LUXSHARE-ICT's family subsidiary, Lijing Innovation Technology, applies for listing in Hong Kong

One of Apple's supply chain giants, LUXSHARE-ICT (002475.SZ), submitted a listing application to the Hong Kong Stock Exchange in August this year, reportedly raising over $1 billion. Similarly, Lijung Innovation Technology, also chaired by LUXSHARE-ICT founder Wang Laichun, has recently submitted a listing application in Hong Kong, with CITIC Securities and China International Capital Corporation serving as joint sponsors.

Lijung Innovation Technology is a provider of precision optical solutions, with products primarily applied in global consumer electronics, automotive electronics, smart office applications, as well as emerging fields such as intelligent robots, XR smart terminals, and smart glasses, serving over 320 global customers. According to market research data, based on 2024 revenue, the company ranks second among global manufacturers in the consumer electronics camera module sector and is the first among Chinese manufacturers.

As of the end of June this year, Lijung Innovation Technology's revenue reached RMB 14.186 billion, a year-on-year increase of 53.4%, while profits more than doubled to RMB 554 million during the period. Lijung Innovation Technology is currently 48.06% owned by Lijung Limited (Hong Kong), a company under the Wang family. Other investors include China Mobile Fund, Wuxi Guoshou, Sequoia Capital, and CITIC Securities Investment