Golden Ten Data, February 18th News, Zhongjin released a research report stating that it maintains a “outperform” rating on AAC Technologies (02018.HK), considering the upward shift of the industry valuation driven by edge AI, and raising its target price by 41% to 52.15 Hong Kong dollars. The bank believes that AAC Technologies’ performance last year rose significantly. The company announced with joy that the expected net profit last year is expected to be between 1.7 billion and 1.815 billion yuan, a rise of 130% to 145% year-on-year, in line with the bank’s and market expectations. The bank raised its forecast for the company’s net profit in 2024 and 2025 by 12% and 25%, respectively to 1.75 billion and 2.3 billion yuan, and introduced revenue and net profit forecasts for 2026 of 34.51 billion and 2.71 billion yuan.
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