"AAC Acoustic Holdings Inc." has changed to "AAC Technologies Holdings Inc."   

Current PostionHomeAbout AACLatest News2013 2Q Results - QoQ Performance Stable despite Weak Market Sentiments World-wide

2013 2Q Results - QoQ Performance Stable despite Weak Market Sentiments World-wide

 

AAC Technologies Announces Unaudited Interim Results 2013

Company Declares Interim Dividends of HK 25 cents, 25% up YoY

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Half Year Revenue and Net Profit respectively increased by 48% and 49% YoY

QoQ Performance Stable despite Weak Market Sentiments World-wide

 

 

Financial Highlights

 

 

For   the Six Months Ended

30   June

Year-on-

Year   Change

2Q 2013

RMB’ million

1Q   2013

RMB’   million

Quarter-on-Quarter   Change

2013

RMB’   million

2012

RMB’   million

Revenue

3,831

2,589

+48%

1,926

1,905

+1%

Gross Profit

1,639

1,126

+46%

825

814

+1%

Gross Profit   Margin

42.8%

43.5%

-0.7pt

42.8%

42.7%

+0.1pt

Net Profit

1,075

720

+49%

541

534

+1%

Net Profit Margin

28.1%

27.8%

+0.3pt

28.1%

28.0%

+0.1pt

Basic Earnings per Share

RMB 87.57

cents

RMB 58.66

cents

+49%

RMB 44.10

cents

RMB 43.47   cents

+1%

Dividend per Share

HK25.00  
  cents

HK20.00   cents

+25%

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(16 August 2013 – Hong Kong) – AAC Technologies Holdings Inc. (“AAC Technologies” or “the Company;” HKEx: 02018), a world-leading miniature technologies components solution provider, today announced its unaudited results for the first six months ended 30 June 2013 (“the period”).

On a year-on-year basis, the Company recorded a commendable 48% growth in first-half revenue to RMB3,831 million, mainly attributable to higher average selling prices of products and increased contribution from tablet sales. Although higher labour cost and transition of customer product models caused a slight 0.7 point drop in gross profit margin, net profit margin rose 0.3 percentage point to 28.1%, supported by implementation of cost control measures and the benefits of higher operating leverage.

The Board has declared an interim dividend of HK25.0 cents per share, a 25% growth to the previous year.

On a quarter-on-quarter basis, revenue of second quarter increased to RMB1,926 million or 1% sequentially. Increasing sales penetration into a broader portfolio of major handset customers has enabled revenue to remain stable despite slow mobile consumer electronics segment market sentiments amid macro-economic headwinds. Gross profit margin improved 0.1 percentage point to 42.8%.

The Company has succeeded in further enhancing its market share in tablets by winning new projects. In addition, the Company’s development in non-acoustic segments such as radio frequency and optical solutions has received positive feedbacks from customers. The Company will continue to pursue innovative solutions to anticipate the demand for next generation projects.


Mr. Benjamin Pan, Chief Executive Officer of AAC Technologies, said, “Our strong R&D foundation positions us well to maintain our profitability. Our solid track record, broad customer coverage and production know-how will enable us to capture the growing potential in non-acoustic segments, and we are confident that the Company can deliver further growth and widen leadership in the smart-devices solutions market.

 

-End-

 About AAC Technologies Holdings Inc.

AAC Technologies is an established leading designer, developer and manufacturer of a broad range of miniaturised acoustic components. The Company also provides a range of innovative technology design solutions in non-acoustic segments. Most manufacturing is done in the Company’s state-of-the-art production facilities. The Company’s acoustic products include speakers, receivers and microphones. Its non-acoustic products include antennas, optical lenses, vibrators and ceramics products which are applied in smart mobile devices such as mobile handsets and tablets. Serving a large number of geographically diverse customers in the consumer electronics market, the Company is global in scope with research and development centers in the PRC and Singapore, testing laboratories in Singapore and Korea, manufacturing facilities in the PRC and sales offices throughout the world.

As a global technology company, AAC Technologies recognizes the importance of the continuous and focused research and development. It will continue to develop and strengthen its research and development capabilities and intellectual property portfolio.

AAC Technologies is a constituent stock of Hang Seng Corporate Sustainability Benchmark Index, Hang Seng Mainland 100 Index, MSCI Hong Kong Index and FTSE Hong Kong Index.


For more details, please visit www.aactechnologies.com

 

Contact:

AAC Technologies Holdings Inc.

Connie Chin                                                          Louis So

Head of Investor Relations                                   Senior Manager, Investor Relations

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