The front foot just announced the establishment of ODM company with Chery new energy, Luxshare Precision Industry Co.Ltd(002475) and the back foot threw out a fixed increase of 13.5 billion yuan to expand the production of consumer electronics and new energy vehicles.
Luxshare Precision Industry Co.Ltd(002475) successive big moves have attracted the attention of many institutions, and the leaders of public offering and private placement have investigated in person. According to the statistics of the securities times, 223 institutions participated in the company’s research activities after Luxshare Precision Industry Co.Ltd(002475) announced the construction of the car on February 13; On February 22, Luxshare Precision Industry Co.Ltd(002475) announced a fixed increase of 13.5 billion, and 239 institutions conducted research on the company. Excluding institutions with duplicate names, a total of 332 institutions have investigated Luxshare Precision Industry Co.Ltd(002475) since February, ranking first in the number of monthly institutions.
It is worth mentioning that the two research activities of Luxshare Precision Industry Co.Ltd(002475) attracted many top-level public offering and private placement leaders to personally participate. Fu Pengbo of Ruiyuan fund, GUI Kai of Harvest Fund, Deng Xiaofeng of Gaoyi assets, etc. made continuous research and paid close attention to the latest developments of the company.
At the close on February 23, Luxshare Precision Industry Co.Ltd(002475) rose 3.34% to 43 yuan, with the latest market value of 304.1 billion yuan.
300 billion “fruit chain” car making attracts the attention of leaders
In the morning of February 23, “fruit chain” giant Luxshare Precision Industry Co.Ltd(002475) announced the institutional research information on February 22. 239 institutions conducted research on the company, including 87 fund companies, 72 investment institutions including private placement, and many foreign-funded institutions.
Public offering includes e fund, GF fund, Harvest Fund, China Europe Fund, South Fund, Ruiyuan fund, China Merchants Fund, Boshi fund and other top flow institutions. Private placement includes head institutions such as Gaoyi assets, Jinglin assets, Chongyang investment and Danshui spring investment, and insurance assets such as life assets, Taiping assets, Xinhua assets and Huatai asset management are also involved.
On February 13, Luxshare Precision Industry Co.Ltd(002475) also attracted the attention of many star institutions after the announcement of the car. At that time, there were 223 participating institutions, including e fund, GF fund, Harvest Fund, Nanfang fund and other top public offerings. Head private placement institutions such as Gaoyi assets, Jinglin assets, Danshui spring investment and Chongyang investment were also listed.
It is worth mentioning that the research list released on February 13 shows that a number of public and private equity leaders participated in the research, including e fund Zhang Qinghua and Feng Bo, Ruiyuan fund Fu Pengbo, Harvest Fund GUI Kai, huitianfu fund Hu Xinwei, Xingzheng Global Fund Xie Zhiyu, Fuguo fund Zhu Shaoxing, China Europe fund Zhou Yingbo, Gaoyi asset Deng Xiaofeng, etc.
Among them, Fu Pengbo of Ruiyuan fund, GUI Kai of Harvest Fund and Deng Xiaofeng of Gaoyi asset participated in the company’s research twice in succession. In general, the research and even teleconference of fund companies are usually done by fund company researchers. It is rare for star fund managers to “go out” in person, unless the stocks involved are of great significance.
Luxshare Precision Industry Co.Ltd(002475) a fixed increase of 13.5 billion will be invested in consumer electronics and automobile business
On February 21, Luxshare Precision Industry Co.Ltd(002475) announced that it plans to raise 13.5 billion yuan in a non-public offering to invest in seven projects, including the production of intelligent wearable devices, precision components of intelligent mobile terminals, high-voltage connection system of new energy vehicles, advanced semiconductor packaging and testing.
According to the company’s announcement, 7 billion yuan of consumer electronics business is planned to be invested in the raised funds, including intelligent wearable device production project (3.5 billion yuan), intelligent mobile terminal precision components (2.7 billion yuan) and intelligent mobile terminal display module (800 million yuan); It is proposed to invest 2 billion yuan in automobile business, including new energy vehicle high-voltage connection system (1.5 billion yuan) and intelligent vehicle connection system (500 million yuan); It is planned to invest a total of 950 million yuan in semiconductor advanced packaging and testing business.
