LUXSHARE-ICT(SZ:002475) Chang Jiang Shang Bao·2026-02-24 23:55Core Viewpoint - Lixun Precision (002475.SZ) has initiated a significant share buyback program, demonstrating its commitment to long-term growth and shareholder returns through both share repurchases and consistent cash dividends [1][2][3] Group 1: Share Buyback and Financial Commitment - The company announced its first share buyback, repurchasing 9.9006 million shares for nearly 500 million yuan, representing 0.14% of its total share capital [2] - The buyback price ranged from 50.14 yuan to 50.91 yuan per share, significantly below the upper limit of 86.60 yuan, indicating effective capital management [2] - This buyback is part of a broader plan to allocate 1 to 2 billion yuan for shares, aimed at employee stock ownership plans and signaling that the stock is undervalued [2] Group 2: Financial Performance and Growth - Lixun Precision has shown steady growth, with projected revenue and net profit compound annual growth rates exceeding 11% and 20% respectively from 2022 to 2024 [1][5] - The company expects a net profit of 165.18 billion to 171.86 billion yuan in 2025, reflecting a year-on-year growth of 23.59% to 28.59% [5] - Total assets have expanded significantly, reaching 3,003 billion yuan by Q3 2025, marking a 34.15% increase from the previous year [3] Group 3: Research and Development Investment - Lixun Precision has invested a total of 24.915 billion yuan in R&D from 2023 to Q3 2025, with a notable R&D expense ratio of 3.7% in 2025, well above the industry average [4][6] - The company has applied for over 12,000 patents, including 7,164 invention patents, establishing a strong technological foundation in key areas such as high-speed interconnects and automotive electronics [6] Group 4: Market Performance - The company's stock price has rebounded significantly, reaching 50.63 yuan per share as of February 24, 2026, doubling from its low of 24.88 yuan in 2024, reflecting regained market confidence [7]