Institutional Research丨AI Applications + LED + Spatial Computing This company has established partnerships with many well-known robot manufacturers domestically and internationally

On February 27, multiple listed companies released investor relations activity record announcements, disclosing their business communication content with institutions, revealing many progress and highlights in their business layouts.

Liantronics: The company has established partnerships with many well-known domestic and international robot manufacturers

Liantronics was surveyed yesterday by Guoxin Securities and Yongying Fund.

During the survey, Liantronics stated that, to date, the company has established cooperation with many well-known robot manufacturers at home and abroad. The cooperation covers hardware sales, motion training, and motion capture training center construction, among other areas.

“Currently, there is a relative lack of motion data that interacts with the real physical world, especially high-quality data, which is a key bottleneck for industry-scale implementation,” Liantronics said. The company relies on leading motion capture technology to precisely address this core shortcoming, providing high-assurance motion data and underlying movement control capabilities for humanoid robots. According to reports, the robot business belongs to the AI and spatial computing sector, which accounts for about 5 percentage points of the company’s total revenue.

In AI toys, the company recently launched an AI interactive product called “Baji” (an electronic badge), which accurately captures current popular emotional consumption, fan economy, and “Guzu” economy scenarios, with a clear target audience. The first product featuring the “Meiyi Liyu” IP, “Baji,” has been well received by fans since its launch. Liantronics stated that it will continue to develop new IPs and build an IP matrix.

In the traditional main LED business, Liantronics revealed that from 2022 to 2024, the company’s Micro LED revenue doubled consecutively. By the first half of 2025, new Micro LED orders signed exceeded 600 million yuan, a year-on-year increase of over 40%. “Due to Micro’s advantages such as ultra-high brightness, ultra-wide viewing angles, infinite contrast, long lifespan, and very low power consumption, the overseas market has a very high acceptance of Micro. By 2025, Micro LED applications in North America have been opened, and the future looks promising.”

Regarding the price increase before the New Year, Liantronics also responded. The company stated that the main reasons for the price hike were rising upstream raw material costs and industry price competition. The company will focus on improving profitability as the core operational goal in this new strategic cycle, breaking out of the vicious cycle of price wars, and will proceed with product R&D, market expansion, and segmentation market cultivation at its own pace.

Liantronics’ core business revolves around R&D, manufacturing, sales, and application promotion of LED display technology, while also expanding into related fields, including AI, spatial computing, and cultural tourism night tours. CICC previously pointed out that the company’s “AI+” strategy continues to deepen, and multi-field layout is expected to fully exert strength. In the secondary market, Liantronics’ stock price rose by 2.15% today, with a 22.11% increase in February.

Wanshun New Materials: The company’s self-developed GaN battery aluminum foil has entered small-batch supply stage

Wanshun New Materials was surveyed yesterday by Huatai Securities, CCB Fund, and two other institutions.

During the survey, Wanshun New Materials revealed that its self-developed GaN battery aluminum foil has entered small-batch supply, enhancing the company’s aluminum processing business development momentum. This product can help improve battery charge/discharge efficiency and cycle stability and is also suitable for sodium-ion battery cathodes and anodes.

It is reported that Wanshun New Materials’ aluminum processing business has formed an integrated industry chain of aluminum sheets, strips, and foils. The company’s total aluminum foil capacity is planned at 255,000 tons, with a 100,000-ton capacity for power and energy storage battery foil projects under construction, which will be phased in and gradually released, with full completion expected before the end of September.

Wanshun New Materials stated that its functional film products mainly include high barrier membranes, dimming conductive films, car wrap films, and energy-saving films. The company is focusing on markets with development potential for functional films this year, especially promoting high barrier membranes in recyclable single-material packaging, expanding the market for conductive films used in automotive dimming sunshades, and developing high-end car wrap and energy-saving films under its own brands to improve capacity utilization and profitability.

In the paper packaging materials sector, Wanshun New Materials said that its products are mainly used for cigarette and liquor packaging. In the first three quarters of last year, sales of high-value-added transfer paper products in the paper packaging materials business increased, slightly boosting overall gross profit levels.

Wanshun New Materials focuses on new materials industry, mainly engaged in aluminum processing, paper packaging materials, and functional film materials. Its performance forecast shows that the company’s net profit attributable to shareholders is expected to reduce losses in 2025. The stock closed up 2.17% today, with a post-holiday increase of 13.84%.

Regarding ETF products, the New Materials ETF by Guotai (159761) closely tracks the New Materials Index, which selects listed companies involved in advanced basic materials, key strategic materials, and frontier new materials to reflect the overall performance of related listed companies in the industry.

(Source: Eastmoney Research Center)