在发现报告（www.fxbaogao.com），您可以找到海量的专业研报。作为国内用户量巨大的专业平台，我们覆盖了宏观、行业、公司等全方位内容，报告多到超乎您的想象。我们深知金融人的需求，用最简单的界面和最快的技术，帮您解决找资料难的问题。在这里，信息获取变得异常高效，让您轻松洞察市场，做出聪明的投资决定。
This is a company report on AAC Tech (02018 HK), a company in the telecommunications equipment sector. The report notes that the company's FY21 results were in line with previous profit estimates, with a 12.6% YoY decrease in shareholders' net profit. Revenue increased by 3.1% YoY, while gross margin remained flat. The report revises down revenue forecasts, expecting component shortages to persist in 1HFY22 but ease in 2HFY22. The report also expects the unit value of acoustics products in smartphones to increase, automotive acoustics to bring new growth, and x-axis haptics to gain more share in mid- to low-end markets. However, the report also notes that the optics business is expected to face pressure in terms of shipments and average selling prices due to fierce market competition and a lack of specification upgrades. The report revises down gross margin forecasts, expecting increased penetration of standard small cavity speaker modules to benefit the acoustics business, but intense market competition and weak market demand to still put pressure on the gross margin of the optics business.
