Stock Track | AAC Technologies Soars After Robust Interim Results

Stock Track08-22

Shares of AAC Technologies Holdings Inc. surged 5.19% on Wednesday after the company reported strong financial results for the first half of 2024.

The Hong Kong-listed acoustics components maker posted a net profit of RMB 537 million for the six months ended June 30, driven by a 22% year-over-year increase in revenue to RMB 11.247 billion.

The solid interim performance underscores AAC Technologies' resilience amid challenging market conditions, fueling investor optimism and propelling the stock higher in intraday trading.

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