Core Viewpoint - Luxshare Precision Industry Co., Ltd. is preparing for an IPO on the Hong Kong Stock Exchange, aiming to leverage its strong market position in precision manufacturing solutions across various sectors, including consumer electronics and automotive electronics [1][2]. Company Overview - Luxshare Precision was established in 2004 and is recognized as a leading global provider of precision manufacturing solutions, ranking fourth globally and first in mainland China in the PIMS industry by revenue as of 2024 [3]. - The company serves over 100 Fortune Global 500 clients, providing a comprehensive range of products and solutions across multiple sectors [3]. Business Segments - The company operates in four main business lines: - Consumer electronics, including components and solutions for various environments [4]. - Automotive electronics, focusing on systems like intelligent cockpits and ADAS [4]. - Communication and data center products, including equipment for telecommunications and data management [4]. - Other sectors, such as medical and industrial equipment [4]. Financial Performance - Luxshare Precision's revenue for the years 2022, 2023, 2024, and the first three months of 2025 were approximately RMB 214.03 billion, RMB 231.91 billion, RMB 268.79 billion, and RMB 61.79 billion, respectively [10]. - The corresponding net profits for the same periods were RMB 10.49 billion, RMB 12.24 billion, RMB 14.58 billion, and RMB 3.38 billion [10]. Shareholder Structure - As of August 12, 2025, the major shareholders include Wang Laichun and Wang Laisheng, each holding 50% of Luxshare Hong Kong, which represents a combined ownership of approximately 37.88% [6][7]. Board of Directors - The board consists of eight members, including five executive directors and three independent non-executive directors, with Wang Laichun serving as the chairperson and general manager [9]. IPO Details - The company submitted its prospectus to the Hong Kong Stock Exchange on August 18, 2025, indicating its intention to list on the main board [1]. Advisory Team - The IPO is being sponsored by CITIC Securities, Goldman Sachs, and CICC, with various legal and auditing firms involved in the process [12][13].

| [编纂]項下的[编纂]數目 ： | [编纂]股H股(視乎[编纂]行使與否而定) | | --- | --- | | [編纂]數目 : | [编纂]股H股(可予重新分配) | | [編纂]數目 : | [編纂]股H股(可予重新分配及視乎編纂]行使與否 | | | 而定) | | 最高 编纂] : | 每股H股[編纂]港元,另加1.0%經紀佣金、0.0027% | | | 證監會交易徴費、0.00015%會財局交易徵費及 | | | 0.00565%聯交所交易費(須於申請時以港元繳足) | | 面值 : | 每股H股人民幣1.00元 | | [编纂] : [编纂] | | | 聯席保薦人、[编纂] | | 据港交所8月18日披露，立讯精密（002475）工业股份有限公司(简称：立讯精密(002475.SZ))向港交所主板递交上市申请，中信证券、高盛、中金公司 （601995）为其联席保荐人。 公司凭借对广度、深度、精度的极致追求，打造了独具特色的全栈式开发与智造平台，深度参与客户产品的设计、研发、生产以及售后等各个环节，以"摆 渡人"的角色赋能了全球各领域顶尖的品牌客户，其中包括超过100家《财富》世界500 ...

Group 1 - The core viewpoint of the articles highlights the strong performance of several companies in their half-year reports, with many stocks reaching historical highs due to positive earnings results [2][3][4] - Weichai Power (潍柴重机) reported a total revenue of 2.746 billion yuan, a year-on-year increase of 43.91%, and a net profit of 144 million yuan, up 52.62% year-on-year, marking a historical high for the same period [2] - New Yisheng (新易盛) also saw its stock price rise nearly 8% in early trading, supported by its strong half-year performance [2] Group 2 - A total of approximately 350 stocks reported historical highs in net profit for the first half of 2025, with 10 stocks exceeding 10 billion yuan in net profit, including China Mobile, Kweichow Moutai, and CATL [4] - Among these, 45 stocks have shown continuous growth in net profit since their listing, with six stocks having a market capitalization exceeding 100 billion yuan [4] - Haiguang Information (海光信息) achieved a net profit of 1.201 billion yuan, a year-on-year increase of 40.78%, establishing itself as a leading high-end processor design company [4] Group 3 - Smaller companies like Qingju Technology (青矩技术) and Iron University Technology (铁大科技) also demonstrated steady growth, with Iron University Technology reporting a net profit of 24 million yuan, up 53.68% year-on-year [5] - The average increase in stock prices for the 45 companies with stable growth was 41.25% year-to-date, outperforming the Shanghai Composite Index by approximately 30 percentage points [7][9] - Financing activities have increased, with nine stocks among the 45 receiving over 100 million yuan in net purchases since August, indicating strong investor interest [9]

