On May 6, Luxshare Precision (002475) disclosed in an investor exchange activity that currently, except for a few factories in Shanghai, the company’s East China factories are resuming work and production in an orderly manner.
Regarding the performance expectations for the first half of this year, Luxshare said that nearly 60% of the company’s production capacity is realized in East China. Objectively, there are currently some uncertain factors. Microscopically, the company is also facing difficulties, but at the same time, it has also received a lot of support and help. “The overall business situation is still under control at this stage, but we hope to give everyone a responsible expectation under a more controllable situation.”
However, Luxshare Precision said that the company’s Vietnam factory has not affected production since mid-March this year. The current impact on Vietnam’s production is that domestic materials are transported to Vietnam by land, which is subject to the export restrictions of Friendship Pass. Although it is relieved by air, sea and train transportation, it still affects the operating rate and transportation cost to a certain extent. Lixun Precision emphasized that the company’s overseas production capacity accounts for about 1/4, and the overall situation is smooth.
Regarding Luxshare’s automotive business, Luxshare emphasized that in the long run, Luxshare will focus on the automotive Tier 1 market, and in the medium term, co-manufacturing cars for customers is also a good track, and is also conducive to the development of Luxshare’s Tier 1. As for whether Luxshare Precision will lay out the lidar business, Luxshare Precision said that the company has a strong ability to realize precision modules related to sound, light and electricity, and can also help the realization of lidar modules. craft.
Lixun Precision emphasized that for the company’s profit growth point, the proportion of consumer electronics in the next five years will still be relatively large, and the following industries such as communications and automobiles will also make better contributions with the previous layout.
Luxshare Precision said that the company’s preparations for fixed increase are progressing in an orderly manner.
As of the close on May 6, Luxshare Precision fell 2.24% to close at 29.18 yuan.