Ge Long Hui·2026-01-21 08:00Core Viewpoint - The report highlights that Xingyu Co., Ltd. is advancing its Micro-LED industry layout by establishing a strategic partnership with ChipLink Integration and Jiufengshan Laboratory, aiming to invest 3 billion yuan in a new Micro-LED technology research and manufacturing project [1] Group 1: Strategic Partnership and Investment - Xingyu Co., Ltd. has signed a strategic cooperation agreement to jointly establish Wuhan Xingxi Guangke Technology Co., Ltd. with ChipLink Integration and Jiufengshan Laboratory [1] - The partnership involves a total investment of 3 billion yuan to develop Micro-LED intelligent lighting technology for automotive applications, optical communication, and AI display [1] Group 2: Industry Development and Goals - The collaboration aims to integrate automotive application scenarios, advanced chip manufacturing, and a national-level pilot platform to create a closed-loop from basic research to engineering mass production [1] - The initiative is expected to accelerate the industrialization and cost reduction of Micro-LED automotive lighting [1] Group 3: Growth Potential and Valuation - The company is extending its reach into high-value areas such as micro-displays and optical interconnects, seeking new growth trajectories [1] - The report anticipates performance growth driven by new vehicle cycles from new force customers and strategic investments in robotics, maintaining a "buy" rating with a target price of 222.42 yuan based on a 28x PE for 2026 [1]