Daiwa Capital Markets has issued a research report assigning an investment rating of "Buy" to AAC TECH (02018) with a target price of HK$41. The report indicated that AAC TECH delivered a solid performance in the second half of last year, with attributable net profit reaching RMB 1.636 billion, representing a year-on-year increase of 29.8% and a quarter-on-quarter surge of 86.9%, exceeding the firm's and market consensus estimates by 8.7% and 4.1%, respectively. Full-year revenue amounted to RMB 31.817 billion, a 16.4% increase compared to the previous year, while full-year attributable net profit was RMB 2.512 billion, marking a significant year-on-year growth of 39.8%.