- Luxshare Precision’s net income for the first half of 2024 was 5.40 billion yuan, exceeding estimates of 5.28 billion yuan.
- Net income grew by 24% year-over-year (y/y).
- Revenue reached 103.6 billion yuan, marking a 5.7% increase y/y.
- Sales of computer interconnect products and precision components were 4.38 billion yuan, up 4.3% y/y.
- Automotive interconnect products and precision components saw a 49% y/y growth, with sales hitting 4.76 billion yuan.
- Communication interconnect products and precision components sales rose by 22% y/y to 7.47 billion yuan.
- Consumer electronics sales grew to 85.5 billion yuan, an increase of 3.1% y/y.
- Sales of other connectors and other business segments declined by 8.2% y/y, amounting to 1.45 billion yuan.
- Earnings per share (EPS) were 74 RMB cents compared to 60 RMB cents y/y.
- Analyst recommendations include 41 buys, 1 hold, and zero sells.
Luxshare Precision Industry on Smartkarma
Analysts on Smartkarma have been closely monitoring Luxshare Precision Industry, with insightful research reports providing valuable perspectives on the company’s performance and market sentiment.
Travis Lundy, a prominent analyst on the platform, has highlighted fluctuations in Luxshare’s stock behavior in various reports. Lundy’s reports indicate shifts in sector preferences by investors, such as net buying in Financials, Industry, and Infotech, while selling Consumer and Pharma/Healthcare stocks. These reports offer detailed analyses of market trends and investor sentiment surrounding Luxshare Precision Industry, providing valuable insights for investors looking to understand the company’s position in the market.
A look at Luxshare Precision Industry Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on Smartkarma Smart Scores, Luxshare Precision Industry shows promising long-term potential. With a solid Momentum score of 5, the company is likely to continue its positive trend in the market. Its Growth score of 4 indicates potential for significant expansion, while its Resilience score of 3 suggests a stable performance even in challenging times. Additionally, a Dividend score of 3 reflects a moderate but consistent payout to investors. Although the Value score is at 2, the overall scores paint a favorable picture for Luxshare Precision Industry.
Luxshare Precision Industry Co., Ltd. is a company that specializes in researching, manufacturing, and selling connectors. Its products have a wide range of applications, including computers, communication devices, consumer electronics products, and automobiles. With a mix of high Momentum, Growth, and Resilience scores, Luxshare Precision Industry seems well-positioned for sustained success in its industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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