On July 16, AAC Technologies rose 5.92% in regular trading, trading at HK$40.74/share, with turnover of HK$77.93 million.

On the news front, Apple's first foldable iPhone has entered mass production, with inventory targets raised from the previous 7-8 million units to approximately 10 million units. AAC Technologies, as a tier-1 supplier, provides ultra-thin speakers, linear motors, and thermal management components for the device. Additionally, the company has conducted buybacks for 10 consecutive trading days since July 2, cumulatively spending HK$122 million to repurchase 3.1 million shares. During this buyback period, the stock had declined approximately 9.79%, suggesting the current rebound may be linked to oversold recovery combined with buyback support.

Furthermore, Huatai Securities previously raised its target price for the company to HK$60, maintaining a Buy rating, citing expectations that AAC Technologies will continue to benefit from the smart hardware upgrade wave driven by AI edge-side hardware acceleration, sustained thermal management growth, and XR optics scaled shipments.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)