
Core Viewpoint - The article discusses the transformation of companies like Luxshare Precision, highlighting its diversification beyond being merely an Apple supply chain player, and emphasizes the potential growth in AI-driven hardware and automotive sectors [3][5][17]. Group 1: AI and Industry Trends - The recent "AI+" policy is seen as a significant national-level industrial development strategy, akin to the "Internet+" initiative in 2015, with profound implications for industry growth and investment [4]. - AI hardware is viewed as a precursor to a larger consumption-driven growth, with expectations for explosive demand in consumer electronics such as AI smartphones, AR/VR glasses, and smart vehicles [4][5]. Group 2: Luxshare Precision's Performance - Luxshare Precision reported a revenue of 124.5 billion yuan in the first half of 2025, a 20.18% increase from 103.6 billion yuan in the same period last year, with a net profit of nearly 5.6 billion yuan, up 12.90% [7][8]. - The company’s core revenue still heavily relies on consumer electronics, which accounted for 78.55% of total revenue, while automotive and communication sectors showed significant growth, with increases of 82.04% and 48.67% respectively [7][8]. Group 3: Strategic Acquisitions and Diversification - Luxshare has made strategic acquisitions to enhance its capabilities, including a significant investment in automotive wiring harnesses and communication products, positioning itself to capture growth in these sectors [10][11][13]. - The acquisition of Leoni AG for 320 million euros allows Luxshare to access advanced automotive wiring technologies, enhancing its market share in the automotive sector [12][13]. Group 4: Future Outlook - The company is expected to see a substantial increase in the value of its automotive wiring harnesses, with projections indicating that the value could rise to 5,000-6,000 yuan per vehicle as electric vehicles become more prevalent [12]. - Luxshare's ongoing projects and investments in high-speed and high-voltage wiring systems are anticipated to yield significant revenue growth by 2025, with multiple new projects already in the pipeline [13][16].