AAC Technologies' (HKG:2018) net profit surged 143% year on year o about 1.80 billion yuan in 2024 from 740 million yuan in 2023, according to a Thursday filing with the Hong Kong bourse.
Earnings per share at the miniature acoustic components maker soared to 1.53 yuan from 0.63 yuan a year earlier. Analysts at Visible Alpha estimated EPS at 1.46 yuan.
Revenue grew 34% to 27.33 billion yuan from 20.42 billion yuan in the previous year. Visible Alpha analysts forecast revenue at 26.4 billion yuan.
The company declared a final dividend of HK$0.24 per share, payable June 19 to shareholders on record as of May 30.
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