AAC TECH (02018) is pleased to report that it is expected the annual comprehensive net profit attributable to shareholders will increase significantly to between 1.7 billion and 1.815 billion compared to the same period last year.

AAC TECH (02018) announced that the unaudited comprehensive net profit attributable to owners of the Company for the financial year ending on December 31, 2024 (2024 fiscal year) is expected to increase to between RMB 1.7 billion and RMB 1.815 billion, representing an increase of approximately 130% to 145% compared to the financial year ending December 31, 2023. The significant increase in profit is mainly attributed to the recovery of the global smartphone market and the trend of increasing regulations, which have optimized the product portfolio of multiple product divisions and improved operational efficiency. In addition, the completion of the first batch of transactions to acquire Acoustics Solutions International B.V. in February 2024 has made a positive contribution to the Group's profit and further enhanced the growth potential of the automotive market business.