002475.SZ - Luxshare Precision Industry Co., Ltd.

Shenzhen - Shenzhen Delayed Price. Currency in CNY
34.43
-0.33 (-0.95%)
As of 10:09AM CST. Market open.
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Previous Close34.76
Open34.71
Bid34.45 x N/A
Ask34.46 x N/A
Day's Range34.30 - 34.93
52 Week Range9.85 - 35.80
Volume12,161,334
Avg. Volume62,227,430
Market Cap184.166B
Beta (3Y Monthly)0.64
PE Ratio (TTM)46.72
EPS (TTM)0.74
Earnings DateOct 22, 2019
Forward Dividend & Yield0.04 (0.11%)
Ex-Dividend Date2019-07-05
1y Target Est21.72
  • AirPods Maker Sales Surge 79%, With More Growth Expected
    Bloomberg

    AirPods Maker Sales Surge 79%, With More Growth Expected

    (Bloomberg) -- Luxshare Precision Industry Co. drew a series of analyst price upgrades after the Chinese assembler of Apple Inc.’s AirPods revealed a roughly 80% surge in first-half profit and sales.The company, regarded as a bellwether for China’s consumer hardware industry, is expected to become an increasingly important supplier of components for wearable devices like the Apple Watch, some analysts say. Goldman, CICC and Morgan Stanley were among the investment houses that lifted their stock price target on the consumer hardware firm after it posted results late Tuesday.Luxshare is among the largest of a crop of Chinese manufacturers of consumer electronics that’re increasingly winning orders from longer-established firms like Foxconn Technology Group. The Shenzhen-based firm has in past years become a primary supplier of AirPods, one of the fastest-selling consumer accessories in the market. TF International analyst Kuo Ming-chi estimates AirPod shipments could rise 60%-70% for 2019, and 50%-60% for 2020.“Luxshare is in a fast-growth phase thanks to its comprehensive product lines and expertise in R&D and production of precision electronic components, which provide a defensive moat,” Csc International analyst Zhu Jixiang said. “Apple’s AirPods in particular are a bright spot in the market, and Luxshare has a significant share of assembling that product.”Luxshare’s stock slid 2% on Wednesday but Bright Smart Securities analyst Mark Huang blamed that partly on a conservative projection for current-quarter net income growth of 18% to 38%. Huang said any losses presented a buying opportunity.Only 1 of 32 analysts covering the company rated it a sell, according to Bloomberg-compiled data (the rest were Buys). Its blended 12-month price-earnings ratio of 27 compared with an average of 24 for the past two years.“Luxshare again produced a solid set of numbers. Any back-sliding in the stock presents a chance to buy,” Bright Smart’s Huang said. “Today’s fall may stem from a temporary valuation adjustment, after a portion of capital chose to lock in profits.”Read more: Trump Tumult Has Gadget Giants Splitting Along U.S.-China LinesAnalysts’ optimism aside, the Chinese company itself warned Tuesday about the uncertain impact of global trade ructions.Trump-administration tariffs on Chinese-made products, including eventually a swathe of consumer and mobile electronics, will pressure contract manufacturers’ margins and accelerate a costly shift of capacity away from China over time . An economic downturn could also depress demand for electronics more generally.Luxshare can counter some of those headwinds due to its strong capability of manufacturing precision instruments and expectations of new wave of 5G-driven demand, Huang said.“Its growth prospects will expand in the 5G era, along with demand for mobile peripherals,” he said.\--With assistance from Debby Wu.To contact Bloomberg News staff for this story: Ludi Wang in Shanghai at lwang191@bloomberg.netTo contact the editors responsible for this story: Edwin Chan at echan273@bloomberg.net, Charlie ZhuFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

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    Graphic: China's farm stocks defy Sino-U.S. trade rout on local demand expectations

    The fresh escalation in the long-running Sino-U.S. trade dispute prompted a sharp selloff in Chinese markets last week with the yuan and banking and tech stocks hit particularly hard though some sectors, like farming, managed to outperform. The market rout came after U.S. President Donald Trump raised tariffs on Chinese imports and Beijing retaliated with tariffs of its own. Foreign investors are a key part of the country's equities market, holding a total of 1.68 trillion yuan (190.99 billion pounds) worth of A-shares as of end-March, up from 1.15 trillion yuan at end-2018, according to latest PBOC data.

  • Reuters

    U.S. blacklists China's Huawei as trade dispute clouds global outlook

    The Trump administration hit Chinese telecoms giant Huawei with severe sanctions on Wednesday, adding another incendiary element to the U.S.-China trade dispute just as Treasury Secretary Steven Mnuchin said he would visit China soon for more talks. The Commerce Department said it was adding Huawei Technologies Co Ltd and 70 affiliates to its "Entity List" - a move that bans the company from acquiring components and technology from U.S. firms without government approval.

