Luxshare Precision Industry Co.,Ltd. (HKEX: 02475) has announced the launch of its H-share subscription period, which will run from June 30, 2026, to July 6, 2026. The company plans a global offering of 383 million H-shares, with the Hong Kong public offering accounting for approximately 10% and the international offering for about 90%. An over-allotment option of up to 15% is also included.
The maximum offer price is set at HK$63.28 per share, with a board lot size of 100 H-shares. Trading of the H-shares on the Stock Exchange is expected to commence at 9:00 a.m. on Thursday, July 9, 2026 (Hong Kong time).
According to data from Frost & Sullivan, based on 2025 revenue, the group is the largest Precision Intelligent Manufacturing Solutions (PIMS) provider in mainland China and the fifth largest globally. As an innovative technology company, the group is dedicated to providing global customers across consumer electronics, automotive electronics, communication and data centers, and other end markets with cross-domain, vertically integrated development and intelligent manufacturing solutions ranging from precision components and modules to complete systems.
Notably, the group ranks as the world's second-largest and mainland China's largest player in the consumer electronics components and modules PIMS market by 2025 revenue, with a global market share of 11.2%.
The company has entered into several cornerstone investment agreements with a group of investors, including True Light, HHLRA, GIC, CPE Neem, Greenwoods Asset Management (Hong Kong), Foresight Funds, ADIA, UBS Asset Management (Singapore), Oaktree, Eastspring Investments (Singapore) and Eastspring Investments (Hong Kong), First Sentier Investors, GF Fund Management, China Universal Asset Management (Hong Kong), Bosera International, Fidelity International, Value Partners, Taikang Life Insurance, Huang River, Prosper High, Mirae Securities, Mirae Asset, Perseverance Asset Management, Harvest Fund Management, Millennium Management, Jane Street, WT Asset Management, MY.Alpha, and Polymer.
These cornerstone investors have agreed, subject to certain conditions, to subscribe for shares amounting to a total of US$1.5 billion (excluding brokerage commissions and regulatory transaction fees) at the offer price. Based on the maximum offer price of HK$63.28 per H-share, the total number of shares to be subscribed by these investors will be approximately 186 million shares.
This cornerstone allocation represents about 48.44% of the H-shares offered globally and approximately 2.41% of the total issued share capital post-offering (assuming the over-allotment option is not exercised). If the over-allotment option is fully exercised, it would represent about 42.12% of the global offering and roughly 2.39% of the post-offering share capital.
The company estimates that, assuming the maximum offer price of HK$63.28 per share and after deducting underwriting commissions and estimated expenses, it will receive net proceeds of approximately HK$24 billion from the global offering, assuming the over-allotment option is not exercised.
The company intends to allocate the net proceeds from the global offering for the following strategic purposes: approximately 35% will be used to expand production capacity and upgrade existing manufacturing bases; around 30% will be allocated to technology research and development to enhance manufacturing processes and intelligent manufacturing capabilities; about 15% is earmarked for investments in high-quality targets within upstream, downstream, or related industries; roughly 10% will be used to repay certain existing interest-bearing bank loans for working capital, aiming to optimize the capital structure, reduce financing costs, and improve overall risk resilience and future financing flexibility; and the remaining 10% will serve as working capital and for other general corporate purposes.
During the track record period, the group achieved robust growth. Its revenue was RMB 231.9 billion in 2023, RMB 268.8 billion in 2024, and RMB 332.3 billion in 2025. Notably, from 2023 to 2025, the automotive electronics and communication & data center business segments experienced rapid revenue growth, with compound annual growth rates of 106.0% and 30.0%, respectively. Net profit for those years was RMB 12.2 billion, RMB 14.6 billion, and RMB 18.2 billion, respectively.
Furthermore, the group's return on equity was 21.5% in 2023, 21.3% in 2024, and 21.5% in 2025.
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