SHE:002475

Luxshare Precision Cuts Option Exercise Prices, Adopts China Accounting Standards

Luxshare Precision Industry (HKG:2475, SHE:002475) has lowered the exercise prices of share options granted under its 2021, 2022 and 2025 employee incentive plans following the payment of its 2025 final dividend, according to a Tuesday Hong Kong bourse filing.The exercise price under the 2021 plan was reduced to 34.83 yuan per A share from 34.97 yuan, while the 2022 plan was adjusted to 29.42 yuan from 29.56 yuan.The exercise price under the 2025 plan was lowered to 24.85 yuan from 24.99 yuan.Separately, the company said it will adopt the China Accounting Standards for Business Enterprises to prepare its consolidated financial statements beginning with its interim results, replacing IFRS for its Hong Kong reporting.

Luxshare Precision Industry Corporate Bonds to Resume Conversion; Shares Fall 6%

Luxshare Precision Industry (HKG:2475, SHE:002475) said its convertible corporate bonds with code 128136 will resume conversion starting July 20.The bonds were suspended from July 7 due to the 2025 annual equity distribution plan, according to a Friday filing with the Shenzhen bourse.Shares of the consumer electronics manufacturer fell 6% in recent trade on the Hong Kong bourse and 5% in Shenzhen.

Hong Kong Stocks Decline as Tech Volatility Persists; Seven Firms See Mixed Debuts

Hong Kong stocks closed lower Thursday as renewed tensions in the Middle East and another bout of volatility in regional technology shares weighed on investor sentiment.The Hang Seng Index fell 0.7%, or 169.28 points, to close at 24,030.18, while the Hang Seng China Enterprises Index dropped 1.1%, or 86.93 points, to finish at 7,997.29.Technology shares remained under pressure as the recent semiconductor-led rally faded, even as broader regional markets recovered from recent heavy losses.Meanwhile, U.S. President Donald Trump said on Wednesday the interim agreement with Iran to end the conflict was "over," although he later said he did not expect a return to full-scale war.Oil prices rose for a third straight session as Washington carried out another round of strikes against Iran.In corporate news, seven firms listed on the main board, marking one of the year's busiest days for debuts.Luxshare Precision Industry (HKG:2475, SHE:002475) ended the session nearly 2% lower at HK$62.30 versus its offer price of HK$63.28Chaozhou Three-Circle (HKG:6951, SHE:300408) closed nearly 5% higher at HK$105.00, compared with its offer price of HK$100.30.Rigol Technologies (HKG:0537, SHA:688337) ended the session over 37% lower at HK$28.80, versus its offer price of HK$45.98.DKE (HKG:1770) closed 2% higher at HK$80.00, compared with its offer price of HK$78.64.Guangdong Dtech Technology (SHE:301377, HKG:1377) ended the session 2% lower at HK$373.20, versus its offer price of HK$380.Jiangxi Qiyunshan Food (HKG:2797) advanced nearly 163% to close at HK$21, compared with its offer price of HK$8.Rokae (Shandong) Robotics (HKG:3752) ended the session 15% higher at HK$43.78, versus its offer price of HK$38.

Luxshare Precision Industry Nets HK$24 Billion in Hong Kong IPO

Luxshare Precision Industry (SHE:002475, HKG:2475) raised HK$24.04 billion in net proceeds from its initial public offering in Hong Kong.The final offer price was set at HK$63.28 per H-share, according to a Wednesday after-market filing with the Hong Kong Stock Exchange.The consumer electronics manufacturer offered 383.5 million H-shares in the global offering.The Hong Kong public offer was 3.78 times subscribed, with a final allocation of 38.3 million shares, representing 10% of the total offering.The international offering was 9.46 times subscribed, with a final allocation of 345.1 million shares, or 90% of the total offering.An over-allocation of 57.5 million shares was made under the global offering.Cornerstone investors, including Taibai Investments, HHLR Advisors, GIC Private, CPE Neem Investment, Greenwoods Asset Management Hong Kong, Abu Dhabi Investment Authority, and others, were allotted a combined 185.7 million shares, representing 48.44% of the global offering, according to the filing.Luxshare Precision is scheduled to debut on the Hong Kong bourse on Thursday, July 9.

Luxshare Precision Makes Tepid Hong Kong Debut as Shares Open Flat

Luxshare Precision Industry (HKG:2475; SHE:002475) saw a tepid stock market debut as its shares opened virtually unchanged in their maiden trading in Hong Kong on Thursday morning.The consumer electronics manufacturer opened at HK$63.25 per share, compared with the offer price of HK$63.28.

