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

Shenzhen - Shenzhen Delayed Price. Currency in CNY
46.06
+1.94 (+4.40%)
As of 2:17PM CST. Market open.
Stock chart is not supported by your current browser
Previous Close44.12
Open43.50
Bid46.05 x N/A
Ask46.06 x N/A
Day's Range42.68 - 46.27
52 Week Range11.43 - 46.27
Volume56,712,261
Avg. Volume64,655,289
Market Cap246.375B
Beta (5Y Monthly)0.59
PE Ratio (TTM)62.50
EPS (TTM)0.74
Earnings DateOct 22, 2019
Forward Dividend & Yield0.04 (0.09%)
Ex-Dividend DateJul 05, 2019
1y Target Est21.72
  • Apple AirPods Chinese Maker Is Asia’s Best Stock This Year
    Bloomberg

    Apple AirPods Chinese Maker Is Asia’s Best Stock This Year

    Nov.28 -- Luxshare Precision Industry Co. has more than tripled this year, outperforming every other major stock traded in the Asia-Pacific region and underscoring the importance of a certain Apple Inc. product that Luxshare assembles: AirPods. Cindy Wang reports on "Bloomberg Markets: Asia."

  • Apple Partner Pegatron to Set Up Production in Vietnam
    Bloomberg

    Apple Partner Pegatron to Set Up Production in Vietnam

    (Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Taiwan’s Pegatron Corp. plans to set up production facilities in Vietnam, according to people familiar with the matter, becoming the latest Apple Inc. assembly partner to establish a presence in the Southeast Asian nation as they diversify beyond China.Taipei-listed Pegatron is looking for a site to build a brand new facility in the north of the country, according to people familiar with the matter who asked not to be identified discussing private plans. It already has rented a separate facility in the northern city of Haiphong, they said. Pegatron will make styluses for Samsung Electronics Co.’s smartphones there, one of the people said. The gadget manufacturer’s share price remained largely unchanged in Tuesday trading.Pegatron joins Apple’s two other iPhone assemblers -- Wistron Corp. and Hon Hai Precision Industry Co. -- in developing manufacturing facilities or building extra capacity in Vietnam. None of the three are making iPhones in Vietnam and have no imminent plans to do so. The only Apple device Pegatron makes is iPhones. GoerTek Inc. is now making AirPods in the country, while two other Apple assembly partners, Compal Electronics Inc. and Luxshare Precision Industry Co., also have a presence in Vietnam.An almost two-year-long trade war with the U.S. has put China’s position as factory for the world of technology in jeopardy, undermining a decades-old global supply chain and pushing electronics companies to look for alternative production bases. Though Washington and Beijing have signed a phase-one trade deal, supply-chain diversification is still essential in the longer term given tensions are unlikely to fully subside and labor costs are rising in China.Taiwanese companies have been particularly active in their search for options, with companies from Inventec Corp. to Foxconn Technology Group either moving production back home or to more distant regions around Asia, seeking to escape U.S. tariffs.Vietnam has been a top beneficiary from tariff-related trade diversions. Indonesia has also gained, including garnering investment from Pegatron.“Vietnam’s enhanced vocational training has helped boost the quality of its pool of workers to close to China’s level and its government has been keen to clear hurdles including bureaucracy for foreign companies to invest in the country,” said Roy Lee, a researcher at Taipei-based Chung-Hua Institution for Economic Research.(Updates with share details in second paragraph)To contact the reporter on this story: Debby Wu in Taipei at dwu278@bloomberg.netTo contact the editors responsible for this story: Edwin Chan at echan273@bloomberg.net, Colum Murphy, Vlad SavovFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Apple’s AirPods Fire Up One of Asia’s Top Stocks in 2019
    Bloomberg

