AAC Technologies's CFO Guo Dan: Expects 15% Growth in Revenue of Main Business while the Growth of the Group May Exceeds 30% After PSS Consolidation [Yahoo! Finance]
AAC TECHS HLDGS UNSP/ADR (AACAY)
NASDAQ:AMEX Investor Relations:
aactechnologies.com/investor-relations
Company Research
Source: Yahoo! Finance
According to the Interim Report, in the first half of 2024, AAC Technologies achieved a revenue of RMB 11.25 billion , hitting a new high since its listing, with a year-on-year revenue growth of 22.0% and a gross profit margin of 21.5%, up by 7.4 percentage points year-on-year. The net profit amounted to RMB 537 million , representing a significant increase of 257.3% year-on-year. Notably, PSS, which was announced to acquire last year, contributed a consolidated revenue of approximately RMB 1.5 billion in the first half of the year, with a gross profit margin of approximately 25.0%. During the interview, Ms. Guo Dan , the CFO of AAC Technologies stated that in the first half of 2024, all business segments of AAC Technologies made positive progress, significantly enhancing profitability and maintaining a continuous growth in gross profit margin. More importantly, the performance of the interim results indicated the potential growth value brought by the Company's strategic transforma
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