Luxshare Precision Industry, a key player in Apple’s AirPods and iPhone supply chains, passed a listing hearing for the Hong Kong Stock Exchange (HKEX), joining a wave of mainland Chinese technology manufacturing giants seeking diversified capital in the city.

The Shenzhen-listed firm cleared the regulatory hurdle for a Hong Kong listing on Tuesday, days after receiving a greenlight from the China Securities Regulatory Commission for the offshore plan.

The deal counts Citic Securities, Goldman Sachs and China International Capital Corporation as sponsors, according to a company filing to HKEX.

Based in Shenzhen, Luxshare was set up as a cable connector business in 2004, and expanded to become a prominent player in the Apple supply chain in China. Luxshare is a precision component supplier and assembler of Apple products, including AirPods, the iPhone and its mixed-reality headset Vision Pro.

Luxshare has also been actively diversifying beyond consumer electronics to new growth areas including automotive, data centres and robotics.

The company’s revenue reached 332 billion yuan (US$48.82 billion) in 2025, a 24 per cent jump compared to the previous year. While consumer electronics remains its key business, comprising nearly 80 per cent of its total revenue last year, the company has seen sales from its automotive segment nearly triple year on year to account for 12 per cent of its revenue.

Net profit surged 24 per cent to 16.6 billion yuan in 2025, according to its prospectus.