Invest 100 million yuan! Leyard aims to cross-border commercial aerospace

On the evening of February 4, Leyard (300296) announced that the company signed a partnership agreement with Shenzhen Qianhai Junchuan Investment Management Co., Ltd. and others, and planned to invest in Gongqingcheng Road Yingshengyuan Venture Capital Partnership (Limited Partnership). The target subscription scale is 300 million yuan. As a limited partner, the company plans to subscribe for 33.33% of the share with its own funds not exceeding 100 million yuan. The partnership will invest in unlisted companies in the commercial aerospace sector.
Leyard stated in the announcement that this investment aims to actively respond to the strategic direction of the country's aerospace power and new infrastructure, and leverage the professional strength and resource advantages of investment institutions to help the company explore emerging market opportunities and opportunities for rapid development of emerging industries by investing in companies with development potential in the commercial aerospace field, and enhance the company's comprehensive competitiveness.
Leyard invests as a limited partner and bears limited risks. The source of funds for this investment is the company's own funds and will not have a significant adverse impact on the company's production, operations and financial status.
Gongqingcheng Road Yingshengyuan Venture Capital Partnership (Limited Partnership) Equity Structure
At the same time, Leyard reminded that commercial aerospace is a typical technology-intensive and capital-intensive industry, with industry characteristics of high investment, high risk, and high iteration. If the industry The efficiency of large-scale production is not as good as expected, and it is difficult to form economies of scale and scope in the short term; and the investment process may be affected by macroeconomics, industry policies and other factors, and there is a risk of investment failure or loss and the failure to achieve expected returns or goals. In view of the above risks, the company will pay close attention to the operation and management status of the partnership and the status of investment projects to reduce investment risks as much as possible.
It is reported that the commercial aerospace field is booming in the beginning of 2026, from the launch site to the capital market. On January 19, at the Hainan Commercial Space Launch Site, the Long March 12 carrier rocket successfully launched 19 sets of satellite Internet low-orbit satellites into predetermined orbits. Not long ago, the Lihong 1 aircraft completed its first suborbital flight test; the Ceres 1 sea-launched Yao 7 carrier The rocket is expanding the capacity of the Apocalypse constellation using the "one rocket, four stars" model... The intensive launches at the beginning of the year have boosted the popularity of commercial aerospace. 2026 is the first year of the "15th Five-Year Plan", and the goal of "accelerating the construction of a space power" has been included in the national five-year plan key tasks for the first time. Driven by multiple forces such as policy support, capital influx, technology iteration, and demand growth, China's commercial aerospace is accelerating forward. Lead released a performance forecast on January 22, predicting that the net profit attributable to the parent company in 2025 would be 300 million yuan to 380 million yuan, compared with a loss of 889 million yuan in the same period last year, turning a profit year-on-year. During the reporting period, the company achieved net operating cash flow of approximately 1.1 billion yuan, an increase of approximately 70% over the same period last year. The company stated that it will start a new strategic cycle in 2025 to "embrace "AI, pioneering visual effects, achieving the second growth curve" is the development goal, and we deeply explore new opportunities for the company's three major business sectors in the AI era. At the same time, we give full play to the differentiated advantages of each business sector and the synergy of group management, and gradually create an industrial ecological closed loop of "AI + display + cultural tourism". At present, the strategic transformation has achieved phased results, and operating income and gross profit margin have increased. Data show that the core of Leyard's AI and spatial computing sector is motion capture technology and spatial positioning algorithms represented by OptiTrack. Related products and technologies have been used in many industries such as film and television animation, virtual reality, industrial simulation, embodied intelligence, especially humanoid robots. industry applications. It is worth noting that Leyard has accelerated its pace of going overseas. The company stated that despite facing uncertainties in the international environment such as tariffs, as of the end of 2025, the company's overseas display business still achieved growth against the trend compared with the same period in 2024; it continued to promote the company's Micro LED in domestic and foreign markets, especially the North American market, and Micro LED orders achieved good growth, providing strong support for performance improvement.
Material sources: Leyard Announcement, Securities Times, CCTV News, etc.