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Chinese contract manufacturer of connectors and cables that has grown into a major assembler of AirPods and iPhones for Apple.
Chinese contract manufacturer of connectors and cables that has grown into a major assembler of AirPods and iPhones for Apple.
Is paid per unit assembled and per component supplied, mostly in programmes won device by device from Apple, so a few Apple products carry the volume. Its founder controls it through a holding company. In 2020 it bought Wistron's iPhone plants in Kunshan, which pushed it into phone assembly, and its 2024 purchase of Leoni's cable unit brought automotive wiring.
In one line: China's fastest-growing Foxconn-style Apple assembler, started as a connector maker.
Moat: narrow (scale, customer qualification, process know-how). Deep Apple qualification and rapidly scaled precision-assembly capacity, but still a low-margin contract manufacturer.
Headquarters: Dongguan, China · Founded: 2004 · Employees: 416,197
Size Luxshare Precision Industry (002475.SZ) is a China Information Technology company (Electronic Components) with a market value of $57.7B, the 31st largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥50.05 on 6 Nov 2026.
Performance Over six months the shares fell 25.3%, against -27.9% for the median peer and -16.4% for the China market (cap-weighted) — 7th highest of 15 in its peer set.
Growth Revenue grew 26.9% over the last twelve months (peer median +37.8%); the operating margin is 3.8% (peer median 17.5%).
Valuation It trades at 18.9× forward earnings against a peer median of 21.6× (7th cheapest of 16).
Capital Return on invested capital runs 1.9 points above its cost of capital (6.7% WACC).
Next results Next results expected around 29 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥396B | CN¥332B | CN¥268B | CN¥232B | CN¥214B |
| Revenue growth | — | +24% | +16% | +8% | — |
| Gross profit | CN¥55.5B | CN¥36.3B | CN¥25.4B | CN¥24.4B | CN¥24.2B |
| EBITDA | n/a | CN¥27.4B | CN¥21.7B | CN¥21.1B | CN¥18.6B |
| Net income | CN¥18.1B | CN¥16.6B | CN¥13.4B | CN¥11.0B | CN¥9.16B |
| Free cash flow | -CN¥9.25B | CN¥2.11B | CN¥16.6B | CN¥16.9B | -CN¥334M |
| Capital expenditure | CN¥19.5B | CN¥17.9B | CN¥12.1B | CN¥11.4B | CN¥13.6B |
| Total debt | CN¥149B | CN¥105B | CN¥67.2B | CN¥40.1B | CN¥33.2B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Luxshare Precision Industry 002475.SZ | $57.7B | -25% | +27% | 4% | 18.9× | n/a |
| Hon Hai Precision Industry 2317.TW | $95.6B | -3% | +25% | 4% | 10.5× | n/a |
| Pegatron 4938.TW | $7.52B | +14% | -6% | 1% | 13.1× | n/a |
| GoerTek 002241.SZ | $13.1B | 0% | -3% | 2% | 25.5× | n/a |
| AAC Technologies 2018.HK | $5.60B | -4% | +16% | 8% | 13.8× | 1.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 002475.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +3.4% | -38.5% | 2nd highest of 15 |
| 6-month return | -25.3% | -27.9% | 7th highest of 15 |
| Distance from 52-week high | -38.8% | -52.4% | 3rd highest of 15 |
| Revenue growth (TTM) | +26.9% | +37.8% | 6th lowest of 16 |
| Operating margin | 3.8% | 17.5% | lowest of 16 |
| Forward P/E | 18.9× | 21.6× | 7th cheapest of 16 |
| ROIC minus cost of capital | +1.9 pp | +4.7 pp | 7th lowest of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Luxshare Precision Industry 002475.SZ | China | $57.7B | -25% | +27% | 4% | 18.9× | n/a | n/a |
| Corning GLW | United States | $91.4B | -43% | +19% | 17% | 25.4× | 24.7% | +6.7% |
| Unimicron Technology 3037.TW | Taiwan | $35.4B | -19% | +33% | 13% | 20.1× | 45.9% | +8.3% |
| Suzhou Dongshan Precision Manufacturing 2384.HK | Hong Kong | $29.3B | n/a | +56% | 4% | 14.5× | 45.3% | n/a |
| Celestica CLS.TO | Canada | $26.3B | -44% | +61% | 9% | 11.5× | 11.0% | +17.6% |
| Tdk 6762.T | Japan | $25.4B | -27% | +25% | 10% | 15.0× | 18.2% | +11.1% |
| Ibiden 4062.T | Japan | $22.1B | +164% | +26% | 18% | 39.2× | 39.2% | +5.2% |
| Chaozhou Three-Circle (Group) 300408.SZ | China | $21.6B | -15% | +65% | 34% | 28.1× | 23.7% | +17.7% |
| Wus Printed Circuit (Kunshan) 002463.SZ | China | $21.2B | -29% | +61% | 28% | 18.2× | n/a | n/a |
| Shennan Circuit 002916.SZ | China | $20.4B | -36% | +51% | 18% | 22.6× | n/a | n/a |
| Victory Giant Technology (HuiZhou) 300476.SZ | China | $18.3B | -62% | +38% | 26% | 17.2× | n/a | n/a |
| Amphenol APH | United States | $184B | +21% | +58% | 29% | 21.6× | 15.7% | +21.8% |
| Largan Precision 3008.TW | Taiwan | $17.7B | +76% | 0% | 35% | 26.0× | 12.6% | +1.8% |
| NVT NVT | United States | $17.2B | -38% | +48% | 18% | 16.4× | 16.2% | +14.3% |
| Nan Ya Printed Circuit Board 8046.TW | Taiwan | $17.1B | -12% | +34% | 12% | 26.1× | 58.7% | +0.8% |
| Avary Holding (Shenzhen) 002938.SZ | China | $16.2B | -35% | +8% | 10% | 22.4× | n/a | n/a |