EarningsQ4 2025 Earnings Report
DE:A2X Q4 2025 EPS Results
Actual EPS€0.18
Consensus EPS€0.18
Beat/MissBeat by +<€0.01
One Year Ago EPS€0.13
DE:A2X Q4 2025 Revenue Results
Actual Revenue€2.32B
Expected Revenue€2.39B
Beat/MissMissed by -€72.19M
YoY Revenue Growth+15.91%
Earnings Announcement Details
QuarterQ4 2025
Date03/19/2026
TimeBefore Open
Conference CallThursday, March 19, 2026
DE:A2X Upcoming Earnings
AAC Technologies's next earnings date is estimated for March 25, 2027, based on past reporting schedules.
Q4 2025 Earnings Call Audio
DE:A2X Q4 2025 Earnings Call
0:00 / 0:00
Q4 2025 Earnings Slide Deck
Q4 2025 Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized multiple strong financial and operational accomplishments — double‑digit revenue growth, substantial net profit and cash flow expansion, rapid growth in EMD/PM and heat‑dissipation, major optics and sensor wins, and strategic M&A to enter data center cooling. Noted challenges include margin pressure in acoustics and optics modules, industry headwinds in smartphone shipments and memory volatility, and uncertain commercialization timelines for robotics/AR. On balance, the positive revenue, profitability, cash generation, and strategic diversification materially outweigh the issues highlighted.Company Guidance
Strong Revenue and Profit Growth
Group revenue of RMB 31.82 billion in 2025, up 16.4% year‑on‑year; gross profit RMB 7.02 billion, up 16% YoY; group gross profit margin 22.1% (flat YoY); net profit RMB 2.51 billion, up 39.8% YoY.
Robust Cash Generation and Healthy Balance Sheet
Operating cash inflow RMB 7.18 billion, up 38.1% YoY; free cash flow RMB 4.88 billion, up 65.1% YoY; cash and cash equivalents RMB 8.61 billion, up ~14.2% YoY; net gearing 2.1%, down ~1.7 percentage points.
EMD/PM and Heat Dissipation Surge
Combined EMD and PM revenue RMB 11.77 billion (H2 revenue RMB 7.14 billion, H2 +17.6%); heat dissipation business revenue RMB 1.67 billion, up over 400% YoY; first fully automated production line implemented to raise manufacturing efficiency and yield.
Optics: Move into High‑end Components and Volume Wins
Optics revenue RMB 5.73 billion in 2025; shipments of 7‑element lenses (7P and hybrid) around 15 million units; hybrid/7P and periscope modules reached milestones (periscope achieved mass shipments); modules ≥32MP accounted for >40%; OIS module shipments nearly doubled.
Sensor & Semiconductor Rapid Expansion
Sensor and Semiconductor revenue RMB 1.57 billion, up 103.1% YoY driven by increased market share of higher SNR microphones and mass production wins with major customers.
Automotive Acoustics Momentum and Premium Wins
Automotive acoustics revenue RMB 4.11 billion, up 16.1% YoY with gross margin 23.8%; positioned as a leading automotive audio supplier (second to Harman and Bose) and supplied a premium 9.2.4.8n system for Zeekr 9X; management targets sustained double‑digit annual growth for the segment.
Strategic M&A and Diversification into Data Center Cooling
Acquisitions (Hebei First Light and majority stake in Far East/liquid cooling business ~51–55%) broaden capabilities into digital microphones, liquid cooling and data center cooling, accelerating entry into high‑growth adjacent markets.
Production Scale, Technical Wins and Long‑term Opportunities
Hybrid lens shipments exceeded 10 million units; VC heat dissipation shipments CAGR nearly 90% (2020–2025); vertical integration enabling end‑to‑end optics/waveguide offers high‑ASP opportunities (targeting AR/AI wearables and light engines with expected high unit values).
DE:A2X Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed