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

Current PostionHomeAbout AACLatest NewsRecord Annual Earnings for the Sixth Consecutive Year EPS Increases 34% YOY Total Dividends for 2015 of HK$1.2, Up 25% YOY

Record Annual Earnings for the Sixth Consecutive Year EPS Increases 34% YOY Total Dividends for 2015 of HK$1.2, Up 25% YOY

Record Annual Earnings for the Sixth Consecutive Year

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EPS Increases 34% YOY

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Total Dividends for 2015 of HK$1.2, Up 25% YOY

Financial Highlights
  For the Year Ended 31 Dec
(RMB’ Million)
2015
2014
YoY
Q4 2015

Q4 2014

YoY

Q3 2015

QoQ
Revenue
11,739
8,879
32%
3,848

3,099

24%

3,184

21%
Gross Profit
4,872
3,678
32%
1,594

1,275

25%

1,324

20%
Gross Profit Margin
41.5%
41.4%
0.1pt
41.4%

41.1%

0.3pt

41.6%

-0.2pt
Net Profit
3,107
2,318
34%
1,011

788

28%

851

19%
Net Profit Margin
26.5%
26.1%
0.4pt
26.3%

25.4%

0.9pt

26.7%

-0.4pt
Basic EPS (RMB)
2.53
1.89
34%
0.82

0.64

28%

0.69

19%
Dividend per Share(HK$)
1.20
0.96
25%
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(23 March 2016 – Hong Kong) – AAC Technologies Holdings Inc. (“AAC Technologies” or “the Company”; HKEx: 02018), a world-leading miniature technologies solution provider, has today announced its final results for the year ended 31 December 2015 (“the year”).

AAC Technologies delivered another record-setting year of financial performance, with sales, gross profit, net profit and EPS at the highest levels in the Company’s history. Sales of RMB 11,739 million for the year rose 32% year-on-year, outperforming the overall smartphone market growth. Strong year-on-year revenue growth came from both acoustic and non-acoustic segments, which were up 5% and 166% respectively over 2014 annual levels. Higher dollar contents per device accounted for most of this growth and was mainly generated by new non-acoustic solutions. Non-acoustics contributed 38% of the total revenue. Sales from PRC customers were robust, surging to RMB 3,618 million, to account for 31% of total revenue. Overall gross profit grew 32% to RMB 4,872 million with a gross profit margin of 41.5%. Net profit was RMB 3,107 million, rising 34% year-on-year.

The Company continued to generate strong earnings and cash flow, further enhancing its already strong financial position, with net cash at year-end of over RMB 400 million. The Board has proposed a final dividend of HK$0.95 per ordinary share, giving a total dividend for the year of HK$ 1.20, representing a stable annual payout ratio of about 40%.

Benefitting from product upgrades and new solutions in the non-acoustic segment, the Company reported solid fourth quarter revenue of RMB 3,848 million and gross profit of RMB 1,594 million, up 21% and 20% respectively over the third quarter. Management has repeatedly delivered solid execution on new businesses. Sales of non-acoustic segments increased by 33% from the previous quarter, accounting for more than 40% of fourth quarter revenue. Gross and net profit margin remained stable at 41.4% and 26.3% respectively. Net profit grew 19% to RMB 1,011 million.

Mr. Benjamin Pan, Chief Executive Officer of AAC Technologies, said, “Our ongoing technology initiatives continue to give us a competitive edge in new technology business. We will continue to drive more technology upgrades in the acoustics segment. In the non-acoustics business, the adoption of our leading solutions is set to increase, while our integrated RF Mechanical solution is gaining further market share as more customers will adopt metallic solutions in upcoming models. We believe our innovation capabilities, our R&D efforts together with our highly vertical and automated production platform can help sustain long-term profitability growth and maintain AAC’s leading position in miniaturization technologies.”

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About AAC Technologies Holdings Inc.

AAC Technologies is a constituent stock of the Hang Seng Corporate Sustainability Index, Hang Seng Mainland 100 Index, Hang Seng Composite LargeCap Index, Hang Seng Composite Industry Index (Information Technology), Hang Seng IT Hardware Index, MSCI China Index and FTSE Hong Kong Index.

AAC Technologies is a total solution provider utilizing the latest miniaturized technology components across acoustic, haptic, RF wireless and optical segments. The Company is already an established leading global supplier of miniaturized acoustic components including a broad range of speakers, receivers and MEMS microphones. The Company delivers integrated solutions across multiple segments incorporating advanced proprietary technologies haptics vibrators, RF antennas and optical components. The Company’s products are found in mobile devices such as smartphones, tablets, wearables, and PC notebooks. The Company is global in scope with research and development centers and has established sales offices in key markets serving a large number of geographically diverse customers in the mobile electronics market.

FORWARD-LOOKING STATEMENTS

This press release may contain certain statements that are forward-looking or which use certain forward-looking terminologies. These forward-looking statements are based on the current beliefs, assumptions and expectations of the Company regarding the industry and markets in which it operates. Actual results may differ materially from expectations discussed in such forward-looking statements and opinions. The Group, the Directors, employees and agents of the Group assume (a) no obligation to correct or update the forward-looking statements or opinions contained in this press release of the Company; and (b) no liability in the event that any of the forward-looking statements or opinions do not materialize or turn out to be incorrect.

Contact:
AAC Technologies Holdings Inc.
Connie Chin Ricky Man
Head of Investor Relations Investor Relations Manager
Tel: 852 3470 0079 Tel: 852 3470 0076
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For press enquiries:
Strategic Financial Relations Limited
Vicky Lee Tel: 852 2864 4834 Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
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Fax: 852 2527 1196