--- title: "LMH makes two investments in frontier technology: 40 million to invest in Benyuan Quantum and 100 million to increase investment in Jueyue Xingchen" type: "News" locale: "en" url: "https://longbridge.com/en/news/289142765.md" description: "LMH accelerates its layout in cutting-edge technology, investing 140 million yuan in June. Among them, 40 million yuan was used to subscribe to Benyuan Quantum shares through a fund, focusing on quantum computing; 100 million yuan was directly invested in Jieyue Xingchen, increasing its stake in the AI large model track. Both invested companies are in the IPO stage, indicating that the company is actively entering strategic emerging industries" datetime: "2026-06-09T06:00:41.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/289142765.md) - [en](https://longbridge.com/en/news/289142765.md) - [zh-HK](https://longbridge.com/zh-HK/news/289142765.md) --- # LMH makes two investments in frontier technology: 40 million to invest in Benyuan Quantum and 100 million to increase investment in Jueyue Xingchen Since the beginning of this year, LMH (600167) has significantly accelerated its investment layout in strategic emerging industries. On June 2, the company announced a subscription of 40 million yuan for private equity fund shares, investing in the domestic first quantum computing company Benyuan Quantum; on June 8, the company confirmed through its investor interaction platform an investment of 100 million yuan in Shanghai Jueyue Xingchen Intelligent Technology Co., Ltd. The total of these two investments amounts to 140 million yuan, focusing on the two tracks of quantum computing and artificial intelligence large models. Coincidentally, both invested companies are in the IPO stage, with Jueyue Xingchen submitting its application as early as June 8, while Benyuan Quantum has already initiated IPO counseling for the Sci-Tech Innovation Board. **40 million yuan "curved" layout for Benyuan Quantum** On June 2, LMH announced that its wholly-owned subsidiary Lhasa Zhongcheng Meichuang Technology Co., Ltd. acted as a limited partner, subscribing to the expanded shares of Zhongcheng Dianshi (Tianjin) Venture Capital Partnership (Limited Partnership) with its own funds of 40 million yuan, accounting for 19.7239% of the total capital after the expansion. The fund primarily invests directly in the equity of Benyuan Quantum Computing Technology (Hefei) Co., Ltd. through equity investment. Benyuan Quantum is China's first quantum computing company and the only quantum computing enterprise in the country listed on the "Entity List" by the United States. The company has completed the iteration of four generations of superconducting quantum computers, with its latest generation of self-developed superconducting quantum computer "Benyuan Wukong-180" equipped with over 180 qubits of superconducting quantum chips, achieving performance at an internationally advanced level. Quantum computing is one of the future industries that the national "14th Five-Year Plan" suggests focusing on, and in recent years it has accelerated its implementation in cutting-edge fields such as financial technology, biomedicine, and artificial intelligence. **100 million yuan investment in Jueyue Xingchen focusing on AI large models** On June 8, LMH clearly responded on its investor interaction platform: the company recently invested 100 million yuan in Shanghai Jueyue Xingchen Intelligent Technology Co., Ltd. through its wholly-owned subsidiary Lhasa Lianhong Technology Development Co., Ltd. Jueyue Xingchen is one of the "Six Little Tigers" of domestic AI large models. The company completed over 5 billion yuan in B+ round financing in January 2026, focusing on the "AI + terminal" strategy and deeply laying out two major consumer scenarios: mobile phones and automobiles. Currently, AI large models are accelerating from technological research and development to commercial implementation, and LMH's investment is expected to share the medium- to long-term growth dividends of this track. **Stable main business provides financial support** The intensive investment layout is supported by the stable cash flow provided by the main business. The 2025 annual report shows that LMH achieved total operating revenue of 3.239 billion yuan, with a net profit attributable to the parent company of 686 million yuan, a year-on-year increase of 4.09%. As of the end of the first quarter of 2026, the company achieved total operating revenue of 1.584 billion yuan and a net profit of 533 million yuan. From the perspective of investment returns, LMH's forward-looking layout has already begun to show results. The company’s previous investment in Dapu Microelectronics was listed on the Growth Enterprise Market in April 2026, with a cumulative increase of over 1500% since its listing, and the highest increase exceeding 10 times Moore Threads has landed on the Sci-Tech Innovation Board in 2025. As of June 9, 2026, the stock price is approximately 612 yuan per share, with a total market value of 287.7 billion yuan. The investment in Moore Threads alone contributed 621 million yuan in other comprehensive income (unrealized gains) in the 2025 annual report of LMH, far exceeding the investment principal of 100 million yuan. In addition, the company's early positioning in hydrogen energy, semiconductors, and robotics is expected to continuously release value as these related industries enter a period of commercialization explosion. Meanwhile, the two main businesses of clean heating and high-speed rail media are operating steadily, providing the company with ample cash flow and an extremely low debt ratio, allowing it to strategically invest in cutting-edge technologies such as quantum computing and AI large models from a long-term capital perspective ### Related Stocks - [600167.CN](https://longbridge.com/en/quote/600167.CN.md) - [301666.CN](https://longbridge.com/en/quote/301666.CN.md) - [688795.CN](https://longbridge.com/en/quote/688795.CN.md) ## Related News & Research - [Trump’s promise of an economic ‘golden age’ collides with reality](https://longbridge.com/en/news/294604285.md) - [Trump says the market is going to go through the roof. His Iran escalation and new tariffs suggest otherwise.](https://longbridge.com/en/news/294577100.md) - [A simple answer to AI job loss: Tax capital, not labor](https://longbridge.com/en/news/294491736.md) - [Analysis: Markets heard a dovish Kevin Warsh. 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