Group 1 - Luxshare Precision, one of the major players in the Apple supply chain, has submitted a listing application to the Hong Kong Stock Exchange, aiming to raise over HKD 20 billion [3] - The company has shown impressive growth, with revenues projected to increase from CNY 214 billion in 2022 to CNY 268 billion in 2024, and profits rising from CNY 10.5 billion to CNY 14.6 billion during the same period [5] - As of March 2023, Luxshare reported a revenue of CNY 61.8 billion, an 18% year-on-year increase, and a profit of CNY 3.4 billion, up 31% year-on-year [5] Group 2 - The company is expected to achieve a net profit between CNY 6.475 billion and CNY 6.745 billion in the first half of 2025, representing a year-on-year growth of 20% to 25% [6] - Luxshare ranks fourth globally and first in mainland China in the precision manufacturing solutions industry, with its products used in one out of every two smartphones, one out of every three wearable devices, and one out of every five smart cars [6] - The company has expanded its global footprint by establishing production bases in Vietnam and other countries, and has made strategic acquisitions to enhance its competitive edge in the consumer electronics sector [7] Group 3 - Despite positive performance, the company reported a cash outflow of CNY 6.69 billion in the first quarter of this year, attributed to increased prepayments and inventory costs [8] - The gross profit margin has been declining, with figures of 11.9%, 11.1%, 10.1%, and 10.5% recorded from 2022 to the first quarter of this year, indicating potential volatility in profitability [8] - Overall, Luxshare is on an upward trajectory in terms of performance and market share, with a relatively low price-to-earnings ratio of 23 times compared to its peers, suggesting potential investment value [8]

Core Viewpoint - Luxshare Precision Industry Co., Ltd. has submitted an application for listing on the Hong Kong Stock Exchange, aiming for an "A+H" listing after being listed on the Shenzhen Stock Exchange since September 2010 [4]. Company Overview - Luxshare Precision is a precision manufacturing innovation technology company providing integrated development and manufacturing solutions across various fields, including consumer electronics, automotive electronics, and communication and data centers [4]. - According to Frost & Sullivan, Luxshare ranks fourth globally and first in mainland China in the precision manufacturing solutions (PIMS) industry by revenue in 2024, with a comprehensive and diverse product portfolio [4]. Financial Performance - Revenue and profit figures for Luxshare from 2022 to 2024 are as follows: - 2022: Revenue of 214.03 billion RMB, Profit of 10.49 billion RMB - 2023: Revenue of 231.91 billion RMB, Profit of 12.24 billion RMB - 2024: Revenue of 268.79 billion RMB, Profit of 14.58 billion RMB [6]. - In Q1 2025, Luxshare reported revenue of 61.79 billion RMB, a year-on-year increase of 17.9%, and a profit of 3.38 billion RMB, up 31.25% year-on-year [5]. Leadership - Wang Laichun, the founder and controlling shareholder of Luxshare, has a notable background, transitioning from a factory worker to a prominent business leader with a market value exceeding 200 billion RMB [7]. - Wang's compensation has seen significant growth, with 2024's salary reaching 7.33 million RMB, a 266.65% increase compared to previous years [7][8]. Wealth Ranking - Wang Laichun's wealth is estimated at 61.5 billion RMB, ranking her 362nd on the 2025 Hurun Global Rich List, an increase of 65 places from the previous year [10]. - On the 2024 Hurun China Rich List, she ranks 59th with a wealth of 62 billion RMB, becoming the richest woman in Chaoshan [10][13].

