New Stock News | Luxshare Precision Industry (002475.SZ) is reportedly considering listing in Hong Kong this year, with funds potentially reaching 20 to 30 billion US dollars.

According to market sources, A-share consumer electronics leader Luxshare Precision Industry (002475.SZ) is considering listing in Hong Kong this year, with expected fundraising of 20 to 30 billion US dollars. The company is currently in discussions with investment banks and will soon receive authorization to proceed with the IPO work. However, the final size of the listing has not been determined yet, depending on market conditions. Luxshare Precision Industry was established in 2004 and listed on the Shenzhen Stock Exchange on September 15, 2010. The company mainly researches and produces products such as connectors, cables, motors, wireless charging, antennas, acoustic and electronic modules, which are widely used in consumer electronics, communications, automotive, and medical fields, including assembly parts for iPhone and AirPods. In the first three months of 2024, Luxshare Precision Industry's operating income reached 177.177 billion yuan, a year-on-year increase of 13.67%, with a net profit attributable to shareholders of 90.75 billion yuan, a year-on-year increase of 23.06%. The company's previous performance forecast for the full year of 2024 showed that the net profit attributable to shareholders for the whole year would be between 131.43 billion yuan and 136.91 billion yuan.