HK Stock Market Move | Luxshare Precision Industry (02475) rose nearly 6% in the early session. The company has spent approximately 1 billion yuan to repurchase shares, and institutions indicate that the business structure continues to improve.

Luxshare Precision Industry (02475) rose nearly 6% in early trading, and as of the time of publication, it is up 5.14% at HKD 57.3, with a trading volume of HKD 50.6028 million. In terms of news, Luxshare Precision Industry announced that as of July 31, the company repurchased 17.6654 million A-shares through a dedicated securities account for share buybacks via centralized bidding, accounting for 0.23% of the company's total share capital and 0.24% of the total A-share capital, with a total transaction amount of approximately RMB 1 billion. Guotou Securities International released a research report stating that Luxshare Precision Industry's revenue structure is still primarily based on consumer electronics, but the business portfolio is improving. By 2025, revenue from consumer electronics is expected to account for 79.5%; automotive electronics for 11.8%; and communication and data centers for 7.4%. The compound annual growth rates for automotive electronics and communication and data center revenue from 2023 to 2025 are projected at 106.0% and 30.0%, respectively, representing the main incremental sources for the company to mitigate reliance on a single consumer electronics cycle and a single large customer.