Luxshare Earnings Surge on Strong Demand Across Sectors

Luxshare Precision Industry, an Apple supplier, has reported robust earnings growth for the first half of the year. The company's net profit attributable to shareholders rose 18% to 7.84 billion yuan ($1.17 billion) in the six months ended June.

The revenue increased by 40.2% to 174.5 billion yuan, while adjusted net profit grew 6.5% to 5.96 billion yuan. The company's stock rose 2.4% to 55.00 yuan on the Shenzhen exchange.

Luxshare expects its nine-month net profit to increase by 15% to 25%, with a forecast range of 13.25 billion yuan and 14.40 billion yuan. Adjusted profit is expected to rise 8.6% to 22.8%. The company cited strong demand in consumer electronics, data centers, and automotive products as the drivers of growth.