记者：覃毅 代工入账千亿，福建龙岩老板邱文生，却想另寻新路。 以下文章来源于21世纪商业评论 ，作者覃毅 21世纪商业评论 . 《21世纪商业评论》敏感于一切商业新知、商业产品、商业模式和商业英雄，敏感于新公司的新玩意、 老公司的新改造、旧话题的新表达、老商业的新颠覆，为您提供最新鲜实用的商业养分。 我是芯片超人花姐，入行20年，有50W+芯片行业粉丝。 有很多不方便公开发公众号的， 关于芯片买卖、关于资 源链接等， 我会分享在朋友圈 。 扫码加我本人微信 来源：21世纪商业评论（ID：weixin21cbr） 7月30日，他掌舵的华勤技术宣布， 拟用24亿元现金，受让晶合集成6%股份 ，首次进军晶圆制 造。 交易完成后，邱文生将向晶合集成提名1名董事，并通过"董事席位+长期锁定"双重机制，双方深 度战略协同。 邱创办的华勤，主要代工智能硬件，与闻泰、龙旗，并称中国ODM三巨头，2024年其营收约 1100亿。 只是，代工业务毛利率走低，近年他努力拓展汽车、机器人等增长曲线，已投入大量财务资源。 "ODM基因决定'客户说了算'，汽车电子与机器人业务需品牌溢价和软件定义能力， 能力要求与 原有代工逻辑不同 。" ...

Core Viewpoint - The article discusses the journey of Wang Laichun from a factory worker to the head of a company with a market value of 131.5 billion, highlighting the challenges faced by Luxshare Precision, particularly its heavy reliance on Apple, which accounts for 70.74% of its revenue [2][5][12]. Group 1: Company Background and Financial Performance - Wang Laichun started her career as a factory worker at Foxconn and later co-founded Luxshare Precision, which has grown significantly, with a market value exceeding 250 billion RMB [3][5]. - Luxshare's revenue reached approximately 268.8 billion in 2024, marking a growth of nearly 16% year-on-year, while net profit was over 13.3 billion, up 22% [5][13]. - The company is heavily dependent on Apple, with over 70% of its revenue coming from this single client, raising concerns about the sustainability of its business model [12][14]. Group 2: Strategic Shifts and Challenges - To reduce reliance on Apple, Luxshare has invested heavily in the automotive industry, but this segment only accounted for 5.12% of total revenue in 2024 [17][18]. - The company's asset-liability ratio increased to 62.16% in 2024, up from 56.61% in 2023, indicating financial strain due to its aggressive expansion strategy [16][18]. - Despite the growth in revenue, the automotive business has not yet provided a substantial alternative to the income generated from Apple, posing a risk to Luxshare's financial stability [17][20]. Group 3: Legal and Governance Issues - Luxshare is currently embroiled in a legal dispute regarding a 10 billion shareholding issue, which raises questions about corporate governance and transparency [18][19]. - The planned acquisition of a loss-making asset from Anhui Xinguang has sparked controversy, particularly due to its connection to Wang Laichun's family, leading to allegations of nepotism [20][21]. - The company faces significant challenges in maintaining investor confidence and managing its debt while pursuing high-risk, long-term business ventures [20].