Summary by Futu AI
AAC TECH has released a positive profit forecast, estimating that the unaudited consolidated net profit attributable to the company's owners for the fiscal year 2024 will reach between RMB 1700 million and RMB 1815 million, reflecting a significant increase of approximately 130% to 145% compared to the same period in 2023. The notable profit growth is primarily attributed to the recovery of the global Smart Phone market and the trend of upgrading, driving the optimization of product mix across various divisions and continuously improving Operation efficiency.The company completed the first batch of transactions in acquiring Acoustics Solutions International B.V. in February 2024, which has positively contributed to the group's profitability and further enhanced the growth potential of the Business in the automotive market. These financial figures are preliminary assessment results and have not yet been reviewed by the company or the risk committee, nor audited by independent auditors; the final audited consolidated financial results are expected to be announced by the end of March 2025.