Broad-based growth across consumer electronics, communications and data center, and automotive electronics, supported by targeted investment in AI infrastructure, intelligent vehicles and global delivery capacity

DONGGUAN, China, Aug. 27, 2026 /PRNewswire/ — Luxshare Precision Industry Co., Ltd. (“Luxshare Precision” or the “Company”) (SZSE: 002475; HKEX: 02475), a global provider of precision intelligent manufacturing solutions, today announced unaudited results for the six months ended June 30, 2026.

Revenue increased 40.2% year over year to RMB 174.50 billion, while net profit attributable to shareholders rose 18.0% to RMB 7.84 billion. Net profit attributable to shareholders excluding non-recurring gains and losses increased 6.5% to RMB 5.96 billion. Gross margin expanded by 17 basis points to 11.78%.

The margin improvement reflected operating leverage and a more diversified revenue mix, with faster growth in Communications and Data Center and Automotive Electronics, both of which carry gross margins above the Company average. Internal innovation, AI-enabled manufacturing efficiency and disciplined cost management also helped absorb pressure from foreign-exchange movements, higher input costs and investment in new businesses.

“Our first-half performance demonstrates the resilience of Luxshare Precision’s diversified portfolio and global operating platform,” said Wang Laichun, Chairwoman and General Manager of Luxshare Precision. “We are investing with discipline in areas supported by clear customer demand and defined technology roadmaps, particularly AI-enabled devices, AI infrastructure and intelligent vehicles. Our priorities remain execution, operating efficiency and sustainable value creation.”

Strategic Investment and Financial Discipline

Research and development investment increased 43.1% to RMB 6.57 billion, primarily reflecting higher spending on engineering talent, tooling, materials and certification. More than half of the Company’s R&D investment supported technology preparation for programs approaching commercialization.

Capital expenditures totaled RMB 10.27 billion, up RMB 742 million year over year, and were mainly directed toward overseas facility expansion, supporting infrastructure and new product lines. The Company prioritizes investments linked to customer programs, localized delivery and long-term manufacturing flexibility.

Inventory was RMB 50.37 billion at June 30, 2026, up 19.0% from year-end 2025, below the Company’s 40.2% revenue growth. The increase primarily reflected business expansion and strategic material preparation for selected products.

First-half operating cash flow was an outflow of RMB 2.45 billion, mainly due to seasonal supplier payments and more than RMB 5 billion of strategic inventory preparation. Operating cash flow turned positive in the second quarter, reaching RMB 4.62 billion.

Foreign-exchange volatility resulted in approximately RMB 1.99 billion of losses on foreign-currency-denominated monetary assets and liabilities. Foreign-exchange risk management activities generated approximately RMB 1.30 billion in related gains. Under applicable accounting treatment, these gains were recorded as non-recurring items, while the corresponding losses remained within both disclosed net profit measures.

Growth Across Three Core Businesses

Consumer Electronics revenue increased 19.3% to RMB 122.48 billion. Luxshare Precision continued to deepen core customer relationships and strengthen its ODM and end-to-end product development capabilities. By integrating expertise across acoustics, optics, electrical systems, thermal management, magnetics and precision structures, the Company is extending its participation from components and modules to product definition, system development and volume manufacturing. Priority areas include AI PCs, smart wearables, AI glasses and intelligent acoustic products.

Communications and Data Center revenue increased 49.7% to RMB 16.61 billion. The Company is building an integrated AI infrastructure portfolio spanning high-speed copper interconnects, optical interconnects, thermal management and power management. Operational progress included volume production of 800G optical products, batch shipments of 1.6T DAC, ACC and AEC products, continued customer introductions for liquid-cooling solutions, and scaled production of DC-DC server power modules. Luxshare Precision is also advancing 224G and 448G copper technologies and next-generation optical architectures.

Automotive Electronics revenue increased 274.1% to RMB 32.39 billion, supported by organic growth, customer program ramps and Leoni’s contribution. The Company continued to expand its portfolio across connectors, wiring harnesses, intelligent control systems, smart chassis technologies and powertrain solutions. High-speed connectors and rear-wheel steering products have entered mass production, while intelligent cockpit and advanced driver-assistance platforms are progressing across multiple vehicle programs. Leoni’s integration continued to outperform expectations, strengthening global customer access, engineering resources and localized delivery capabilities.

Global Platform and Outlook

Luxshare Precision operates across five continents, 29 countries and more than 100 production sites. This network supports localized delivery, customer collaboration and supply chain resilience. The Company’s vertically integrated platform spans precision components, functional modules and system-level products, supported by AI-enabled digital tools for quality management, predictive maintenance, production scheduling and standardized global execution.

For the remainder of 2026, Luxshare Precision will continue supporting consumer electronics product launches and ODM/JDM programs; accelerating commercialization across high-speed interconnects, optical products, liquid cooling and power management; and expanding automotive customer programs while capturing further benefits from the Leoni integration.

The Company will maintain disciplined capital allocation and continue investing in technology, manufacturing capacity and global delivery capabilities that support sustainable, high-quality growth.

