On September 22, LUXSHARE ICT rose 3.05% in regular trading, trading at HKD 60.8 per share, with turnover of approximately HKD 40 million.
The rally comes amid sustained market optimism surrounding the company's robust third-quarter earnings outlook. The company previously disclosed expected Q1-Q3 net profit of RMB 13.25 billion to RMB 14.40 billion, representing 15%-25% year-over-year growth. Based on this guidance, Q3 standalone net profit is projected at RMB 5.40 billion to RMB 6.56 billion, a significant 29%-57% sequential increase from Q2. Changjiang Securities maintained a \"Buy\" rating, citing ODM/JDM project ramp-ups and AI data center momentum.
Further supporting sentiment, the Apple iPhone 18 series launched earlier this month, with Citi expecting LUXSHARE ICT to secure over 30% of production allocation. Meanwhile, Mitsubishi UFJ Financial Group recently raised its stake to 5.16%, purchasing roughly 756,200 shares at approximately HKD 57 each, signaling institutional confidence. The company also reported positive progress in AI server components and optical interconnects, targeting over 50% domestic market share in supercluster cables and connectors.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)