Hwa Create plans joint venture to tap low-altitude economy with registered capital of 300 million yuan

Yingboler released its 2026 half-year report, with first-half net profit attributable to the parent company at 118 million yuan, up 216.8% year-on-year. Operating revenue was 2.42 billion yuan, up 77.1% year-on-year; non-GAAP net profit attributable to the parent was 115 million yuan, up 241.8% year-on-year; net operating cash flow was 317 million yuan, down 37.3% year-on-year; earnings per share were 0.3843 yuan. In the second quarter, operating revenue was 1.34 billion yuan, up 62.4% year-on-year; net profit attributable to the parent was 60.87 million yuan, up 130.2% year-on-year. As of the end of the second quarter, total assets were 7.558 billion yuan, up 0.9% from the end of the previous year; net assets attributable to the parent were 3.124 billion yuan, up 2.8% from the end of the previous year. The company's business is mainly concentrated in the new energy vehicle and low-altitude economy sectors. In the new energy vehicle sector, it has become a leading domestic Tier 1 supplier and is actively expanding into new energy commercial vehicles and electric motorcycles. In the low-altitude economy, its eVTOL electric propulsion systems and drone electric propulsion systems have secured project designations from multiple leading companies.

Langjin Technology achieved operating revenue of 321 million yuan in the first half of 2026, supported by its dual-engine strategy of rail transit and new energy. Its international footprint continued to deepen, while new growth areas such as the low-altitude economy and energy storage thermal management accelerated. In the rail transit segment, the company won new contracts for the Grenoble tram project in France and additional orders in Rome, and now has 1,100 units operating across eight overseas cities. It also secured maintenance service orders in five key Chinese cities: Fuzhou, Suzhou, Xi'an, Nanning, and Beijing. In new energy thermal management, the company passed BYD's standard configuration supplier audit for buses and expanded its standard-fit share with manufacturers including CRRC Electric Vehicle, FAW Bus, and Geely Commercial Vehicles. In the low-altitude economy sector, it partnered with leading manufacturers to complete heat pump air conditioning system development for the Volant VE25-100 and COMAC CE25A electric aircraft, and obtained AS9100D aerospace system certification. Cumulative shipments in energy storage thermal management exceeded 80 gigawatt-hours, with innovative products such as an all-in-one integrated liquid cooling unit launched. In addition, the company developed a full range of intelligent variable-frequency heat pump drying products and is advancing intelligent operation and maintenance projects across multiple metro lines.

L2 Aviation and Gotonomi announced a strategic partnership to advance integrated satellite connectivity solutions for uncrewed aerial vehicle and Advanced Air Mobility operators throughout North America. The collaboration combines L2 Aviation's avionics integration and certification expertise with Gotonomi's compact satellite communications technology, enabling reliable command and control, telemetry, and mission data connectivity in areas where cellular, Wi-Fi, and other terrestrial networks are limited or unavailable. The planned solutions will use Gotonomi's lightweight UAV communications technology and access to Viasat's Velaris ecosystem, a satellite service developed for UAV and AAM operations. L2 Aviation joined the Viasat Velaris ecosystem through Galaxy 1 Communications in May 2026, bringing nearly three decades of avionics integration and certification experience to the uncrewed aviation market. The partnership aims to provide a complete aircraft-level solution from system architecture and installation through regulatory approval and operational deployment, with particular opportunities in the energy and government sectors for Beyond Visual Line of Sight operations.