About Luxshare Precision

Luxshare Precision Industry Co., Ltd. is a global provider of precision intelligent manufacturing solutions serving Consumer Electronics, Communications and Data Center, Automotive Electronics and other technology-driven industries. The Company supports customers from product definition and process development through new product introduction, volume manufacturing and global delivery.

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SOURCE Luxshare Precision Industry Co., Ltd.

Summary

Huawei Recognized as a Leader in Gartner® Magic Quadrant™ for Enterprise Storage Platforms, 2026. Huawei OceanStor Data Storage leverages a high-efficiency and unified AI data platform, excellent capacity density and energy efficiency, and future-proof data resilience to comprehensively meet the diverse needs of enterprise use cases.

SHENZHEN, China, Aug. 28, 2026 /PRNewswire/ — The tech analyst firm Gartner® has released the “Magic Quadrant for Enterprise Storage Platforms, 2026”. Huawei has earned a spot in the Leaders Quadrant, the only non–North American vendor to do so.

Huawei OceanStor Data Storage continues to advance technological innovation, leveraging a high-efficiency and unified AI data platform, excellent capacity density and energy efficiency, and future-proof data resilience to comprehensively meet the diverse needs of enterprise use cases.

Huawei Data Storage operates in more than 150 countries and regions. It serves a wide range of customers across Latin America, Europe, the Middle East, Africa, and the Asia-Pacific region, including those in the financial, telecommunications, manufacturing, healthcare, government, and public utilities sectors.

To learn more about Huawei storage products and solutions, visit https://e.huawei.com/en/products/storage

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SOURCE Huawei

Planned 1,200-mile route system will support long-haul connectivity, route diversity and high-capacity infrastructure across key Midwest markets

GLENDALE, Wis. and CEDAR RAPIDS, Iowa, Aug. 27, 2026 /PRNewswire/ — Midwest Fiber Networks (MWFN) and Midwest Fiberpath, LLC (Fiberpath), with its partner Hawkeye Land Co. (Hawkeye) today announced an agreement supporting the development and commercialization of approximately 1,200 miles of strategic fiber corridors connecting major Midwest markets, including Chicago, Omaha, Minneapolis and Kansas City.

Through this agreement, MWFN will serve as the key provider supporting the commercialization and delivery of connectivity services across Hawkeye’s right-of-way corridor. Planned service opportunities include conduit, dark fiber, and highly scalable lit services for carriers, hyperscalers, data centers, enterprises, utilities, private-sector organizations and public-sector organizations.

The corridor is designed to create a long-term regional infrastructure platform that provides customers with additional options for network capacity, geographic reach and route diversity across the Midwest.

“This agreement represents an important step in our continued growth across the Midwest,” said Nik Ivancevic, Managing Partner of MWFN. “By working with Fiberpath and Hawkeye in Hawkeye’s corridor, MWFN will be able to expand the connectivity options available to carriers, businesses and other network customers seeking scalable capacity and greater route diversity across key Midwest markets.” 

“Midwest Fiberpath was created to develop scalable long-haul infrastructure across strategic corridors throughout middle America,” said Ken Anderson, Managing Director of Fiberpath. “Our relationship with MWFN brings together regional market knowledge, operational experience and infrastructure expertise to help bring these routes to customers seeking flexible, high-capacity connectivity solutions.”

Rick Stickle, CEO of Hawkeye and Managing Director of Fiberpath noted, “With this partnership, we believe we have found the highest and best of Hawkeye Land Co.’s property rights.”

Construction is anticipated to begin in Spring 2027.

The project is already in advanced stages of engineering and materials procurement with scheduled shipments due before end of year 2026.

All three companies are aligned to establish the corridor as the foundation for long-term network expansion while helping address growing demand for resilient, high-capacity connectivity.

About Midwest Fiber Networks, LLC

Midwest Fiber Networks (MWFN) designs and delivers secure, high-speed fiber connectivity across the Midwest with a focus on reliability, redundancy, and customer satisfaction. With deep roots in telecommunications infrastructure and decades of experience, MWFN supports mission-critical operations for businesses, educational institutions, healthcare systems, and government entities. Through strategic partnerships and a rapidly growing footprint, MWFN is building the future of fiber—one mile at a time. For more information about Midwest Fiber Networks, visit midwestfibernetworks.com and follow MWFN on LinkedIn.

About Midwest FiberPath, LLC

Midwest FiberPath, LLC is a digital infrastructure company focused on developing scalable long-haul fiber corridor platforms across high-growth Midwest markets. The company is building a managed right-of-way system designed to support blank conduit, dense fiber deployments, route diversity, and long-term network expansion.

About Hawkeye Land Co.

Since 1985, Hawkeye Land Co., based in Cedar Rapids, Iowa, is the owner of the exclusive, perpetual right to grant easements along all former Rock Island Railroad corridors located in 106 Midwest counties in 4 key States. Those interests include the easement granting rights along the current rail corridors from Council Bluffs to Joliet and from Minneapolis to Kansas City. Hawkeye Land has managed these holdings, selling both crossing and longitudinal easements to utilities, municipalities and other applicants for over 40 years.

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SOURCE Midwest FiberPath