Huaxin Securities: Give Lansitech a "buy" rating, strategically acquire YXB Technology - enter the Nvidia ecosystem.

According to Huaxin Securities research report, Lanshi Technology strategically acquired Yuanshi Technology, entering the NVIDIA ecosystem and improving AI hardware layout. As one of only five companies globally holding NVIDIA RVL certification, Yuanshi Technology has provided core components such as MGXRack racks and slide rail systems for NVIDIA's GB200/GB300 series, and has officially entered NVIDIA's next generation flagship server VeraRubin development team, playing a core development role and deeply participating in the research and implementation of critical hardware on this platform. As a company famous in the global supply chain for manufacturing smartphone glass cover plates, Lanshi Technology has achieved steady growth and collaborative evolution in the smart car and consumer electronics businesses through technological upgrades and value enhancement in its traditional advantage areas. In the AI edge hardware field, the company has been laying out since 2016. On November 18, 2025, Lanshi Intelligent Robot Yian Park was officially put into use, with the ability to produce 10,000 units/sets of large-scale automated equipment and 500,000 intelligent robots with unique identities and other AI hardware products annually. This acquisition signifies Lanshi's extension from AI edge hardware to fundamental computing power infrastructure, completing the "end + computing power" ecosystem loop and providing hardware support for the global AI industry. While optimistic about the company's steady growth in consumer electronics business, actively expanding AI hardware business, and giving a "buy" investment rating.