Luxshare Precision's main business targets automotive electronics

Luxshare Precision stated on the interactive platform that automotive electronics is one of the company's important businesses. The company has a deep layout in this field and is capable of providing customers with high-voltage, high-current and other automotive power solutions as well as related automotive wiring harnesses, electronic modules and other product services.

Tianyancha shows that Luxshare Precision Industry Co., Ltd. is a company that focuses on the research and development, production and sales of connectors. Its core products are computer connectors. At the same time, it is gradually entering the fields of automotive connectors, communication connectors and high-end consumer electronics connectors to expand new product markets. Luxshare Precision's main business is the production and operation of connecting wires, connectors, computer peripherals, and plastic hardware products.

It is reported that Luxshare Precision's main business currently consists of four parts: consumer electronics products, computer interconnection products, communication Internet products, and automotive Internet products. Among them, consumer electronics products account for nearly 85% of operating income and are the main contributor to performance. In other words, after years of strategic layout, Luxshare Precision has become one of the few precision manufacturing platform companies in China.　

In 2012, Luxshare Precision acquired Fujian Yuanguang Electronics Co., Ltd. and entered the automotive electronics field. After years of mergers and acquisitions, Luxshare Precision has not only achieved its own expansion at a relatively low cost, but more importantly, it has further helped it to achieve horizontal business expansion. Over the past few years, Luxshare Precision has gradually entered the consumer electronics industry chain, communications, automotive electronics, wearables, acoustics, camera modules and other fields from the connector business. The continuous expansion and breakthrough of product lines and application fields have also laid the foundation for its growing performance.

In terms of financial data, in the first three quarters of this year, Luxshare Precision achieved revenue of 23.076 billion yuan, a year-on-year increase of 40.75%; net profit attributable to shareholders of listed companies was 2.142 billion yuan, a year-on-year increase of 54.54%. Luxshare Precision also disclosed that in the first three quarters, it achieved revenue of 59.528 billion yuan, a year-on-year increase of 57.33%; net profit attributable to shareholders of listed companies was 4.68 billion yuan, a year-on-year increase of 62.06%.