On August 26, LUXSHARE ICT rose 3.45% in regular trading, trading at 60.95 HKD/share, with turnover of HKD 124 million.
On the news front, the company released its interim results on August 24, reporting H1 revenue of RMB 174.504 billion, up 40.16% year-over-year, with attributable net profit of RMB 7.843 billion, up 18.04%. The board simultaneously issued Q3 guidance projecting net profit of RMB 13.246 billion to RMB 14.398 billion for the first nine months, representing 15% to 25% year-over-year growth.
Segment-wise, the communications and data center business posted 49.66% revenue growth, while automotive electronics surged 274.10%, with AI computing and high-speed interconnect emerging as core growth engines. The company also announced a mid-term dividend of RMB 1.1 per 10 shares, totaling RMB 849 million. H1 gross margin improved 0.17 percentage points to 11.78%, though profit growth lagged revenue expansion due to a 75.49% increase in administrative expenses and RMB 2.24 billion in financial costs.
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