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          MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  AAC Technologies Holdings Inc.    2018   KYG2953R1149

          AAC TECHNOLOGIES HOLDINGS INC.

          (2018)
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          AAC Technologies' 1Q Net Profit Slumps on Production Shutdown

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          05/15/2020 | 12:55am EDT

          By Yifan Wang

          AAC Technologies Holdings Inc. (2018.HK) said first-quarter net profit slumped 88% as the coronavirus pandemic shut down production and sharply inflated costs.

          Net profit for the January-to-March period fell to 52.7 million yuan ($7.4 million) from CNY431.9 million a year earlier, the smartphone component maker said Friday.

          Revenue fell 5.1% to CNY3.56 billion, mainly dragged by a 24% drop in revenue from its acoustics business.

          The net profit decline outpaced the drop in rvenue because of a significantly lower net profit margin, which fell 10.0 percentage points from a year earlier to 1.5%.

          The severely weakened profitability was a result of most factories shutting down to contain the coronavirus pandemic, the company said.

          Additional spending on masks and other pandemic-prevention measures further increased costs when production resumed, it said.

          Write to Yifan Wang at yifan.wang@wsj.com

           

          Stocks mentioned in the article
          ChangeLast1st jan.
          AAC TECHNOLOGIES HOLDINGS INC. -4.01% 57.45 End-of-day quote.-15.51%
          LETS HOLDINGS GROUP CO., LTD. -10.04% 10.22 End-of-day quote.69.21%
          LOOK HOLDINGS INCORPORATED -2.20% 712 End-of-day quote.-43.13%
          THE NEW HOME COMPANY INC. -2.52% 4.25 Delayed Quote.-8.80%
          UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) 0.16% 7.0145 Delayed Quote.0.79%
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          Financials
          Sales 2020 19 114 M 2 725 M 2 725 M
          Net income 2020 2 164 M 308 M 308 M
          Net cash 2020 311 M 44,3 M 44,3 M
          P/E ratio 2020 29,1x
          Yield 2020 1,15%
          Capitalization 62 828 M 8 956 M 8 958 M
          EV / Sales 2019
          EV / Sales 2020 3,27x
          Nbr of Employees 39 385
          Free-Float 58,6%
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          Technical analysis trends AAC TECHNOLOGIES HOLDINGS
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          TrendsBullishNeutralNeutral
          Income Statement Evolution
          Consensus
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          Mean consensus HOLD
          Number of Analysts 29
          Average target price 48,18 CNY
          Last Close Price 51,99 CNY
          Spread / Highest target 56,2%
          Spread / Average Target -7,33%
          Spread / Lowest Target -47,3%
          EPS Revisions
          Managers
          NameTitle
          Zheng Min Pan Chief Executive Officer & Executive Director
          Hong Jiang Zhang Chairman
          Jack Duan Chief Operating Officer
          Kaitai Pan Chief Innovation Officer
          Chun Yuan Wu Non-Executive Director
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