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AAC Technologies Holdings Inc 02018 Stock Quote

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Morningstar‘s Stock Analysis 02018

Valuation
Currency in HKD
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Economic Moat

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Capital Allocation

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AAC Technologies Plans To Ramp Up Volume at Margins’ Expense; FVE Slashed to HKD 29

Phelix Lee Equity Analyst

Business Strategy and Outlook

| Phelix Lee |

Over the past decade, AAC has benefited from the rise of Apple, which accounts for over 30% of the firm’s sales, by supplying acoustics and haptics component to the latter. However, AAC has had to endure a slowdown in the adoption of new speaker and touch feedback technology by Apple and intensifying competition within Apple’s supply chain. As a result, its return on invested capital declined to 4.5% in 2020 from 38.9% in 2010.

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Key Statistics 02018

Company Profile 02018

Business Description

AAC Technologies is one of the world’s largest manufacturers of miniature acoustic components, such as speakers and receivers, for smartphones, which account for 44% of its 2020 revenue. Founded in 1993, the company has since then expanded into the production of other handset components, such as electromagnetic drives (haptics), precision mechanical (metal casing), lenses and camera modules, which combined make up 56% of the firm’s sales.The firm is also engaged in the production of MEMS microphones, 3D glass, RF antennas, and headsets. AAC is headquartered in Shenzhen, China and runs factories in China, Vietnam, Czechia and Malaysia, employing over 41,000 people.

Contact
38 Gloucester Road, Unit 1605-7, China Evergrande Centre
Hong Kong, Hong Kong
T +852 34700060
Industry Communication Equipment
Most Recent Earnings
Fiscal Year End Dec 31, 2022
Stock Type
Employees 37,591