Core Viewpoint - Luxshare Precision is planning to issue H-shares and list on the Hong Kong Stock Exchange to enhance its global financing capabilities and support its international expansion strategy [1][2]. Group 1: Company Strategy - The company aims to leverage Hong Kong's international financial center status to broaden its capital market financing channels, which will provide sufficient funding for overseas business expansion, new technology development, and global capacity layout [1]. - The issuance of H-shares will allow Luxshare Precision to attract and retain overseas high-end talent through flexible and diverse equity incentive tools, injecting innovative vitality and professional strength into its global development [1][2]. Group 2: Business Expansion - Luxshare Precision is actively advancing its global layout, particularly in the communication, data center, and automotive sectors, enhancing its business footprint [2]. - The company has identified automotive electronics as a new growth area, with products covering automotive wiring harnesses, connectors, smart cockpits, and advanced driver-assistance systems [2]. - In September 2024, Luxshare Precision acquired 50.1% of the German automotive wiring harness manufacturer Leoni and its wholly-owned subsidiary for €5.2541 billion (approximately RMB 4.4 billion), accelerating its global expansion in the automotive electronics sector [2]. Group 3: Market Context - Other well-known companies in the "fruit chain" are also applying for listings on the Hong Kong Stock Exchange, indicating a trend among industry peers [3].

Core Viewpoint - Luxshare 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]. Company Strategy - The company aims to broaden its capital market financing channels to support overseas business expansion, new technology development, and global capacity layout [1][2]. - By listing in Hong Kong, Luxshare Precision seeks to attract and retain high-caliber overseas talent through flexible equity incentive tools, injecting innovation and expertise into its global development [1][2]. Market Position and Financials - Luxshare Precision has been actively expanding its global footprint in sectors such as consumer electronics, automotive, telecommunications, and data centers [1][2]. - The company has made strategic acquisitions, such as the purchase of the German automotive wiring harness giant Leoni Group, to enhance its position in the automotive electronics supply chain [2]. - For the fiscal year 2024, Luxshare Precision reported a revenue of 268.8 billion yuan, a year-on-year increase of 15.91%, and a net profit of 13.4 billion yuan, up 22.03% [3]. IPO Plans and Market Context - The company is expected to raise between 2 billion to 3 billion USD (approximately 14.5 billion to 21.8 billion yuan) through the Hong Kong listing, with discussions already underway with multiple investment banks [2]. - The Hong Kong IPO market has shown significant recovery since 2025, with the first quarter of the year ranking fourth globally in new stock fundraising [4].

Group 1 - Luxshare Precision is planning to issue H-shares in Hong Kong to enhance its global strategy and financing capabilities [1] - The company aims to maintain its status as a leader in the Apple supply chain, with over 50% growth in its Apple business over the past two years [1] - Luxshare's revenue for 2024 is projected at 268.8 billion yuan, a year-on-year increase of 15.91%, with a net profit of 13.4 billion yuan, up 22.03% [3] Group 2 - The company has made strategic acquisitions to enhance its product line, including the acquisition of Wistron Technology's ODM business and Leoni AG for 4.1 billion yuan [2] - Luxshare is diversifying its business into the automotive sector, aiming to become one of the top ten Tier 1 suppliers globally [1][2] - Other major players in the Apple supply chain, such as Lens Technology and GoerTek, are also pursuing IPOs in Hong Kong to optimize capital structure and enhance competitiveness [3]

特别提示： | 证券代码：002475 | 证券简称：立讯精密 | 公告编号：2025-084 | | --- | --- | --- | | 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 关于实施权益分派期间"立讯转债"暂停转股的公告 本公司及董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。 债券代码：128136 债券简称：立讯转债 转股起止时间：2021 年 5 月 10 日至 2026 年 11 月 2 日 暂停转股时间：2025 年 7 月 3 日起至本次权益分派股权登记日止 恢复转股时间：公司 2024 年度权益分派股权登记日后的第一个交易日 鉴于立讯精密工业股份有限公司（以下简称"公司"或"立讯精密"）将于近日 实施公司 2024 年年度权益分派，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》中"转股价格的调整及计算方式"（详见附件）条款的规定， 自 2025 年 7 月 3 日起至本次权益分派股权登记日止，公司可转换公司债券（债券简 称：立讯转债；债券代码：128136）将暂停转股，本次权益分派股权 ...

| 证券代码：002475 | 证券简称：立讯精密 | 公告编号：2025-085 | | --- | --- | --- | | 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 关于筹划公司在香港联合交易所有限公司上市的提示性公告 本公司及董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。 为深化立讯精密工业股份有限公司（以下简称"公司"）全球化战略布局，增强 境外融资能力，进一步提升公司治理透明度和规范化水平，公司目前正在筹划境外发 行股份（H 股）并在香港联合交易所有限公司（以下简称"香港联交所"）上市事项 （以下简称"本次 H 股发行上市"）。公司正在与相关中介机构就本次 H 股发行上 市的具体推进工作进行商讨，相关细节尚未确定，本次 H 股发行上市不会导致公司 控股股东和实际控制人发生变化。 根据《深圳证券交易所股票上市规则》、《境内企业境外发行证券和上市管理试 行办法》等法律法规的要求，待具体方案确定后，本次 H 股发行上市工作尚需提交 公司董事会和股东会审议，并经中国证券监督管理委员会备案和香港联交所等监管 机构审核。本次 ...

