Summary by Moomoo AI
AAC TECH achieved outstanding performance in 2024, with annual revenue increasing by 33.8% year-on-year to RMB 27.33 billion, setting a historical high. Net profit surged by 142.7% year-on-year to RMB 1.8 billion, with basic earnings per share of RMB 1.53. The gross margin improved by 5.2 percentage points year-on-year to 22.1%, mainly benefiting from product structure optimization and enhanced operation efficiency. The Board of Directors recommended a final dividend of HKD 0.24 per share.The group's various business sectors performed strongly, with acoustic business revenue increasing by 9.5% year-on-year to RMB 8.21 billion and gross margin rising to 30.2%; optical business revenue soared by 37.9% to RMB 5 billion, with significant improvement in gross margin; electromagnetics and precision structural components revenue grew by 17.8% to RMB...Show More
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