Apple and Xiaomi's Supplier AAC Technologies' 1H Net Profit Down 58%
According to AAC Technologies' (02018:HK) interim financial release, its total revenue witnessed a year-on-year growth of 3.6% at CNY 7.84 billion. The sales of optic segment, acoustic segment and precision components saw stunning annual growth at 55%, 34% and 11% respectively.
Despite the revenue growth, the company's net income during the first half-year of 2020 declined 58% year-on-year at CNY 320 million. Recently invested by OPPO and Xiaomi, the company may have extra expenditure in terms of R&D and sales.
Since the financial release, AAC's stock price has declined by 7.45%.
This text is a result of machine translation.
Related companies：
Briefing Oct 20, 2023 06:03 PM
· Technology
China’s OpenAI Challenger Zhipu AI Secures Over CNY 2.5 Billion to Step Further on Large-Scale Model
In-depth
Technology
Apple and China: A Mutually Beneficial Relationship
In 2019, around 46% of Apple's suppliers were Chinese companies or China-based factories. Not only do Chinese firms rely on Apple's sizable orders, but Apple also sees benefits from the country’s high cost-efficiency and growing innovation.
Aug 24, 2020 12:11 AM
Briefing Dec 26, 2022 06:20 PM
· Technology
PIQS Completed the Series B Funding Round
Briefing Dec 01, 2022 09:18 PM
· Technology
3D Vision Company Raises Hundreds of Mns of CNY in Series C Round
Nov 08, 2022 08:32 AM
Aug 09, 2022 04:42 PM
Aug 25, 2021 11:36 AM
May 03, 2021 09:18 AM
Briefing Dec 01, 2022 09:16 PM
· Technology
Robotic Company Rokid Bags CNY 1.25 Bns in Series D Funding Round
Briefing Dec 01, 2022 08:43 PM
· Technology
Security Electronic Company Yuan Electron Secures Hundreds of Mns of CNY in Series C+ Financing Round
Briefing Jun 27, 2022 11:04 AM
· Technology
Apple concept stocks in Hong Kong stocks continued to rise, and BYD electronics rose nearly 15%
Technology
Brazil raises import tariffs on optical cables, initiates anti-dumping probe
Nov 13, 2024 04:38 PM
Technology · Analysis
How Can Solar Companies Seize Opportunities in the Post-Subsidy Era?
China is the world's largest producer and consumer of photovoltaic (PV) products and has made significant strides in the past two decades. Over this time, China's solar industry has experienced ups and downs, influenced by the country's deeper integration into the global supply chain and the ongoing U.S.-China trade tensions.
Oct 10, 2024 05:23 PM
Briefing Dec 28, 2021 10:38 PM
· Technology
Ruisheng Technology: customized two solutions for Xiaomi 12 Pro
Technology
Brazil's Semiconductors Get Boost: Incentives to Draw 30Bn Reais in a Decade
Sep 14, 2024 05:44 PM
Briefing Nov 11, 2021 12:18 PM
Ruisheng Technology: the net profit attributable to the parent company in the third quarter was 183 million yuan, a year-on-year decrease of 57.4%
Briefing Sep 16, 2021 02:28 PM
· Technology
Hong Kong stocks Apple concept plate fell, Gaowei electronics fell nearly 8%
Briefing Sep 15, 2021 08:44 AM
CITIC Securities: driven by Apple's new computer, the performance growth of the industrial chain company in the third quarter has high certainty
See more
Read next
Insight
In-depth
Consumer Discretionary · Analysis
Black Friday Kicks Off: How to Navigate the Latin American Market?
Nov 20, 2024 10:36 AM
Insight
In-depth
Consumer Staples, Consumer Discretionary · Interview
Exploring Uncharted Territories in the Middle East: The Innovators Going Global
Nov 19, 2024 03:20 PM
Insight
In-depth
Insight
In-depth
Consumer Staples
The Billion-Dollar European Caviar Business, Now Disrupted by China
Nov 08, 2024 01:52 PM