| 证券代码：002475 | 证券简称：立讯精密 债券简称：立讯转债 | 公告编号：2025-095 | | --- | --- | --- | | 债券代码：128136 | | | 立讯精密工业股份有限公司 关于"立讯转债"回售的第一次提示性公告 本公司及监事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 6、回售款划拨日：2025 年 7 月 29 日 7、投资者回售款到账日：2025 年 7 月 30 日 8、回售申报期间"立讯转债"将暂停转股 9、在回售资金发放日之前，如持有的本期债券发生司法冻结或划扣等情形，债 券持有人本次回售申报业务失效。 10、风险提示：投资者选择回售等同于以 101.258 元人民币/张（含当期利息） 卖出持有的"立讯转债"。截至目前，"立讯转债"的收盘价格高于本次回售价格， 投资者选择回售可能会带来损失，敬请投资者注意风险。 特别提示： 1、投资者回售选择权：根据《立讯精密工业股份有限公司公开发行可转换公司 债券募集说明书》（以下简称《募集说明书》）的约定，"立讯转债"持有人可回售 部分或者全部未转股的"立讯转债"。"立讯转债"持有 ...

Core Viewpoint - Luxshare Precision is planning to issue H-shares and list on the Hong Kong Stock Exchange, aiming to raise over $1 billion for further business expansion and innovation [3][5][14]. Group 1: Company Overview - Luxshare Precision, founded in 2004, gained prominence by manufacturing components for Apple products, including AirPods and iPhones [8]. - The company has a market capitalization exceeding 250 billion RMB [3]. Group 2: Leadership and Background - Wang Laichun, the founder and chairwoman of Luxshare Precision, has a remarkable journey from being a factory worker to becoming a billionaire and the richest woman in Chaoshan [18][26]. - Wang's leadership style emphasizes innovation, countering the perception of Luxshare as merely an "OEM" [13]. Group 3: Financial Performance - In 2024, Luxshare's revenue is projected to reach 268.8 billion RMB, a year-on-year increase of 15.9%, with a net profit of 133.7 billion RMB, up 22% [32]. - The first quarter of 2025 showed continued growth, with revenues of 61.79 billion RMB, a 17.9% increase, and a net profit of 3.04 billion RMB, up 23.2% [32]. Group 4: Strategic Moves - The planned Hong Kong listing is part of Luxshare's strategy to broaden its capital market access and attract global talent [14]. - The company has made several strategic acquisitions to enhance its position in the Apple supply chain, including key purchases in 2011 and 2020 [28][30]. Group 5: Personal Wealth and Recognition - Wang Laichun's pre-tax compensation in 2024 was 7.33 million RMB, reflecting a 266.67% increase, positioning her among the top executives [36]. - She ranks 59th on the 2024 Hurun Rich List with a wealth of 62 billion RMB and has been recognized as the most influential businesswoman in China for three consecutive years [37][38].

Core Viewpoint - Lixun Precision is planning to issue H-shares and list on the Hong Kong Stock Exchange to enhance its global strategy, improve overseas financing capabilities, and increase governance transparency [1][2] Group 1: Financial Performance - In 2024, Lixun Precision's revenue is expected to approach 270 billion yuan, with net profit for the first half of 2025 projected to be between 6.475 billion and 6.745 billion yuan, reflecting a year-on-year growth of 20%-25% [2] - The company has a strong position in the technology manufacturing sector, which supports its stable financial performance [2] Group 2: Strategic Considerations - The issuance of H-shares aims to create a dual financing platform ("A+H") to enhance overseas financing capabilities, aligning with the company's global production network [2] - Governance transparency is a core objective of the upcoming listing, addressing market concerns [2] Group 3: Business Diversification - Lixun Precision is implementing a dual-drive strategy to mitigate risks associated with reliance on a single customer by developing its automotive electronics business as a second growth engine [3] - The automotive interconnect product business is projected to grow by 48.69% year-on-year in 2024, indicating its increasing strategic importance [3] - The company plans to acquire 50.1% of the German automotive wiring harness giant Leoni Group for 4.1 billion yuan, which is expected to generate over 20 billion yuan in additional revenue [3] Group 4: Global Resilience - Despite the impact of U.S. tariff policies, Lixun Precision's actual exposure is minimal, as only a small portion of its domestically manufactured products are exported to the U.S. [4] - The company has established a robust global production network in Southeast Asia and North America, which serves as a buffer against trade frictions [4] - The strategic "A+H" dual financing platform is seen as a crucial step for Lixun Precision's long-term growth, positioning the company for future opportunities [4]

