Core Viewpoint - Zhongyin International's report indicates that AAC Technologies (02018) experienced an 18% year-on-year revenue growth to 13 billion RMB, with a gross margin of 20.7% and a significant net profit increase of 62% to 871 million RMB. The management's optimistic guidance for the second half of the year exceeds market expectations, anticipating a strong quarterly rebound in gross margin due to the launch of several high-end projects and a substantial recovery in operational leverage [1] Group 1 - The target price for AAC Technologies has been slightly raised from 62.6 HKD to 62.9 HKD, maintaining a price-to-earnings ratio of 22 times for the 2026 forecast, with a "Buy" rating upheld [1] - The company is expected to benefit from its leading position in acoustic and haptic technology, as well as successful advancements in optical and precision structural components over the years [1] - The integration of AAC Technologies' capabilities across optical, acoustic, and structural components is projected to facilitate rapid expansion in emerging markets such as automotive, XR, and robotics [1]