AAC Tech (02018.HK) achieved revenue of 3.66 billion yuan in the first half of the year in the electromagnetic drive and structural components business, with large-scale shipments of the innovative telescopic lens drive module.
On August 22, AAC Tech (2018.HK) released its mid-term performance report for 2024. The group's revenue in the first half of the year was 11.25 billion yuan, a year-on-year growth of 22.0%. The gross margin was 21.5%, an increase of 7.4 percentage points year-on-year. The net income was 0.537 billion yuan, a significant increase of 257.3% year-on-year. The profitability has significantly improved, and the gross margin of various business lines continues to increase. The revenue of the Electromagnetic Transmission and Precision Structural Components business merged division in the first half of 2024 was 3.66 billion yuan, a year-on-year growth of 1.1%. The gross margin was 22.9%, an increase of 3.6 percentage points year-on-year.
Hong Kong stock concept tracking | Fruit chain interim performance collectively improves iPhone16 high expectations may ignite a new market trend (with conceptual stocks)
With the weak recovery of the global consumer electronics market, the three giants of "Fruit Chain" - Luxshare Precision Industry (002475.SZ), Goertek Inc. (002241.SZ), and Lens Technology (300433.SZ) all achieved year-on-year growth in net income, with net income growth rate higher than revenue growth rate. The performance of Fruit Chain companies in the first half of the year in the Hong Kong stock market also saw significant improvement.
AAC Tech (02018) saw a nearly 100% year-on-year increase in revenue from its cooling business in the first half of 2024, and will seize new opportunities in the overseas market.
During the period, the revenue of the company's electromechanical transmission and precision structural component business merger division in the first half of the year was RMB 3.66 billion, a year-on-year increase of 1.1%. The gross margin of this merger division's revenue increased by 3.6 percentage points year-on-year to 22.9%.
AAC Tech (2018.HK) reported optical revenue of 2.21 billion yuan in the first half of 2024, a year-on-year increase of 24.9%, with a gross margin improvement of 21.7%.
On August 22, aac tech (2018.HK) released the 2024 interim performance report. The group's revenue in the first half of the year was 11.25 billion yuan, a year-on-year increase of 22.0%, with a gross margin of 21.5%, a year-on-year increase of 7.4 percentage points, and a net income of 0.537 billion yuan, a significant year-on-year increase of 257.3%. The profitability has been significantly enhanced, and the gross margins of various business lines continue to grow. Among them, the optical business had a revenue of 2.21 billion yuan in the first half of 2024, an increase of 24.9% year-on-year. The gross margin significantly increased by 21.7 percentage points compared to the same period last year, including a year-on-year gross margin increase for plastic lenses.
Some apple supplier shares have gained momentum in the afternoon, with Sunny Optical Technology (02382) up 4.75%. Apple is about to release new products, and the market is paying attention to Apple's asia vets.
Jingu Finance: Some apple supplier stocks have strengthened in the afternoon, with Sunny Optical Technology (02382) up 4.75%, Cowell (01415) up 2.26%, Q Tech (01478) up 1.65%, and AAC Tech (02018) following the rise. Market research institution IDC has raised its global smart phone shipment forecast in its latest report, expecting global shipments to reach 1.23 billion units in 2024, a year-on-year increase of 5.8%. Earlier, IDC's forecasted growth rate and shipments were 4% and 1.21 billion units, respectively. The key reason for the raised expectations is AI. IDC stated that with the increasing integration of AI into smart phone
Aac Tech (02018.HK) received a shareholding of 2.6152 million shares from JPMorgan.
According to the latest equity disclosure data from the Hong Kong Stock Exchange on August 23, 2024, aac tech (02018.HK) received a shareholding of 2.6152 million shares at an average price of 32.6979 Hong Kong dollars per share from JPMorgan Chase & Co., involving approximately 85.5101 million Hong Kong dollars. After the shareholding, the latest holding of good warehouses by JPMorgan Chase & Co. is 84,611,233 shares, and the proportion of good warehouses held has increased from 6.84% to 7.05%.