Core Viewpoint - Luxshare Precision Industry Co., Ltd. has submitted an application for listing on the Hong Kong Stock Exchange, aiming for a main board listing [1] Group 1: Company Overview - The company is a global leader in precision manufacturing and innovative technology, providing integrated development and manufacturing solutions across various fields including consumer electronics, automotive electronics, and communication and data centers [1] - Luxshare's products are widely used in various scenarios, with projections indicating that by 2024, one in every two smartphones, one in every three wearable devices, and one in every five smart vehicles will utilize the company's products [1]

Group 1 - The core viewpoint of the article highlights the trends in China's connector industry, focusing on import and export statistics [1] - The article provides specific HS codes for the connector industry, including plugs and sockets, optical fiber connectors, and other electrical devices [3] Group 2 - From 2018 to 2024, China's total trade volume for connectors shows a fluctuating trend, reaching $5.545 billion in 2024, with a year-on-year growth of 0.90% [4] - The export total for connectors has shown a rising trend, reaching $4.768 billion in 2024, with a year-on-year increase of 2.71% [7] - Conversely, the import total for connectors has been on a continuous decline, amounting to $777 million in 2024, reflecting a year-on-year decrease of 8.99% [8] - The trade surplus in the connector sector has been consistently expanding, reaching $3.991 billion in 2024, with a year-on-year increase of 5.32% [9]

Group 1: Industry Trends - The live streaming industry sees a significant exit as influencer Xinba announces his departure from the sector, citing inability to continue in the role [2] - ChatGPT's mobile application has generated $2 billion in revenue since its launch in May 2023, significantly outperforming competitors [3] - AI startup Anthropic introduces a feature in its Claude model that allows it to end conversations if user interactions are harmful or aggressive [4] Group 2: Company Developments - SpaceX's Starlink experiences a brief network outage, marking the second disruption in two weeks [5] - Ying Shi Innovation reports that its panoramic drone product is still in the testing phase and has not generated any revenue yet [6] - Lenovo announces the establishment of a regional headquarters in Riyadh, Saudi Arabia, to enhance operational capabilities and support regional strategies [9] Group 3: Financial Performance - Unigroup Guowei reports a 6.18% decline in net profit to 692 million yuan for the first half of 2025, despite a 6.07% increase in revenue [11] - Douyu's Q2 revenue reaches 1.054 billion yuan, with a net profit of 37.83 million yuan, marking a successful turnaround [12] - Meitu's H1 revenue stands at 1.8 billion yuan, with a net profit increase of 71.3% to 467 million yuan [14] Group 4: Investment and Financing - Luxshare Precision submits an application for an H-share listing on the Hong Kong Stock Exchange, aiming to raise over $1 billion [15] - Beijing Voyager Space Technology secures additional angel funding, continuing its financing momentum [16] - Jingjiawei plans to invest 220 million yuan to gain a controlling stake in Chengheng Microelectronics, entering the edge AI chip market [17] Group 5: Product Launches - Baidu launches GenFlow 2.0, a universal intelligent agent capable of performing complex tasks rapidly, enhancing user engagement [7] - Xiaohongshu's AIGC team unveils DynamicFace, a new algorithm for controllable face generation in images and videos [8] - Meta prepares to release its first AI glasses with a display, reducing the starting price to approximately $800 [18]

er in the th t a r t with p P t F 0 tilling the e r line 今年7月，立讯精密董事会审议通过了发行H股股票并在香港联交所主板上市的议案。公司表示，此次赴港上市旨在进一步拓宽融资渠道，增强国际资本市 场影响力，同时提升公司治理水平和全球化运营能力。 根据公告披露，本次H股发行募集的资金将主要用于扩大全球生产能力、升级智能制造设施、加大技术研发投入，以及投资上下游优质企业。其中，产能扩 建将重点满足消费电子、汽车电子等领域快速增长的市场需求；技术研发将聚焦智能制造、自动化生产等前沿领域；产业链投资则着眼于强化公司在关键领 域的垂直整合能力。 近年来，立讯精密的全球化战略成效显著。公司已在全球10余个国家和地区建立生产基地，形成了覆盖消费电子、汽车电子、通信设备等领域的多元化业务 格局。2024年财报显示，公司实现营收2687.95亿元，净利润133.66亿元，均保持两位数增长。2025年一季度业绩延续良好态势，营收和净利润同比增幅分别 达17.9%和23.17%，展现出强劲的发展韧性。 市场分析人士指出，赴港上市将有助于立讯精密进一步优化资本结构，提升国际品牌 ...

