In the first half of 2024, AAC Tech achieved total revenue of 11.25 billion yuan, a year-on-year increase of 22.0%, with a gross margin of 21.5%, up 7.4 percentage points year-on-year. This growth is mainly attributed to the recovery of the mobile phone market, as well as product mix improvements in the acoustics, optics, and precision structural components business. During the period, the group's net profit was 0.537 billion yuan, a significant increase of 257.3% year-on-year. Operating cash inflow was 2.65 billion yuan, up 29.1% year-on-year, with capital expenditures of 0.917 billion yuan. As of June 30, 2024, the group's net asset-liability ratio was 6.0%, with cash on hand of 7.81 billion yuan. Inventory turnover days improved from 80 days to 71 days. The group...Show More

In the first half of 2024, AAC Tech achieved total revenue of 11.25 billion yuan, a year-on-year increase of 22.0%, with a gross margin of 21.5%, up 7.4 percentage points year-on-year. This growth is mainly attributed to the recovery of the mobile phone market, as well as product mix improvements in the acoustics, optics, and precision structural components business. During the period, the group's net profit was 0.537 billion yuan, a significant increase of 257.3% year-on-year. Operating cash inflow was 2.65 billion yuan, up 29.1% year-on-year, with capital expenditures of 0.917 billion yuan. As of June 30, 2024, the group's net asset-liability ratio was 6.0%, with cash on hand of 7.81 billion yuan. Inventory turnover days improved from 80 days to 71 days. The group continues to improve operational efficiency, tightly control capital expenditures, and strong operating cash inflow supports ample liquidity after the acquisition of PSS. In accordance with the current dividend distribution policy approved by the board of directors, the group implements an end-of-year dividend policy, with a dividend payout ratio of 15%, no longer paying mid-year dividends. The group will maintain a prudent financial management policy and strong cash flow to drive business development and create long-term value for shareholders.