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

Current PostionHomeAbout AACLatest News2012 3Q Results - Record Revenue & Net Profit

2012 3Q Results - Record Revenue & Net Profit

 

AAC Technologies Achieves Record Revenue and Net Profit

for 3rd Quarter and the Nine Months Ended 30 September 2012

 

Enhanced Acoustics for New Smart Devices

 

Financial Highlights

 

 

For the Nine Months Ended

30 September

Year-on-

Year Change

3Q 2012

RMB’ million

2Q 2012

RMB’ million

Quarter-on-Quarter Change

2012

RMB’ million

2011

RMB’ million

Revenue

4,286

2,927

+46%

1,697

1,397

+22%

Gross Profit

1,873

1,281

+46%

747

614

+22%

Gross Profit Margin

43.7%

43.8%

-0.1pts

44.0%

43.9%

+0.1pts

Profit Attributable to the Owners of the Company

1,193

771

+55%

473

406

+17%

Net Profit Margin

27.8%

26.4%

+1.4pts

27.9%

29.1%

-1.2pts

Basic Earnings per Share

RMB97.18 cents

RMB 62.82

cents

+55%

RMB 38.53

cents

RMB 33.08

cents

+17%

 

(7 November 2012 – 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 nine months ended 30 September 2012.

 

Driven by the rising importance of audio performance in smart devices, new design solutions have been adopted in upgrading built-in acoustic components resulting in a higher acoustic value proposition. Higher average selling prices of the Company’s products contributed to the record results of the first nine months. On a year-on-year basis, revenue and net profit increased to RMB 4,286 million and RMB 1,193 million, representing a 46% and 55% increase respectively. Despite the rising labour and material cost, gross profit margin was stable for the nine-month period, due to better product mix and solid line automation program.

 

On a quarter-on-quarter basis, revenue of 3Q 2012 rose by 22% to RMB 1,697 million. The strong growth was attributable to customers’ new product launches and AAC’s continuous penetration into the non-handset segment. Gross profit and net profit were RMB 747 million and RMB 473 million, representing a 22% and 17% increase respectively.

 

AAC Technologies continues to excel in miniature acoustic components with an offering of innovative non-acoustic technology solutions, such as dual-function integrated speaker box design. Product development in optics and ceramics remains on track.

 

Mr Benjamin Pan, Chief Executive Officer of AAC Technologies, said, “Smart devices such as smartphones and tablets are the growing markets in the current uncertain global economy. Though the market reshuffle of smart devices continues, by leveraging the advantages of our advanced R&D capability and our business relationships with a broad customer base, we will further strengthen our foothold in the smart devices’ solutions market.

 

– End –

 

 

About AAC Technologies Holdings Inc.

AAC Technologies is one of the world’s foremost vertically integrated manufacturers of miniature components. Our Company designs, manufactures and distributes a comprehensive suite of acoustic and non-acoustic products. Acoustic products include speakers and microphones, and non-acoustic products include antennas, optical lenses, vibrators and ceramics products for use in mobile handsets, tablets, game consoles, ultrabooks, notebook computers and other consumer electronics devices such as electronic book-readers, MP3 players and MP4 players. We offer wide-ranging innovative technology design solutions covering mobile telecommunications, IT products, consumer electronics, home appliances, automobile and medical applications markets.

 

AAC Technologies is a constituent stock of Hang Seng Corporate Sustainability Benchmark Index, Hang Seng Mainland 100 Index, Hang Seng HK MidCap Index, FTSE Hong Kong Index and MSCI SMID (Small & Mid cap) Index.

 

 

Contact:

AAC Technologies Holdings Inc.

Connie Chin                                                          Louis So

Head of Investor Relations                                   Investor Relations Manager

Tel: (852) 3470 0079                                             Tel: (852) 3470 0076

Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it          Email:LouisS This e-mail address is being protected from spambots. You need JavaScript enabled to view it

 

 

For press enquiries:

Strategic Financial Relations Limited

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Carrie Wang            Tel: (852) 2114 4319               Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Fax: (852) 2804 2789 / (852) 2527 1196