Home Blog Page 2

Luxshare Precision Reports Strong Revenue and Profit Growth in Q3 2025 Results

0

Source: Media Outreach

HONG KONG SAR – Media OutReach Newswire – 7 November 2025 – Luxshare Precision (002475.SZ) announced its Q3 2025 financial results on October 30. In the third quarter, the company achieved approximately RMB96.411 billion in revenue, reflecting a year-on-year growth of 31.03%. The net profit attributable to shareholders of the listed company reached RMB4.874 billion, marking a year-on-year increase of 32.49%. For the first three quarters of 2025, the company achieved approximately RMB220.915 billion in revenue, representing a year-on-year growth of 24.69%, and the net profit attributable to shareholders of the listed company reached RMB11.518 billion, up 26.92% year-on-year. Basic earnings per share stood at RMB1.59, increasing 26.19% compared to the same period last year.

According to the report, in the first three quarters of 2025, despite the complex and evolving global political and economic landscape and the ongoing restructuring of global supply chains, the company seized strategic opportunities and remained committed to executing its “Three Five-Year” strategic plan, achieving steady and high-quality growth. The company continued to strengthen its three core business segments—consumer electronics, communications and data centers, and automotive—driving coordinated development across these segments through a development strategy driven by “organic growth and external expansion” twin engines.

Sustained Growth Momentum in Consumer Electronics
Luxshare Precision continued to deliver solid performance in the consumer electronics segment, reflecting its strong technological capabilities. In September 2025, Apple unveiled the iPhone 17 series. According to Counterpoint Research, sales in the first 10 days after launch were 14% higher than those of the iPhone 16 series during the same period, with sales of the standard model in China nearly doubling. Luxshare Precision undertook full-series production of the iPhone 17, participating extensively from component manufacturing to final assembly, covering key modules such as wireless chargers, acoustic components, and linear motors—demonstrating its comprehensive vertical integration advantage. Guotai Haitong Securities noted that the strong market response to the iPhone 17, together with the anticipated launch of the foldable iPhone and potential AI functionality upgrades in iOS 26.4 in 2026, could accelerate replacement demand among existing users, further driving Apple’s overall shipment growth and enhancing Luxshare Precision’s profit flexibility.

At the same time, Luxshare Precision completed the acquisition of equity interests and assets from several subsidiaries under Wingtech Technology on July 2, expanding its ODM’s manufacturing capacity and customer base while creating synergies with its existing clients. According to Guosen Securities, non-recurring gains made a notable contribution to Luxshare Precision’s third-quarter results, with income of RMB 479 million arising from “the acquisition cost of subsidiaries being lower than the fair value of the identifiable net assets acquired” (including Leoni and Wingtech’s ODM/OEM assets), reflecting accounting gains generated through external expansion.

Amid the wave of AI-driven intelligent transformation, demand for smart devices such as AI smartphones, AI laptops, and AR/VR products has surged, driving the need for high-precision, miniaturized, and multi-functional integrated components. Leveraging its accumulated expertise in acoustics, optics, electronics, thermal management, radio frequency, and structural parts, together with its vertically integrated manufacturing capabilities, Luxshare Precision has become one of the few suppliers capable of providing comprehensive AI terminal solutions, injecting new momentum into the company’s sustained business growth.

Steady Momentum in AI and Automotive Businesses
The communications and data center segment benefited from the rapid global growth of generative AI applications, as AI servers and data center infrastructure construction continued to accelerate, driving increased demand for high-speed optoelectronic interconnects, thermal management, and power solutions. Luxshare Precision possesses vertically integrated capabilities in high-speed interconnect and optoelectronic technologies, with related products already adopted by multiple global cloud service providers and equipment manufacturers, supporting steady expansion of the segment’s business scale.

Leveraging its strengths in connector technology, Luxshare Precision has achieved full-chain integration for 224G electrical connections. At the China International Optoelectronic Exposition (CIOE) held in Shenzhen in September, the company showcased AI server application solutions including CPC (Co-Packaged Copper Interconnection), CPO (Co-Packaged Optics), and HVDC (High-Density Power), demonstrating further enhancement of its R&D and supply capabilities in AI cluster components. Meanwhile, the company has been actively expanding cooperation with global technology leaders such as NVIDIA and Meta, which is expected to become a new growth driver for its business performance.

