Core Viewpoint - Citigroup's report indicates that AAC Technologies' mid-term net profit reached 876 million yuan, representing a year-on-year growth of 63%, which is broadly in line with the bank's and market expectations [1] Business Performance - All business segments achieved revenue in accordance with the company's prior guidance [1] - The optical business recorded a year-on-year increase in gross margin, primarily driven by an improvement of over 10 percentage points in the gross margin of plastic lenses [1] Investment Recommendation - Citigroup has set a target price of 45 HKD for AAC Technologies, which corresponds to a projected price-to-earnings ratio of approximately 20 times for the year [1] - The rating for AAC Technologies is "Buy" [1]
大行评级｜花旗：瑞声科技中期业绩符合预期 予其“买入”评级及目标价45港元