In the research activities, Luxshare Precision Industry Co.Ltd(002475) said that the amount of 13.5 billion was calculated from the technical level and financial capital level in combination with the development needs in the next five years, which will meet the development needs of these six projects in the next five years.
For the intelligent wearable device product line construction and technology upgrading project, RMB 3.5 billion will safely cover visible products and potential opportunities.
For the construction project of intelligent mobile terminal precision parts and components production line, the fund raised is 2.7 billion, which will serve project I to a certain extent, and some parts will also cover other product lines.
New energy vehicle high-voltage connection system product line construction project and intelligent vehicle connection system product line construction project are auto parts projects. 2 billion is mainly used for Tier1 business, including special harness, high / low voltage harness, charging gun and vehicle harness. In addition, we also see some potential product opportunities, These opportunities are to strive to make Lixun a leading Tier1 manufacturer in the world.
The production line construction project of semiconductor advanced packaging and testing products includes SIP and wafer level packaging, with an investment of 950 million yuan, which is mainly to prepare for the sustainable development of SIP business and the packaging business to be expanded in the future.
The total investment of the intelligent mobile terminal display module product production line construction project is 2.05 billion yuan, of which 800 million yuan is raised. The main products of the project include miniled and display related products based on LED technology.
Citic Securities Company Limited(600030) the research points out that the company plans to raise funds through non-public offering, which can effectively alleviate the pressure on the capital side of the company on the one hand; On the one hand, through fund-raising and production expansion, the company will further improve its production capacity in the fields of consumer electronics and vehicle, so as to help the company’s long-term development; On the other hand, the investment in advanced semiconductor packaging and testing business is also the extension and territory expansion of the company based on the upstream of the existing module and complete machine business industrial chain.
car making business has attracted much attention
In the research activity on February 22, Luxshare Precision Industry Co.Ltd(002475) attracted the attention of institutions in the latest layout of the automotive field.
Luxshare Precision Industry Co.Ltd(002475) said that the company has worked deeply in the field of consumer electronics for many years, has profound industrial accumulation and ODM ability, and is familiar with the operation and management mode of ODM. Chery has rich experience in the field of traditional vehicles and has a strong technical foundation. The cooperation between the company and Chery is a good opportunity. The cooperation between the company and Chery is to explore a new vehicle ODM mode that deeply binds Chery’s vehicle technology foundation with the ODM industry experience of Lixun for many years. Only in this way can we achieve a relatively complete service platform. The current time window is very important. We need to seize the opportunity.
As we all know, Luxshare Precision Industry Co.Ltd(002475) is a leading company in the A-share Apple industrial chain, OEM Apple’s airpods headset, applewatch watch and iPhone. However, as electronic products such as mobile phones are approaching saturation, and apple introduces more OEM suppliers to distribute product manufacturing to different baskets, the OEM giant has increased revenue without increasing profits in recent years.
While the technology giants are going to build cars one after another, the OEM giants seem to be looking for a new way out, and the automobile industry has become the focus of their attention.
The company said that the safety level of automotive products may be second only to aerospace products. Unlike many consumer electronics products, automotive products need to be synchronized with customers in the development stage. Whether it is high-voltage, low-voltage or other products, the company needs to be closely combined with the whole system, and the product development cycle is relatively longer. In addition, the customers of automobile business are more dispersed than consumer electronics, and the technology precipitation of automobile Tier1 manufacturers is usually deeper.
For future planning, the company also has clear development ideas and directions. The company said that there are many common factors in the manufacturing industry. The company has precipitated in the field of consumer electronics for many years and continues to empower customers’ product lines in terms of automation, cost control and quality assurance. Years of experience in smart manufacturing and other related fields in consumer electronics and communications will be brought into full play on smartev. Compared with traditional Tier1 manufacturers, the new service concept cultivated by the company under relevant accumulation is expected to be more in line with the future development trend of smartev. The company’s goal is that Tier1 business can enter the top ten in the world within three five years.
