhou.

Zhejiang Jindun Fans' electric ducted fan for flying cars developed in collaboration with Tsinghua University is still in the research and development phase and has not been applied yet, the mechanical equipment maker said late yesterday.

Shares of Jindun Fans [SHE: 300411] closed down 4.5 percent at CNY10.31 (USD1.43) apiece in Shenzhen today. The stock had surged by its daily trading limit in four of the last six trading days, with its price nearly doubling since March 4.

Auto parts manufacturer Xiangyang Changyuan Donggu Industry said that its previously announced project about an order from a flying carmaker was still in development.

Changyuan Donggu [SHE: 603950] ended 5.3 percent down at CNY16.68 a share today. The stock had soared 25 percent in the last six trading days.

Chengdu Lihang Technology's main business includes aircraft ground support equipment, process equipment, parts processing, and parts assembly, it noted. Its business has remained unchanged since it went public, but it has not generated any revenue from the low-altitude economy sector yet, it added.

Shares of Lihang Technology [SHA: 603261] surged by their 10 percent daily trading limit to close at CNY45.84 apiece today. The stock jumped by the exchange-imposed limit for the seventh consecutive day, bringing its total gain to 95 percent.

According to Soochow Securities, China's low-altitude economy market can reach CNY1 trillion (USD139.1 billion). In screening investment opportunities, early-stage infrastructure building and aircraft manufacturing are key directions, it said.

Construction of airport infrastructure, airspace management, and flight digitization are areas worth attention, Soochow Securities noted. In addition, there are potential opportunities for aircraft or parts suppliers in the electric vertical take-off and landing vehicle supply chain.

Editor: Martin Kadiev