AAC Technologies Strong 2015 Interim Results, Revenue and Net Profit Grow by 27% YoY

Aug 24, 2015 18:00 JST

Source: AAC Technologies Holdings Inc.

Non-Acoustic Segments Contribute RMB1.5 Billion, More Than 30% of Sales

HONG KONG, Aug 24, 2015 - (ACN Newswire) - AAC Technologies Holdings Inc. ("AAC Technologies" or "the Company"; HKEx: 02018), a world-leading miniature technologies solution provider, today announced its unaudited interim results for the six months ended 30 June 2015.

The Company marked the first half of 2015 with a continuing solid operating performance. The Company posted a first-half revenue and net profit of RMB 4,707 million and RMB 1,246 million respectively, both representing a rise of 27% year-on-year while gross profit margin improved to 41.5%. The growth of profitability was driven by the non-acoustic business where the Company has made strategic investments in technology, product offerings and people. The non-acoustic business increased 12 times year-on-year to RMB1,481 million, continuing to contribute more than 30% of the total sales, and affirming growing customer demand for Haptics and RF Mechanical solutions.

The Board has declared an interim dividend of HK$0.25 per ordinary share to maintain a consistent interim payout amount. The ex-dividend date will be 10 September 2015 and the dividends are to be paid on or around 29 September 2015 to shareholders of record on 18 September 2015. As always, the Company has prudently managed its financial position, ending the first six months in 2015 with net cash at RMB 111 million before dividends.

On a quarter-on-quarter basis, the Company attained a growth in revenue and net profit of 4% and 5.5%, reaching RMB 2,402 million and RMB 639 million respectively, attributable to the growth of acoustic business after the traditional slow first quarter and the debut of RF metal casing solutions. Gross profit margin remained stable at 41.5% and effective control on operating expenses supported net profit margin improvement to 26.6%.

Mr. Benjamin Pan, Chief Executive Officer of AAC Technologies, said, "Building technology platforms for miniaturized solutions to deliver long-term profitable growth has always been the paramount strategy of the Company which enables us to extend our reach to different applications, featured in all different mobile devices. We are well-prepared for growth with a clear solutions roadmap and will stay focused on technology development to support mobile devices makers in order to improve and create new user experiences. We expect more new products to be launched in the second half of 2015 which will add growth momentum to both the acoustic and non-acoustic segments."

Contact:

AAC Technologies Holdings Inc.
Connie Chin
Head of Investor Relations
Tel: 852 3470 0079
Email: ConnieChin@aactechnologies.com

Ricky Man
Investor Relations Manager
Tel: 852 3470 0076
Email: RickyMan@aactechnologies.com

For press enquiries:
Strategic Financial Relations Limited
Vicky Lee      Tel: 852 2864 4834  Email: vicky.lee@sprg.com.hk
Cecilia Shum   Tel: 852 2864 4890  Email: cecilia.shum@sprg.com.hk
Winkie Wong    Tel: 852 2114 4319  Email: winkle.wong@sprg.com.hk
Fax: 852 2527 1196

Source: AAC Technologies Holdings Inc.
Sectors: Daily Finance