融券方面，创益通8月26日融券偿还0.00股，融券卖出0.00股，按当日收盘价计算，卖出金额0.00元；融 券余量0.00股，融券余额0.00元，超过近一年90%分位水平，处于高位。 责任编辑：小浪快报 资料显示，深圳市创益通技术股份有限公司位于广东省深圳市光明区凤凰街道东坑社区长丰工业园第4 栋101-501,第11栋，成立日期2003年9月25日，上市日期2021年5月20日，公司主营业务涉及研发设计和 精密制造为核心,向客户提供精密连接器、连接线、精密结构件等互连产品的国家高新技术企业,产品按 照应用领域主要包括数据存储互连产品及组件、消费电子互连产品及组件、新能源精密结构件等。主营 业务收入构成为：消费电子互连产品及组件58.42%，数据存储互连产品及组件22.68%，新能源精密连 接器及结构件12.63%，其他(补充)2.86%，通讯连接器产品及组件2.20%，其他1.21%。 8月26日，创益通跌3.00%，成交额6.68亿元。两融数据显示，当日创益通获融资买入额9599.80万元， 融资偿还6569.02万元，融资净买入3030.77万元。截至8月26日，创益通融资融券余额合计3.57亿元。 截 ...

立讯精密(002475.SZ) 业绩符合预期，三季报预增 推荐 ( 维持) 股价:42.95元 主要数据 公 司 报 告 电子 2025年08月26日 | 行业 | 电子 | | --- | --- | | 公司网址 | www.luxshare-ict.com | | 大股东/持股 | 立讯有限公司/37.67% | | 实际控制人 | 王来胜,王来春 | | 总股本(百万股) | 7,252 | | 流通A股(百万股) | 7,239 | | 流通B/H股(百万股) | | | 总市值(亿元) | 3,115 | | 流通A股市值(亿元) | 3,109 | | 每股净资产(元) | 10.23 | | 资产负债率(%) | 62.9 | 行情走势图 证券分析师 | 徐勇 | 投资咨询资格编号 | | --- | --- | | | S1060519090004 | | | XUYONG318@pingan.com.cn | | 杨钟 | 投资咨询资格编号 | | | S1060525080001 | | | yangzhong035@pingan.com.cn | 事项： 公 司 公 布 2025 年 ...

Core Viewpoint - Luxshare Precision's stock price increased by 0.42% to 38.17 yuan as of August 12, 2025, indicating positive market sentiment towards the company [1] Group 1: Company Overview - Luxshare Precision specializes in the research, production, and sales of connectors, cables, motors, and wireless charging products, serving various sectors including consumer electronics, communications, and automotive [1] - The company is a significant supplier within the consumer electronics supply chain [1] Group 2: Financial Performance - On August 11, 2025, Luxshare Precision announced adjustments to the exercise prices of its stock option incentive plans for the years 2019, 2021, 2022, and 2025, with new prices set at 12.85 yuan, 35.13 yuan, 29.72 yuan, and 25.15 yuan per share respectively [1] - On August 12, 2025, the net outflow of main funds for Luxshare Precision was 48.49 million yuan, accounting for 0.02% of its circulating market value [1] - Over the past five days, the net inflow of main funds was 565.72 million yuan, representing 0.2% of its circulating market value [1]

Core Viewpoint - The company, Dianlian Technology, is actively expanding its stake in its subsidiary, aiming to enhance its market position in the micro-connector and interconnection systems industry [1] Group 1: Company Overview - Dianlian Technology's stock price closed at 48.34 yuan on August 7, 2025, reflecting a decrease of 1.19% from the previous trading day [1] - The trading volume on that day was 104,674 hands, with a total transaction amount of 512 million yuan [1] - The company specializes in the research, design, manufacturing, and sales of micro-connectors, interconnection systems, PogoPin products, and PCB soft board products [1] - Its products are widely used in smart mobile terminals, wearable electronics, and automotive electronics [1] Group 2: Recent Developments - On the evening of August 6, Dianlian Technology announced plans to acquire a 39% stake in its subsidiary, Shenzhen Aimers Technology Co., Ltd., for 180 million yuan [1] - Following the transaction, the company's ownership in Aimers will increase from 51% to 90% [1] - Aimers is recognized as a national high-tech enterprise specializing in the research and production of PogoPin connectors and connecting wires [1] - According to the agreement, the counterparty guarantees that Aimers' audited net profit for 2025 will not be less than 39 million yuan [1]

