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Luxshare-ICT Reports Resilient 2025 Performance, Reinforcing Its Global Precision Manufacturing Platform

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DONGGUAN, China, April 27, 2026 /PRNewswire/ — Luxshare Precision Industry Co., Ltd. (“Luxshare-ICT” or the “Company”) officially released its 2025 Annual Report, reporting solid growth across key financial indicators while continuing to strengthen its global precision manufacturing platform.

In 2025, the Company achieved operating revenue of RMB 332.34 billion, representing a year-on-year increase of 23.64%. Net profit attributable to shareholders of the listed company reached RMB 16.60 billion, up 24.20% year-on-year, while net profit excluding non-recurring gains and losses reached RMB 14.17 billion, an increase of 21.16% year-on-year.  

The Company’s 2025 performance was delivered against a complex external environment marked by supply chain regionalization, trade policy uncertainty, raw material cost fluctuations, memory price increases and foreign exchange volatility. Despite these challenges, Luxshare-ICT maintained stable operations, reflecting the resilience of its diversified business structure, global manufacturing footprint, vertical integration capabilities and disciplined operational management.

Management believes that the true strength of an enterprise is demonstrated not only by its ability to grow in favorable cycles, but also by its capacity to sustain performance amid uncertainty. In 2025, Luxshare-ICT continued to deepen its core businesses, invest in emerging opportunities and reinforce the foundation for long-term growth.

A Diversified Business Portfolio Supporting Sustainable Growth

During the reporting period, Luxshare-ICT continued to focus on three core areas: consumer electronics, communications and data centers, and automotive electronics. These businesses collectively contributed to the Company’s revenue growth and enhanced its ability to navigate market cycles.

In consumer electronics, the Company further strengthened its full-scenario product coverage and vertical integration capabilities. The development of edge AI devices, AI smartphones, AI PCs, smart wearables, AR/VR devices and smart home products has created new opportunities for precision components, modules and system-level solutions. By integrating ODM capabilities and R&D resources, Luxshare-ICT enhanced its ability to support customers from product definition, industrial design and process development to high-yield mass production and full lifecycle services.

In communications and data centers, the rapid development of artificial intelligence continued to drive demand for high-performance computing infrastructure. The Company’s communications and data center business achieved revenue of RMB 24.57 billion in 2025, representing year-on-year growth of 33.81%, with gross margin improving by 2 percentage points to 18.40%.   This business has become an increasingly important growth driver as global customers accelerate investment in AI servers, high-speed interconnect, optical connectivity, thermal management and power management solutions.

In automotive electronics, the Company made significant progress in expanding its global Tier 1 capabilities. Revenue from automotive electronics reached RMB 39.25 billion in 2025, representing year-on-year growth of 185.34%, supported by both organic business expansion and the consolidation of Leoni.   The Company continued to develop a broad portfolio covering automotive wiring harnesses, high-voltage and low-voltage connectors, high-speed connectors, intelligent cockpit systems, advanced driver-assistance solutions and intelligent chassis-related products.

Global Manufacturing Network Enhancing Operational Resilience

Globalization remains a key pillar of Luxshare-ICT’s long-term strategy. In 2025, the Company further expanded and optimized its global manufacturing network. Building on its established overseas capacity in Vietnam and other regions, the integration of Leoni further extended the Company’s manufacturing footprint across five continents, with more than 100 production sites worldwide.  

This global footprint allows the Company to better support customers’ regional supply chain strategies, provide localized delivery, improve responsiveness and reduce exposure to single-region operational risks. As global supply chains continue to evolve, Luxshare-ICT’s cross-regional manufacturing and delivery capabilities have become an important competitive advantage.

The integration of Leoni also represents an important milestone in the Company’s automotive globalization strategy. By bringing together Leoni’s established global customer base and production network with Luxshare-ICT’s strengths in precision manufacturing, digital management and operational efficiency, the Company has created new opportunities in automotive wiring harnesses and broader automotive electronics. According to management, Leoni achieved profitability improvement in the first year of integration, providing a strong foundation for future collaboration with global automotive customers.  

Vertical Integration and Smart Manufacturing as Core Competitive Advantages

Luxshare-ICT’s value proposition extends beyond manufacturing scale. The Company has built a vertically integrated platform covering precision components, modules and system-level solutions across multiple end markets. Its technical capabilities span acoustics, optics, electrical interconnect, thermal management, magnetics, radio frequency, precision structures and system integration.  