    Apple’s AirPods Fire Up One of Asia’s Top Stocks in 2019

    (Bloomberg) -- Luxshare Precision Industry Co. has more than tripled this year, outperforming virtually every major stock traded in the Asia Pacific and underscoring the importance of a certain Apple Inc. product the Chinese company assembles: AirPods.Commanding a 50% share of the nascent true wireless earphones market -- defined by earbuds that have no wired connection between each other or to the music source -- Apple’s AirPods have quickly become an important growth driver for the Cupertino, California company. Wearables are Apple’s fastest-growing category, up 41% in 2019, and are filling in for the iPhone as the company’s growth driver for hardware sales, Bloomberg Intelligence analyst John Butler said.In 2019, AirPods are expected to double to 60 million, rising to 90 million in 2020 and 120 million in 2021, according to Credit Suisse analyst Kyna Wong. Luxshare stands to be the biggest beneficiary of that increase in production demand. It’s the fifth-best performer this year in the MSCI Asia Pacific Index and the fourth biggest gainer on the MSCI China Index. Rival GoerTek Inc. has also surged, climbing more than 180% this year on optimism over stronger demand for AirPods.Read more: Apple AirPods Shipments Are Said to Double to 60 Million in 2019“Annual shipments of AirPods will rise to as many as the iPhone’s in the future,” said Jeff Pu, analyst at GF Securities. “AirPods are expected to be the biggest earnings growth driver among Apple’s hardware devices in the coming years.”Luxshare typically produces basic tech accessories and components, such as cables, chargers and antennas. The AirPods stand out as a higher-value item, which contributed 26% of Luxshare’s revenue in 2018, according to HSBC analyst Frank He. He forecasts that share to grow to as high as 50% in 2020. He also notes that Luxshare is the sole supplier of Apple’s upgraded AirPods Pro model, launched in October, which he estimates will make up as much as 25% of AirPods shipments next year.While Luxshare has grabbed the largest slice of the pie so far, rivals like GoerTek are continually upgrading and vying for more of the lucrative AirPods business. The company’s exclusivity as sole AirPods Pro supplier is unlikely to last, and so it’s not guaranteed to capture all of the demand growth that’s expected. Luxshare’s unprecedented rally also means it’s now trading at a two-year blended forward price-earnings ratio of about 32, well above the roughly 24 sector average.Both Wong and He have recently upgraded their earnings estimates for Luxshare through 2021, citing the increased AirPods demand and improved average selling price. In a research note from Nov. 18, Goldman Sachs analysts including Verena Jeng agreed, saying “The higher ASP coupled with strong market demand from a low base make AirPods Luxshare’s major revenue and gross profit contributor.”(Updates share moves from the second paragraph)To contact the reporters on this story: Cindy Wang in Taipei at hwang61@bloomberg.net;Lee Miller in Bangkok at lmiller@bloomberg.netTo contact the editors responsible for this story: Edwin Chan at echan273@bloomberg.net, Vlad SavovFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Apple AirPods Shipments Expected to Double to 60 Million in 2019
    Bloomberg

    Apple AirPods Shipments Expected to Double to 60 Million in 2019

    (Bloomberg) -- Shipments of Apple Inc.’s popular AirPods wireless earphones are expected to double to 60 million units in 2019, according to people familiar with the Cupertino-based company’s production plans. This has been driven in part by “much higher” than expected demand for the pricier AirPods Pro model unveiled in October.The $249 AirPods Pro -- which offer noise cancellation and water resistance -- have surpassed expectations and demand for them is pushing Apple’s assembly partners against capacity and technical constraints, a person familiar with the matter said. Multiple suppliers are competing for the business of manufacturing the Pro earphones, though some are still building up the technical proficiency. There’s currently a wait time of two to three weeks for the AirPods Pro on Apple’s U.S. website.The most advanced form of wireless headphones is called “true wireless,” defined by the absence of a wire not just between the headphones and the music source but also between the two earbuds -- and the AirPods are the category-leading example. Taiwan-based Inventec Corp. and China’s Luxshare Precision Industry Co. and Goertek Inc. manufacture the AirPods for Apple.Apple spokeswoman Trudy Muller declined to comment on the product’s shipments.The pickup in AirPods sales this year has been helped by the launch of two new iterations: the Pro model in October and a $199 upgraded version of the original in March. The first AirPods were released in 2016. The runway is also mostly clear for Apple to have a successful holiday season, with Microsoft Corp. delaying its rival true wireless buds until spring and Google also not launching its new model until 2020.At the end of August, Apple was the clear leader in the global true wireless earphones market, according to Counterpoint Research. AirPods shipments have dwarfed every alternative and the Beats Powerbeats Pro, another Apple product, also feature in the top 10 sellers. While Samsung Electronics Co.’s Galaxy Buds have emerged as a recognizable competitor, Apple moreover ranked as the most preferred brand for future purchases of true wireless headphones in the U.S., the researchers said.“Apple also edged rivals because true wireless as a category is the preferred choice over wireless earphones, due to factors like better sound quality, portability, and ease of use,” Counterpoint analyst Pavel Naiya wrote on Sept. 26.Wearables like the AirPods and Apple Watch have become a crucial growth driver for the Cupertino company, which is adapting to plateauing iPhone demand in a mature smartphone market. In the past quarter, Apple’s iPhone sales shrunk to $33.4 billion from the prior year’s $36.8 billion, whereas the Wearables, Home, and Accessories segment -- composed of the Apple Watch, AirPods, Beats, HomePod and Apple TV groups -- generated $6.5 billion in revenue, growing by 54%.Total shipments of the AirPods Pro for the year will be determined by how well and how quickly the assemblers overcome the production challenges they currently face. If the overall AirPods range hits 60 million units in 2019 as is now expected, Apple should retain its 50% share of the true wireless market, which Counterpoint expects to surpass 120 million shipments for the year.\--With assistance from Mark Gurman.To contact the reporter on this story: Debby Wu in Taipei at dwu278@bloomberg.netTo contact the editors responsible for this story: Peter Elstrom at pelstrom@bloomberg.net, Vlad SavovFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • 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.

  • GuruFocus.com

    Matthews China Fund 2nd Quarter Commentary

    Discussion of markets and holdings Continue reading...

  • Reuters

    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 ...