2025年12月31日晚，立讯精密发布公告，公司拟以不低于10亿元、不高于20亿元回购公司已经发行的股 票，回购价格不超过86.96元/股，以此释放未来发展信心。 其实，这也是对立讯精密实际控制人王来春回购提议的回应。此前，王来春曾提议公司通过二级市场回 购公司股票。 刚刚过去的2025年，立讯精密的股价累计上涨约40%，目前的市值为4132亿元。 近几年，动作频频的立讯精密经营业绩稳健增长。2022年至2024年，公司归母净利润同比增长幅度均达 到20%左右。2025年前三季度，其归母净利润为115.18亿元，同比增长26.92%，延续快速增长势头。公 司预计，2025年全年，盈利逾165亿元。 2025年11月，在接受特定对象调研时，王来春表示，在AI算力板块，公司完成了从0到1、再从1到10的 最艰难突破。 立讯精密投入了大量资金进行研发。2025年前三季度，公司研发投入81.70亿元，同比增长16.76%。 大手笔回购及分红 立讯精密积极回报股东和投资者。 "果链"企业 立讯精密 （002475.SZ）计划大手笔回购股票。 二级市场上，立讯精密的股价并未明显下跌，相反，公司股价有明显上涨。2025年， ...

Core Insights - The company has maintained a resilient approach to business, focusing on balanced development across short, medium, and long-term strategies, while leveraging both organic growth and mergers and acquisitions to seize industry opportunities [2][3] - The company aims to become a trusted partner in the smart manufacturing sector, with a vision to enhance market confidence through high-quality products [6] Company Overview - Lixun Precision has a strong foundation in core technologies and cross-industry collaboration, which has enabled it to achieve significant advancements in various fields, including automotive and AI [4][6] - The company emphasizes a dual-driven model of ODM and OEM to maximize manufacturing value and enhance product understanding [5] Automotive Business - The automotive division has developed a comprehensive product line, including connectors, wiring harnesses, intelligent control, and power systems, with a goal to become a leading Chinese automotive connector manufacturer by 2027 [12][13] - The company has made significant investments in high-voltage and high-speed connectors, with expectations of rapid growth in these segments [13][14] AI and Data Center Business - The AI division is focused on providing comprehensive solutions in copper and optical interconnects, thermal management, and power products, aiming to support the evolving AI hardware ecosystem [8][10] - The company is actively developing its capabilities in AI and humanoid robotics, with plans to enhance production lines and improve product quality [21][30] Financial Performance - The company has shown strong performance in its fund management, with the best-performing fund achieving a return of 33.35% over the past year [1] - The management emphasizes profit-oriented growth, focusing on improving profit margins rather than just revenue growth [32][36] Strategic Goals - The company aims to establish itself among the top five global automotive Tier 1 suppliers within the next 5 to 10 years, leveraging its extensive product offerings and global manufacturing footprint [26][35] - The company is committed to continuous innovation and development in AI hardware, with a focus on infrastructure and core components [36][37]