SHE:002475

Market Chatter: Luxshare Precision Industry Eyes Up to $3 Billion in Hong Kong Listing

Luxshare Precision Industry (SHE:002475) is expected to launch its Hong Kong initial public offering as early as next month, seeking to raise up to $3 billion, The Standard reported, citing IFR.The Shenzhen-listed company said last week that it had applied to issue overseas-listed foreign shares and list them on the main board of the Hong Kong Stock Exchange.It has also reportedly received approval from the China Securities Regulatory Commission for the proposed offering.Luxshare plans to issue no more than 441 million overseas-listed ordinary shares in the offering, according to the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Luxshare Precision Industry Nears Convertible Bond Redemption Trigger; Shares Up 4%

Luxshare Precision Industry (SHE:002475) said its share price has closed at or above 72.76 yuan, 130% of the 55.97 yuan conversion price of its convertible bond, for 10 trading days through June 2.If the company's shares hit this level for five more days within the next 20 trading days, the conditional redemption clause will be triggered, giving the board the right to redeem all outstanding unconverted bonds at par value plus accrued interest.The bonds, which mature in November, were issued in December 2020 for 3 billion yuan.Shares of the electronic components manufacturer rose 4% in recent trade.

China Fines Luxshare Precision 900,000 Yuan Over Unreported Wingtech Deal

China's market regulator fined Luxshare Precision Industry (SHE:002475) 900,000 yuan for failing to notify authorities before acquiring another business, according to a notice published Wednesday.The penalty stems from Luxshare's purchase of electronics manufacturing operations from Wingtech Technology (SHA:600745).The transaction closed in January 2025 without prior anti-monopoly notification, violating the country's Anti-Monopoly Law. However, the authority determined that the deal does not restrict competition.Shares of Luxshare fell 2%, while those of Wingtech jumped 5% in early-morning trade in China.

Jefferies Adjusts Luxshare Precision Industry's Price Target to 80 Yuan from 75 Yuan, Keeps at Buy

Luxshare Precision's Q1 Profit Jumps 20% as Revenue Surges 36%

Luxshare Precision Industry (SHE:002475) reported a 20% year-over-year increase in attributable net profit in the first quarter to 3.66 billion yuan from 3.04 billion yuan.Earnings per share rose to 0.49 yuan from 0.42 yuan, according to a Wednesday filing with the Shenzhen Stock Exchange.Revenue climbed 36% year over year to 83.9 billion yuan from 61.8 billion yuan.Luxshare assembles iPhones, AirPods and Vision Pro headsets for Apple.

Time Interconnect to Buy Remaining 51% of Time Interconnect Singapore; Shares Slip 6%

Time Interconnect Technology (HKG:1729) has agreed to acquire the remaining stake in Time Interconnect Singapore from its controlling shareholder, Luxshare Precision Industry (SHE:002475), according to a Thursday Hong Kong bourse filing.Shares of the cable assembly business were down nearly 6% in Friday afternoon trade.The acquisition is valued at $12.7 million, the filing said.Time Interconnect Singapore is currently owned 49% by the company and 51% by Luxshare Precision.Separately, the company said it has entered into a supplemental agreement with Luxshare Precision Industry to revise annual caps for continuing transactions.The revised caps were increased to HK$3.5 billion for 2026, HK$5.3 billion for 2027, and HK$5.8 billion for 2028.

Jefferies Adjusts Luxshare Precision Industry's Price Target to 75 Yuan From 73 Yuan, Keeps at Buy

Luxshare Precision Industry (SHE:002475) has an average rating of buy and mean price target of 73.09 yuan, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

Luxshare Precision Industry Logs 24% Rise in 2025 Profit, Revenue

Luxshare Precision Industry Co (SHE:002475) posted 2025 attributable net profit of 16.6 billion yuan, up 24% from 13.4 billion yuan the previous year.Earnings per share rose to 2.26 yuan from 1.85 yuan, according to a Wednesday filing with the Shenzhen bourse.Operating revenue climbed 24% year over year to 332.3 billion yuan from 268.8 billion yuan.The company makes connectors for computers, communication devices, consumer electronics products and automobiles. Its shares rose 1% in recent trade.