Luxshare Precision (LUXSHARE ICT) Half-Year Results: Revenue Up 40%, Automotive Electronics Surges 274%, Announces Interim Dividend

Bulletin Express
Aug 24

LUXSHARE ICT (Luxshare Precision) released its 2026 interim report, posting revenue of RMB 174.50 billion, a 40.16% year-on-year increase driven by broad-based growth across its three core segments.

\n\n• Profitability: Net profit attributable to shareholders reached RMB 7.84 billion, up 18.04% from the prior-year period; net profit after non-recurring items was RMB 5.96 billion, up 6.47%. Gross margin edged up 0.17 percentage points to 11.78%.

\n\n• Segment performance: – Consumer Electronics revenue rose 19.27% to RMB 122.48 billion, accounting for 70% of total. – Automotive Electronics revenue jumped 274.10% to RMB 32.39 billion, reflecting consolidation of the Leoni acquisition and expanding OEM orders. – Communication & Data Center revenue grew 49.66% to RMB 16.61 billion, supported by demand for high-speed interconnect, optical and thermal solutions.

\n\n• Balance sheet: Total assets stood at RMB 349.89 billion (+14.14% YTD); cash and bank balances were RMB 71.81 billion. Interest-bearing borrowings climbed to RMB 124.28 billion. Net operating cash outflow was RMB 2.45 billion, while net financing inflow reached RMB 44.94 billion.

\n\n• R&D and CapEx: R&D expenditure rose 43.09% to RMB 6.57 billion, focused on AI-edge devices, high-speed interconnects, liquid cooling, and automotive platforms. Construction-in-progress amounted to RMB 5.21 billion.

\n\n• Hong Kong Listing: On 9 July 2026 the company’s H-shares began trading on HKEX, raising net proceeds of HK$24.83 billion (including partial exercise of the over-allotment option).

\n\n• Forex Impact: A RMB 1.99 billion exchange loss was partly offset by RMB 1.30 billion of hedge gains booked as non-recurring income.

\n\n• Interim Dividend: Board approved an interim cash dividend of RMB 1.10 per 10 shares (tax-inclusive), totalling RMB 849.22 million. Record date: 22 September 2026; payment date: 22 October 2026. H-share holders will receive HK$1.27 per 10 shares.

\n\n• Shareholder Actions: Management repurchased 17.67 million A-shares during the period for RMB 1.00 billion; vice-chairman Wang Laisheng completed additional share purchases totalling RMB 501 million (2022–2025).

\n\n• Legal Update: Luxshare has terminated the planned acquisition of Wingtech India assets due to legal impediments and seeks arbitration in Singapore to recover approximately RMB 153 million already paid.

\n\n• Outlook: The company anticipates continued momentum in H2 2026, supported by new consumer devices, scaling AI-data-center solutions, deeper Leoni integration, and global automotive electronics expansion.

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