Core Viewpoint - Luxshare Precision Industry Co., Ltd. is preparing for an IPO on the Hong Kong Stock Exchange, aiming to leverage its strong market position in precision manufacturing solutions across various sectors, including consumer electronics and automotive electronics [1][2]. Company Overview - Luxshare Precision was established in 2004 and is recognized as a leading global provider of precision manufacturing solutions, ranking fourth globally and first in mainland China in the PIMS industry by revenue as of 2024 [3]. - The company serves over 100 Fortune Global 500 clients, providing a comprehensive range of products and solutions across multiple sectors [3]. Business Segments - The company operates in four main business lines: - Consumer electronics, including components and solutions for various environments [4]. - Automotive electronics, focusing on systems like intelligent cockpits and ADAS [4]. - Communication and data center products, including equipment for telecommunications and data management [4]. - Other sectors, such as medical and industrial equipment [4]. Financial Performance - Luxshare Precision's revenue for the years 2022, 2023, 2024, and the first three months of 2025 were approximately RMB 214.03 billion, RMB 231.91 billion, RMB 268.79 billion, and RMB 61.79 billion, respectively [10]. - The corresponding net profits for the same periods were RMB 10.49 billion, RMB 12.24 billion, RMB 14.58 billion, and RMB 3.38 billion [10]. Shareholder Structure - As of August 12, 2025, the major shareholders include Wang Laichun and Wang Laisheng, each holding 50% of Luxshare Hong Kong, which represents a combined ownership of approximately 37.88% [6][7]. Board of Directors - The board consists of eight members, including five executive directors and three independent non-executive directors, with Wang Laichun serving as the chairperson and general manager [9]. IPO Details - The company submitted its prospectus to the Hong Kong Stock Exchange on August 18, 2025, indicating its intention to list on the main board [1]. Advisory Team - The IPO is being sponsored by CITIC Securities, Goldman Sachs, and CICC, with various legal and auditing firms involved in the process [12][13].

| [编纂]項下的[编纂]數目 ： | [编纂]股H股(視乎[编纂]行使與否而定) | | --- | --- | | [編纂]數目 : | [编纂]股H股(可予重新分配) | | [編纂]數目 : | [編纂]股H股(可予重新分配及視乎編纂]行使與否 | | | 而定) | | 最高 编纂] : | 每股H股[編纂]港元,另加1.0%經紀佣金、0.0027% | | | 證監會交易徴費、0.00015%會財局交易徵費及 | | | 0.00565%聯交所交易費(須於申請時以港元繳足) | | 面值 : | 每股H股人民幣1.00元 | | [编纂] : [编纂] | | | 聯席保薦人、[编纂] | | 据港交所8月18日披露，立讯精密（002475）工业股份有限公司(简称：立讯精密(002475.SZ))向港交所主板递交上市申请，中信证券、高盛、中金公司 （601995）为其联席保荐人。 公司凭借对广度、深度、精度的极致追求，打造了独具特色的全栈式开发与智造平台，深度参与客户产品的设计、研发、生产以及售后等各个环节，以"摆 渡人"的角色赋能了全球各领域顶尖的品牌客户，其中包括超过100家《财富》世界500 ...

Core Viewpoint - Luxshare Precision (002475) has submitted a listing application to the Hong Kong Stock Exchange, with CITIC Securities, Goldman Sachs, and China International Capital Corporation serving as joint sponsors [1] Group 1: Company Overview - The company focuses on providing vertically integrated development and manufacturing solutions for consumer electronics, automotive electronics, communication, and data centers, deeply engaging in all stages of the product lifecycle [1] - In 2024, it is estimated that one in every two smartphones, one in every three smart wearable devices, and one in every five smart vehicles will use Luxshare Precision's products [1] - According to Frost & Sullivan, Luxshare Precision ranks fourth globally and first in mainland China in the precision manufacturing solutions (PIMS) industry by revenue in 2024 [1] - The company has been listed in the Fortune Global 500 for three consecutive years (2023-2025) [1] Group 2: Market Outlook - The global precision manufacturing solutions market is expected to steadily expand, benefiting from the demand for high-precision and highly integrated products in end markets, as well as advancements in cutting-edge technologies such as AI, robotics, and low-altitude economy [1] Group 3: Financial Performance - From 2022 to 2024, Luxshare Precision's revenue is projected to increase from RMB 214.03 billion to RMB 268.80 billion, with significant growth in the automotive electronics and communication/data center business lines [1] - During the same period, the company's annual profit is also expected to show an upward trend, rising from RMB 10.49 billion in 2022 to RMB 14.58 billion in 2024 [1]

