市值超3000亿，“果链巨头”立讯精密赴港IPO，来自广东深圳

Core Viewpoint - The A-share consumer electronics sector is experiencing a surge, driven by the mass production of Apple's iPhone 17 and the ongoing AI application integration, which is enhancing market optimism for the upcoming demand peak in consumer electronics [1] Group 1: Company Overview - Luxshare Precision Industry Co., Ltd. (立讯精密) submitted a prospectus for an IPO on the Hong Kong Stock Exchange, with Citic Securities, Goldman Sachs, and CICC as joint sponsors [1] - As of August 21, 2023, Luxshare's total market capitalization exceeded 305.9 billion yuan [2] - The company was founded in 2004 by Wang Laichun and Wang Laisheng, with its headquarters in Dongguan, Guangdong Province [4][5] Group 2: Business Segments and Revenue - Luxshare's revenue is primarily derived from the consumer electronics sector, accounting for 86.7% of total revenue in 2024, followed by automotive electronics at 5.1% and communication/data center at 6.8% [8][9] - The company provides integrated smart manufacturing solutions for various consumer electronics, including smartphones, wearables, and automotive components [7][8] Group 3: Financial Performance - Luxshare's revenue for 2022, 2023, and projected for 2024 is approximately 214 billion yuan, 231.9 billion yuan, and 268.8 billion yuan respectively, with net profits of about 10.5 billion yuan, 12.2 billion yuan, and 14.6 billion yuan [15][18] - The company's gross margin has been declining, recorded at 11.9% in 2022, 11.1% in 2023, and 10.1% in 2024 [16][18] Group 4: Market Position and Competition - Luxshare ranks as the fourth largest precision manufacturing solution provider globally and the largest in mainland China, with a significant portion of its revenue coming from overseas [21] - The global precision manufacturing solutions market is projected to grow from approximately 9.47 trillion yuan in 2025 to 12.18 trillion yuan by 2029, with a compound annual growth rate of 6.5% [19]