As the peak season for half-year earnings reports wraps up at the end of August, a wave of results briefings has swept through the market, drawing intense interest from institutional investors.
Over the recent week spanning August 24th to 28th, records show that 293 companies held meetings with concrete institutional participation. Among them, Luxshare Precision Industry Co.,Ltd. (002475) stood out, hosting a staggering 268 institutions at its earnings call, including a roster of high-profile fund managers from both public and private equity firms. Many institutions dispatched multiple attendees—one fund company even sent a team of ten—underscoring the exceptional level of market fascination.
Not far behind, PCB leader Shennan Circuits attracted 254 institutions for research, while MaxweLL and Roborock both drew over 240, and Sanhua Intelligent Controls saw 201 institutions participate.
As a consumer electronics titan with a market cap exceeding 400 billion yuan, Luxshare Precision released its 2026 interim report on the evening of August 24th, followed by a two-day earnings briefing from August 26th to 27th that pulled in a crowd of investors. The event was a magnet for top-tier public funds such as E Fund, GF Fund, China AMC, Zhong Ou, Fullgoal, China Universal, Southern, Harvest, and Rayliant, alongside private equity heavyweights like Gaoyi, Greenwoods, Springs Capital, Chongyang, Ruijun, Wangzheng, and Shibei.
The scale of participation was notable, with Fullgoal sending ten representatives, Harvest nine, China Universal and Yinhua Fund six each, Rayliant and its Hong Kong arm together totaling six, Hexie Huiyi Asset five, and Gaoyi Asset three. Several renowned fund managers were spotted in attendance, including Deng Xiaofeng of Gaoyi, Fu Pengbo of Rayliant, Jiang Tong of Greenwoods, Du Changyong of Ruijun, Gui Kai of Harvest, Zheng Yu of China AMC, Fan Yan of Fullgoal, Lao Jienan of China Universal, Sun Lumin of Southern, Wang Penghui of Wangzheng, Hu Jianping of Shibei, and Lin Peng of Hexie Huiyi.
Given the sheer volume of participants and the caliber of investors, Luxshare Precision meticulously compiled the dense exchange into a detailed 25-page investor relations activity record. The discussions spanned a wide range of topics, including the company's performance in the first half of 2026 and its outlook, consumer electronics operations, data center ventures, automotive electronics, optical module product planning, the impact of storage price hikes, and the effects of currency fluctuations and rising raw material costs.
During the briefing, Luxshare Precision reported first-half 2026 revenue of 174.504 billion yuan, up 40.16% year-over-year, with net profit attributable to shareholders reaching 7.843 billion yuan, a growth of 18.04%. The gross margin improved by 0.17 percentage points year-over-year to 11.78%. The company also offered a forward-looking projection for the first three quarters, anticipating net profit attributable to shareholders between 13.246 billion yuan and 14.398 billion yuan, representing a 15% to 25% year-over-year increase.
Turning to business segment outlooks, Luxshare Precision noted that the consumer electronics market environment is expected to remain relatively stable over the next two years, yet specific sub-sectors continue to show strong vitality. Having already secured early positioning in new product tracks this year, the company sees these investments fueling growth drivers in the consumer electronics segment over the coming years and beyond. In the automotive business, profitability is gradually improving, supported by a richer product lineup and accelerated overseas expansion.
Addressing the highly anticipated AI sector, Luxshare Precision highlighted this year as a landmark period for commercial and technological breakthroughs in individual products. Looking to the second half, particularly the fourth quarter, electrical interconnect products are poised for notable volume growth; in optical interconnect, three globally leading intelligent automation production lines are set to ramp up into mass production; thermal management products will expand shipments to CSP customers; and power supply offerings are evolving from low-voltage to high- and ultra-high-voltage solutions, building a more complete product matrix. Over the next two years, the company expects the coordinated scaling of these four product lines to establish a distinct competitive edge and moat in the AI landscape.
Wind data reveals that as of the end of the second quarter, 632 active funds held significant positions in Luxshare Precision, with major holdings exceeding 20 million shares from funds like Xingquan Herun, Rayliant Growth Value, Xingquan Business Model Select, and Yongying Tech Select. On August 28th, the A-share price of Luxshare Precision closed at 56.60 yuan, down 1.01%, giving the company a total market capitalization of 438 billion yuan.
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