Luxshare Earnings Surge on Strong Demand Across Sectors

Luxshare Precision Industry, a major supplier of Apple products, reported robust first-half earnings on Monday. The company's net profit attributable to shareholders rose 18% year-over-year to 7.84 billion yuan ($1.17 billion) in the six months ended June.

This increase was driven by strong demand across consumer electronics, data centers, and automotive products. Revenue jumped 40.2% to 174.5 billion yuan during this period, while adjusted net profit increased 6.5% to 5.96 billion yuan.

Luxshare's stock price rose 2.4% to 55.00 yuan by 05:15 GMT on Monday following the announcement. The company also provided a positive outlook for its nine-month earnings, forecasting a net profit increase of 15% to 25% between 13.25 billion yuan and 14.40 billion yuan.