Group 1 - The core viewpoint of the report is that the company maintains a "Buy" rating for AAC Technologies (02018) with a target price of HKD 55.56, following its acquisition of AR diffraction waveguide technology leader Dispelix to deepen its layout in the "AI + Perception" field [1] - The acquisition of Dispelix is expected to be completed in the first half of 2026, which will combine Dispelix's expertise in waveguide design and manufacturing with the company's strengths in optics, precision manufacturing, and system-level integration, creating strong synergies [1][2] - The company aims to build a new paradigm for smart terminals around "AI + Perception," continuously driving product innovation in smartphones, wearable devices, and smart cars, thereby expanding its development space [2] Group 2 - The company has achieved breakthroughs in optical products, with the WLG single-mold comprehensive output increasing by 6-7 times after process and major equipment mold upgrades, significantly surpassing traditional technologies in yield, precision, and optical performance [3] - The newly developed 1G6PWLG lens and super-light-gathering prism have been adopted in mainstream flagship models, showcasing superior optical performance, including larger apertures, higher resolution, and thinner lens thickness compared to traditional optical lenses [3] - The super-light-gathering prism, manufactured using the company's WLG integrated forming technology, increases light intake by 30%, enhancing the shooting effect of periscope telephoto lenses in complex lighting environments while reducing module size by 10%, thus compressing smartphone thickness [3]

Group 1 - The core point of the article is that AAC Technologies has been actively repurchasing its shares, with a total of 100 repurchase transactions this year, amounting to 28.12 million shares and a total expenditure of HKD 1.089 billion [1][4] - On December 31, the company repurchased 150,000 shares at a price range of HKD 39.080 to HKD 39.780, totaling HKD 5.9033 million [1] - The stock price closed at HKD 39.000 on the same day, reflecting a decrease of 0.56%, with a total trading volume of HKD 126 million [1] Group 2 - Since December 30, the company has conducted repurchases for two consecutive days, totaling 186,000 shares and an expenditure of HKD 7.3006 million [1] - The stock has seen a cumulative increase of 1.56% during this period [1] - The detailed repurchase history includes various dates, share quantities, and prices, indicating a consistent strategy to buy back shares at different price points [2][3]

Group 1 - The company, AAC Technologies (02018.HK), announced a share buyback plan, intending to repurchase 150,000 shares at a cost of HKD 5.9033 million [1] - The buyback price per share is set between HKD 39.08 and HKD 39.78 [1]

Group 1 - The company, AAC Technologies (02018), announced a share buyback plan, intending to repurchase 150,000 shares at a cost of HKD 5.9033 million [1] - The buyback is scheduled to be completed by December 31, 2025 [1] - This move indicates the company's strategy to enhance shareholder value through capital management [1]

公司名稱： 瑞聲科技控股有限公司（於開曼群島註冊成立之有限公司） 呈交日期： 2025年12月31日 FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 02018 | 說明 | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | 事件 | | 已發行股份（不包括庫存股份）變動 | 庫存股份變動 | | | | | | 已發行股份（不包括庫存股份）數 目 | 佔有關事 ...

Group 1 - The company, AAC Technologies Holdings Inc. (瑞声科技), announced a share buyback plan, intending to repurchase 36,000 shares at a total cost of HKD 1.3973 million [1] - The buyback is scheduled to be executed on December 30, 2025 [1] - This move indicates the company's strategy to enhance shareholder value through capital management [1]

Group 1 - The company, AAC Technologies (02018), announced a share buyback plan, intending to repurchase 36,000 shares at a total cost of HKD 1.3973 million [1]

格隆汇12月30日丨瑞声科技(02018.HK)发布公告，2025年12月30日耗资139.7万港元回购3.6万股，回购 价格每股38.56-39港元。 ...

表格類別： 股票 狀態： 新提交 公司名稱： 瑞聲科技控股有限公司（於開曼群島註冊成立之有限公司） 呈交日期： 2025年12月30日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 02018 | 說明 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | | 庫存股份變動 | | | | | 事件 | 已發行股份（不包 ...

Core Viewpoint - AAC Technologies (02018) has seen a nearly 3% increase in stock price, currently at 38.8 HKD, with a trading volume of 35.08 million HKD, indicating positive market sentiment towards the company [1] Group 1: Company Developments - AAC Technologies has successfully transitioned its AR device for core customers in the North American market from the conceptual phase to mass production, marking a significant milestone in its product development [1] - The AR device meets key market demands for high-quality display and lightweight design, positioning it well within the AR smart glasses market [1] Group 2: Industry Insights - The XR industry is shifting from a conceptual exploration phase to a structural growth phase, with North America identified as a major consumer region for XR technology [1] - According to CounterPoint Research, sales of AR smart glasses in North America have increased by 68% year-on-year as of Q2 2025, highlighting the growing demand in this sector [1] - AAC Technologies' entry into the core supply chain for AR in North America signifies its strengthened position in the rapidly expanding XR market [1]