Core Insights - The recent release of Fortune's 2025 list of the most influential businesswomen in China has sparked attention, particularly with the notable absence of Gree's chairwoman, Dong Mingzhu, from the list for the first time in 15 years [2][14] - Lixun Precision's chairwoman, Wang Laichun, has topped the list for the third consecutive year, highlighting her significant achievements in the industry [2][7] Group 1: Key Highlights from the Fortune List - Wang Laichun's personal wealth is estimated at 135 billion yuan, and she has transformed Lixun from a small factory into a Fortune Global 500 company [7][8] - The 2025 list emphasizes the theme of "finding real increments," with a notable representation of women entrepreneurs in the AI sector [7][10] - Other prominent figures on the list include Huawei's vice chairwoman Meng Wanzhou and ByteDance's CFO Gao Zhun, both recognized for their leadership in their respective companies [10][12] Group 2: Dong Mingzhu and Gree's Challenges - Dong Mingzhu's recent controversies and management style have raised questions about her leadership effectiveness, contributing to Gree's declining performance [14][15] - Gree's revenue has decreased from 200 billion yuan in 2018 to 190 billion yuan in 2024, contrasting sharply with competitors like Midea and Haier, which have seen significant growth [15][16] - The company's focus on hardware rather than innovation in AI and smart home technology has led to concerns about its competitive position in the market [15][16]

Core Viewpoint - Luxshare Precision Industry Co., Ltd. has successfully completed the acquisition of 50.1% equity in Leoni AG and 100% equity in its wholly-owned subsidiary Leoni Kabel GmbH, enhancing its competitiveness in the global automotive cable and wiring harness market [3][4]. Group 1 - The acquisition was approved by Luxshare on September 13, 2024, and all necessary regulatory approvals for the transaction have been obtained as of July 10 [3]. - The payment for the acquisition was fully made through Singapore, with ownership transfer documents received for both Leoni AG and Leoni K [4]. - The delivery of the Wiring System (Pune) Private Limited, a subsidiary in India, is pending due to incomplete foreign investment approval, and its transfer will be addressed separately once the approval is obtained [4].

Group 1 - As of July 10, the total market financing balance reached 1.86 trillion yuan, an increase of 4.76 billion yuan from the previous trading day, marking four consecutive days of growth in financing balance [1] - The financing balance for the Shanghai Stock Exchange was 935.69 billion yuan, up by 2.73 billion yuan, while the Shenzhen Stock Exchange's financing balance was 918.83 billion yuan, increasing by 1.97 billion yuan [1] - A total of 1,956 stocks received net financing purchases on July 10, with 468 stocks having net purchases exceeding 10 million yuan, and 17 stocks with net purchases over 100 million yuan [1] Group 2 - The stock with the highest net financing purchase on July 10 was Zhongyou Capital, with a net purchase of 277.32 million yuan, followed by Zhongji Xuchuang and Yangguang Electric with net purchases of 236.22 million yuan and 226.87 million yuan, respectively [2] - In terms of industry concentration, the sectors with the most stocks receiving net purchases over 100 million yuan were telecommunications, computers, and non-ferrous metals, with 4, 2, and 2 stocks respectively [1][2] - The average ratio of financing balance to circulating market value for stocks with significant net purchases was 3.14%, with Shenghe Resources having the highest ratio at 6.00% [2]

