As 2025 comes to a close, Luxshare Precision (002475.SZ) announced a large-scale stock repurchase plan worth between 1 billion and 2 billion yuan, with a repurchase price not exceeding 86.96 yuan per share, and the expected number of shares to be repurchased is between 11.4995 million and 22.9991 million shares. This repurchase is a response to a proposal by the company's actual controller, Wang Laichun, aiming to further demonstrate the management's firm confidence in long-term value and future development. The repurchased shares will be entirely used for equity incentives or employee stock ownership plans, strengthening the binding of the core team.

 Double Growth in Performance and Market Value, Strong Foundation for Repurchase

In 2025, Luxshare Precision delivered an impressive performance:

- The stock price increased by about 40% throughout the year, with a market value reaching 413.2 billion yuan by the end of the year;

- Net profit in the first three quarters grew by 26.92%, continuing its years of steady growth;

- For the first time, the company distributed cash dividends of 1.166 billion yuan in the third quarter, demonstrating strong cash flow and willingness to return value to shareholders;

- R&D investment in the first three quarters reached 8.17 billion yuan, growing by 16.76%, continuously solidifying its technological moat.

This repurchase is not the first. The company had already announced its first repurchase on the secondary market in April 2025, indicating that its judgment on being undervalued is gradually being validated by the market.

 AI Computing Becomes a New Growth Engine, "Xuanyuan Platform" Empowers Smart Manufacturing

While the traditional consumer electronics manufacturing base remains stable, Luxshare Precision is accelerating its transition toward AI hardware and smart manufacturing. In 2025, the company achieved key breakthroughs in the AI computing sector, successfully launching its independently developed "Xuanyuan Platform" - an industrial intelligent system integrating AI visual inspection, intelligent scheduling, and predictive maintenance, which has been widely applied in internal production lines, significantly improving production efficiency and yield.

The platform not only optimizes its own manufacturing system but is also expected to be externally offered as an industrial AI solution in the future, opening up a second growth curve.

 AIbase Observation: From "Apple Chain Leader" to "AI Manufacturing Pioneer"

The company's repurchase and R&D investment send clear signals: Luxshare Precision is transitioning from a global consumer electronics manufacturing giant to a high-end manufacturing and intelligent solution provider in the AI era. It continues to secure positions in key areas such as AI servers, optical modules, and high-speed connectors, while the implementation of self-developed technologies like the "Xuanyuan Platform" is upgrading its technical barriers from "precision manufacturing" to "smart manufacturing."

The combination of a 2 billion yuan repurchase, high dividends, and high R&D investment not only stabilizes investor confidence but also conveys a clear positioning to the market: Luxshare Precision is not just a manufacturer, but one of the core engines of China's smart manufacturing.

As demand for AI hardware surges in 2026, this low-key "Apple Chain Leader" may play a more important role in the global AI infrastructure wave than expected.