In the automotive segment, as the penetration of smart cockpit and autonomous driving technologies continues to rise, the industry’s transformation toward electrification, connectivity, intelligence, and shared mobility has further deepened. Luxshare Precision is progressively expanding its product applications from traditional wiring harnesses and automotive connectors to smart cockpit systems, driver-assistance solutions, and powertrain components. Leveraging Leoni Group’s global production capacity and distribution network, the company is strengthening collaboration with international OEMs, driving steady growth in automotive component shipments and an increasing contribution from this segment to overall revenue.

Luxshare Precision is actively advancing its proposed listing in Hong Kong to further broaden its access to overseas capital markets. On August 18, 2025, Luxshare Precision officially submitted a listing application to the Hong Kong Stock Exchange. This application marks a substantial step forward in Luxshare Precision’s capital market operations and internationalization strategy, providing greater financial flexibility to support the sustained development of its core business segments in AI terminals, communications, and automotive.

Luxshare Precision expects its net profit attributable to shareholders of the listed company for the entire year of 2025 will reach between RMB 16.52 billion and RMB 17.19 billion, representing a year-on-year increase of 23.6% to 28.6%, with earnings per share estimated at RMB 2.28 to 2.37. The company continues to deepen its globalization strategy, leveraging its overseas bases as strategic hubs to flexibly respond to regional demand and deliver resilient, cost-efficient global manufacturing solutions. Having been listed among the Fortune Global 500 for three consecutive years, Luxshare Precision will continue to drive steady business growth through a development strategy driven by “organic growth and external expansion” twin engines. Looking ahead, as the company advances its Hong Kong listing process, it is expected to further broaden its global capital market presence, strengthen its international competitiveness, and create greater value for investors and partners.

Hashtag: #LuxsharePrecision

The issuer is solely responsible for the content of this announcement.

– Published and distributed with permission of Media-Outreach.com.

Mōkai Pātea settlement takes major step

0

Source: New Zealand Government

The Crown has today signed an agreement in principle to settle the historical Treaty claims of Mōkai Pātea, Treaty of Waitangi Negotiations Minister Paul Goldsmith says.

“This is a significant milestone in the settlement process for Mōkai Pātea, since they submitted their first claims over 30 years ago. Negotiations towards a comprehensive deed of settlement will follow shortly.

“The redress package aims to help Mōkai Pātea build a foundation for long-term economic and social development and to fulfil the aspirations of their people. 

“The agreement includes financial and commercial redress of $55 million, the return of 20 sites of cultural significance, and a range of other redress items. It outlines, in broad terms, the shape of a future settlement the detail of which is to be negotiated in the coming months. 

“The Crown acknowledges that as a result of its acts and omissions, the hapū and iwi of Mōkai Pātea are virtually landless with a very high proportion of the remaining land of Mōkai Pātea being landlocked and inaccessible. The sacrifices Mōkai Pātea have made have been for the nation’s benefit.”

Mōkai Pātea represents the confederated hapū and iwi of Ngāi Te Ohuake, Ngāti Hauiti, Ngāti Tamakōpiri and Ngāti Whitikaupeka. Mōkai Pātea’s area of interest extends from the south-eastern flanks of Mount Ruapehu towards the Ruahine Ranges and Marton.  

A copy of the agreement in principle is available on-line at: Te Tari Whakatau – Mōkai Pātea Nui Tonu. 

MIL OSI

Thieves get the message loud and clear

0

Source: New Zealand Police

Police hot on the heels of a group of alleged thieves caught up with them on the motorway this morning.

Just after 7am, Police received a report of a theft at a residential property in Mangawhai.

Waitematā North Area Commander, Inspector John Thornley, says the home owner contacted Police after disturbing the alleged thieves.

“The offenders were allegedly targeting tsunami alert speakers on the property, but were unsuccessful.

