Zheng Quan Shi Bao·2025-07-14 18:41Core Viewpoint - The domestic consumer electronics industry is accelerating its globalization efforts in response to changing global trade dynamics and increasing local service demands from customers [1][5]. Group 1: Hong Kong Listing Trend - Companies like Lens Technology and Luxshare Precision have recently pursued listings in Hong Kong, indicating a broader trend among consumer electronics supply chain firms [2][3]. - Lens Technology's Hong Kong IPO aims to raise funds for core technology R&D, global capacity expansion, and emerging market development, with plans to enhance manufacturing capabilities in Vietnam and Thailand [2]. - Luxshare Precision's upcoming Hong Kong listing is closely tied to its global strategy, aiming to leverage international capital to accelerate overseas capacity building and strengthen its global supply chain [2][3]. Group 2: Globalization Strategies - Various consumer electronics companies, including EVE Energy and Unisoc, have initiated plans for Hong Kong listings, focusing on local operations and rapid customer response to expand their international presence [3][5]. - Companies are employing diverse strategies for globalization, including overseas investments, acquisitions, increased R&D spending, and enhanced industry collaboration [5][6]. - Luxshare Precision has established production capacities in Southeast Asia, Mexico, North Africa, and Eastern Europe, and has recently acquired a majority stake in the German automotive wiring harness company Leoni AG to enhance its position in the automotive electronics sector [5][6]. Group 3: Performance and Market Share - The overseas revenue of A-share consumer electronics companies has significantly increased, from 369.58 billion yuan in 2020 to 694.61 billion yuan in 2024, representing an 87.95% growth [7]. - Luxshare Precision's overseas revenue reached 235.47 billion yuan in 2024, a 37.2-fold increase over ten years, with an overseas revenue share of 87.6%, marking a historical high [7]. Group 4: Brand Leadership in Global Expansion - Leading consumer electronics brands like Transsion Holdings and OPPO have successfully established a global presence, with Transsion being recognized as a major player in Africa and OPPO expanding into over 70 countries [8][9]. - Transsion has developed localized technologies to cater to specific market needs in Africa, while OPPO emphasizes localization as a key strategy in its global expansion efforts [8][9]. - Other brands such as Honor, Huawei, and Xiaomi are also intensifying their overseas market efforts, particularly in high-end segments through innovative products [9].