AAC Technologies Reports Record Third Quarter and Nine-Month 2015 Results

Nov 12, 2015 14:30 JST

Source: AAC Technologies Holdings Inc.

Q3 EPS Grows 33% Sequentially and 55% Year-on-Year;
Strong Growth in Non-Acoustic Business, Contributes 40% of Revenue

HONG KONG, Nov 12, 2015 - (ACN Newswire) - AAC Technologies Holdings Inc. ("AAC Technologies" or "the Company"; HKEx: 02018), a world-leading miniature technologies solution provider, has today announced its unaudited results for the nine months ended 30 September 2015.

The Company achieved another quarter of record financial results, reinforcing its business strategy to invest in R&D, expand its product portfolio and focus on technology innovation, while maintaining tight cost controls. During this quarter, the Company's revenue increased by 33% sequentially and 54% year-on-year to RMB3,184 million, generating a gross profit of RMB1,324 million at a gross margin of 41.6%. Product upgrades and new solutions contributed to the growth of the non-acoustic segment, with revenue doubling quarter-on-quarter and rising 1.5 times year-on-year. Non-acoustic accounted for 40% of total revenue. Geographically, revenue from PRC customers contributed more than 30% and was up 14% and 76% quarter-on-quarter and year-on-year respectively.

By increasing the dollar value of all solutions within each device, the Company delivered a solid performance in the first nine months of 2015. Revenue and gross profit increased to RMB 7,891 million and RMB 3,278 million, representing year-on-year growth of 37% and 36% respectively. Gross profit margin remained stable at 41.5%. Haptics and RF Mechanical sales combined increased by 3.5 times, accounting for 35% of revenue. Net profit grew 37% year-on-year to RMB 2,096 million.

Mr. Benjamin Pan, Chief Executive Officer of AAC Technologies, said, "We are well-positioned to capture the promising market opportunities ahead of us in both acoustic and non-acoustic segments. We expect to drive more technology upgrades in the acoustic segment to reinforce our competitiveness and strengthen our position in the coming years. We believe our innovative and cross-platform integrated solutions will enable us to further penetrate the industry and sustain long-term growth. Our focus on R&D should further boost our design and production capabilities across all business lines, which help AAC maintain its leading position in miniaturization technologies."

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
Antonio Yu      Tel: 852 2114 4319  Email: antonio.yu@sprg.com.hk
Fax: 852 2527 1196

Source: AAC Technologies Holdings Inc.
Sectors: Electronics, Daily Finance, Daily News