MaHui Portfolio Company Weijiu Photoelectronics Closes Hundreds of Millions of Yuan in Pre-A Round, Funds to Go Toward Mass Production Line Construction

Recently, MaHui member Weijiu Optoelectronics officially announced the completion of a Pre-A round worth several hundred million RMB, marking the company's third major funding round within a single year. The capital will be fully directed toward production line construction, core process iteration, and bulk delivery to key domestic and international customers — laying the groundwork for subsequent large-scale capacity expansion.

Source Code Capital was the company's angel-round investor.

This round was co-led by the Beijing New Materials Industry Investment Fund and Changjiang Securities Innovation Investment, with follow-on participation from listed company Ningbo Xingyang Technology (Guangyang Co.), Foshan Nanxin Fund, Wuhan Optics Valley Sci-Tech Innovation Investment, and YuanChuang Duoying. The diverse investor matrix — comprising state-owned industrial guidance funds, securities firm direct-investment platforms, listed companies along the industrial chain, and local sci-tech capital — reflects both market consensus on the explosive growth potential of the Micro LED micro-display sector and strong industry endorsement of Weijiu Optoelectronics' technical approach, mass production capabilities, commercialization progress, and industrialization prospects.

The lead investors in this round bring substantial industrial empowerment capabilities. The Beijing New Materials Industry Investment Fund focuses on hard-tech sectors including electronic information materials and specialty functional materials, and has already established a full-chain layout in the AR optics domain spanning "upstream materials — optical modules — end devices." With deep linkages to Beijing's AR terminal industry cluster, it will help Weijiu Optoelectronics precisely connect with high-quality upstream core material and downstream device resources. Changjiang Securities Innovation Investment, a wholly-owned alternative investment subsidiary of Changjiang Securities, has deep expertise in information technology and advanced manufacturing. Leveraging comprehensive securities services, it will provide full-cycle support for the company's investment and financing activities and capital market planning, helping the enterprise integrate industrial and capital channels.

The follow-on investor lineup achieves comprehensive coverage of upstream and downstream resources: Guangyang Co. has established deep positions in intelligent hardware and in-vehicle electronics, with its precision electronics business segment covering high-precision circuit boards for smart glasses and in-vehicle cameras, enabling industrial chain synergy with Weijiu Optoelectronics in "display devices + precision carrier boards" to jointly optimize overall display module performance. Foshan Nanxin Fund draws on the scientific research platform advantages of the Guangdong Institute of Micro/Nano Science and Technology, providing cutting-edge semiconductor micro-fabrication technology and industry-academia-research translation support to continuously strengthen the company's innovation advantages in core processes. Optics Valley Sci-Tech Innovation Investment, as a Wuhan state-owned sci-tech platform, will link Central China's optoelectronics industry resources to help the company rapidly expand in the Huazhong market. YuanChuang Duoying focuses on early-stage industrialization of hard tech and will continue to empower the company's process iteration and new production line capacity ramp-up. This diversified investor base will empower the company across multiple dimensions including supply chain support, technology R&D upgrades, market channel expansion, and capital operations.

Currently, Micro LED is widely recognized as the optimal next-generation near-eye display technology. With the explosive growth of AI glasses and intelligent vehicle terminals, the industry has entered an accelerated industrialization phase. Leveraging its self-developed full-chain epitaxial technology, mature mass production and delivery capabilities, and the industrial resources brought by this round's diverse capital, Weijiu Optoelectronics will accelerate the push for domestic self-controllability of Micro LED micro-display technology and help China's AR and micro-display industrial chain achieve a high-end breakthrough.