“潮汕女首富”胞弟携立景创新冲刺IPO，“立讯系”又添一员猛将！

Group 1 - The core narrative revolves around the expansion of the "Lixun system" with two IPOs, one for Luxshare Precision and another for its sibling company, Lijing Innovation, marking a significant move in the Hong Kong IPO market [2][3] - Key figures in this expansion are Wang Laichun, the leader of Luxshare Precision, and her brother Wang Laixi, the founder of Lijing Innovation, both of whom have extensive experience in the industry [2][4] Group 2 - Lijing Innovation, a precision optical solutions provider, has seen its revenue grow from 12.75 billion yuan in 2022 to 27.91 billion yuan in 2024, with a 54.3% year-on-year increase in the first half of 2025 [4][6] - The company's net profit also increased significantly, from 689 million yuan in 2022 to 1.052 billion yuan in 2024, with a 101.5% year-on-year rise in the first half of 2025 [6] Group 3 - The majority of Lijing Innovation's revenue comes from consumer electronics, particularly camera modules, which accounted for 88.2% of total revenue in the first half of 2025 [6][8] - The company has a high customer concentration, with its top five clients contributing 89% of revenue in the first half of 2025, and a significant portion of sales attributed to a major client, identified as Apple [8][10] Group 4 - Lijing Innovation's IPO aims to raise funds for R&D in precision optical products, optimization of smart manufacturing platforms, and repayment of existing bank loans, among other uses [10][12] - The company has a history of strategic acquisitions, mirroring the expansion strategy of Luxshare Precision, which has also engaged in numerous acquisitions to enhance its market position [14][16] Group 5 - The leadership of Lijing Innovation is heavily influenced by the "Lixun system," with a management team composed of individuals with over ten years of experience in Luxshare Precision [17][22] - The Wang family, which controls both companies, has established a broad industrial network that includes various suppliers and partners within the Apple supply chain [20][24]