This broad technology foundation enables the Company to support customers throughout the product lifecycle, from early concept development, design validation and process development to trial production, mass production and after-sales services.

At the same time, Luxshare-ICT continues to advance smart manufacturing and digital operations. Through the application of digital systems, AI algorithms, machine vision, IoT-enabled data collection and standardized operating processes, the Company is improving production efficiency, quality consistency and cross-region replication capabilities. These capabilities are particularly important as customers require faster product iteration, more flexible capacity deployment and more resilient global supply chains.

Disciplined Investment for Future Growth

In 2025, Luxshare-ICT continued to make forward-looking investments in areas such as edge AI devices, AI data centers, automotive electronics, advanced manufacturing equipment and global infrastructure. Management noted that a significant portion of the Company’s R&D investment is directed toward technologies and products expected to support future business opportunities, particularly in communications and data centers.  

The Company also emphasized that its capital expenditure cycle has passed a stage of peak demand. Prior investments in overseas facilities, infrastructure and capacity construction are expected to support multi-scenario reuse across consumer electronics, AI computing and automotive businesses, improving long-term asset utilization efficiency.  

Looking Ahead

Looking forward, Luxshare-ICT will continue to focus on its core strategy of technology leadership, vertical integration, smart manufacturing and global delivery. The Company will further strengthen its presence in consumer electronics, communications and data centers, and automotive electronics, while continuing to support global customers in product innovation and supply chain optimization.

As artificial intelligence, electrification, intelligent mobility and supply chain regionalization reshape the global technology and manufacturing landscape, Luxshare-ICT believes that its diversified business portfolio, global manufacturing network and system-level engineering capabilities position the Company to capture long-term growth opportunities and create sustainable value for customers, partners and shareholders.

 

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Yon Raz-Fridman Joins Intrinsic Labs as Co-Founder and Partner

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Most AI companies are selling software. Intrinsic is deploying AI workers into the core operations of mid-market companies – and just brought in a serial tech entrepreneur to help the firm scale across the Heartland.

COLUMBUS, Ohio, April 30, 2026 /PRNewswire/ — Intrinsic Labs today announced that Yon Raz-Fridman has joined the firm as a Co-Founder and Partner.

Raz-Fridman has spent nearly two decades building across software, hardware, and platform businesses. Early in his career, he served as Chief of Staff to the President of Keter Group, a $1 billion-plus global consumer products manufacturer. He went on to co-found Kano, the award-winning educational computing company, and later founded Supersocial, the immersive gaming studio acquired by Super League Enterprises in 2025. He is a member of the World Economic Forum’s Technology Convergence Council.

He joins Intrinsic at a moment when mid-market companies are moving from AI experimentation to deployment. Intrinsic works with operators in logistics, construction, insurance, manufacturing, and industrial markets to deploy AI workers into the workflows that run the business – increasing throughput, reducing manual work, and expanding capacity without adding headcount.

The firm has built its reputation on practical deployments tied to real operating metrics. In one engagement with a national real estate brokerage, Intrinsic’s AI Accounting Agents reached 97% invoice coding accuracy, automated 90% of the AP workflow, and fully removed FTEs from the review flow.

“Yon understands what it takes to build and scale in the real world,” said Jon Slemp, Managing Partner at Intrinsic Labs. “Our clients aren’t buying flashy agents, they’re buying outcomes and reliable labor. They need agentic systems that take work off their teams, perform reliably, and produce measurable gains in throughput and capacity. That’s what we build.”

As Co-Founder, Raz-Fridman will oversee Intrinsic’s expansion – designing the channel relationships, institutional partnerships, and market positioning that take the firm from a proven Ohio model to the defining AI workforce platform for America’s industrial middle market.

“The companies that win over the next decade will be the ones that figure out how to staff AI into their operations and manage it like a workforce. Intrinsic is doing that work now, inside real businesses, tied to real outputs. The Heartland is exactly the right place to prove this model, and Intrinsic is exactly the right team to do it.” — Yon Raz-Fridman

About Intrinsic Labs LLC
Intrinsic Labs helps mid-market companies deploy AI workers into the workflows that run their business. The firm focuses on logistics, construction, insurance, manufacturing, and industrial markets, where manual work, fragmented systems, and labor constraints create clear opportunities for leverage. Intrinsic works with clients to put AI workers into production, tie them to operating KPIs, and help teams scale output without scaling headcount. https://www.intrinsic-labs.ai/  

