Hong Kong · Delayed Price · Currency is HKD AAC Technologies Holdings Earnings Call Transcripts
Fiscal Year 2026
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Net profit excluding fair value changes rose 37.4% year-over-year, with record revenue and strong growth in heat dissipation, robotics, and AI hardware. Gross margin improved to 28.6%, and new business lines are expected to drive double-digit growth and margin expansion.
Fiscal Year 2025
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Revenue grew 16.4% to RMB 30.82 billion in 2025, with net profit up 39.8% and strong cash flow. Growth was driven by Optics, EMD, and heat dissipation, while AI hardware and automotive acoustics offer future upside. Guidance points to continued double-digit growth in key segments.
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Revenue grew 18.4% YoY to RMB 13.32 billion in H1 2025, with net profit up 63.1% and strong gains in optics, automotive, and heat dissipation. Management expects continued double-digit growth and margin improvement in H2, supported by new product ramp-ups and expanding AI and automotive opportunities.
Fiscal Year 2024
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Revenue hit a record RMB 27.3B (+33.8% YoY) and net profit soared 142.7% to RMB 1.8B, driven by strong optics, precision mechanics, and automotive acoustics. 2025 guidance targets double-digit growth across all segments, with automotive acoustics set to rival consumer electronics.