Luxshare Precision files for Hong Kong listing

Luxshare Precision files for Hong Kong listing

Luxshare Precision Files for Hong Kong Listing Amid Strong Financial Performance

Luxshare Precision Industry Co., Ltd. (002475.SZ) has officially submitted its application for a Hong Kong initial public offering (IPO), marking a strategic move to expand its global capital presence. The filing, announced on August 18, 2025, follows the company's robust financial performance in the first half of 2025, with operating income reaching RMB 124.503 billion—a 20.18% year-on-year increase—and net profit attributable to shareholders growing by 23.13% to RMB 6.644 billion.

The company's diversified business model, spanning consumer electronics, communications/data centers, and automotive electronics, drove this growth. The consumer electronics segment, contributing 87.5% of net sales, saw RMB 97.799 billion in revenue for H1 2025, while the communications and data center sector grew by 48.65% year-on-year to RMB 11.098 billion. Automotive electronics, the fastest-growing segment, surged by 82.07% to RMB 8.658 billion, reflecting increased demand for intelligent automotive solutions.

Strategic acquisitions in 2025 further strengthened Luxshare's market position. These included the acquisition of Wingtech Technology subsidiaries to enhance ODM capabilities and a 50.1% stake in German automotive wiring harness firm Leoni AG. The company also completed a placing of new shares under its general mandate in February 2026, signaling progress in its capital-raising efforts.

Luxshare Precision plans to use IPO proceeds to expand production capacity, advance R&D in AI-driven technologies, and pursue strategic acquisitions. Ranked fourth globally in the Precision Intelligent Manufacturing Solutions (PIMS) industry, the company aims to leverage Hong Kong's capital markets to accelerate its international expansion. With 93.2% of net sales generated overseas, Luxshare's listing aligns with its goal to deepen global market penetration.

The IPO application underscores Luxshare Precision's confidence in its growth trajectory amid evolving global demand for advanced manufacturing solutions.