On March 14, Luxshare Precision Industry Co.Ltd(002475) released the annual performance express of 2021. In 2021, Luxshare Precision Industry Co.Ltd(002475) achieved a total operating revenue of 154106 billion yuan, a year-on-year increase of 66.60%; The net profit attributable to shareholders of listed companies was 7.072 billion yuan, a year-on-year decrease of 2.12%.
Luxshare Precision Industry Co.Ltd(002475) said that during the reporting period, the company invested in and controlled Likai precision technology (Yancheng) Co., Ltd. (hereinafter referred to as “Likai precision”). Since 2021, in response to the large demand of customers for mobile phone precision display structure module products in the next few years, the business scale of Likai precision has shown rapid growth in the reporting period. However, due to the large initial investment in mobile phone precision display structure module products and the high proportion of materials in the product cost structure, the overall product profit margin of Likai precision has been greatly affected, It also has a certain impact on the profit margin of Luxshare Precision Industry Co.Ltd(002475) consolidated statements.
Luxshare Precision Industry Co.Ltd(002475) said that after experiencing the accelerated demand of the market and consumers for acoustic wearable products, the shipment of acoustic wearable products of the company showed a significant correction in 2021, which had a great phased impact on the year-on-year operating revenue and net profit of the company’s business, and it is expected to stabilize as a whole in 2022. In this business, the company will continue to play the role of key customers and important partners, and promote business development steadily and with high quality.
In addition, on March 14, Luxshare Precision Industry Co.Ltd(002475) issued an announcement on the progress of the 337 investigation of the company conducted by the United States International Trade Commission (hereinafter referred to as “ITC”), saying that on March 12, the company learned the preliminary ruling result of the ITC administrative judge (hereinafter referred to as “ITC preliminary ruling”), It shows that only part of the products directly exported to the United States by the previous generation of hsio of the company fall into the scope of patent protection claimed by Amphenol group; For the other alleged products involved in the other two U.S. patents, ITC confirmed that the company did not constitute infringement or the patent claims claimed by Amphenol group were invalid. The new design schemes proposed by the company have been determined by ITC and do not constitute any infringement of the three patents.