  • Reuters

    China Stocks-Factors to watch on Tuesday

    * PREVIOUS TRADING SESSION MOVES: * SSEC -1.7 pct, CSI300 -2.3 pct * Stock Connect closed for holiday in Hong Kong * CNY official close 6.7122 per dollar * FTSE China A50 -2.7 pct SHANGHAI, April 23 (Reuters) ...

  • Reuters

    BRIEF-Luxshare Precision Industry's Q1 Net Profit Up 85.04 Percent Y/Y

    April 22 (Reuters) - Luxshare Precision Industry Co Ltd : * SAYS Q1 NET PROFIT UP 85.04 PERCENT Y/Y AT 615.97 MILLION YUAN ($91.78 million) Source text in Chinese: https://bit.ly/2vgxdxb Further company ...

  • Reuters

    BRIEF-Luxshare Precision Says 2018 Net Profit Up 61.05 Percent Y/Y At 2.72 Billion Yuan

    April 15 (Reuters) - Luxshare Precision Industry Co Ltd : * SAYS 2018 NET PROFIT UP 61.05 PERCENT Y/Y AT 2.72 BILLION YUAN ($405.61 million) Source text in Chinese: http://tinyurl.com/yyun9mvt Further ...

  • Reuters

    China Stocks-Factors to watch on Friday

    * PREVIOUS TRADING SESSION MOVES: * SSEC -0.9 pct, CSI300 -0.4 pct, HSI +0.0 pct * HK- Shanghai Connect daily quota used -1.7 pct, Shanghai- HK daily quota used 0.2 pct * HK- Shenzhen Connect ...

  • Reuters

    BRIEF-Luxshare Precision Sees Q1 Net Profit Up 70-90 Percent Y/Y

    March 28 (Reuters) - Luxshare Precision Industry Co Ltd : * SAYS IT SEES Q1 NET PROFIT UP 70-90 PERCENT Y/Y FROM 332.9 MILLION YUAN ($49.43 million) YEAR EARLIER Source text in Chinese: https://bit.ly/2UlayOi ...

  • Reuters

    China Stocks-Factors to watch on Monday

    * PREVIOUS TRADING SESSION MOVES: * SSEC -4.4 pct, CSI300 -4.0 pct, HSI -1.9 pct * HK- Shenzhen Connect daily quota used 2.3 pct * CNY official close 6.72 per dollar * FTSE China A50 -3.5 pct, BNY Mellon ...

  • Reuters

    BRIEF-Pegatron's Unit Protek (Shanghai) Buys 27.7 Mln Shares In Luxshare Precision

    March 4 (Reuters) - Pegatron Corp: * SAYS UNIT PROTEK (SHANGHAI) LTD BOUGHT 27.7 MILLION SHARES IN LUXSHARE PRECISION INDUSTRY CO LTD FOR T$2.5 BILLION ($81.12 million) ON MAR 4 Source text for Eikon: ...

  • Reuters

    BRIEF-Shenzhen Exchange Filing Shows Block Trade Of Luxshare Precision's Shares Involving 914.06 Mln Yuan

    March 4 (Reuters) - Shenzhen Stock Exchange : * FILING SHOWS BLOCK TRADE OF LUXSHARE PRECISION INDUSTRY CO LTD'S 46.07 MILLION SHARES INVOLVING 914.06 MILLION YUAN ($136.45 million) ON MAR 4 Source text ...

  • Apple supplier AAC Tech suffers stock plunge after profit warning
    Reuters

    Apple supplier AAC Tech suffers stock plunge after profit warning

    Apple Inc supplier AAC Technologies Holdings Inc saw its shares dropped 13 percent on Tuesday after the acoustic component maker said it expected first-quarter net profit to fall as much as 75 percent due to reduced orders. The Hong Kong-listed firm late on Monday forecast January-March profit to fall 65-75 percent compared with the same period a year earlier, and said its gross profit margin would narrow. AAC supplies acoustic and haptic components to Apple, which last month said revenue from iPhone sales in the December quarter declined 15 percent from the previous year.

  • Reuters

    BRIEF-Luxshare Precision Industry's Preliminary 2018 Net Profit Up 61.3 Percent Y/Y

    Feb 25 (Reuters) - Luxshare Precision Industry Co Ltd : * SAYS PRELIM 2018 NET PROFIT UP 61.3 PERCENT Y/Y AT 2.7 BILLION YUAN ($404.09 million) Source text in Chinese: https://bit.ly/2Xm0F1I Further company ...

  • Reuters

    BRIEF-Luxshare Precision Industry Sees 2018 Net Profit Up 55-65 Percent Y/Y

    Jan 9 (Reuters) - Luxshare Precision Industry Co Ltd : * SAYS IT SEES 2018 NET PROFIT UP 55-65 PERCENT Y/Y FROM 1.7 BILLION YUAN ($248.81 million) YEAR EARLIER Source text in Chinese: https://bit.ly/2TBsYX5 ...