LUXSHARE ICT

Luxshare Precision (2475.HK) debuted on the Hong Kong Stock Exchange today with a sharp decline, closing at HK$60.20, down 4.9% from its IPO price of HK$63.28. Trading volume was only 1.58 million shares in the morning session, with turnover of approximately HK$97 million. The company priced its IPO at the top of the range, raising HK$24.3 billion, making it the largest HK listing in 2026, yet the public offering was only 2.78 times oversubscribed with a 100% allotment success rate, indicating subdued retail demand. Financially, Q1 2026 revenue surged 43.73% YoY to HK$95.1 billion, net profit rose 27.29% YoY to HK$4.15 billion, and EPS reached HK$0.5555, underpinning solid growth. However, the current price of HK$60.20 is 4.8% below the 52-week high of HK$63.25 and also below the 20-day moving average of HK$61.25, underscoring a weak debut.