“Police were provided with descriptions of the alleged offenders, a vehicle registration and direction of travel.

“Enquiries revealed the vehicle had been reported as stolen.

“Within minutes officers, with the assistance of the Police Eagle helicopter and Delta Dog Unit, had located the vehicle travelling along the Northern Motorway near Puhoi and the vehicle was spiked.”

Inspector Thornley says the alleged offenders have exited at Puhoi and abandoned the vehicle before attempting to flee on foot through farmland.

“All three were swiftly taken into custody.

“Quick actions from the member of the public by providing details of the vehicle and the immediate response from Police staff flooding the area led to this great result.”

Three people, aged 16, 17 and 18, are facing charges of theft and unlawfully taking a vehicle.

If you see any unlawful or suspicious activity, please contact Police on 111 immediately.

To report after the fact or in non-emergencies please contact us online at 105.police.govt.nz or call 105.

ENDS.

Holly McKay/NZ Police

MIL OSI

Taranaki fishery officers catch gatherers with hundreds of pāua taken from closed areas

0

Source: NZ Ministry for Primary Industries

Taranaki fishery officers caught 3 pāua gatherers with 118 pāua on Wednesday night and another 3 gatherers last night with 338 pāua – all of it taken from a closed area.

All of these fishers are likely to be prosecuted before the court, says Fisheries New Zealand district manager, Aaron Mendoza.

“We received a call on our 0800 4 POACHER line last night, reporting suspicious activity, including the registration of a vehicle. Our fishery officers responded and with the back-up of New Zealand Police, these gatherers were stopped in their vehicle after taking the pāua from the Rahotu area which is within the closure zone.

“199 of these pāua were undersize. When people disregard the rules – they are stealing from everyone. This followed a catch the night before where 118 pāua were taken by 3 other people from the closed area near Ōpunake and 16 of these shellfish were undersize.”

The Western Taranaki closure area runs from Tapuae Stream, just south of New Plymouth, to Taungatara Stream, south of Ōpunake. The area is closed to taking all shellfish, including pāua. The closure is in place until December 2026. 

“The area is closed for a reason – to rebuild shellfish stocks to ensure sustainable fisheries into the future. When we find people breaking the rules, we take action.  

“We’d remind people that the minimum daily size for pāua in the Taranaki area is 85mm with a daily limit of 5 per gatherer. Our message is simple – help protect the fishery for everyone by knowing where you can fish and where you cannot,” says Fisheries New Zealand district manager, fisheries compliance, Aaron Mendoza. 

If you’re unsure of the fishing rules the best way to find out is to download the free NZ Fishing Rules App which you’ll have access to, even in areas where there’s no phone coverage. 

We encourage people to report any suspected illegal activity through the Ministry for Primary Industries’ 0800 4 POACHER line (0800 47 62 24).  

For further information and general enquiries, call MPI on 0800 008 333 or email info@mpi.govt.nz

For media enquiries, contact the media team on 029 894 0328. 

MIL OSI

Search warrant uncovers weapons stash

0

Source: New Zealand Police

Police have discovered a raft of weapons and drug paraphyllia following a search warrant at a Takapuna property yesterday.

Investigators looking into an incident involving threatening behaviour attended an address on Karaka Street yesterday to make an arrest.

Detective Senior Sergeant Mike Williams, Waitematā CIB, says upon arrival officers located a number of items of interest.

“During a search of the address Police located an antique pistol, BB gun, Class B controlled drug ketamine, scales, drug paraphernalia, a hunting knife, three other knives and a set of knuckle dusters.

“Police also located what appeared to be a small IED so staff and nearby residents were evacuated as a precaution.”

Detective Senior Sergeant Williams says it was a pleasing result.

“Taking weapons and drugs off our streets makes everyone safer.

“Our message is clear – drug dealing and being in possession of firearms and other dangerous weapons isn’t welcome here.”

A 20-year-old man will appear in North Shore District Court today charged with two counts of threatening to kill, possession of an offensive weapon, presenting an object like a firearm, unlawful possession of an explosive, and possession for supply (not cannabis).

Police have opposed the man’s bail.

ENDS.

