Since this year, the leading enterprise of “fruit chain” Luxshare Precision Industry Co.Ltd(002475) ( Luxshare Precision Industry Co.Ltd(002475) ) has been “falling endlessly” in the secondary market. On April 11, Luxshare Precision Industry Co.Ltd(002475) hit a new low of 27.8 yuan / share in the intraday trading, down more than 40% from the beginning of 2022. Under the continuous decline of share price, on April 11, Luxshare Precision Industry Co.Ltd(002475) announced that Wang Laisheng, one of the actual controllers and vice chairman of the company, planned to increase the shares of the company by 200400 million yuan.
one of the actual controllers plans to increase holdings by 200400 million yuan
On April 11, Luxshare Precision Industry Co.Ltd(002475) announced that Wang Laisheng, one of the actual controllers and vice chairman of the company, planned to increase the shares of the company through the Shenzhen stock exchange system. The amount of this proposed increase is not less than 200 million yuan and not more than 400 million yuan; The implementation period shall be completed within 6 months from the date of announcement of the shareholding increase plan.
According to the announcement, the purpose of Wang Laisheng’s shareholding increase is based on the recognition of the internal value of the company and the firm confidence in the sustainable and stable development in the future, in line with the social responsibility of jointly promoting the stable and healthy development of the capital market.
It is understood that Wang Laichun and Wang Laisheng jointly purchased the equity of Lixun Co., Ltd. in 1999, and established Luxshare Precision Industry Co.Ltd(002475) , as the joint actual controller of Luxshare Precision Industry Co.Ltd(002475) through the investment of Lixun Co., Ltd. in 2004. Up to now, Wang Laisheng holds 5.2277 million Luxshare Precision Industry Co.Ltd(002475) shares, accounting for 0.07% of the company’s shares.
Statistics show that Luxshare Precision Industry Co.Ltd(002475) products and business layout are characterized by diversification and vertical integration, comprehensively covering parts, modules and system assembly, mainly serving the fields of consumer electronics, communication and data center, automotive electronics and medical treatment.
Behind the increase in holdings by actual controllers, Luxshare Precision Industry Co.Ltd(002475) the share price has fallen significantly since this year. According to China stock market news, from January 4 to April 11, the cumulative decline of Luxshare Precision Industry Co.Ltd(002475) share price range was 43.39%, and the market fell 22.46% in the same period, underperforming the market. According to the calculation of the reporter of Beijing business daily, since this year, the market value of Luxshare Precision Industry Co.Ltd(002475) has evaporated about 151243 billion yuan.
It is worth mentioning that on April 11, Luxshare Precision Industry Co.Ltd(002475) shares also hit a new low of 27.8 yuan / share in the session. As of the closing on April 11, Luxshare Precision Industry Co.Ltd(002475) shares closed at 27.85 yuan / share, down 5.08%, with a total market value of 19.3 billion yuan, a full day turnover of 2.071 billion yuan and a turnover rate of 1.04%.
Xu Xiaoheng, an investment and financing expert, said in an interview with the Beijing Business Daily that the increase in the company’s shares held by the actual controllers, shareholders and directors, supervisors and Gao of listed companies can inspire investors’ investment confidence, which is a common measure for listed companies to stabilize their share prices.
The reporter of Beijing Business Daily called Luxshare Precision Industry Co.Ltd(002475) Secretary Office for an interview on the company’s related problems, but no one answered the phone.
2021 revenue increase without profit increase
Due to the “lack of core and materials”, the performance of some “fruit chain” companies was affected in 2021, and Luxshare Precision Industry Co.Ltd(002475) was also one of them. In 2021, there was a situation of increasing income without increasing profit.
Luxshare Precision Industry Co.Ltd(002475) 2021 performance express shows that the operating revenue of the company during the reporting period was about 154106 billion yuan, with a year-on-year increase of 66.6%; The corresponding attributable net profit was about 7.072 billion yuan, a year-on-year decrease of 2.12%.
Regarding the situation of increasing revenue without increasing profit in 2021, Luxshare Precision Industry Co.Ltd(002475) said that during the reporting period, under the background of repeated global epidemic, in the face of the severe macroeconomic situation such as “lack of core and materials” in the upstream industrial chain, unilateral rise in raw material prices and transportation costs, and different degrees of delay in the mass production and delivery time of some products, multiple factors led to the increase of the company’s operating costs, With the overall impact of the product profit margin of the company’s holding subsidiary Likai precision technology (Yancheng) Co., Ltd. on the company, the company’s comprehensive profit margin fell year-on-year.
It is worth mentioning that in recent years, Luxshare Precision Industry Co.Ltd(002475) attributable net profit has always maintained a growth model, and 2021 is the first time that the net profit of the company has declined in recent ten years.
However, in the first quarter of this year, the performance of Luxshare Precision Industry Co.Ltd(002475) improved. According to the performance forecast of Luxshare Precision Industry Co.Ltd(002475) 2022 in the first quarter, the company expects the attributable net profit in the first quarter to be 1.687-1.754 billion yuan, an increase of 25% – 30% year-on-year.
It is worth mentioning that Luxshare Precision Industry Co.Ltd(002475) is still adding weight to the new energy vehicle industry. At the end of February this year, Luxshare Precision Industry Co.Ltd(002475) threw out a high fixed growth plan of 13.5 billion yuan.
Specifically, on February 22, Luxshare Precision Industry Co.Ltd(002475) announced that the company plans to raise no more than 13.5 billion yuan for the construction of intelligent wearable device product line and technology upgrading project, intelligent mobile terminal precision parts and components product line construction project, new energy vehicle high voltage connection system product line construction project, semiconductor advanced packaging and testing product line construction project There are seven projects, including the construction project of intelligent mobile terminal display module product production line, the construction project of intelligent vehicle connection system product production line and the supplementary working capital. Among them, the new energy vehicle high-voltage connection system product line construction project and the intelligent vehicle connection system product line construction project involve new energy vehicles, and it is planned to invest 1.5 billion yuan and 500 million yuan respectively.
Luxshare Precision Industry Co.Ltd(002475) said that with the completion and operation of the investment projects with raised funds, the company’s production capacity structure will be optimized, the product line will be further enriched, the added value of products and the market share of the company will be improved, and the overall profitability will also be improved.
