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luxshare precision: has entered the new energy vehicle market and aims to become a global tier 1 leading auto parts manufacturer

2024-09-18

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it home reported on september 18 that an investor asked luxshare precision, one of apple's major suppliers, on the shenzhen stock exchange interactive platform: "does the company plan to enter the new energy vehicle market?"

this afternoon, luxshare precision responded to the above questions and stated that the company's product line in the automotive business segment currently covers core components such as automotive wiring harnesses, connectors, intelligent networking, smart cockpits, and new energy vehicle power systems. "in the future, the company will continue to consolidate its existing capabilities, continuously improve the coverage of its superior products among multiple customers at home and abroad, and leverage the advantages of platformization and the export resources of deep strategic cooperation to enable the company's tier 1 products to be continuously polished and improve product competitiveness through actual combat experience, laying a solid foundation for achieving the mid- to long-term goal of becoming a global tier 1 automotive parts leader in the next three to five years."

it home note: "tier 1" refers to a first-tier supplier, which refers to a supplier that directly provides products or services to oems (original equipment manufacturers) or final product manufacturers.

luxshare precision achieved a net profit of 5.396 billion yuan in the first half of this year. the main data of the financial report are as follows:

revenue was 103.598 billion yuan, a year-on-year increase of 5.74%, due to increased corporate mergers and product shipments.

net profit attributable to the parent company was rmb 5.396 billion, up 23.89% year-on-year;

basic earnings per share was rmb 0.75, a year-on-year increase of 22.95%;

r&d investment was rmb 4.22 billion, a year-on-year increase of 13.24%;