Guangzhou Huarui Investment Securities issued a research report on August 26, predicting that AAC Technologies is focused on diversifying its revenue sources and improving its business profitability. With the improvement of product portfolio and the growth of demand for smart phones, the profit margins of its business sectors have all expanded in the first half of the year. The net profit forecasts for 2024, 2025, and 2026 have been raised by 13%, 19%, and 15% respectively. The target price has been increased by 16% from HKD 32.4 to HKD 37.5, corresponding to a forecasted PE ratio of approximately 19 times in 2025, and the rating remains "outperform the market".