Technologies is the world's leading comprehensive micro-component
Founded in 1993 and listed in Hong Kong in 2005 (stock code 02018), AAC
Technologies has become a global leading supplier of integrated
micro-component solutions for communication and IT consumer
electronics, providing clients with innovative solution technologies
ranging from acoustics to haptics vibrators, radio frequency (RF) and
optics. As a top player in the industry, AAC Technologies maintains
strategic partnerships with a number of world-class brands, and its
solutions are extensively used in smart phones, tablets, ultrabooks,
wearables and other consumer electronics products.
AAC Technologies has 20 R&D centers worldwide with over 800 senior
engineers and 1,726 patents. The Company is global in scope with
research and development centers in the People’s Republic of China (the
“PRC”), Singapore, Japan and Denmark, testing laboratories in Singapore
and Korea, manufacturing facilities in the PRC, Vietnam and the
Philippines, and sales offices throughout the world.
Record High Annual Revenue and Profit Up 32% and 30%
Proposed Final Dividends for 2016 of HK$1.17
23% YoY Increase of Total 2016 Dividends
Backed by Strong Q4 earnings Quarter EPS Up 55%
(22 March 2017, Hong Kong) AAC Technologies Holdings Inc. (“AAC
Technologies” or “the Company”; Stock Code: 02018) has today announced
its annual results for the year ended 31 December 2016, reporting
revenue of RMB15,506.8 million and net profit of RMB4,025.7 million.
2016 Final Results Highlights (audited):
Revenue grew by 32% to RMB15,506.8 million and net profit rose by 30%
to RMB4,025.7 million year-on-year, both are new highs;
Dual growth drivers comprising sales of dynamic components and
non-acoustic solutions which grew by 29% and 56% respectively
year-on-year, and both delivered gross margins of 40+%;
Annualized return on average equity (ROE) was 31.6%, up from 30.4% last
Further strengthened balance sheet with cash on hand of RMB3,864.4
million, and, relatively low gearing ratio and net gearing of 16.9% and
0.9% respectively; and
A proposed total dividend of HK$1.47 per share for 2016, representing
23% growth over the previous
2016 was another good year for AAC Technologies. We managed to grow
sales year-on-year for seven years consecutively and reached a new
milestone with total revenue exceeding RMB15 billion or US$2 billion.
These strong results come amid a more saturated smartphone market. We
have gradually evolved from an acoustic components supplier to an
integrated miniature technologies solutions provider through the
accomplishment of significant initiatives which pave the way for our
We delivered another set of solid results in 2016 with continued growth
momentum from both the acoustic and non-acoustic segments. The Company
posted revenue and net profit of RMB15,506.8 million and RMB4,025.7
million, representing a rise of 32% and 30% year-on-year respectively.
Gross margin stayed at a high level of 41.5%. A major upgrade trend
involving stereo sound and waterproof features drove dynamic components
sales, rising by 29% year-on-year and accounting for 51% of total
sales. RF Mechanical together with Haptics solutions, the two distinct
contributors in the non-acoustic business, grew by 56% year-on-year and
contributed 45% of total sales in 2016 compared with only 1% in 2013.
The Company’s continuous and effective cost controls drove operating
expenses down to 12.4% from 14.2% in 2015. Full year net profit margin
of 26.0% was achieved.