SHERIDAN, WYOMING -- August 27, 2026 -- Luxshare Precision Industry Co., Ltd. (SZSE: 002475; HKEX: 02475) reported revenue of RMB 174.50 billion for the six months ended June 30, 2026, up 40.2% year over year. The Dongguan, China-based manufacturer posted net profit attributable to shareholders of RMB 7.84 billion, a rise of 18.0%. Gross margin expanded 17 basis points to 11.78%, driven by faster growth in higher-margin communications, data center and automotive electronics segments. The company disclosed the unaudited results on Aug. 28, 2026.
Net profit attributable to shareholders excluding non-recurring gains and losses increased 6.5% to RMB 5.96 billion, a slower pace than headline profit growth. The gap stemmed from foreign-exchange dynamics: the company booked roughly RMB 1.99 billion in losses on foreign-currency monetary assets and liabilities, while related hedging activities generated about RMB 1.30 billion in gains classified as non-recurring items under applicable accounting rules.
The accounting mismatch cut into core profitability even as revenue surged.
Automotive Electronics Revenue Jumps 274.1% On Leoni Integration
Automotive Electronics revenue reached RMB 32.39 billion in the first half, up 274.1% year over year, fueled by organic growth, customer program ramps and the contribution of Leoni. High-speed connectors and rear-wheel steering products entered mass production during the period. Intelligent cockpit and advanced driver-assistance platforms progressed across multiple vehicle programs. Luxshare Precision said the Leoni integration continued to outperform expectations, strengthening global customer access and localized delivery capabilities.
Communications And Data Center Revenue Rises 49.7% On AI Infrastructure Build-Out
Communications and Data Center revenue climbed 49.7% to RMB 16.61 billion. The company shipped 800G optical products in volume and delivered 1.6T DAC, ACC and AEC products in batches during the first half. DC-DC server power modules moved into scaled production, and Luxshare Precision advanced 224G and 448G copper interconnect technologies for next-generation data center architectures.
Consumer Electronics Still Anchors Revenue At RMB 122.48 Billion
Consumer Electronics revenue rose 19.3% to RMB 122.48 billion, remaining the largest of the three core businesses even as its growth trailed the newer segments. Luxshare Precision said it is extending its role from components and modules into product definition, system development and volume manufacturing for AI PCs, smart wearables, AI glasses and intelligent acoustic products.
That shift changes how much of each device's value the company actually captures.
R&D Spending Climbs 43.1% To RMB 6.57 Billion
Research and development investment increased 43.1% to RMB 6.57 billion, covering engineering talent, tooling, materials and certification costs. More than half of that spending supported technology preparation for programs approaching commercialization, while capital expenditures totaled RMB 10.27 billion, up RMB 742 million year over year, directed mainly toward overseas facility expansion and new product lines.
Operating Cash Flow Swings To RMB 4.62 Billion In Q2
First-half operating cash flow showed an outflow of RMB 2.45 billion, driven by seasonal supplier payments and more than RMB 5 billion in strategic inventory preparation. Inventory stood at RMB 50.37 billion as of June 30, 2026, up 19.0% from year-end 2025, a pace well below the 40.2% revenue growth rate. Operating cash flow reversed in the second quarter alone, reaching a positive RMB 4.62 billion.
Wang Laichun Cites Discipline Behind AI And Vehicle Bets
"Our first-half performance demonstrates the resilience of Luxshare Precision's diversified portfolio and global operating platform," said Wang Laichun, Chairwoman and General Manager of Luxshare Precision. The company said it is investing with discipline in areas tied to defined customer demand and technology roadmaps, particularly AI-enabled devices, AI infrastructure and intelligent vehicles.
Global Footprint Spans 29 Countries And 100-Plus Plants
Luxshare Precision now operates more than 100 production sites across five continents and 29 countries, supporting localized delivery and supply chain resilience for customers. The company said it will keep supporting consumer electronics product launches and ODM/JDM programs through the rest of 2026. It plans to expand automotive customer programs and capture further gains from the Leoni integration while maintaining disciplined capital allocation.