Who is Luxshare

Luxshare Precision Industry Co., Ltd., established on May 24, 2004, is an electronic product manufacturer located in Chinese Mainland. It was successfully listed on the Shenzhen Stock Exchange on September 15, 2010. Since its listing, the annual compound growth rate of operating income has been 50%. With technology orientation as the core, Luxshare Precision takes into account product research and development and application services, and gradually realizes the leap from traditional manufacturing to intelligent manufacturing.

Luxshare Precision is a member of SATA-IO, USB-IF, VESA, SFF, PCI-SIG, IEEE, IBTA and other associations, and actively participates in the association and contributes to the development of standard interface specifications and measurement specifications. With the core technology and intellectual property rights of its own products, Luxshare Precision has applied for more than one invention patent, utility model patent and design patent, and has been continuously innovating and improving, and continuously optimizing.

At the same time, Luxshare Precision has always carried out an integrated layout of "components, modules and complete sets" around the entire business of Apple's mobile phones, headsets, computers, tablets and watches. When it comes to Apple's new products, Luxshare Precision will continue to use its powerful precision manufacturing capabilities, so as to continue to lay out its deep work and look at the incremental development opportunities of relevant complete machines and components. With the continuous in-depth research on the manufacturing of complete vehicles, the core parts of automobiles, and the gradual accumulation and gradual formation of scale in technology, the automobile business has the potential to become a new business driver of the company.

Company History

Who are the owners of Luxshare?

Wang Laichun, female, born in Chenghai, Shangtou,Guangdong in 1967.

In 1988, at the foot of the collapse mountain in Xixiang, Shenzhen, the Taiwanese company Foxconn established its first factory in the mainland, namely Shenzhen Ocean Electronic Connector Factory. Wang Laichun, 21, with luggage, stood in front of the factory for the first time from the land in the field, and became the first batch of female workers.

After entering Foxconn, she became an ordinary worker and worked there for 10 years, from assembly line worker to section chief. In 1998, Wang Laichun resigned from Foxconn. With her savings and the money raised from her brother, she bought the Hong Kong Luxshare Corporation, sold the connectors to Foxconn, established a complete economic industrial chain, and grew up step by step. In 2004, she established the Luxshare Precision Co., Ltd. in Shenzhen.

What is a Luxshare device?

While Luxshare does not manufacture a specific product, as an OEM contractor, they may manufacture and supply components or accessories for numerous devices manufactured by other firms. For example, they have previously supplied components for Apple devices such as AirPods and iPhones. Additionally, Apple has turned to Luxshare to produce an Apple AR device for release on February 2023, but only under the Apple name.

What does Luxshare make?

The company has three major business unit: consumer electronics, enterprise and communication products, automobile and medical.

The connectors, connecting wires, motors, wireless charging, FPC, antennas, acoustics, electronic modules and other products produced by Luxshare Precision are widely used in most important fields in the world, such as consumer electronics, communications, enterprise-level, automobile and medical treatment.

Products overview

Where is Luxshare?

Headquartered in Shenzhen, Guangdong, China, Luxshare Precision has multiple production bases, holding companies and research and development centers in China and the world.

Global Locations:

 30+ factories  and R&D center in China mainland. 

What is Luxshare cable?

Luxshare don't have own brand cable, they often do OEM for different customer. 

They can make USB cable, FPC cable, FFC cable, DAC cable, AOC cable, rf cable, vehicle harness etc.

Probably, you have a Luxshare cable on your desk right now. 

The Statistics Of Luxshare

The product structure, according the public data of 2021. 

2022 Profit Forecast

Luxshare Precision: It is estimated that the net profit in 2022 will increase by 35%~40% year on year. Luxshare Precision announced that the company's net profit in the third quarter was 2.6 billion RMB, up 63.47% year on year.

On October 28,2022, Lucent Precision released a performance forecast, predicting a net profit of 9.545 billion RMB to 9.899 billion RMB in 2022, an increase of 35% to 40% over the same period last year. At the same time, according to the third quarter report disclosed by Luxshare Precision, the company achieved revenue of 145.25 billion RMB in the first three quarters, with a year-on-year increase of 79.3%; The net profit was 6.4 billion RMB, up 36.48% year on year. The company's net profit in the third quarter was 2.62 billion RMB, up 63.47% year on year.

Total Revenue

The financial statements of 2022 have not been published yet. According to the data of 2022Q3, the revenue has reached the level of the whole year of 2021.

Conclusion:

Luxshare Precision is a company focusing on the R&D, production and sales of connectors. In 2011, it entered the "Apple chain" and became an iPad cable supplier. In 2017, the company obtained the qualification of AirPods OEM, and then became the largest OEM manufacturer of AirPods.

After entering the "Apple chain", the performance of Luxshare Precision soared. From 2011 to 2021, the total revenue of Luxshare Precision increased from 2.556 billion RMB to 153.946 billion RMB, an increase of nearly 60 times; Net profit increased by 26 times from 257 million RMB to 7.071 billion RMB.

In recent years, the binding between Luxshare Precision and Apple has gradually deepened. From 2017 to 2021, the company's revenue from Apple, the largest customer, rose from 37% to 74% of the total revenue. The binding between Luxshare Precision and Apple is becoming more and more close, and there are also worries and hidden worries. The dependence on Apple has become higher and higher, and the hidden worry that success or failure depends on Apple has begun to appear in the performance.