Luxshare Precision Shares Rise Nearly 3% in Morning Trading on Forecast of 15%-20% Annual Profit Growth

Deep News11-04 10:40

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Luxshare Precision Industry Co.,Ltd. (ASX: 02475) rose nearly 3% in morning trading, up 2.88% as of press time, at HK$47.84, with turnover of HK$48.32816 million.

Recently, Luxshare Precision Industry Co.,Ltd. (ASX: 02475) issued an announcement that the group is expected to report net profit attributable to shareholders of the listed company of RMB 19.09 billion to RMB 19.92 billion for fiscal year 2026, representing year-on-year growth of approximately 15% to 20%.

Earlier, Luxshare Precision Industry Co.,Ltd. (ASX: 02475) disclosed its third-quarter results. CICC noted that in the single quarter of 3Q26, Luxshare achieved operating revenue of RMB 110.507 billion, up 15% year-on-year; net profit attributable to parent was RMB 5.214 billion, up 7% year-on-year, below the previously announced earnings forecast range and below the bank's expectations.

Looking ahead, CICC believes that recently Apple released the iPhone 18 Pro series, Duo, and multiple wearable and MacBook new products. Luxshare has long participated in the supply of Apple's finished devices and core components, and the bank is optimistic that the new product launches will drive users to upgrade their devices, benefiting Luxshare's related businesses. In addition, CICC expects that in 2H26-2027, Apple and overseas tech giants are expected to release multiple new hardware products, and Luxshare's collaborative advantages in consumer electronics finished devices and components are obvious. The bank is optimistic that the company is expected to participate in the supply of related products.

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