Luxshare ICT (02475), a provider of precision intelligent manufacturing solutions, has concluded its public share offering, which ran from June 30, 2026, to July 6, 2026.

Market sources indicate the offering attracted HK$5.947 billion in margin financing from brokerages.

This represents an oversubscription rate of approximately 1.45 times relative to the public offering tranche of HK$2.427 billion.

The company plans a global offering of 383 million H shares, with approximately 10% allocated to the Hong Kong public offering and 90% to the international offering.

The offer includes a 15% over-allotment option.

The maximum offer price is HK$63.28 per share, with a board lot size of 100 shares, translating to an entry cost of HK$6,391.82 per lot.

Luxshare ICT expects its H shares to commence trading on the Hong Kong Stock Exchange on Thursday, July 9.

The joint sponsors for the offering are China Securities (International) Finance Holding Company Limited, Goldman Sachs (Asia) L.L.C., and China International Capital Corporation Hong Kong Securities Limited.

The IPO attracted over 20 cornerstone investors, including Tai Bai, True Light, HHLRA, GIC, CPE Neem, Greenwoods Asset Management Hong Kong Limited, Foresight Funds, ADIA, and UBS Asset Management (Singapore) Ltd.

These cornerstone investors have committed to subscribe for a total of approximately US$1.5 billion worth of shares.

Based on the maximum offer price of HK$63.28 per share, this equates to roughly 186 million H shares, representing about 48.44% of the total H shares offered in the global offering.

Company's Market Position

According to its prospectus and data from Frost & Sullivan, Luxshare ICT is mainland China's largest and the world's fifth-largest provider of Precision Intelligent Manufacturing Solutions (PIMS) by 2025 revenue.

The company is an innovative technology firm dedicated to providing global customers in the consumer electronics, automotive electronics, communications and data center, and other end markets with cross-field, vertically integrated development and manufacturing solutions ranging from precision components and modules to systems.

Specifically, Frost & Sullivan data shows that by 2025 revenue, the company ranks second globally and first in mainland China in the consumer electronics components and modules PIMS market, holding an 11.2% global market share.

Business Development and Strategy

The company started with precision components for consumer electronics and has evolved into a cross-field, integrated PIMS provider through organic growth, acquisitions, and strategic partnerships.

It offers a vertically integrated PIMS model applicable to all major categories of consumer electronics, including smartphones, laptops, tablets, smart wearables, smart audio terminals, smart home devices, and outdoor electronics.

While consolidating its leadership in consumer electronics, the company has successfully replicated this model in areas like automotive electronics and communications and data centers.

According to Frost & Sullivan, the company possesses the most comprehensive and diversified product portfolio among global PIMS providers, covering over 500 product categories under customs codes.

Leveraging its scale and diversified operations, the company is well-positioned to capture market opportunities in other frontier industries, such as AI-powered smart terminals, 3D printing, the low-altitude economy, and robotics.

Financial Performance

For the fiscal years 2023, 2024, and 2025, the company reported revenues of approximately RMB 231.905 billion, RMB 268.795 billion, and RMB 332.344 billion, respectively.

Annual profits for the same periods were approximately RMB 12.243 billion, RMB 14.579 billion, and RMB 18.170 billion, respectively.

Use of Proceeds

According to its strategic plan, Luxshare ICT intends to allocate the net proceeds from the global offering as follows: approximately 35% for expanding production capacity and upgrading existing production bases; about 30% for investment in technology research and development; roughly 15% for investment in high-quality targets within the upstream and downstream industries or related sectors; around 10% for repaying certain existing interest-bearing bank loans used for working capital; and the remaining 10% for working capital and other general corporate purposes.