AAC Technologies Expects Group Revenue Growth of Over 18% in 2025, with a Gross Profit Margin Higher than 2024
AAC Technologies (AACAY) reported strong H1 2025 results with revenue reaching RMB 13.32 billion, up 18.4% YoY, and net profit surging 63.1% to RMB 876 million. The company expects continued growth in H2 2025 with revenue growth maintaining above 18% and full-year gross margin exceeding 22.1%.
Key growth drivers include AI-driven demand for MEMS microphones (50% YoY growth expected) and heat dissipation products (projected to exceed RMB 1.2B, tripling 2024 figures). The company's proprietary WLG lens technology will surpass 10 million units in 2025 with 50% growth expected in 2026. The automotive division showed strong performance with revenue of RMB 1.74 billion, up 14.2% YoY.
AAC Technologies (AACAY) ha riportato risultati solidi nel 1° semestre 2025 con ricavi pari a RMB 13,32 miliardi, in crescita del 18,4% su base annua, e un utile netto in aumento del 63,1% a RMB 876 milioni. La società prevede una crescita continua nella seconda metà del 2025, con ricavi che dovrebbero mantenere una crescita superiore al 18% e un margine lordo annuo sopra il 22,1%.
I principali motori di crescita includono la domanda guidata dall'AI per i microfoni MEMS (si prevede una crescita del 50% su base annua) e per i prodotti per la dissipazione del calore (si stima supereranno RMB 1,2 miliardi, triplicando i livelli del 2024). La tecnologia proprietaria di lenti WLG dell'azienda supererà le 10 milioni di unità nel 2025, con una crescita attesa del 50% nel 2026. La divisione automotive ha mostrato buone performance con ricavi di RMB 1,74 miliardi, in aumento del 14,2% su base annua.
AAC Technologies (AACAY) presentó sólidos resultados en el 1S 2025, con ingresos que alcanzaron RMB 13,32 mil millones, un aumento interanual del 18,4%, y un beneficio neto que se disparó un 63,1% hasta RMB 876 millones. La compañía espera un crecimiento sostenido en la segunda mitad de 2025, con ingresos que mantendrán un crecimiento por encima del 18% y un margen bruto anual superior al 22,1%.
Los principales impulsores de crecimiento incluyen la demanda impulsada por la IA para micrófonos MEMS (se espera un crecimiento interanual del 50%) y para productos de disipación térmica (se proyecta que superarán RMB 1,2 mil millones, triplicando las cifras de 2024). La tecnología de lentes WLG propietaria de la empresa superará las 10 millones de unidades en 2025, con un crecimiento previsto del 50% en 2026. La división automotriz mostró un sólido desempeño con ingresos de RMB 1,74 mil millones, un aumento del 14,2% interanual.
AAC Technologies (AACAY)는 2025년 상반기 실적에서 매출이 RMB 133.2억으로 전년 동기 대비 18.4% 증가했고, 당기순이익은 63.1% 급증한 RMB 8.76억을 기록하며 견조한 성과를 보였습니다. 회사는 2025년 하반기에도 지속적인 성장을 예상하며 매출 성장률을 18% 이상으로 유지하고 연간 총이익률이 22.1%를 초과할 것으로 전망합니다.
성장의 주요 동력은 MEMS 마이크에 대한 AI 기반 수요(연간 50% 성장 예상)와 열방출 제품(2024년 대비 3배 수준으로 RMB 12억를 초과할 것으로 전망)입니다. 회사의 독자적인 WLG 렌즈 기술은 2025년에 1,000만 대를 넘어설 것이며 2026년에는 50% 성장이 기대됩니다. 자동차 부문은 매출 RMB 17.4억으로 전년 동기 대비 14.2% 증가하며 강한 실적을 보였습니다.
AAC Technologies (AACAY) a publié de solides résultats pour le 1S 2025, avec un chiffre d'affaires de RMB 13,32 milliards, en hausse de 18,4% en glissement annuel, et un bénéfice net en hausse de 63,1% à RMB 876 millions. La société prévoit une poursuite de la croissance au second semestre 2025, avec une croissance du chiffre d'affaires maintenue au-dessus de 18% et une marge brute annuelle supérieure à 22,1%.
Les principaux moteurs de croissance incluent la demande alimentée par l'IA pour les microphones MEMS (croissance annuelle attendue de 50%) et pour les produits d'évacuation thermique (prévision de dépassement de RMB 1,2 milliard, soit un triplement par rapport à 2024). La technologie propriétaire d'objectifs WLG devrait dépasser 10 millions d'unités en 2025, avec une croissance attendue de 50% en 2026. La division automobile a affiché de bonnes performances avec un chiffre d'affaires de RMB 1,74 milliard, en hausse de 14,2% en glissement annuel.
AAC Technologies (AACAY) meldete starke Ergebnisse für H1 2025: der Umsatz erreichte RMB 13,32 Milliarden, ein Plus von 18,4% gegenüber dem Vorjahr, und der Nettogewinn stieg um 63,1% auf RMB 876 Millionen. Das Unternehmen erwartet für H2 2025 anhaltendes Wachstum, wobei das Umsatzwachstum über 18% liegen und die Bruttomarge für das Gesamtjahr über 22,1% liegen soll.
