立讯精密_强劲的汽车_通信业务贡献提升；整合好于预期；重申超配

Asia Pacific Equity Research 28 August 2025 Luxshare - A Rising contribution from strong auto/communication; better-than-expected consolidation; reiterate OW ▲ During the earnings call, management addressed: 1) strong revenue growth in auto and communication segments in 1H25, attributable to positive portfolio expansion, which is expected to boost growth continuously; 2) sustainable and resilient growth outlook, even in a complex macro situation, backed by its diversified business, globalized capacity, high ...