Hong Kong Stocks Fall Amid Middle East Uncertainty; Nine Firms File for IPO

Hong Kong stocks closed lower Tuesday as uncertainty returned in the Middle East, raising bets for a U.S. rate hike.The Hang Seng Index fell by around 145.66 points, or roughly 0.6%, to end at 22,881.02, while the Hang Seng China Enterprises Index decreased by 47.04 points, or 0.6%, to end at 7,558.30.U.S. President Donald Trump said U.S. and Iranian officials will meet in Qatar on Tuesday after Tehran "requested" talks following days of reciprocal attacks that strained their interim agreement, according to AL Jazeera.However, Iranian Foreign Ministry spokesman Esmaeil Baghaei said the Iranian delegation has no talks scheduled with the U.S. and is visiting Qatar only to secure the release of frozen assets.Investors are now eyeing progress in the possible U.S.-Iran talks and U.S. June jobs data, scheduled to be released Thursday, for hints on the U.S. Federal Reserve's interest rate decision at its July 28-29 meeting.So far, traders are pricing in about a 64% probability of a September increase, Reuters reported, citing the CME FedWatch tool.In local development, the bad-loan ratio across Hong Kong banks declined in the first quarter of 2026, according to a quarterly update released by the Hong Kong Monetary Authority.The classified loan ratio of the banking sector decreased to 1.87% at the end of March from 2.01% at the end of December 2025, the HKMA said.In corporate news, nine firms filed to go public in Hong Kong in one of the busiest days for initial public offering filings.Among the companies looking to go public were Alibaba-backed Chaozhou Three-Circle (HKG:6951, SHE:300408), Befar Group (HKG:6745, SHA:601678), Nexchip Semiconductor (China) (HKG:2249), and Luxshare Precision Industry (SHE:002475, HKG:2475).Others included Jiangxi Qiyunshan Food (HKG:2797), Guangdong Dtech Technology (HKG:1377), and Rokae (Shandong) Robotics Group (HKG:3752).EKH (HKG:2523) and Rigol Technologies (HKG:0537, SHA:688337) are also among the firms looking to go public.

Luxshare Precision Launches HK$24 Billion Hong Kong IPO, Gets Tencent as Cornerstone Investor

Luxshare Precision Industry (SHE:002475, HKG:2475) launched its Hong Kong initial public offering on Tuesday, seeking to raise up to HK$24.3 billion.The consumer electronics manufacturer is offering 383.5 million H shares at a maximum price of HK$63.28 each, according to a Hong Kong bourse filing.The offering comprises 38.3 million shares for Hong Kong investors and 345.1 million shares for international investors, subject to reallocation and the overallotment option.The offer price is expected to be determined by July 7, with allocation results due by July 8, ahead of the company's planned trading debut on July 9.Net proceeds will be used primarily to expand production capacity for the company's automotive electronics and consumer electronics businesses, invest in research and development, enhance intelligent manufacturing capabilities, and pursue strategic investments and acquisitions.The company also plans to use the funds to repay certain interest-bearing bank borrowings and for working capital.The offering has attracted cornerstone investors, including Temasek, GIC, HHLRA, Taibai, Tencent (HKG:0700), Fidelity International, Oaktree, and ADIA, which have agreed to subscribe for shares totaling $1.50 billion.CITIC Securities (Hong Kong), Goldman Sachs (Asia) and CICC Hong Kong Securities are serving as joint sponsors, sponsor-overall coordinators, overall coordinators, joint global coordinators, joint bookrunners and joint lead managers.HSBC, GF Securities (Hong Kong) Brokerage and Guosen Securities (HK) Capital are serving as joint global coordinators, joint bookrunners and joint lead managers, according to the prospectus.

Luxshare Precision Industry Publishes Hong Kong Listing Hearing Documents

Luxshare Precision Industry (SHE:002475) published its post-hearing information packets on the Hong Kong Stock Exchange website following the listing hearing on June 18.The electronic components manufacturer originally submitted its listing application in August 2025 and updated it in February, according to a Thursday filing with the Shenzhen bourse.Shares of Luxshare Precision Industry slid 1% in recent trade.

Luxshare Precision Industry Advances Hong Kong Listing Application; Shares Jump 10%

Luxshare Precision Industry Co (SHE:002475) said the Hong Kong bourse has reviewed its listing application after the June 18 hearing.The proposed listing of still requires final clearance from the Hong Kong bourse and Securities and Futures Commission, according to a Wednesday filing with the Shanghai bourse.Earlier in June, the electronic components manufacturer applied for listing of over 441 million shares, seeking to raise up to $3 billion.Shares of Luxshare Precision Industry were up 10% in recent trade.

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://finwires.com/en/contact)

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.