Core Viewpoint - Luxshare Precision is actively expanding its overseas capital market presence by planning an IPO in Hong Kong, reflecting a strategic move to enhance its market position in the consumer electronics sector [1]. Company Overview - As of August 4, 2025, Luxshare Precision's stock price closed at 36.24 yuan, down 1.09% from the previous trading day. The trading volume reached 2.891 billion yuan, with a turnover rate of 1.11% [1]. - The stock opened at 36.12 yuan, peaked at 36.39 yuan, and dipped to a low of 35.80 yuan, showing a volatility of 1.61% [1]. - Luxshare Precision is a significant player in the consumer electronics industry, focusing on the research, production, and sales of connectors, cables, motors, and wireless charging products. The company is headquartered in Guangdong and is part of the Shenzhen Special Economic Zone [1]. Market Activity - On August 4, 2025, the net outflow of main funds for Luxshare Precision was 124 million yuan, accounting for 0.05% of its circulating market value. Over the past five trading days, the cumulative net outflow reached 786 million yuan, representing 0.3% of its circulating market value [1]. - In July, a total of 17 A-share listed companies announced plans for their first IPOs in Hong Kong, marking a monthly record for the year. Luxshare Precision is among these companies, indicating its proactive approach to international market expansion [1].

Group 1 - The core point of the article is that Luxshare Precision is planning to issue shares overseas (H-shares) and prepare for listing on the Hong Kong Stock Exchange to enhance its global strategy and financing capabilities [1][4] - Luxshare Precision, founded in 2004, has evolved from a traditional OEM focused on computer connectors to a leading player in the electronic precision manufacturing sector, now serving major clients like Apple [4][6] - As of July 3, Luxshare Precision's stock price was 35.77 yuan per share, with a total market capitalization of 259.4 billion yuan [4] Group 2 - In 2024, Luxshare Precision reported a revenue of 268.795 billion yuan, representing a year-on-year growth of 15.91%, with 83.37% of this revenue coming from the consumer electronics sector [6] - The founder of Luxshare Precision, Wang Laichun, was ranked first in Fortune's list of the most influential businesswomen in China for 2025, marking her third consecutive year in this position [6]

Transaction Overview - Shenzhen Xinhao Optoelectronics Technology Co., Ltd. plans to transfer 100% equity of its wholly-owned subsidiary Anhui Xinguang to Luxshare Precision Industry Co., Ltd. [1][2] - The transaction is currently in the preliminary planning stage, and the final agreement is subject to further negotiation and approval processes [1][2]. Related Party Information - Luxshare Precision is considered a related party due to the connection of its actual controller with a significant shareholder of Xinhao Optoelectronics [2]. - Luxshare Precision has total assets of approximately 223.83 billion RMB and net profit of approximately 13.37 billion RMB as of the end of 2024 [2]. Transaction Details - The intention agreement was signed on June 22, 2025, and outlines the preliminary terms of the equity transfer [3][4]. - The transfer price will be determined after due diligence and evaluation processes are completed [5]. Agreement Provisions - The agreement includes a 60-day exclusivity period during which Xinhao Optoelectronics cannot negotiate with other potential buyers without Luxshare Precision's consent [5]. - Both parties are required to maintain confidentiality regarding the agreement and any related information [6]. Impact on Company - The transfer of Anhui Xinguang's equity is expected to optimize the company's industrial layout and resource allocation, allowing it to focus on its glass protective screen business and mixed energy storage projects [7]. - The final transaction price remains undetermined, and the completion of the transaction is subject to necessary approvals, which introduces uncertainty [7].

Core Viewpoint - The company reported a revenue of 268.795 billion yuan for 2024, representing a year-on-year increase of 15.91%, and a net profit attributable to shareholders of 13.366 billion yuan, up 22.03% year-on-year [1][2] Financial Performance - The company achieved a revenue of 268.795 billion yuan in 2024, with a net profit of 13.366 billion yuan, and a non-recurring net profit of 11.694 billion yuan, reflecting a growth of 14.81% year-on-year [2][3] - The overall gross margin and net margin for 2024 were 10.41% (down 1.17 percentage points year-on-year) and 5.42% (up 0.14 percentage points year-on-year) respectively [2] - For Q1 2025, the company reported a revenue of 61.788 billion yuan, a 17.90% increase year-on-year, and a net profit of 3.044 billion yuan, up 23.17% year-on-year [2] Business Segments - Revenue from various business segments in 2024 included: consumer electronics at 224.094 billion yuan (up 13.65% YoY), computers at 9.002 billion yuan (up 20.15% YoY), automotive at 13.758 billion yuan (up 48.69% YoY), and communications products at 18.360 billion yuan (up 26.29% YoY) [2] - The revenue share for these segments was 83.37%, 3.35%, 5.12%, and 6.83% respectively [2] Operational Efficiency - The company maintained good control over expenses, with sales expense ratio at 0.39% (up 0.01 percentage points YoY), management expense ratio at 2.36% (down 0.03 percentage points YoY), financial expense ratio at -0.19% (down 0.40 percentage points YoY), and R&D expense ratio at 3.18% (down 0.35 percentage points YoY) [3] - The company has a comprehensive vertical integration capability, covering key materials, components, modules, and core processes [3] Strategic Developments - The company initiated the acquisition of German automotive wiring harness manufacturer Leoni Group in September 2024, aiming for resource sharing and strategic synergy [5] - The company is expanding its presence in communication and automotive sectors while enhancing its consumer electronics market share [5] Future Outlook - The company forecasts a net profit for the first half of 2025 to be between 6.475 billion yuan and 6.745 billion yuan, with a non-recurring net profit between 5.191 billion yuan and 5.711 billion yuan [3] - Profit forecasts for 2025-2027 are projected at 16.140 billion yuan, 19.204 billion yuan, and 22.637 billion yuan respectively, with corresponding P/E ratios of 14, 12, and 10 [5]

