LUXSHARE-ICT(SZ:002475) Cai Fu Zai Xian·2025-08-19 10:12Core Viewpoint - Luxshare Precision has submitted an application for H-share listing on the Hong Kong Stock Exchange, marking a significant step in its global expansion strategy and expected to drive business upgrades and growth in the precision manufacturing sector [1][8]. Group 1: Company Overview - Luxshare Precision ranks fourth globally and first in mainland China in the Precision Intelligent Manufacturing Solutions (PIMS) industry as of the end of 2024, with leading positions in consumer electronics, automotive electronics, and communication sectors [2]. - The company has developed a comprehensive and diversified product portfolio through years of research and innovation, establishing a unique full-stack development and manufacturing platform [2]. Group 2: Business Segments - The consumer electronics segment remains the core support for Luxshare Precision's steady growth, covering components such as connectors, harnesses, speakers, and system integration products [3]. - Leveraging its experience in consumer electronics, Luxshare expanded into automotive electronics in 2012, creating a product matrix that includes advanced driver-assistance systems (ADAS) and smart chassis systems, with automotive electronics revenue reaching 13.758 billion yuan in 2024, a year-on-year increase of 48.69% [4]. - The communication and data center segment generated revenue of 18.36 billion yuan in 2024, growing by 26.29%, driven by the demand for high-performance communication products amid the rise of 5G and cloud computing [6]. Group 3: Strategic Initiatives - The listing in Hong Kong is expected to enhance the company's international visibility and brand influence, facilitating further expansion into overseas markets [8]. - The funds raised from the listing will primarily focus on automating production and localizing manufacturing, particularly in the automotive electronics sector, to improve capacity and global delivery capabilities [8]. - Luxshare aims to strengthen its global service capabilities in the consumer electronics sector by enhancing local production and delivery, thereby reducing logistics costs and risks associated with trade friction [8]. Group 4: Future Outlook - With a focus on global capacity layout, continuous technological innovation, and the release of synergies across the supply chain, Luxshare is set to accelerate the development of a more diverse and resilient global business system [11]. - The company is positioned to achieve breakthroughs across multiple sectors, leveraging its precision manufacturing capabilities and capital advantages from the Hong Kong listing [9].