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

Current PostionHomeAbout AACLatest News2015 Q1 Results - Solid Performance from Non-Acoustic Segments - Contribute more than 35% of Q1 Sales

2015 Q1 Results - Solid Performance from Non-Acoustic Segments - Contribute more than 35% of Q1 Sales

Financial Highlights
(RMB Million)
1Q 2015
1Q 2014
YoY
4Q 2014
QoQ
Revenue
2,305
1,854
+24%
3,099
-26%
Gross Profit
956
745
+28%
1,275
-25%
Gross Profit Margin
41.5%
40.2%
+1.3pt
41.1%
+0.4pt
Net Profit
606
487
+25%
788
-23%
Net Profit Margin
26.3%
26.3%
same
25.4%
+0.9pt
Basic EPS (RMB$)
0.49
0.40
+25%
0.64
-23%

 

(11 May 2015 – Hong Kong) – AAC Technologies Holdings Inc. (“AAC Technologies” or “the Company”; HKEx: 02018), a world-leading miniature technologies solution provider, today announced its unaudited first quarter results for the three months ended 31 March 2015.

AAC Technologies began its 10th year of being a listed company with the highest sales and earnings in any first quarter in the company’s history. With our broad product portfolio, revenue and gross profit in the January to March quarter were up 24% and 28% year-on-year to RMB 2,305 million and RMB 956 million respectively. The focus on execution, automation and cost reduction enabled gross profit margin to increase 1.3 percentage points to 41.5%. The non-acoustic segment continued to deliver more than 35% of sales in the first quarter 2015, consecutively, particularly the continued growth of the RF Mechanical solutions business. Net profit grew 25% to RMB 606 million.

Mr. Benjamin Pan, Chief Executive Officer of AAC Technologies, said, “Competition is driving handset manufacturers to deliver devices best suited to what the market desires. Our strong design and production capabilities, aligned with high production automation and efficiency and backed by a consistent high level of investment in R&D, enable us to provide solutions that fit diverse needs from customers in terms of technology upgrades and innovation in different tiers of models. In this way we can win a higher market share in the non-acoustic segments and solidify our leadership in the audio segment. We are committed to identify and evaluate appropriate opportunities to invest in other global technology companies that will create synergy with the Company’s existing technology capabilities, such as the recent acquisition of WiSpry, Inc.”