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AAC Technologies (2018) investor relations material
AAC Technologies H1 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for 1H 2025 reached RMB13.32 billion, up 18.4% year-over-year, with net profit rising 63.1% to RMB876 million and basic EPS up 65.2% to RMB0.76.
Growth was driven by strong performance in optics, precision mechanics, automotive, and sensor/semiconductor segments, with notable breakthroughs in product innovation and vertical integration.
EBITDA for the 12 months ended 30 June 2025 increased 25.9% to RMB5.91 billion.
Operating cash inflow was RMB2.89 billion, up 9.1% year-over-year; free cash flow reached RMB1.86 billion.
The company is capitalizing on AI, automotive, and heat dissipation opportunities for future growth.
Financial highlights
Gross profit increased 13.9% year-over-year to RMB2.75 billion; gross margin was 20.7%, down 0.8 percentage points due to product mix.
Net gearing ratio stood at 4.7%; cash and short-term deposits totaled RMB7.75 billion.
CapEx increased 57.5% to RMB1.44 billion, supporting expansion in optics, automotive, and heat dissipation.
Basic and diluted EPS for 1H 2025 were RMB0.76, up from RMB0.46 in 1H 2024.
Free cash flow remained strong at RMB1.86 billion.
Outlook and guidance
Management expects H2 revenue growth to remain at or above 18.4%, with gross margin in acoustics and other key segments expected to improve as new products ramp up.
Acoustics gross margin to stabilize above 30% for the full year; optics lens gross margin to exceed 30% for the year, modules at 4-6%.
MEMS revenue to grow 50-60% with gross margin increase of 15-20%.
Heat dissipation business to reach RMB1.2 billion in 2025, tripling last year's scale.
Focus remains on technological innovation, global expansion, and diversification into automotive, robotics, and smart wearables.
- TimeTickerHeadlineOpen
- VWS
Record revenue, improved margins, and robust order backlog set the stage for 2026 growth. - FABG
Rental income up, property values down, vacancy at 14%, strong liquidity and green focus. - WONDERLA
Q3 FY26 revenue grew, but profit fell due to labor code costs; Chennai park launched. - RBX
Record order book and strong infrastructure growth offset by profit declines and Australia losses. - FSKRS
EBIT fell on stable sales; restructuring and strong cash flow to support 2026 improvement. - DNO
Record production and revenues in 2025, but net profit stayed negative amid higher debt. - BHARTIHEXA
Q3 FY26 saw 4.8% revenue growth, 7.4% higher EBITDA, and net debt/EBITDAAL at 0.48x. - AAK
Profitability improved despite lower volumes; higher dividends and share buyback proposed. - MILDEF
Record growth and profitability in Q4 and 2025, driven by RODA and strong order intake. - 500570
JLR's cyber incident drove a 25.8% revenue drop, but domestic PV business surged 24% YoY.
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