Core Viewpoint - Lixun Precision is a leading global precision manufacturing technology company with a diversified business model covering consumer electronics, automotive electronics, and communication and data centers, providing integrated development and manufacturing solutions [1] Business Operations and Model - The company operates across multiple sectors, offering over 500 product categories and more than 260 manufacturing processes [1] - Key product examples include audio and video transmission harnesses and connectors in consumer electronics, complete vehicle harnesses and connectors in automotive electronics, and high-frequency computing transmission harnesses in communication and data centers [1] Revenue and Growth - Lixun Precision's revenue is projected to grow steadily from RMB 214 billion in 2022 to RMB 268.8 billion in 2024 [2][3] - The automotive electronics segment is expected to experience a compound annual growth rate (CAGR) of 49.6% from 2022 to 2024, while the communication and data center segment is projected to grow at a CAGR of 19.6% during the same period [3] Profitability - Net profit is anticipated to rise from RMB 10.5 billion in 2022 to RMB 14.6 billion in 2024, indicating a consistent upward trend [4][5] - The growth in net profit aligns closely with revenue growth, reflecting effective cost control and enhanced profitability during business expansion [5] Margin Stability - Gross margin has remained relatively stable from 2022 to 2024, indicating a solid operational performance within the industry [6] - Net margin is also on an upward trajectory, increasing from approximately 4.91% in 2022 to about 5.43% in 2024 [8] Business Line Structure - The consumer electronics segment currently holds a significant share of revenue, but the rapid growth of automotive electronics and communication and data center segments may alter this distribution [9] Competitive Position - Lixun Precision ranks fourth globally and first in mainland China in the precision manufacturing solutions (PIMS) industry as of 2024, maintaining a leading position across major business lines [13] - The company benefits from a comprehensive and diversified product portfolio and a globally advanced intelligent development and manufacturing system [13] Customer Base - The company serves over 4,000 clients, including more than 100 Fortune Global 500 companies, covering leading brands in consumer electronics, automotive electronics, and communication and data centers [14] Supply Chain Considerations - While specific supplier information is not disclosed, the stability of raw material supply is crucial for production operations [17] Management Team - The core management team possesses extensive industry experience, which is vital for navigating challenges and seizing growth opportunities [19]

Core Viewpoint - Luxshare Precision Industry Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, with CITIC Securities, Goldman Sachs, and CICC as joint sponsors [1] Company Overview - Luxshare Precision is a global leader in precision manufacturing and innovative technology, providing integrated development and manufacturing solutions across various fields including consumer electronics, automotive electronics, and communication and data centers [3] - The company has a unique full-stack development and manufacturing platform, deeply involved in product design, R&D, production, and after-sales service, empowering over 100 Fortune Global 500 clients [3] - By 2024, it is estimated that one in every two smartphones, one in every three wearable devices, and one in every five smart cars will use Luxshare's products [3] Market Position - According to Frost & Sullivan, Luxshare ranks fourth globally and first in mainland China in the precision manufacturing solutions (PIMS) industry by revenue in 2024, maintaining a leading position across major business lines [3] Market Growth - The global precision manufacturing solutions market is expected to grow from RMB 9.47 trillion in 2025 to RMB 12.18 trillion in 2029, with a compound annual growth rate (CAGR) of 6.5% [4] - Growth is driven by increasing demand for high-precision products in end markets such as automotive electronics and communication/data centers, as well as advancements in technologies like AI, 3D printing, and robotics [4] Financial Performance - Revenue for Luxshare in 2022, 2023, and 2024 is projected to be RMB 214.03 billion, RMB 231.91 billion, and RMB 268.79 billion respectively, with a profit of RMB 104.91 billion, RMB 122.43 billion, and RMB 145.79 billion for the same years [5][6] - The automotive electronics and communication/data center business lines are experiencing rapid revenue growth, with CAGRs of 49.6% and 19.6% respectively from 2022 to 2024 [5]