RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2024

AAC TECH's performance in 2024 is impressive, with annual revenue growing by 33.8% year-on-year to 27.33 billion RMB, setting a historical high. Net profit surged by 142.7% year-on-year to 1.8 billion RMB, with basic earnings per share at 1.53 RMB. Gross margin improved by 5.2 percentage points year-on-year to 22.1%, mainly benefiting from product structure optimization and improved operation efficiency. The Board of Directors has proposed a final dividend of 0.24 HKD per share.The Group's various business sectors performed strongly, with acoustic business revenue growing by 9.5% year-on-year to 8.21 billion RMB, and gross margin rising to 30.2%; optical business revenue increased significantly by 37.9% to 5 billion RMB, with gross margin improving noticeably; revenue from electromagnetic transmission and precision structural parts grew...Show More

AAC TECH's performance in 2024 is impressive, with annual revenue growing by 33.8% year-on-year to 27.33 billion RMB, setting a historical high. Net profit surged by 142.7% year-on-year to 1.8 billion RMB, with basic earnings per share at 1.53 RMB. Gross margin improved by 5.2 percentage points year-on-year to 22.1%, mainly benefiting from product structure optimization and improved operation efficiency. The Board of Directors has proposed a final dividend of 0.24 HKD per share.The Group's various business sectors performed strongly, with acoustic business revenue growing by 9.5% year-on-year to 8.21 billion RMB, and gross margin rising to 30.2%; optical business revenue increased significantly by 37.9% to 5 billion RMB, with gross margin improving noticeably; revenue from electromagnetic transmission and precision structural parts grew by 17.8% to 9.71 billion RMB. After completing the acquisition of PSS in February 2024, the automotive and consumer acoustic products business contributed revenue of 3.52 billion RMB, further expanding the business landscape.Looking forward, the Group will actively seize opportunities in emerging fields such as AI, New energy Fund Autos, AR/VR, and Siasun Robot&Automation, accelerating the incubation of new product forms. By deeply cultivating technological innovations in acoustics, optics, electromagnetic transmission, and precision structural components, it aims to provide global partners with specific scenario solutions combining hardware and software, continuously creating greater value for customers.