Group 1 - As of July 10, 2025, 187 A-share listed companies have disclosed their half-year performance forecasts, with 139 companies expecting profit increases, accounting for 74.33% [2] - The sectors showing significant growth include power, semiconductors, wind power equipment, pharmaceuticals, and agriculture, indicating a positive market sentiment [2] - Notably, 67 companies anticipate a net profit growth of over 100%, with 20 companies expecting over 300% growth, and 7 companies projecting over 1000% growth [3] Group 2 - The top performer, Huayin Power, forecasts a profit increase of up to 4423%, while other notable companies like First Technology and Tianbao Infrastructure expect increases of 2835% and 2329%, respectively [3] - A total of 38 companies are expected to report net profits exceeding 5 billion yuan, with Industrial Fulian leading at an estimated 12.158 billion yuan [4] - The significant profit growth for Huayin Power is attributed to increased power generation and decreased fuel costs [5] Group 3 - A-share profitability is stabilizing, with a reported net profit growth of 3.63% in Q1 2025, indicating a recovery from a previous decline [6] - Analysts suggest that improving performance expectations can stabilize market sentiment and reduce short-term volatility, particularly in sectors benefiting from domestic demand recovery [6] - The ongoing development of the AI industry and high demand in electronics and communications sectors are expected to maintain positive growth trends [6]

Group 1 - The company, Luxshare Precision Industry Co., Ltd., has approved the acquisition of 50.1% equity in Leoni AG and 100% equity in its wholly-owned subsidiary, Leoni Kabel GmbH [1][1][1] - As of the announcement date, the company has obtained all necessary regulatory approvals and filings related to the ACS and WSD business for the transaction, except for the approvals concerning the Indian entities [1][1][1] - The scope of the current equity transfer excludes the Indian entities due to pending foreign investment approval, and the parties have agreed to defer the transfer of these entities until the approval process is completed [1][1][1] Group 2 - The company has disclosed the relevant share transfer documentation as part of the transaction process [1]

Core Viewpoint - The legal opinion letter from Han Kun Law Offices confirms that Luxshare Precision Industry Co., Ltd. has complied with relevant laws and regulations regarding the issuance and potential buyback of its convertible bonds, ensuring that bondholders have the right to sell their bonds back to the company under specified conditions [1][5]. Group 1: Legal Framework and Compliance - The law firm has been commissioned by Luxshare Precision to provide legal opinions based on the Company Law, Securities Law, and relevant regulations from the China Securities Regulatory Commission and Shenzhen Stock Exchange [1][2]. - The law firm has verified that Luxshare Precision provided necessary and accurate documentation for the issuance of convertible bonds, ensuring compliance with legal standards [2][3]. Group 2: Convertible Bond Issuance Details - Luxshare Precision has received approval from the China Securities Regulatory Commission to publicly issue convertible bonds totaling 3 billion yuan, with a maturity of 6 years [5]. - The company has issued 30 million convertible bonds, which were listed in December 2020 [5]. Group 3: Buyback Conditions - The convertible bondholders have the right to sell their bonds back to the company if the stock price falls below 70% of the conversion price for 30 consecutive trading days during the last two interest payment years [5][6]. - The buyback right is conditional and can only be exercised once per year if the conditions are met, and bondholders must act within the specified buyback period [5][6].

| 证券代码：002475 | 证券简称：立讯精密 公告编号：2025-094 | | --- | --- | | 债券代码：128136 | 债券简称：立讯转债 | 立讯精密工业股份有限公司 本公司及监事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 根据《深圳证券交易所上市公司自律监管指引第 15 号——可转换公司债券》的 相关规定，可转换公司债券实施回售的，应当暂停可转换公司债券转股。经向深圳证 券交易所申请，"立讯转债"在回售申报期间将暂停转股，即自 2025 年 7 月 17 日（星 期四）开始暂停转股，暂停转股期为五个交易日，至 2025 年 7 月 23 日（星期四） 止。自回售申报期结束的次一交易日（即 2025 年 7 月 24 日）起"立讯转债"恢复 转股。 在上述期间，"立讯转债"正常交易，敬请公司可转换公司债券持有人关注。 特此公告。 立讯精密工业股份有限公司 董事会 2025 年 7 月 10 日 特别提示： 经中国证监会"证监许可〔2020〕247 号"文核准，立讯精密工业股份有限公司 （以下简称"立讯精密"或"公司"）于 2020 年 11 ...