skyrocketed by 100 billion, Chaoshan Iron Lady "won the battle to turn over."

The rise of the "dark horse" of the electronics industry

Introduction: No one would have expected that Lixun Precision, which had been neglected for a long time, would become a big dark horse that was frantically increased by public funds in the second quarter. This little-known "foundry", by keeping up with Apple's pace, has gradually transformed into an industry leader, which makes people shout "unexpected".

From Foxconn's working girl to the "Iron Lady" of consumer electronics

Everyone's positioning of Lixun Precision often simply boils down to the mainland version of Foxconn. In fact, the growth trajectory of founder Wang Laichun is quite similar. In 1988, at the age of 17, Wang Laichun became one of Foxconn's first employees in Shenzhen. She worked there for more than 10 years. It wasn't until 2004 that she and her brother Wang Laisheng decided to found Luxshare Precision by themselves, planning to do OEM for Foxconn.

In the following ten years, Wang Laichun has controlled Lixun Precision, and gradually climbed to the top of the consumer electronics industry chain through continuous mergers and acquisitions. She learned from Foxconn's M&A experience, continued to extend along the industrial chain, and finally successfully won a number of core orders from Apple, becoming Apple's largest headphone and watch foundry, and the second largest mobile phone foundry.

It can be said that Wang Laichun has grown from an ordinary working girl to an "iron lady in the electronics industry" by virtue of the accurate replication of the Foxconn model. She not only worked hard to create a 100-billion-level enterprise, but also successfully realized the gorgeous turn from "foundry" to "upper" in the industrial chain.

Keep up with Apple and win the favor of the market

At present, the consumer electronics industry as a whole is still in the doldrums, but Lixun Precision can still maintain good performance growth. This is largely due to its strong ties with Apple.

Since getting rid of Foxconn in 2010, Luxshare has begun to "hug" Apple's "thigh" with all its might. Whether it is the acquisition of Apple suppliers or the continuous expansion of product lines in the Apple industry chain, Luxshare is sparing no effort to consolidate and expand its position in the Apple supply chain.

And it worked. With the recovery of Apple's performance, the share price of Lixun Precision has also begun to come out of the haze, and it rose by 34% in the second quarter, becoming the "new favorite" favored by institutions. This makes people sigh that it turns out that "keeping up with the big guys" can also achieve a career.

However, there are risks associated with over-reliance on Apple as a "financier". After all, once Apple's big order is lost, Luxshare Precision's performance support ability will also be greatly reduced. Therefore, in the future, how to further expand other business areas and get rid of over-dependence while maintaining Apple's business advantages will be a key issue that Luxshare needs to think about.

Get out of the "fruit chain" dependence

In fact, Luxshare Precision has long been aware of this problem. In 2021, Wang Laichun put forward three five-year plans to develop consumer electronics, automotive, communications, industrial, medical and other businesses in an all-round way, and aim at the world's top ten goals in the automotive business field.

In 2022, Luxshare will place a large order of 10 billion yuan on Chery and officially enter the new energy vehicle track. In this way, it is not only deeply engaged in the consumer electronics business, but also continues to explore emerging industries, trying to break the situation and get rid of its dependence on Apple.

It can be said that Wang Laichun is becoming the "iron lady of the electronics industry", paving the way for the future of Luxshare Precision. On the one hand, it firmly grasps Apple, the "gold owner", and on the other hand, it strides into a new track, which is undoubtedly a very wise choice.

In general, the current Lixun Precision can be described as a positive momentum of development. Whether it is continuing to attack the city in the field of consumer electronics, or making bold moves in emerging industries, this once despised "foundry" is gradually transforming into an industry giant.

It is believed that in the near future, Lixun Precision will be able to dominate the situation and become a real "electronic Mao". Its rise will also inject new vitality into China's manufacturing industry.

Write your own growth history

Not long ago, Lixun Precision was just an obscure foundry company, and now it has become a 100 billion yuan electronic giant. From an ordinary working girl to an "iron lady" in the industry, Wang Laichun's turn is really amazing.

As a post-90s female entrepreneur, it is really commendable that she has achieved such brilliant achievements against the trend with her own wisdom and resilience. From the initial part-time job at Foxconn, to the later self-employment, and finally to becoming an industry giant, Wang Laichun's career resume is undoubtedly a "legend".

Especially in the context of the continued downturn in the consumer electronics industry, Lixun Precision can still maintain a good growth trend, which makes people respect Wang Laichun's business acumen. She is not only good at grasping market opportunities and keeping up with the pace of industry giants, but also finding new growth points and opening up new tracks for enterprises.

For example, while consolidating the advantages of cooperation with Apple, she has also made bold layouts in the field of new energy vehicles, which is really commendable. Moreover, in the implementation of these strategic layouts, she has never forgotten the origin of the enterprise, always insisted on doing her main business, and constantly consolidated and improved her dominant position in the field of foundry.

It is precisely with such a macro strategic vision and agile execution that Wang Laichun was able to lead Luxshare Precision to break out of the cocoon and grow into a leading enterprise in the current consumer electronics industry. Her entrepreneurial journey has undoubtedly provided valuable inspiration and inspiration for many young people.

Whether as a woman or as an entrepreneur from an ordinary migrant worker, Wang Laichun has interpreted the true meaning of "counterattack" with his own practical actions. Her story proves once again that with courage, wisdom and determination, anyone can realize their entrepreneurial dreams and write their own legend in the workplace.

The rise of this "iron lady of the electronics industry" has undoubtedly injected new vitality into the entire industry. I believe that in the near future, she will continue to lead Luxshare Precision to hit a higher goal and become a real "electronic Mao". In this regard, the author sincerely applauds!

【Disclaimer】The process and pictures described in the article are all from the Internet, and this article aims to advocate positive social energy and no vulgar and other bad guidance. If it involves copyright or character infringement issues, please contact us in time, and we will delete the content as soon as possible! If there is any doubt about the incident, it will be deleted or changed immediately after contact.