According to Counterpoint Research’s latest Global Outsourced Smartwatch Manufacturing Tracker and Report, global outsourced smartwatch manufacturing shipments grew 15% year-over-year, accounting for 69% of total global shipments in the second half of 2022.

Lixin, Foxconn and Compal (COMPAL) are the top three outsourced manufacturers for the second half of 2022. These three companies are responsible for half of the global outsourced smartwatch shipments during this period.

In the secondary tier, Huaqin, LINWEAR, I DO and Yawell perform well in the smartwatch manufacturing business.

As the global smartwatch market continues to grow, ODM and EMS are beginning to play an increasingly important role in the smartwatch industry chain. The agency predicts that the outsourcing manufacturers’ share of shipments will rise from 68% in 2022 to about 70% in 2023.

The post Apple Watch production accounted for 40%, Luxshare became the largest smartwatch outsourcing manufacturer appeared first on TechGoing.

In the first three quarters of this year, Luxshare achieved an operating income of 145.252 billion yuan, a year-on-year increase of 79.30%, a net profit attributable to the parent of 6.4 billion yuan, a year-on-year increase of 36.48%, and a net profit of 5.979 billion yuan after deducting non-recurring gains and losses, a year-on-year increase of 49.68%. %.

Luxshare Precision said that in the third quarter of this year, the international political and economic pattern became increasingly complex, the global economic growth momentum weakened, the global epidemic continued, and the company’s comprehensive operating costs rose. The comprehensive performance of new and old products such as structural modules, system packaging, and optical display modules continues to be highly recognized by customers; after years of layout, the communication and automotive fields have gradually begun to exert their strength and occupy a good position, with strong growth momentum; the comprehensive advantages of precision intelligent manufacturing and digital intelligent platform are continuously reflected and exerted strong benefits.

The main reason for the change in performance was that during the forecast period, the international political and economic situation was complicated, geopolitical and global epidemic risks continued, and the company’s operations were still facing the impact of the external environment. In the face of various challenges, the company continues to improve its core technology and manufacturing strength, and continuously improve its own operation level. In the future, under the guidance of three important five-year strategies, relying on the further optimization of technologies such as precision intelligent manufacturing and digital intelligent platform, the company will deeply coordinate the development layout of the three-in-one field of consumer electronics, communications and automobiles, and continue to maintain integrity and innovation. Work hard to write a new chapter in the company’s development.

The post Luxshare Precision: Expected 2022 earnings will be 9.545 billion yuan to 9.899 billion yuan appeared first on TechGoing.