**2017 Interim Results**
AAC Technologies Holdings Limited ("AAC Technologies" or "the Company"; stock code: 02018) recently released its unaudited interim results for the six months ended June 30, 2017. The company reported strong financial performance, with revenue reaching approximately RMB8,644 million and net profit of around RMB2,127 million—both figures hitting record highs. The “Chairman’s Report†in the announcement highlighted key achievements and strategic progress.
**Key Highlights from the 2017 Interim Results (Unaudited):**
- Revenue increased by 55% year-on-year to RMB8,644.3 million, while net profit rose by 57% to RMB2,126.8 million, both setting new records.
- Sales of acoustic solutions grew by 22%, and non-acoustic solutions surged by 130% compared to the same period last year. Both segments contributed significantly to the company's growth, with gross profit margins exceeding 40%.
- The optical business, based on the company’s proprietary design and production platform, reached a monthly capacity of 10 million units for lenses with specifications of 5P or 13M. This segment is expected to be a major growth driver moving forward.
- Annualized average return on equity improved to 29.2%, up from 23.5% in the first half of 2016.
- The balance sheet remained strong, with cash reserves of RMB3,088.1 million and low gearing ratios at 19.4% and 6.8% respectively.
- The board recommended an interim dividend of HK$0.40 per share, a 33% increase from the previous year.
**Business Review**
AAC Technologies delivered robust performance in the first half of 2017, driven by continued growth in both acoustic and non-acoustic segments. The company achieved revenue of RMB8,644.3 million and net profit of RMB2,126.8 million, marking a 55% and 57% year-on-year increase respectively. Gross profit margin stayed high at 41.0%.
The growth in dynamic components was largely due to the rising demand for stereo and waterproof features, which boosted sales by 22% year-on-year, accounting for 48% of total revenue. Meanwhile, the non-acoustic segment saw a massive 130% year-on-year growth, contributing 48.5% of total sales and surpassing the acoustic business for the first time.
Effective cost control helped reduce operating expenses from 14.7% in the first half of 2016 to 12.8%. R&D investment accounted for 8.4% of revenue, slightly lower than 8.8% in 2016. The net profit margin improved by 0.2 percentage points to 24.6%.
In the second quarter, revenue rose 47% year-on-year to RMB4,429.2 million, with net profit reaching RMB1,065.2 million, a 45% increase over the same period last year. Non-acoustic business growth was particularly strong, increasing by 74% year-on-year and making up over 45% of total sales in Q2 2017.
The gross profit margin for the quarter was 40.4%, affected by product mix changes. However, with the maturation of its technology and production platforms, the company is well-positioned for future profitability improvements. R&D spending in the second quarter stood at 8.8% of sales, and the net profit margin was 24.1%.
Overall, AAC Technologies demonstrated strong execution, innovation, and customer focus, reinforcing its position as a leader in the industry.
XT Series (15 - 23.6 Inch )
XT Series Infrared Touch Screens (15" - 23.6") – High-Performance Multi-Touch Solutions
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XT Series is a premium selection of infrared (IR) touch screens designed for interactive kiosks, digital signage, education technology, retail displays, and industrial control systems. Available in 15" to 23.6" sizes, these touch panels deliver fast, accurate, and reliable touch performance even in demanding environments. With multi-touch support (up to 10 simultaneous touch points), high durability, and excellent optical clarity, the XT Series ensures smooth and intuitive user interaction.
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Applications:
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- Self-service kiosks (ticketing, retail, ATMs)
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The XT Series combines precision, durability, and versatility, making it a top choice for businesses seeking reliable, high-performance touch solutions. Whether used in corporate settings, public spaces, or rugged industrial applications, these touch screens provide a smooth, responsive, and long-lasting interactive experience.
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