A new company named Xiong'an Low-Altitude Economy Industrial Development Co., Ltd. was officially registered on June 29, according to corporate registry information. The company boasts a substantial registered capital of 1.7 billion yuan. Its business scope encompasses information system integration services, aviation business services, and the sales of intelligent unmanned aerial vehicles. The company's shareholding structure features a collaborative model of "state capital plus a telecom giant," reflecting a government-enterprise partnership to drive industrial development.

The shareholder lineup is notably extensive, featuring China Mobile Communications Group Hebei Co., Ltd. alongside several secondary companies under China Xiong'an Group. These include: Xiong'an Group Digital City Technology Co., Ltd., China Xiong'an Group Infrastructure Construction Co., Ltd., China Xiong'an Group Ecological Construction Investment Co., Ltd., Xiong'an Xiongshang Development Co., Ltd., China Xiong'an Group Water Co., Ltd., and China Xiong'an Group Smart Energy Co., Ltd..

Xiong'an Group Digital City Technology Co., Ltd. serves as the largest shareholder, representing the official background of the Xiong'an New Area. It is responsible for digital infrastructure like smart city projects, which aligns closely with the core needs of the low-altitude economy, such as airspace management and data platforms.

China Mobile Communications Group Hebei Co., Ltd. is the second-largest shareholder. The entry of this telecom leader will provide critical technological support for the low-altitude economy, including 5G networks, the Internet of Things, and cloud computing. China Mobile has previously been deeply involved in developing national standards for low-altitude operations and was a pioneer in proposing a "four-code integration" regulatory scheme to build a full-lifecycle identification system for drones.

Previously, Xiong'an Group had already collaborated with China Mobile to establish a low-altitude management system described as "1 center + 1 platform + N scenarios," integrating business systems across 16 departments including public security and traffic management. Among the remaining six shareholders, five are wholly-owned subsidiaries of China Xiong'an Group Co., Ltd. The remaining one is also a state-controlled enterprise.

The business scope of Xiong'an Low-Altitude Economy Industrial Development Co., Ltd. is divided into two categories. The first includes general items such as information system integration; technical services and development; aviation business services; sales of aviation transport equipment; data processing; software development; sales and manufacturing of intelligent unmanned aerial vehicles. The second category comprises licensed projects, including general aviation services, public air transport, flight training, surveying and mapping services, construction project work, urban distribution transport, civil airport operations, and internet information services.

The chairman and legal representative of the company is Zhang Shuai, with two other directors, Bai Hua and Yang Yue. Public records show Zhang Shuai joined Xiong'an Group in July 2018, working in departments including planning and construction coordination, infrastructure construction, and digital city companies. Bai Hua previously served as deputy general manager at China Mobile's Zhangjiakou branch and as the overall head of low-altitude operations services for China Mobile in the Xiong'an New Area. Yang Yue joined Xiong'an Group in July 2019.

Details of the New Entity

First, the company's official registration details. According to industrial and commercial information, Xiong'an Low-Altitude Economy Industrial Development Co., Ltd. was established on June 29, with its legal representative being Zhang Shuai and its registered address in Rongcheng County, Hebei Province.

From an equity structure perspective, the company has seven shareholders. Among them, China Mobile Communications Group Hebei Co., Ltd. holds a 26% stake, with a subscribed capital contribution of 44.2 million yuan. The remaining shares are distributed among several core secondary companies under China Xiong'an Group.

Specifically, Xiong'an Group Digital City Technology Co., Ltd. is the largest shareholder with a 31% stake. China Xiong'an Group Infrastructure Construction Co., Ltd. holds 17%. The remaining stakes of 8%, 8%, 5%, and 5% are held by the ecological construction investment, commercial development, water, and smart energy companies, respectively.

What does this signify? It means that from its inception, this company carries the dual advantages of "Xiong'an DNA" and "China Mobile technology." It is not merely a market-oriented private enterprise nor a traditional pure state-owned enterprise, but rather a "combined task force" assembled for a specific strategic objective.

The Strategic Rationale for Partnering with China Mobile

One might ask, could Xiong'an Group develop the low-altitude economy on its own? Why is it necessary to partner with China Mobile, and grant it the position of second-largest shareholder? This touches on the core challenges of the low-altitude economy: communication and perception.

The low-altitude economy is not simply about manufacturing a few drones or conducting aerial photography. When thousands of aircraft shuttle through urban airspace, how do you prevent collisions? How do you ensure they receive commands? How do you guarantee real-time data transmission? This requires a dedicated network covering the low-altitude airspace with high bandwidth and low latency.

This is precisely China Mobile's strength. In recent years, China Mobile has been actively deploying a "Low-Altitude Intelligent Network" and 5G-Advanced integrated sensing and communication technology. This integration means base stations can not only handle communications but also perceive an aircraft's position, speed, and trajectory like radar.

For the Xiong'an New Area, which is dedicated to building a "city of the future," low-altitude transportation must be digital and intelligent. The logic is clear: with Xiong'an Group Digital City Company (the largest shareholder) taking the lead and China Mobile (the second-largest shareholder) providing the underlying network technology support. This is not just a marriage of capital but a technological necessity.

Operational Focus of the New Company

Based on its registered information, the company's business scope is very broad and can be divided into three main areas. The first area involves the "road and bridge" construction of infrastructure. The business scope explicitly mentions "civil airport operation," "transport equipment leasing services," and "construction project work." In the low-altitude economy, take-off and landing sites, parking aprons, and charging piles are the new "roads" and "gas stations." The involvement of Xiong'an Group Infrastructure Construction Company is clearly aimed at providing these necessary hardware facilities.

The second area encompasses the "tools and services" of technology. This includes "intelligent unmanned aerial vehicle sales," "software development," "information system integration services," and "data processing and storage support services." This indicates the company aims not only to be an operator but also a service provider. In the future, whether for logistics delivery or urban inspection in Xiong'an, the underlying dispatch systems and data platforms are likely to be built and maintained by this company.

The third area involves the core operational business activities. This is the most crucial part, including "general aviation services," "public air transport," "urban distribution transport services," "flight training," and even "meteorological information services." Notably, the terms "urban distribution" and "public air transport" carry significant weight. This suggests that future parcel and food delivery in the Xiong'an New Area might indeed come from the sky, and there could even be aerial "public buses."

As a collaboration between a national-level new area and a leader in the communications industry, the significance of this move extends far beyond the establishment of a single new company. It represents an important extension of Xiong'an's digital city construction and an upgrade in the role of telecom operators from traditional communication service providers to providers of low-altitude digital infrastructure services. As this combined model proves successful, it has the potential to incubate replicable low-altitude economy operational solutions, serving as a blueprint for nationwide industrial implementation. With state-backed entities engaging in full-chain layout, the pace at which the low-altitude economy transitions from concept to large-scale implementation is evidently set to accelerate further.