Leyard responded on an interactive platform to investor questions about former Virtual Point CEO Liu Yaodong leaving to start a business in embodied intelligence, saying that the career plans of departing employees are personal choices and the company respects their decisions. The new management team will proceed according to the established strategy, and the company emphasized it will continue to optimize incentive mechanisms to strengthen core team stability. The company's first-quarter 2026 operating revenue was 1.3 billion yuan, down 21.6% year-on-year. Net profit attributable to shareholders was only 17.01 million yuan, a year-on-year plunge of 77.8%. Deducted non-recurring net profit was just 3.49 million yuan, down 94.3% year-on-year, as performance suddenly came under pressure. Leyard attributed the decline to market environment divergence and intensifying price competition, and said it is advancing management cost reduction and efficiency improvement, planning to expand its advantages in European and American markets to improve operations. The company adheres to a technology differentiation route, with annual R&D investment in recent years accounting for about 5% of total revenue, and cumulative investment over five years of nearly 2 billion yuan, focusing on cutting-edge areas such as Micro LED and AI integration. In the secondary market, Leyard closed up 2.49% at 5.36 yuan on July 31, with a total market capitalization of about 14.536 billion yuan, and a cumulative decline of about 14% for the year.
Leyard OptoelectronicFirst-quarter net profit plunged 77.8% due to market divergence and price competition.