AAC Technologies Holdings (HK:2018) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
AAC Technologies Holdings Inc. reports a significant year-on-year growth with a 22% increase in revenue and a 257.3% surge in net profit for the first half of 2024, driven by a recovery in the smartphone market and improvements in operational efficiency. The company’s acoustics business experienced solid performance, particularly in high-end products for smartphones, contributing to the overall profitability and market share expansion. Despite robust earnings, AAC Technologies maintains a conservative dividend policy with continued emphasis on financial prudence and innovation investment.
For further insights into HK:2018 stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue