AAC TECH (02018) released its mid-term performance report, with a net profit of 901 million yuan, an increase of 2.9% year-on-year, and revenue reaching a new high of 14.51 billion yuan.

AAC TECH (02018) announced its interim results for the six months ending June 30, 2026, reporting revenue of RMB 14.506 billion, an increase of 8.9% year-on-year; net profit of RMB 901 million, a year-on-year increase of 2.9%; and basic earnings per share of RMB 0.79. The Group adheres to innovation as its foundation, accurately grasping industry trends, and accelerating the research and development and delivery of new AI products at the edge. Revenue reached a new high of RMB 14.51 billion, a year-on-year increase of 8.9%. The main growth came from the acoustic and electromagnetic transmission business, automotive acoustic business, and thermal management business. The Group's gross margin was 22.4%, an increase of 1.7 percentage points year-on-year, primarily due to a better product mix and higher operational efficiency. Reported net profit increased by 2.9% year-on-year to RMB 901 million, while excluding other income and losses related to fair value gains and losses, the growth rate of net profit for the first half of 2026 was 37.4%. During the reporting period, the net cash inflow from operating activities was RMB 1.91 billion. The Group continues to enhance operational efficiency, with the cash turnover cycle improving by 30 days to within 20 days compared to June 30, 2025. Capital expenditure was RMB 1.23 billion. As of June 30, 2026, cash on hand (including short-term deposits) amounted to RMB 7.07 billion. The Group will continue to improve operational efficiency and implement a prudent capital expenditure policy, and the strong operational cash inflow obtained will support the long-term healthy development and innovation of the Group.