Holly McKay/NZ Police

MIL OSI

New school lunch programme serves communities and taxpayers

0

Source: New Zealand Government

Associate Education Minister David Seymour has today announced that from Term 1 2026 the new school lunch programme will deliver affordable, nutritious lunches, on time to contributing primary schools every day. 

“As schools open in 2026, the programme will deliver nutritious meals to around 242,000 students, every school day,” Mr Seymour says.

“From term 1 2026 all contributing primary schools (years 0 – 6) will transition to the same cost-efficient model as other schools in the programme. This two-stage approach was agreed to by Cabinet in 2024.

“Suppliers were invited to apply for the Healthy School Lunches Request for Proposals in July. Today we have announced, ten suppliers (listed at the end of this release) were contracted to deliver lunches to 188 contributing primary schools.” 

Suppliers are contracted to deliver school lunches which cater to standard special diet lunches. They will use sustainable packaging and user-friendly ordering systems. Suppliers will distribute meals to their schools and manage surplus meals and waste.

“The regional approach was found to best meet the needs of contributing primary schools in New Zealand. For example, many small primary schools serve remote communities. Having multiple suppliers means the programme can deliver to these schools, while saving the taxpayer an expected $145 million in 2026,” Mr Seymour says. 

“The ten suppliers have been part of the programme for several years. They bring the experience, systems, and track records to deliver nutritious lunches that students enjoy every school day.

“For example, when floods close the roads Café Mahia still finds a way to deliver lunches to two isolated schools in Wairoa. They have the know how to deal will the unique asks of the region.  

“The weighted average meal cost across all suppliers is $3.46, which is based on the per meal cost of suppliers between $3 and $5 per lunch. Suppliers require different price points based on the unique parameters of their region as well as remote location and size of the schools included. 

“No increase to funding is required for this, it is funded by efficiencies made in the wider programme through more flexible ordering. This Government gave schools the ability to order to demand, so if parents can provide their children with lunch the school doesn’t need to order a taxpayer-funded one.

“Under the Labour-led government, lunches cost up to $8.68 per student. Through innovation and embracing commercial expertise, we’re delivering a better programme, saving taxpayers approximately $145 million per annum compared to how Labour funded it.

“Since the beginning of Term 1 2025, the Programme has delivered over 30 million nutritious meals, to 242,000 students, in over 1,000 schools. 

“The government is also providing food for up to 10,000 two-to-five-year-olds attending low-equity, community-based early learning services. This is funded by   savings found in the lunch programme. 

“Some suppliers in the existing programme will be affected, and I appreciate this will be tough. However, the emphasis of the programme is to ensure students get healthy meals at an affordable cost to the taxpayer.”

The new suppliers for contributing primary schools are listed below. More information on individual suppliers is available in the attached information sheet.

  • Appresso Pro Foods         
  • Montana Group      
  • Ka Pai Kai    
  • KDJ Catering
  • Cafe Mahia  
  • Star Fresh    
  • University of Canterbury Student Association (UCSA)          
  • Knuckles (The Food Company)   
  • The Y Gisborne
  • Pita Pit and Subway

MIL OSI

Good progress on Great Walks but avalanches persist

0

Source: NZ Department of Conservation

Date:  07 November 2025

Windfall clearance and track repair work is well underway on the Milford Track following the recent storm but the avalanche hazard is still too high to safely allow work at some bridge sites.

DOC Operations Director Southern South Island Aaron Fleming says until the avalanche risk has substantially decreased, the bridges can’t be reinstalled. 

“We have rangers from outside the region on the ground helping with the recovery.

“Safety is always our number one priority and right now the risk is too high. Staff are seeing daily avalanches in the upper Clinton, with heavy snow loads beginning to melt. As well as a risk to people, it wouldn’t make sense to install a bridge directly in the path of a predictable avalanche.”

Staff are still working towards a November 19 reopening for the Milford Track however will be in direct contact with booked hikers if further delays are expected. 

The alpine sections of the Kepler and Routeburn tracks remain closed until snow and avalanche conditions improve. The DOC website continues to be updated regularly as new information comes to light, and DOC will continue to notify people booked of any delays or closures, says Aaron.

