Dahua Jixian: AAC TECH (02018) is rated as "buy" with a target price of HKD 41.
The line indicates that ReSound's performance in the second half of last year was solid, with a net profit attributable to the parent company of 16.36 billion yuan, an increase of 29.8% year-on-year and 86.9% quarter-on-quarter, exceeding the bank's and market's expectations by 8.7% and 4.1% respectively.
Dahua Jixian released a research report, giving AAC TECH (02018) a "buy" investment rating, with a target price of HK$41. The bank pointed out that AAC TECH's performance in the second half of last year was stable, with a net profit attributable to the parent company of RMB 1.636 billion, a year-on-year increase of 29.8% and a quarter-on-quarter increase of 86.9%, exceeding the bank's and the market's expectations by 8.7% and 4.1%, respectively. Annual revenue reached RMB 31.817 billion, a year-on-year increase of 16.4%; annual net profit attributable to the parent company was RMB 2.512 billion, a significant year-on-year increase of 39.8%.
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