On April 26th, Luxshare Precision released its 2023 annual report. The company achieved a revenue of 231.905 billion yuan in 2023, an increase of 8.35% compared to 2022. The net profit attributable to shareholders of the listed company was 10.953 billion yuan, representing a growth of 19.53% compared to 2022.
During the reporting period, Luxshare Precision primarily focused on the research and development, manufacturing, and sales of products serving various sectors such as consumer electronics, telecommunications and data centers, automotive electronics, and medical fields. The company's product and business layout demonstrated diversification and vertical integration, comprehensively covering components, modules, and system assembly.
The application scenarios of consumer electronics products are as follows:
The report indicates that, from the perspective of industry development cycles, the prosperity cycles of consumer electronics are mainly driven by new demand sparked by technological advancements.
In the future, whether it's smartphones, smart wearables, smart homes, or virtual reality, the company will continue to deepen its vertical integration capabilities from core components and modules to complete system assembly. It will optimize the development capabilities of the company's underlying technologies and processes. Leveraging years of accumulated manufacturing experience and market influence in the consumer electronics industry, coupled with the extension into various niche areas through "AI+" integration, the company aims to continuously empower and differentiate its products. This effort will lead to the creation of richer ecosystem combinations for specific scenarios.
The original article was first published on the WeChat official account (Aibang VR Industry News)：Luxshare Precision has released its 2023 annual report, with multiple AR/VR products currently undergoing trial production/mass production.
English 
Chinese