Leyard(SZ:300296) Ge Long Hui·2025-12-10 12:07Core Viewpoint - The company, Liad (300296.SZ), is currently focusing on its AI and spatial computing sectors, with a significant portion of its revenue derived from partnerships with leading firms, particularly in the U.S. market [1] Group 1: AI and Spatial Computing Business - The AI and spatial computing segments account for approximately 5% of the company's overall business [1] - Over 80% of the revenue from these segments comes from a partnership with a U.S. company, NP, which primarily employs technical personnel [1] - The business model in this area is mainly centered around hardware sales [1] Group 2: Domestic Virtual Motion Business - The domestic virtual motion business focuses on the embodied intelligence industry, classified as a strategic emerging industry [1] - Collaborations with robotics manufacturers are primarily customized, covering various aspects such as hardware sales, data provision, and motion training [1] - The company has implemented or won bids for multiple projects related to the construction of robot data training centers, with most projects being charged on a per-project basis [1]