AAC Technologies Holdings (HK:2018) has released an update.
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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.
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