On September 7, LUXSHARE ICT rose 3.31% in regular trading, trading at HK$61.0/share, with turnover of HK$44.63 million, rebounding after consecutive pullbacks in its A-share listing.

On the news front, Goldman Sachs recently re-initiated coverage on LUXSHARE ICT's A-shares and initiated first-time coverage on its H-shares, assigning a Buy rating to both. The H-share 12-month target price was set at HK$93.2, implying significant upside from current levels. Goldman Sachs projects a revenue compound annual growth rate of approximately 24%, driven primarily by AI data center infrastructure and automotive electronics.

Additionally, the company disclosed Q3 earnings guidance forecasting net profit attributable to shareholders of RMB 13.25 billion to RMB 14.4 billion for the first three quarters, representing 15% to 25% year-over-year growth. The company cited accelerating AI infrastructure buildout as providing sustained growth momentum. For context, first-half revenue reached RMB 174.5 billion, up 40.16% year-over-year, with net profit of RMB 7.84 billion, up 18.04%. The company has also cumulatively repurchased approximately RMB 1 billion worth of A-shares as of August 31.

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