Luxshare Precision Industry (002475) Q2 2026 earnings summary

Executive summary

• Revenue for H1 2026 reached ¥174.50 billion, up 40.16% year-over-year; net profit attributable to shareholders was ¥7.84 billion, up 18.04% year-over-year.

• Excluding non-recurring items, net profit was ¥5.96 billion, up 6.47% year-over-year.

• Gross margin improved to 11.78%, up 0.17 percentage points year-over-year, driven by growth in higher-margin segments.

• The company maintained strong operational resilience amid FX volatility, raw material price changes, and ongoing investments.

Financial highlights

• Operating cash flow was negative ¥2.45 billion, down 47.54% year-over-year, mainly due to supplier payments.

• Total assets at period-end were ¥349.89 billion, up 14.14% from year-end 2025.

• Net assets attributable to shareholders were ¥93.61 billion, up 10.23% from year-end 2025.

• Basic EPS was ¥1.0774, diluted EPS ¥1.0526.

• Non-recurring gains included government subsidies and FX hedging income.

Outlook and guidance

• H2 2026 expected to benefit from new product launches, accelerated project ramp-ups in data center and automotive, and further release of synergies from Leoni integration.

• The company aims for continued scale growth, improved profitability, and industry-outperforming results.