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An announcement from AAC Technologies Holdings ( (HK:2018) ) is now available.
AAC Technologies Holdings Inc. has issued a positive profit alert, forecasting that its unaudited consolidated profit for the year ended December 31, 2024, will significantly increase by approximately 130% to 145% compared to the previous year, reaching between RMB1700 million and RMB1815 million. This growth is attributed to a recovery in the global smartphone market, improvements in product mix and operational efficiency, and benefits from an acquisition in the automotive industry, enhancing the company’s business growth potential.
More about AAC Technologies Holdings
AAC Technologies Holdings Inc. is a company incorporated in the Cayman Islands, primarily involved in the technology industry. The company focuses on providing advanced components and solutions, particularly catering to the global smartphone market and expanding into the automotive sector.
YTD Price Performance: 24.13%
Average Trading Volume: 693
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $7.52B
Learn more about 2018 stock on TipRanks’ Stock Analysis page.
