not vested
AAC plays it by ear even as good times roll onMainland miniature components maker AAC Technologies (2018) said
net profit in the first three quarters surged 65 percent from a year earlier to 1.97 billion yuan (HK$2.5 billion) due to
rising prices for its acoustic products.But executive director Richard Mok Joe-kuen cautioned the firm
will face pressure on its profit margin this quarter amid spending to win a greater share of the market.
Total revenue for the Shenzhen-based firm
jumped 38 percent to 5.9 billion yuan. But the gross profit margin slipped one percentage point
to 42.7 percent.For the third quarter alone, recurring net profit hit 607 million yuan, up 12 percent after netting out the one-off 240 million yuan fair value gain on disposal of an affiliate firm.
Mok said the firm will produce more of its traditional acoustic component products for the
middle and lower-end markets.
It is now a key supplier to smartphone and tablet makers such as
Apple Inc, Xiaomi, Huawei and ZTE.
The firm's top three clients accounted for 74 percent of total revenue for the nine months.
Its non-acoustic products made up 5 percent of the firm's total revenue last quarter.
AAC shares slid 5.4 percent yesterday following the announcement of its results, closing at HK$33.45.
http://www.thestandard.com.hk/news_deta ... 31105&fc=2
It's all about "how much you made when you were right" & "how little you lost when you were wrong"