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    002475   CNE100000TP3

LUXSHARE PRECISION INDUSTRY CO., LTD.

(002475)
  Report
End-of-day quote Shenzhen Stock Exchange  -  05-15
29.75 CNY   -1.59%
05/12State-Owned Chery’s NEV Sales Surge 81% in April
MT
04/28Luxshare Precision Industry Co., Ltd. Announces Final Cash Dividend Proposal for 2021
CI
04/27Luxshare Precision Industry Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
CI
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Luxshare Precision Shares Rise After News of New iPhone-Assembly Plant

12/21/2021 | 11:47pm EDT

By Yongchang Chin

Luxshare Precision Industry Co. shares rose 7.7% to 49.02 yuan by midday Wednesday following news it is building a new iPhone-assembly plant in China, challenging the dominance of Taiwanese rivals Foxconn Technology Group and Pegatron Corp. in the smartphone-manufacturing business.

Luxshare Precision is constructing a 285,000-square-meter manufacturing park in the Chinese city of Kunshan with an investment of 11 billion yuan ($1.73 billion), Nikkei reported. The facility is set to complete the first phase of the new complex in the middle of 2022 and plans to begin producing iPhones then, according to Nikkei.

Wingtech Technology Co. also recently entered Apple Inc.'s supply chain and won orders to make the Mac mini and Apple TV, Nikkei also reported, citing unnamed sources. Wingtech's stock rose 3.6% to CNY138.95.

The outlook for smartphone sales in China this year doesn't look strong to Jefferies. Channel checks by the U.S. bank showed that despite China's handset shipment volumes rising 19% in November from a year earlier, sales for the month fell 11%, implying rising channel inventories.

However, Jefferies said that excluding iPhones, November handset sales in China dropped 17%, suggesting that the iPhone's market share remained high for the month.

"Year to date, China's handset sell-through is down 3% on year," Jefferies said. "It looks likely China's handset sell-through in 2021 will be down."

Write to Yongchang Chin at yongchang.chin@wsj.com

(END) Dow Jones Newswires

12-21-21 2346ET

Stocks mentioned in the article
ChangeLast1st jan.
APPLE INC. -1.07% 145.54 Delayed Quote.-18.04%
FOXCONN TECHNOLOGY CO., LTD. -4.44% 55.9 End-of-day quote.-13.87%
LUXSHARE PRECISION INDUSTRY CO., LTD. -1.59% 29.75 End-of-day quote.-39.53%
NIKKEI 225 0.42% 26659.75 Real-time Quote.-8.21%
PEGATRON CORPORATION -0.62% 64.2 End-of-day quote.-7.09%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) -0.42% 6.76735 Delayed Quote.6.92%
WINGTECH TECHNOLOGY CO.,LTD -2.48% 67.54 End-of-day quote.-47.76%
All news about LUXSHARE PRECISION INDUSTRY CO., LTD.
05/12State-Owned Chery’s NEV Sales Surge 81% in April
MT
04/28Luxshare Precision Industry Co., Ltd. Announces Final Cash Dividend Proposal for 2021
CI
04/27Luxshare Precision Industry Co., Ltd. Reports Earnings Results for the First Quarter En..
CI
03/31Luxshare Refutes Report of Reduced Orders From Apple
MT
03/18Gold Peak Associate Concludes Disposal of Nearly 64% Stake in Time Interconnect
MT
03/18GP Industries Associate Sells Entire 64% Stake in Time Interconnect Technology
MT
03/14Luxshare Precision Industry Co., Ltd. Reports Earnings Results for the Full Year Ended ..
CI
02/22Luxshare Targets $2.1 Billion From Share Sale to Fund Smart Wearable, NEV, Chip Project..
MT
02/22GP Industries Associate to Pocket $121 Million from Luxshare's Takeover of Time Interco..
MT
02/21Apple supplier Luxshare plans share issue to fund new production lines
RE
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Analyst Recommendations on LUXSHARE PRECISION INDUSTRY CO., LTD.
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Financials
Sales 2022 203 B 29 855 M 29 855 M
Net income 2022 9 746 M 1 437 M 1 437 M
Net cash 2022 2 974 M 438 M 438 M
P/E ratio 2022 21,6x
Yield 2022 0,52%
Capitalization 211 B 31 033 M 31 033 M
EV / Sales 2022 1,02x
EV / Sales 2023 0,87x
Nbr of Employees 228 152
Free-Float 60,0%
Chart LUXSHARE PRECISION INDUSTRY CO., LTD.
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Luxshare Precision Industry Co., Ltd. Technical Analysis Chart | MarketScreener
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Technical analysis trends LUXSHARE PRECISION INDUSTRY CO., LTD.
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 27
Last Close Price 29,75 CNY
Average target price 43,91 CNY
Spread / Average Target 47,6%
EPS Revisions
Managers and Directors
Lai Chun Wang Chairman & General Manager
Tian Song Wu Financial Director
Yan Rong Xia Chairman-Supervisory Board
Yu Hong Song Independent Director
Ying Zhang Independent Director
Sector and Competitors
1st jan.Capi. (M$)
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