About Team Yon LLC
Team Yon LLC is a management company founded by Yon Raz-Fridman that incubates new ventures, provides executive leadership, and makes strategic investments at the intersection of emerging technology and human advancement. Through Team Yon LLC, Raz-Fridman partners with founders and operators across healthcare, AI, and frontier technology – including his role as co-founder and Partner at Intrinsic Labs. https://teamyon.org

Media Contact:hello@intrinsic-labs.ai

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Wipfli to complete CompliancePoint transaction and add associates, expanding capabilities

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MILWAUKEE, April 30, 2026 /PRNewswire/ — Wipfli, a top 25 national advisory and accounting firm, announced today it has entered into an agreement with CompliancePoint Inc., a provider of risk management services focused on information security, data privacy and regulatory compliance. 2 partners and 52 associates will join the firm as a result of the transaction.

Based in Duluth, Georgia, CompliancePoint brings specialization across cybersecurity, privacy and compliance, serving clients across a wide variety of industries. The addition strengthens Wipfli’s risk management offerings and expands its ability to help organizations navigate regulatory scrutiny, evolving cybersecurity threats and complex data protection requirements.

“Organizations today are under more pressure than ever to protect sensitive information and operate responsibly in an evolving regulatory environment,” said Kurt Gresens, CEO at Wipfli Advisory, LLC. “The team at CompliancePoint brings specialized experience and a strong, people-first approach that enhances how we support clients navigating today’s risk landscape.”

CompliancePoint has built its reputation on helping organizations manage risk across the full data lifecycle, with a holistic approach that recognizes how privacy, security and compliance intersect. The combined professional teams from CompliancePoint and Wipfli will deliver expanded, integrated advisory solutions designed to help clients proactively manage risk while supporting long-term growth and operational resilience.

“Wipfli shares our commitment to practical, client-focused solutions and long-term relationships,” said Greg Sparrow, CompliancePoint president. “Together, we’re expanding the resources available to our clients while continuing to deliver the specialized experience and trusted relationships they rely on.”

The addition of the CompliancePoint team also supports Wipfli’s continued investment in talent and innovation. CompliancePoint associates will join a national firm that emphasizes collaboration, professional development and meaningful client impact, while maintaining the specialized focus that has defined their work.

The transaction is expected to become effective on May 1st, 2026

About Wipfli

Wipfli is a leading national advisory and accounting firm with nearly 100 years of experience serving ambitious middle-market organizations. We understand our clients’ unique challenges and help them succeed on their terms through assurance, tax, advisory, outsourcing and technology services. With 3,000+ associates and global alliances, we combine national capabilities with local relationships. Wipfli operates under an alternative practice structure: Wipfli LLP, a licensed CPA firm, provides attest services, while Wipfli Advisory LLC, a non-CPA firm, delivers business advisory and non-attest services. Learn more at wipfli.com or contact Alicia O’Connell at alicia.oconnell@wipfli.com.

Media Contact

Alicia O’Connell
Wipfli
alicia.oconnell@wipfli.com

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Ginkgo Bioworks Announces Date of First Quarter 2026 Results Presentation

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Presentation and Q&A session scheduled for post-market on Thursday, May 7, 2026

BOSTON, April 30, 2026 /PRNewswire/ — Ginkgo Bioworks Holdings, Inc. (NYSE: DNA, “Ginkgo”) today announced that it plans to host a presentation and Q&A session reviewing business performance for the first quarter ended March 31, 2026, on Thursday, May 7, 2026, beginning at 4:30 p.m. ET.

The presentation details and webcast link will be available on Ginkgo’s investor relations website at https://investors.ginkgobioworks.com, and a replay will be made available.

To ask a question ahead of the presentation, please submit them to @Ginkgo on X (hashtag #GinkgoResults) or by sending an e-mail to investors@ginkgobioworks.com.

About Ginkgo Bioworks
Ginkgo Bioworks builds the tools that make biology easier to engineer for everyone. The company offers autonomous laboratories that replace manual laboratory work with robotics in the lab, greatly improving the productivity of scientists. Ginkgo’s in-house autonomous lab is also available as a “cloud lab” through our Datapoints and Solutions contract research services. For more information, visit ginkgobioworks.com and ginkgobiosecurity.com, read our blog, or follow us on social media channels such as X (@Ginkgo and @Ginkgo_Biosec), Instagram (@GinkgoBioworks), Threads (@GinkgoBioworks), or LinkedIn.

Ginkgo Bioworks Contacts:

INVESTOR CONTACT:

investors@ginkgobioworks.com 

MEDIA CONTACT:

press@ginkgobioworks.com

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