Luxshare Precision Industry (002475) H1 2024 earnings summary

Executive summary

• Revenue for H1 2024 reached ¥103.60 billion, up 5.74% year-over-year, driven by product shipment growth and business expansion.

• Net profit attributable to shareholders was ¥5.40 billion, up 23.89% year-over-year.

• Adjusted net profit (excluding non-recurring items) was ¥4.96 billion, up 19.38% year-over-year.

• The company continued to diversify across consumer electronics, communications, and automotive, with strong performance in new and existing products.

• Cash flow from operations declined 72.76% year-over-year due to timing differences in collections and payments.

Financial highlights

• Gross margin for consumer electronics was 10.49%, up 0.98 percentage points year-over-year.

• Basic EPS was ¥0.75, up 22.95% year-over-year; diluted EPS was ¥0.74.

• Total assets at June 30, 2024: ¥182.83 billion, up 12.86% from year-end 2023.

• Net assets attributable to shareholders: ¥59.52 billion, up 5.70% from year-end 2023.

• Operating cash flow: ¥2.40 billion, down from ¥8.81 billion year-over-year.

Outlook and guidance

• Management remains focused on high-quality growth, business structure optimization, and technological innovation.

• The company will continue to invest in R&D and digital transformation to drive long-term competitiveness.

• No interim dividend, bonus shares, or capital increase from reserves planned for H1 2024.