Luxshare Precision Releases 2024 Semi-Annual Report and Q3 Forecast

TapTechNews August 23rd news, Luxshare Precision has just released the latest semi-annual report for 2024, and TapTechNews summarizes the highlights as follows:

Revenue of 103.598 billion yuan ($14.64 billion), an increase of 5.74% year-on-year, due to increased enterprise consolidation and product shipments.

Net profit attributable to shareholders of 5.396 billion yuan ($763.98 million), an increase of 23.89%;

Basic earnings per share of 0.75 yuan, an increase of 22.95%;

R & D investment of 4.22 billion yuan ($594.68 million), an increase of 13.24%;

In addition, Luxshare Precision also released the third-quarter performance forecast, expecting a net profit of 3.453 billion to 3.822 billion yuan in the third quarter, an increase of 14.39% to 26.61% year-on-year.