AAC Technologies reports strong first-half 2025 revenue and profit growth

AAC Technologies Holdings Inc. reported an 18.4% year-on-year increase in revenue to RMB13.32 billion for the first half of 2025. This growth was primarily fueled by market share gains in core products, with profit attributable to owners of the company rising by 63.1% to RMB876 million. Gross profit margin for the period stood at 20.7%, while net profit margin improved to 6.6%. The company maintained a strong financial position, with operating cash inflow reaching RMB2.89 billion.

The Optics business showed notable improvement, with its gross profit margin expanding by 5.5 percentage points year-on-year to 10.2%, attributed to a premiumization strategy and lean operations. The Sensor and Semiconductor (SSE) business also saw substantial growth, with revenue up 56.2% year-on-year to RMB608 million. In the first half of 2025, the group's CAPEX increased by 57.5% to RMB1.44 billion, supporting long-term growth and innovation initiatives.

The company's net gearing ratio was 4.7% as of June 30, 2025, with cash on book (including short-term fixed deposits) of RMB7.75 billion. Total assets of the group increased to RMB47.03 billion as of June 30, 2025, up from RMB44.07 billion at the end of 2024.