Group 1: Company Performance and Financials - The main reasons for the company's revenue growth in 2024 include a recovery in the macroeconomic environment and the consumer electronics industry, leading to increased production and sales in the connector industry [2] - The subsidiary Huizhou Chuangyitong Electronics Technology Co., Ltd. achieved a revenue of 285.25 million yuan in 2024, a significant increase of 117.32% year-on-year [2][5] - The company's overall gross profit margin for 2024 was 22.82%, a decrease of 4.33 percentage points compared to the previous year, primarily due to a change in the sales structure [5] Group 2: Profit Distribution and Shareholder Information - The profit distribution plan for 2024 proposes a cash dividend of 0.30 yuan per 10 shares, totaling 4.32 million yuan, subject to approval at the annual shareholders' meeting [3] - As of April 18, 2025, the total number of shareholders is 15,755 [5] Group 3: Research and Development - In 2024, the company invested approximately 40.58 million yuan in R&D, accounting for 5.89% of its revenue, focusing on sectors such as new energy, medical, consumer electronics, and data storage [5] Group 4: Business Strategy and Market Position - The company aims to maintain its core business in high-speed precision connectors while diversifying its application areas and enhancing quality control and talent management [6] - The company has established long-term partnerships with well-known clients such as Shengdie Semiconductor, Molex, Xiaomi, and Anker Innovation [4] Group 5: Impact of External Factors - Over 85% of the company's sales are domestic, minimizing the impact of increased tariffs on its operations [3] - The company has set up a wholly-owned subsidiary in Malaysia as part of its overseas production base strategy, expected to begin production in the second half of 2025 [6]

Investment Rating - The investment rating for Luxshare Precision (002475.SZ) is "Recommended" (maintained) with a current stock price of 31.61 CNY [1]. Core Views - The company is expected to achieve a revenue of 268.795 billion CNY in 2024, representing a year-over-year growth of 15.91%, and a net profit attributable to shareholders of 13.366 billion CNY, reflecting a 22.03% increase year-over-year [3][6]. - The company plans to distribute a cash dividend of 2 CNY per 10 shares to all shareholders [3]. - The overall gross margin and net margin for 2024 are projected to be 10.41% (down 1.17 percentage points year-over-year) and 5.42% (up 0.14 percentage points year-over-year), respectively [6]. Summary by Sections Financial Performance - In 2024, the company is expected to generate revenues of 268.795 billion CNY, with a year-over-year growth of 15.91% [5]. - The net profit for 2024 is projected at 13.366 billion CNY, marking a 22.03% increase year-over-year [5]. - The first quarter of 2025 is anticipated to show revenues of 61.788 billion CNY (up 17.90% year-over-year) and a net profit of 3.044 billion CNY (up 23.17% year-over-year) [6]. Business Segments - Revenue from various business segments in 2024 is expected to be as follows: Consumer Electronics 224.094 billion CNY (up 13.65% YoY), Computers 9.002 billion CNY (up 20.15% YoY), Automotive 13.758 billion CNY (up 48.69% YoY), and Communications 18.360 billion CNY (up 26.29% YoY) [6]. - The company is actively expanding its product layout from consumer electronics to a diversified range of components, modules, and accessories, including connectors, acoustic products, antennas, and wireless charging systems [7]. Future Outlook - The company has adjusted its profit forecasts for 2025-2027, expecting net profits of 16.140 billion CNY, 19.204 billion CNY, and 22.637 billion CNY, respectively, with corresponding P/E ratios of 14, 12, and 10 times [8]. - The company is also pursuing strategic acquisitions, such as the planned acquisition of the German automotive wiring harness manufacturer Leoni Group, which is expected to enhance product development and market expansion [7].