New stock news | Luxshare Precision Industry (02475) has completed its initial public offering with a subscription amount of HK $5.947 billion, oversubscribed by 1.45 times.

Precision smart manufacturing solution provider Luxshare Precision Industry (02475) launched its initial public offering from June 30, 2026, to July 6, 2026, and the latest public offering has now ended. According to market news, Luxshare Precision Industry has received 5.947 billion Hong Kong dollars worth of margin loans from securities firms, based on a public fundraising amount of 2.427 billion Hong Kong dollars, oversubscribed by 1.45 times. Luxshare Precision Industry plans to globally offer 383 million H shares, with approximately 10% for public offering in Hong Kong and approximately 90% for international offering, with an additional 15% for over-allotment option. The offering price per share will not exceed 63.28 Hong Kong dollars, with a board lot of 100 shares and an entry fee of 6391.82 Hong Kong dollars. The company expects the H shares to be listed for trading on July 9 (Thursday), with CITIC SEC, Goldman Sachs, CICC as its joint sponsors. In this issuance, Luxshare Precision Industry has introduced more than 20 cornerstone investors such as Taibai, True Light, HHLRA, GIC, CPE Neem, Hong Kong Jinglin, Foresight Funds, ADIA, UBS AM Singapore, with a total subscription amount of 1.5 billion US dollars. Based on the highest offering price of 63.28 Hong Kong dollars per share, cornerstone investors have subscribed to approximately 186 million H shares, accounting for about 48.44% of the total H shares under global offering. According to Frost & Sullivan's data in the prospectus, based on revenue from 2025, Luxshare Precision Industry is the largest precision smart manufacturing solution provider in Mainland China and the fifth largest globally. As an innovative technology company, the company is dedicated to providing cross-disciplinary vertical integrated development and manufacturing solutions from precision components, modules to systems for global customers in the consumer electronics, automotive electronics, communications, data centers, and other terminal markets. In particular, based on Frost & Sullivan's data for 2025 revenue, the company ranks second globally in the consumer electronics components and modules PIMS market, first in Mainland China, with a global market share of 11.2%. Starting from precision components in the consumer electronics sector, the company has expanded its product portfolio and application areas through organic growth, acquisitions, and strategic partnerships to become a cross-disciplinary integrated precision smart manufacturing solution provider, offering vertical integrated PIMS for all major categories of consumer electronics products, including smartphones, laptops, tablets, smart wearables, smart acoustic terminals, smart home devices, and outdoor electronic products. While consolidating its leadership position in consumer electronics products, the company has successfully replicated this model in areas such as automotive electronics and communications and data centers. According to Frost & Sullivan's data, the company has the most comprehensive and diversified product portfolio among global PIMS providers, covering more than 500 product categories under customs codes. With its large and diverse business, the company is capable of capturing the vast market opportunities in other cutting-edge industries such as AI smart terminals, 3D printing, low-altitude economy, and Siasun Robot & Automation. Financially, in the fiscal years 2023, 2024, and 2025, the company achieved revenues of approximately 231.90 billion yuan, 268.80 billion yuan, and 332.34 billion yuan respectively, with net profits of approximately 12.243 billion yuan, 14.579 billion yuan, and 18.170 billion yuan respectively. According to the group's strategy, Luxshare Precision Industry plans to allocate approximately 35% of the net proceeds from the global offering to expand the group's production capacity and upgrade its existing production bases; approximately 30% will be allocated to investment in technology research and development; approximately 15% will be allocated to investment in high-quality targets in the upstream and downstream industries or related industries; about 10% will be used to repay existing interest-bearing bank loans for operational funds; and about 10% will be used for operational funds and other general corporate purposes.