Core Viewpoint - The CS Internet of Things Index (CS IoT, 930712) experienced a decline of 1.66%, closing at 2889.9 points, with a trading volume of 43.852 billion yuan, indicating a volatile market environment for IoT-related stocks [1] Group 1: Index Performance - The CS IoT Index has increased by 5.70% over the past month, decreased by 1.97% over the last three months, and has seen a slight increase of 0.23% year-to-date [1] - The index was established on June 29, 2012, with a base point of 1000.0 [1] Group 2: Index Composition - The top ten weighted stocks in the CS IoT Index are: Luxshare Precision (8.64%), Zhongji Xuchuang (6.2%), Huichuan Technology (6.1%), OmniVision Technologies (5.33%), ZTE Corporation (5.18%), Midea Group (4.98%), Haier Smart Home (4.82%), Hikvision (4.78%), iFlytek (4.77%), and Zhaoyi Innovation (4.03%) [1] - The index's holdings are primarily listed on the Shenzhen Stock Exchange (69.63%) and the Shanghai Stock Exchange (30.37%) [1] Group 3: Sector Allocation - The sector allocation of the CS IoT Index includes: Information Technology (63.41%), Communication Services (17.77%), Consumer Discretionary (9.80%), and Industrials (9.02%) [1] Group 4: Index Adjustment and Tracking Funds - The index samples are adjusted biannually, with adjustments occurring on the next trading day after the second Friday of June and December [2] - Public funds tracking the CS IoT Index include: E Fund CS IoT Theme Connection A, E Fund CS IoT Theme Connection C, Huaxia CS IoT Theme Connection A, Huaxia CS IoT Theme Connection C, and several ETFs [2]

Group 1 - The core index of the China Securities Industry Chain Index series includes the upstream resource index, midstream manufacturing index, and downstream consumption and service index, providing diversified investment targets for investors [2] - The China Securities Midstream Manufacturing Index has seen a 4.59% increase over the past month, a 0.87% decrease over the past three months, and a 2.73% decline year-to-date [2] - The top ten weighted stocks in the China Securities Midstream Manufacturing Index include CATL (7.5%), Luxshare Precision (1.95%), SMIC (1.94%), BOE Technology Group (1.66%), Northern Huachuang (1.59%), Haiguang Information (1.43%), NewEase (1.41%), Zhongji Xuchuang (1.4%), Huichuan Technology (1.38%), and China State Construction (1.37%) [2] Group 2 - The holdings of the China Securities Midstream Manufacturing Index are distributed with 50.48% on the Shanghai Stock Exchange and 49.52% on the Shenzhen Stock Exchange [2] - The industry composition of the index holdings shows that industrials account for 44.37%, information technology for 37.46%, materials for 8.34%, communication services for 5.70%, and consumer discretionary for 4.15% [2] - The index sample is adjusted biannually, with adjustments implemented on the next trading day after the second Friday of June and December, and can be temporarily adjusted under special circumstances [3]

消息人士称中金公司、中信和高盛正在筹划立讯精密在香港的股票发售。立讯精密或寻求在香港上市募 资逾10亿美元。（彭博） ...

Corporate Actions - Luxshare Precision is planning a Hong Kong listing [1] Advisors - Luxshare Precision is working with China International Capital, Citic Securities, and Goldman Sachs on its Hong Kong listing plan [1]

Market Overview - The FTSE China A50 Index components showed mixed performance with sectors like home appliances, liquor, and non-ferrous metals rising, while sectors such as securities, consumer electronics, and logistics declined [1]. Sector Performance Home Appliances - Gree Electric Appliances had a market capitalization of 259.96 billion, with a trading volume of 25.10 billion and an increase of 0.96 (+2.11%) [3]. - Haier Smart Home reported a market cap of 240.01 billion, with a trading volume of 19.79 billion and an increase of 0.82 (+3.31%) [3]. Liquor Industry - Kweichow Moutai had a market capitalization of 1,770.74 billion, with a trading volume of 36.89 billion and an increase of 4.50 (+0.32%) [3]. - Wuliangye Yibin reported a market cap of 214.25 billion, with a trading volume of 11.55 billion and an increase of 1.20 (+0.69%) [3]. Non-Ferrous Metals - The sector showed positive performance, contributing to the overall rise in the index [1]. Securities - CITIC Securities had a market capitalization of 404.30 billion, with a trading volume of 10.59 billion and a decrease of 0.11 (-0.40%) [4]. - Guotai Junan Securities reported a market cap of 338.49 billion, with a trading volume of 15.74 billion and a decrease of 0.07 (-0.36%) [4]. Consumer Electronics - Industrial Fulian had a market cap of 420.21 billion, with a trading volume of 24.20 billion and a decrease of 0.24 (-1.12%) [4]. - Luxshare Precision reported a market cap of 245.97 billion, with a trading volume of 17.15 billion and a decrease of 0.79 (-2.28%) [4]. Logistics - SF Holding had a market capitalization of 272.79 billion, with a trading volume of 17.11 billion and a decrease of 1.51 (-0.67%) [4]. Energy Sector - China Shenhua Energy had a market cap of 190.41 billion, with a trading volume of 8.45 billion and an increase of 0.60 (+1.47%) [3]. - China Petroleum & Chemical Corporation reported a market cap of 1,573.98 billion, with a trading volume of 6.26 billion and a decrease of 0.04 (-0.46%) [3].