“Anyone heading backcountry into alpine areas should be aware of the heightened avalanche risk following the late spring snowfall. It’s not just Great Walks impacted.

“It’s not the start of the summer hiking season we’d hoped for, but we are working hard to get things up and running for people to get back out naturing as soon as possible and we’d like to thank everyone for their patience and understanding.”

Contact

For media enquiries contact:

Email: media@doc.govt.nz

MIL OSI

Transporting New Zealand backs the introduction of average speed cameras

0

Source: Ia Ara Aotearoa Transporting New Zealand

Transporting New Zealand is welcoming news from the NZ Transport Agency that it will begin operating its first average speed camera in December, with another 16 sites to follow over the next year. The first site is located on Matakana Road in Warkworth, Auckland.
Average speed cameras (also known as point-to-point cameras) work by calculating a vehicle’s speed along the length of road between two cameras at either end. They measure the time a vehicle takes to travel between the two cameras and calculate the average speed. Drivers will only get a ticket in the mail if their average speed between the two cameras is over the posted speed limit.
The cameras can also distinguish between light and heavy vehicles, meaning that on 100km/h and 110km/h roads, trucks and buses will be measured against their maximum permitted limit of 90km/h.
“Average speed cameras are in operation in many other countries including Australia, and it makes sense that they be introduced here too as another tool to support speed compliance,” says Transporting New Zealand Policy & Advocacy Advisor Mark Stockdale.
“There’s also an element of fairness to average speed cameras, as drivers may inadvertently speed – such as when overtaking a truck – and could be caught by a single camera at that point. Whereas with average speed cameras, if they button off and moderate their speed over the rest of the road corridor, they should be within the average speed when you include slowing down for corners and not receive a ticket,” Stockdale says.
All of the sites destined for average speed cameras will have ‘average speed camera area’ signs posted before each camera to warn motorists to check their speed, while longer routes will have supplementary warning signs placed along the road corridor.
About Ia Ara Aotearoa Transporting New Zealand
Ia Ara Aotearoa Transporting New Zealand is the peak national membership association representing the road freight transport industry. Our members operate urban, rural and inter- regional commercial freight transport services throughout the country.
Road is the dominant freight mode in New Zealand, transporting 92.8% of the freight task on a tonnage basis, and 75.1% on a tonne-km basis. The road freight transport industry employs over 34,000 people across more than 4,700 businesses, with an annual turnover of $6 billion. 

MIL OSI

Exceptional Police work leads to two arrests

0

Source: New Zealand Police

Please attribute to Inspector Danny Kirk, Area Commander for Tairawhiti:

Exceptional work by Police staff has led to two Mongrel Mob members being charged after an incident in Wairoa yesterday afternoon.

Around midday, two Detectives were conducting enquiries at an address on Black Street which was subject to arson attack last week. While on the street, they were alerted to a vehicle of interest.

That same vehicle, then cut in front of a separate patrol unit who was in the area and then failed to stop for Police when signalled to do so.

Police followed the vehicle and saw it pull into an address on Jellicoe Street and all occupants of the vehicle fled on foot.

Police found a loaded rifle near the car and as such cordons were put in place. Our Gisborne Armed Offenders Squad, police dog unit and other officers quickly attended and four men were located and arrested.

All men were patched members or prospects of the Mongrel Mob.

A 24-year-old man has now been charged with unlawful possession of a firearm and failing to stop for Police.

A 19-year-old man has been charged with unlawful possession of a firearm.

Both are due in Gisborne District Court today.

Police are now awaiting forensic testing and further charges are likely.

ENDS

Issued by the Police Media Centre.

MIL OSI

Crash, Harbour Bridge Northbound

0

Source: New Zealand Police

Emergency services are in attendance at a crash on the Harbour Bridge this morning.

Police were called to the single vehicle crash at about 11.17am.

Northbound lanes two and three have been closed while crews respond.

One person has sustained minor injuries.

Motorists are being advised to expect delays.

ENDS.

Holly McKay/NZ Police

MIL OSI