瑞声科技：FY25 in-line; auto/thermal/edge AI and margin recovery to drive earnings growth in 2026-27E-20260323

Earnings Summary Source: Company data, Bloomberg, CMBIGM estimates 23 Mar 2026 CMB International Global Markets | Equity Research | Company Update AAC Tech (2018 HK) AAC Tech (2018 HK) - FY25 in- FY25 in earnings growth in 2026-27E -line; auto/thermal/edge AI and margin recovery to drive earnings growth in 2026-27E AAC's FY25 revenue/net profit (+16%/+40% YoY) are broadly in-line with our/consensus estimates, driven by improving profitability in optics and robust growth in auto/thermal businesses, despite w ...