Core Viewpoint - Luxshare Precision (002475) has submitted a listing application to the Hong Kong Stock Exchange, with CITIC Securities, Goldman Sachs, and China International Capital Corporation serving as joint sponsors [1] Group 1: Company Overview - The company focuses on providing vertically integrated development and manufacturing solutions for consumer electronics, automotive electronics, communication, and data centers, deeply engaging in all stages of the product lifecycle [1] - In 2024, it is estimated that one in every two smartphones, one in every three smart wearable devices, and one in every five smart vehicles will use Luxshare Precision's products [1] - According to Frost & Sullivan, Luxshare Precision ranks fourth globally and first in mainland China in the precision manufacturing solutions (PIMS) industry by revenue in 2024 [1] - The company has been listed in the Fortune Global 500 for three consecutive years (2023-2025) [1] Group 2: Market Outlook - The global precision manufacturing solutions market is expected to steadily expand, benefiting from the demand for high-precision and highly integrated products in end markets, as well as advancements in cutting-edge technologies such as AI, robotics, and low-altitude economy [1] Group 3: Financial Performance - From 2022 to 2024, Luxshare Precision's revenue is projected to increase from RMB 214.03 billion to RMB 268.80 billion, with significant growth in the automotive electronics and communication/data center business lines [1] - During the same period, the company's annual profit is also expected to show an upward trend, rising from RMB 10.49 billion in 2022 to RMB 14.58 billion in 2024 [1]

Core Viewpoint - Lixun Precision is a leading global precision manufacturing technology company with a diversified business model covering consumer electronics, automotive electronics, and communication and data centers, providing integrated development and manufacturing solutions [1] Business Operations and Model - The company operates across multiple sectors, offering over 500 product categories and more than 260 manufacturing processes [1] - Key product examples include audio and video transmission harnesses and connectors in consumer electronics, complete vehicle harnesses and connectors in automotive electronics, and high-frequency computing transmission harnesses in communication and data centers [1] Revenue and Growth - Lixun Precision's revenue is projected to grow steadily from RMB 214 billion in 2022 to RMB 268.8 billion in 2024 [2][3] - The automotive electronics segment is expected to experience a compound annual growth rate (CAGR) of 49.6% from 2022 to 2024, while the communication and data center segment is projected to grow at a CAGR of 19.6% during the same period [3] Profitability - Net profit is anticipated to rise from RMB 10.5 billion in 2022 to RMB 14.6 billion in 2024, indicating a consistent upward trend [4][5] - The growth in net profit aligns closely with revenue growth, reflecting effective cost control and enhanced profitability during business expansion [5] Margin Stability - Gross margin has remained relatively stable from 2022 to 2024, indicating a solid operational performance within the industry [6] - Net margin is also on an upward trajectory, increasing from approximately 4.91% in 2022 to about 5.43% in 2024 [8] Business Line Structure - The consumer electronics segment currently holds a significant share of revenue, but the rapid growth of automotive electronics and communication and data center segments may alter this distribution [9] Competitive Position - Lixun Precision ranks fourth globally and first in mainland China in the precision manufacturing solutions (PIMS) industry as of 2024, maintaining a leading position across major business lines [13] - The company benefits from a comprehensive and diversified product portfolio and a globally advanced intelligent development and manufacturing system [13] Customer Base - The company serves over 4,000 clients, including more than 100 Fortune Global 500 companies, covering leading brands in consumer electronics, automotive electronics, and communication and data centers [14] Supply Chain Considerations - While specific supplier information is not disclosed, the stability of raw material supply is crucial for production operations [17] Management Team - The core management team possesses extensive industry experience, which is vital for navigating challenges and seizing growth opportunities [19]

智通财经APP讯，立讯精密(002475.SZ)发布公告，公司已于2025年8月18日向香港联合交易所有限公司 (简称"香港联交所")递交了发行境外上市股份(H股)并在香港联交所主板挂牌上市(简称"本次发行并上 市")的申请，并于同日在香港联交所网站刊登了本次发行的申请材料。该申请材料为公司按照香港证券 及期货事务监察委员会(简称"香港证监会")及香港联交所的要求编制和刊发，为草拟版本，其所载资料 可能会适时作出更新及修订，投资者不应根据其中的资料作出任何投资决定。 ...