LUXSHARE-ICT(SZ:002475) 创业家·2025-08-27 10:11Core Viewpoint - The article discusses the upcoming IPO of Luxshare Precision, highlighting its significant growth and potential to become a major player in the Hong Kong stock market, driven by its strong ties with Apple and the booming capital market in China [4][6][23]. Group 1: Company Overview - Luxshare Precision, known as a leader in the "fruit chain," has a market capitalization exceeding 300 billion yuan and is preparing for an IPO in Hong Kong, aiming to replicate the fundraising success of other A-share leaders [4][6]. - The company has experienced remarkable growth since its A-share debut in 2010, with its stock price increasing over 40 times, driven by the global demand for smart devices and its partnership with Apple [5][11]. Group 2: Financial Performance - In 2024, Luxshare Precision reported revenue of 268.8 billion yuan, a year-on-year increase of 15.91%, and a net profit of 13.37 billion yuan, up 22.03% from the previous year [22]. - The company's revenue from non-Apple clients has increased to 25%, indicating a diversification of its customer base, while Apple's contribution to revenue has decreased to 64.7% in the first quarter of 2025 [22]. Group 3: Market Position and Strategy - Luxshare Precision has positioned itself as a key player in the automotive electronics and communication sectors, with a remarkable growth rate of 98.9% in automotive electronics in early 2025 [22]. - The company has successfully integrated advanced manufacturing technologies, enhancing production efficiency and quality, which has attracted more orders from Apple and other major clients [17][22]. Group 4: Future Prospects - The anticipated IPO in Hong Kong is expected to further enhance Luxshare Precision's market position and could lead to a significant increase in the personal wealth of its founder, Wang Laichun [6][23]. - The changing dynamics in the smartphone market, with Apple facing increased competition in China, may provide Luxshare Precision with greater negotiating power and opportunities for growth [21][22].