Core Insights - AAC Technologies (瑞声科技) reported a record revenue of RMB 13.32 billion for the first half of 2025, representing an 18.4% year-on-year growth [1] - The automotive acoustics segment generated RMB 1.74 billion in revenue, with a year-on-year increase of 14.2% and a gross margin of 23.9% [1] Group 1: Automotive Business Expansion - The company is extending its system integration capabilities from the mobile phone sector to the automotive industry, aiming to establish automotive acoustics as a significant growth driver [3] - Following the acquisition of PSS in 2024, AAC Technologies announced the acquisition of Hebei Chuguang Automotive Parts Co., which specializes in smart microphones and sensors, achieving over 55% market share in the domestic market and over 26% globally [3] - The automotive acoustics business now accounts for over 13% of the company's total revenue, with plans to expand from components to brand system products [3] Group 2: Strategic Partnerships and Product Development - AAC Technologies is collaborating with various automotive brands, including Zeekr and Xiaomi, to develop high-end in-car audio systems [1][3] - The company will showcase its full-stack automotive acoustic systems and other technologies at the upcoming Munich Auto Show, highlighting its commitment to innovation in the automotive sector [3] - Management indicated that through acquisitions, the company has quickly integrated into leading OEMs in Europe and China, becoming a Tier 1 supplier with stable revenue and gross margin growth [3]
瑞声科技上半年车载声学增收至17.4亿元，“第二曲线”增量贡献强劲