Summary by Moomoo AI
In the first half of 2024, aac tech achieved a total revenue of RMB 11.25 billion, a year-on-year growth of 22.0%, with a gross margin of 21.5%, an increase of 7.4 percentage points year-on-year. This growth is mainly attributed to the revival of the mobile phone market, as well as product portfolio improvements in the acoustic, optical, and precision structural components business. During the period, the Group's net profit was RMB 0.537 billion, a significant increase of 257.3% year-on-year. Operating cash inflow was RMB 2.65 billion, an increase of 29.1% year-on-year, with capital expenditure of RMB 0.917 billion. As of June 30, 2024, the Group's net asset-liability ratio was 6.0%, with cash on hand of RMB 7.81 billion. The inventory turnover days improved...Show More