Luxshare Precision reports 5.74% revenue increase to RMB103.60bn in H1 2024, drives growth through diversification, and anticipates benefits from new iPhone models and wearables.

Luxshare Precision, a leading Chinese electronics manufacturer, reported a 5.74% revenue increase in H1 2024, reaching RMB103.60 billion, with net profit rising 23.89% to RMB5.40 billion. The company credits its success to diversification across consumer electronics, automotive, and data sectors. As a key iPhone supplier, it anticipates benefits from upcoming iPhone models and growth in wearables. Luxshare aims to lead in global automotive parts and projects a 20-25% net profit increase for 2024.

September 04, 2024
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