IPO News | Luxshare Precision Industry (002475.SZ) submits its application to the Hong Kong Stock Exchange, with expected revenue of 268.795 billion yuan in 2024.

According to the disclosure on August 18 by the Hong Kong Stock Exchange, Luxshare Precision Industry Co., Ltd. (referred to as Luxshare Precision Industry (002475.SZ)) has submitted an application for listing on the main board of the Hong Kong Stock Exchange, with CITIC SEC, Goldman Sachs, and CICC as its joint sponsors. The prospectus shows that Luxshare Precision Industry is a globally leading precision manufacturing and innovation technology company. The company is committed to providing cross-disciplinary vertical integrated development and smart manufacturing solutions for global customers in consumer electronics, automotive electronics, communication and data centers, and other fields, ranging from precision components, modules to systems. With its ultimate pursuit of breadth, depth, and precision, the company has established a distinctive full-stack development and manufacturing platform, deeply involved in various aspects of customer product design, research and development, production, and after-sales service, empowering top brands in various fields worldwide as a "ferryman," including over 100 companies in the Fortune Global 500 list. The company's products are widely used in various scenarios, for example, by 2024, one out of every two smartphones, every three smart wearable devices, and every five smart cars globally will use the company's products. According to Frost & Sullivan data, the company is ranked fourth globally and first in mainland China in the Precision Intelligent Manufacturing Solutions (PIMS) industry by 2024 revenue, and holds a leading position in consumer electronics, automotive electronics, communication and data center, and other major business lines globally. Among global precision manufacturing solution providers, the company offers the most comprehensive and diverse product portfolio. With continued outstanding performance, the company has been listed on the Fortune Global 500 list for three consecutive years from 2023 to 2025. According to Frost & Sullivan data, the global precision manufacturing solution market is steadily expanding, expected to grow from RMB 9.47 trillion in 2025 to RMB 12.18 trillion in 2029, with a compound annual growth rate of 6.5%. This steady growth is driven by multiple factors: on the demand side, the demand for high-precision products is rising in end markets such as automotive electronics, communication and data centers, with increasing requirements for functional integration, further driving the market demand for precision manufacturing solutions. In addition, the rapid development of leading-edge technologies such as copper interconnection, optical interconnection, heat management, power management, AI intelligent terminals, 3D printing, low-altitude economy, and Siasun Robot & Automation have opened up new growth curves for the global precision manufacturing solution market; on the supply side, global favorable policies promoting the development of precision manufacturing industry, technological advancements in AI, computing power infrastructure, and industrial automation accelerating the popularization of smart manufacturing, PIMS providers are vying to build "smart factories," and the intelligent upgrade of the supply side injects strong drive into the development of the global precision manufacturing solution market. Financially, the company's revenue for the years 2022, 2023, and 2024, as well as the three months ended March 31, 2025, were RMB 214.028 billion, RMB 231.905 billion, RMB 268.795 billion, and RMB 61.788 billion, respectively. During the period from 2022 to 2024, revenue growth was particularly rapid for the automotive electronics and communication and data center business lines, with compound annual growth rates of 49.6% and 19.6% respectively. Net profits during the same period were RMB 10.491 billion, RMB 12.243 billion, RMB 14.579 billion, and RMB 3.377 billion respectively.