AAC TECH (02018) has announced its interim results for the six months ended June 30, 2026, posting revenue of RMB 14.506 billion, an increase of 8.9% year-on-year. Net profit reached RMB 901 million, up 2.9% compared to the same period last year, with basic earnings per share of RMB 0.79.

The group remains committed to innovation as its foundation, accurately capturing industry trends and accelerating the research, development, and delivery of new on-device AI products. Revenue hit a record high of RMB 14.51 billion, representing an 8.9% year-on-year increase, with the acoustics and electromagnetic drive businesses, automotive acoustics segment, and thermal management operations contributing the primary growth drivers.

Gross margin improved by 1.7 percentage points year-on-year to 22.4%, benefiting from an enhanced product mix and higher operational efficiency. While reported net profit rose 2.9% to RMB 901 million, the growth rate for the first half of 2026 reached 37.4% after excluding other gains and losses related to fair value changes.

During the reporting period, the group generated net operating cash inflows of RMB 1.91 billion. Cash conversion cycle improved by 30 days compared to June 30, 2025, bringing it to under 20 days, reflecting continued enhancements in operational efficiency. Capital expenditure stood at RMB 1.23 billion, and as of June 30, 2026, cash on hand (including short-term time deposits) amounted to RMB 7.07 billion.

The group will continue to boost operational efficiency while maintaining a prudent capital expenditure policy. The strong operating cash inflows generated will support the company's long-term healthy development and ongoing innovation initiatives.