Luxshare Precision Receives Chinese Regulatory Clearance for Hong Kong Share Listing

Stock News06-18 17:28

Reports indicate that on June 18th, the International Cooperation Department of the China Securities Regulatory Commission issued a filing notice regarding the overseas listing of Luxshare Precision Industry Co., Ltd. (002475.SZ).

The company intends to issue up to 440,993,700 ordinary shares for listing on The Stock Exchange of Hong Kong.

According to disclosures from Hong Kong Exchanges and Clearing Limited, the company submitted an application for a main board listing on February 27th, 2026, with CITIC Securities, Goldman Sachs, and China International Capital Corporation acting as joint sponsors.

The prospectus reveals that Luxshare Precision is a globally leading innovative technology company in precision intelligent manufacturing, dedicated to providing global clients in consumer electronics, automotive electronics, communications and data centers, and other end markets with cross-domain vertical integration development and intelligent manufacturing solutions, ranging from precision components and modules to systems.

Based on 2024 sales volume, one out of every two smartphones, one out of every three smart wearable devices, and one out of every five smart vehicles globally uses a Luxshare Precision product.

According to data from Frost & Sullivan, by 2024 revenue, Luxshare Precision ranked fourth globally and first in mainland China within the Precision Intelligent Manufacturing Solutions (PIMS) industry, holding leading global positions across its major business lines including consumer electronics, automotive electronics, and communications & data centers.

Specifically, by 2024 revenue, the company ranked second globally and first in mainland China in the consumer electronics components and modules PIMS market, holding an 11.3% global market share.

In the automotive wiring harness PIMS market, it ranked fourth globally and first in mainland China with a 12.2% global share.

In the communications and data center copper interconnect PIMS market, it ranked fourth globally and first in mainland China, capturing a 4.4% global market share.

Through consistent outstanding performance, Luxshare Precision has been listed on the Fortune Global 500 for three consecutive years from 2023 to 2025.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment