Luxshare Precision submits listing application to Hong Kong Stock Exchange

On February 27, according to documents disclosed by the Hong Kong Stock Exchange, Luxshare Precision, a precision intelligent manufacturing innovation technology company, officially submitted an application for listing. CITIC Securities, Goldman Sachs and CICC served as joint sponsors for the listing.

Information shows that Luxshare Precision was founded in 2004 and is committed to providing cross-domain vertically integrated development and intelligent manufacturing solutions from precision components, modules to systems for end markets such as consumer electronics, automotive electronics, communications and data centers.

Financial data shows that Luxshare Precision has achieved steady growth during the track record period. From 2022 to 2024, the company's annual revenue will be 214.028 billion yuan, 231.905 billion yuan and 268.795 billion yuan respectively. In the first nine months of 2025, the company achieved revenue of 220.915 billion yuan, a year-on-year increase of 24.7%. In terms of profits, the net profits from 2022 to 2024 will be 10.491 billion yuan, 12.243 billion yuan and 14.579 billion yuan respectively, and the net profit in the first nine months of 2025 will reach 12.728 billion yuan.

Currently, Luxshare Precision’s business consists of four main business lines, and consumer electronics is still its core business, contributing nearly 80% of revenue in the first nine months of 2025. At the same time, the two emerging business sectors of automotive electronics, communications and data centers are growing rapidly. Among them, the revenue of the automotive electronics business in the first nine months of 2025 will reach 23.688 billion yuan, accounting for 10.7%.

In terms of business development, Luxshare Precision has strengthened its core competitiveness through multiple strategic acquisitions in recent years. In 2024, the company successively launched the acquisition of Leoni's business, significantly enhancing its position in the global automotive wiring harness market. In addition, through the acquisition of Verizon business and Wingtech related assets, the company has further consolidated its advantages in the field of radio frequency devices and consumer electronics customized business.

Luxshare Precision stated in its prospectus that the funds raised from this listing will be mainly used to expand production capacity and upgrade existing production bases, especially to enhance the delivery capabilities of automotive electronics and consumer electronics businesses. In addition, funds will also be invested in technology research and development, including next-generation smart terminals, smart driving systems and high-speed interconnected products, and will continue to upgrade the intelligent development and manufacturing system to achieve green manufacturing and efficient operations.

As of September 30, 2025, Luxshare Precision has 105 production bases around the world, covering five continents. The company stated that in the future, it will continue to deepen its global layout, enhance its global localization service and delivery capabilities, and actively seek high-quality investment targets in upstream and downstream industries to drive long-term growth and create value for shareholders.