Wichtige Wachstumstreiber sind die durch KI getriebene Nachfrage nach MEMS-Mikrofonen (erwartetes Wachstum von 50% gegenüber dem Vorjahr) und nach Wärmeableitungsprodukten (Prognose: > RMB 1,2 Mrd., damit dreifach gegenüber 2024). Die firmeneigene WLG-Linsentechnologie wird 2025 mehr als 10 Millionen Einheiten erreichen, mit erwarteten 50% Wachstum 2026. Die Automotive-Sparte zeigte starke Leistung mit einem Umsatz von RMB 1,74 Milliarden, ein Plus von 14,2% gegenüber dem Vorjahr.
- Record-breaking H1 2025 revenue of RMB 13.32B, up 18.4% YoY
- Net profit surged 63.1% YoY to RMB 876M
- Heat dissipation product revenue expected to triple in 2025 to RMB 1.2B
- MEMS microphone revenue projected to grow over 50% in 2025
- WLG lens technology achieved 80% yield rate and expects 50% growth in 2026
- Automotive division revenue grew 14.2% YoY with 23.9% gross margin
- Master-level speaker shipments increased 40% YoY to 17M units
- Acoustics business gross margin declined 2.7 percentage points to 27.2%
AAC Technologies CFO Guo Dan said that the Company's revenue in the second half will continue to maintain a high year-on-year growth rate, which is expected to be no less than the above figure in the first half, and the gross profit margin for the whole year will be no less than
In addition, global shipments of proprietary WLG lenses will exceed 10 million units this year, with a projected
The gross profit margin for acoustics for the full year will not be lower than
Financial reports show that in the first half, the gross profit margin of the acoustics business of AAC Technologies was
Dan stated that the slight fluctuation in the gross margin of acoustics, one of the Company's traditional core businesses, was mainly due to the introduction of a large number of new product projects in the first half. As operational efficiency gradually improves in the second half and products enter large-scale mass production, the gross margin for acoustics will steadily increase. The Company's annual gross margin for acoustics will remain at least as high as
In the first half of 2025, AAC Technologies launched a series of innovative acoustic products. The master-level super linear speakers (SLS) and coaxial speakers maintained their leadership in the mid-range to high-end market, with shipments exceeding 17 million units, representing an increase approaching
WLG product stands to achieve a milestone breakthrough
In the first half of 2025, AAC Technologies' optics business maintained its rapid growth momentum, with revenue of
AAC Technologies' proprietary WLG technology performed exceptionally well and received positive market feedback. The Company secured orders for 1G6P lenses from several leading Chinese customers for their flagship models and exclusively supplied WLG-based ultra-light micro-prism solutions.
AAC Technologies' WLG lens shipments will exceed 10 million units this year, with an expected growth of more than
The Company has achieved a yield rate of over
AI will drive double growth across multiple businesses
AAC Technologies will benefit significantly from the development of the AI industry, with multiple business segments achieving rapid growth. Due to the higher demand for voice interaction functions in AI smartphones, the MEMS microphone business will be the first to benefit, with revenue in 2025 expected to increase more than
Due to the higher computing power and greater power consumption of AI smartphones, the demand for heat dissipation performance is also increasing, which will directly drive the rapid growth of AAC Technologies' heat dissipation business. The Company has secured orders from high-end overseas customers and expects to begin mass production smoothly in the second half of the year. The overall revenue scale of the heat dissipation product line in 2025 will exceed
In addition, the trend toward ultra-thin foldable phones will bring more market opportunities for AAC Technologies' high-performance, high-density products, potentially driving continuous growth in the average selling price (ASP) of its innovative products, core components, and modules. It is expected that revenue from the acoustics business will continue to grow throughout 2025, with revenue from motor product business achieving double-digit growth.
Regarding the application of the side buttons module in iPhone, Dan stated that it would be inappropriate to comment on specific customers. In terms of its own products, AAC Technologies' keypad module products began shipping at the end of last year, and the functionality of these products will undergo further refinement and evolution. The Company is capable of providing support to both Chinese and international customers.
In-vehicle product revenue and gross profit will achieve stable growth
In recent years, AAC Technologies has been actively developing its second growth curve. The Company entered the in-vehicle product field in 2021 and has continuously improved its business layout through the acquisitions of Premium Sound Solutions (PSS), and Hebei First Light Auto Parts Co., Ltd. It has developed system-level solution capabilities in areas such as speakers, algorithms and amplifiers.
AAC Technologies has rapidly entered the European, American, and
Financial reports show that in the first half of 2025, AAC Technologies' in-vehicle product business generated revenue of
Regarding the hot topics of market concern, Dan said that based on the current situation, AAC Technologies' growth rate in the second half of the year will be no lower than that in the first half, with annual revenue maintaining double-digit growth year-on-year and gross profit margin steadily improving. While achieving business growth, the Company has kept its research and development, sales, and management expenses at a reasonable level, which is a result of the Company's transformation in recent years. The Company will actively seize market opportunities, expand its market share, achieve steady performance growth, continue to bring better returns to shareholders, and share the fruits of the Company's development.
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SOURCE AAC Technologies Holdings Inc.
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