Longxing Avionics has recently concluded a significant A++ financing round, raising hundreds of millions of yuan. This financing was spearheaded by Hangzhou Low-Altitude Industry Development Co., Ltd., a subsidiary of Hangzhou Industrial Investment Group, with additional participation from Hangzhou Talent Group Co., Ltd., Hangzhou Science and Technology Innovation Group Co., Ltd., and Huayu Venture Capital, all under the umbrella of Hangzhou Capital. The proceeds from this round will primarily be directed towards accelerating the R&D of core avionics products, augmenting the high-caliber talent pool, and bolstering the company's market expansion efforts.

Longxing Avionics specializes in the research and manufacture of domestic civil avionics equipment. It boasts multiple qualification certificates and intellectual property rights, and has forged strategic alliances with prominent entities such as Commercial Aircraft Corporation of China, Air China, and China Eastern Airlines. The company has consistently garnered support for its scientific and technological projects, amassing numerous accolades in the process. Longxing Avionics remains steadfast in its ambition to emerge as a global frontrunner in the avionics industry.