AAC Technologies Holdings Inc. (HKEX:2018) Annual Report 2021



The latest annual report of AAC Technologies Holdings Inc. (2018) was published on 31 Dec 2021. An annual report is a document that public corporations must provide annually to shareholders that describes their operations and financial conditions. Typically, an annual report will contain sections such as General corporate information, Operating and Financial highlights, Letter to shareholders from the CEO, Financial statements etc.

Key Statistics - 2018 Annual Results

Amounts in CNY

Total Revenue
17.67B
Gross Profit
4.36B
EBIT
1.49B
Net Tangible Assets
21.33B
Net Income
1.32B
Capital Expenditures
-3.34B

2018 Income Statement 2021 Annual Report

As per the latest Income Statement of 2018, the Net revenue increased by ¥526.75M (3%) compared to the previous period. The operating income in 2021 increased by ¥135.34M (10%). The net income as per the annual report was 1.32B which decreased by ¥-190.43M (-13%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue17.67B17.14B
Gross Profit4.36B4.23B
Operating Income1.49B1.35B
Income Before Tax1.41B1.65B
Net Income1.32B1.51B

Balance Sheet - 2018 2021 Annual Report

Read further: 2018 Balance Sheet Detailed Analysis

The latest balance sheet from annual result of AAC Technologies Holdings Inc. showed the company reduced the cash on balance sheet by ¥-1.488958B (-20%). The Net tangible assets of 2018 on the balance sheet were at 21.33B which is ¥637.57M (3%) more than previous annual report. The total stockholder equity also increased by ¥651.92M (3%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash6.05B7.54B
Total Assets42.02B 38.91B
Long Term Debt6.92B5.07B
Total Liabilities19.52B 17.09B
Total Shareholder Equity21.81B21.16B
Net Tangible Assets21.33B20.7B

Cash Flow Statement - 2018 2021 Annual Report

The 2021 annual cash flow statement of AAC Technologies Holdings Inc. showed that the net income decreased by ¥-190.43M (-13%) compared to previous reporting period. Also the capital expenditure of 2018 increased by ¥906.90M (21%).

As of 2021, the total cash from investing activities was -4.25B and total cash from financing activities was 612.91M.

Cash Flow Statement Report (2021/2020)

20212020
Net Income1.32B1.51B
Capital Expenditures-3.34B-4.25B
Dividends Paid-403.25M-106.81M
Total Cash From From Investing Activities-4.25B-3.26B
Total Cash From From Financing Activities612.91M2.58B

AAC Technologies Holdings Inc. Annual Report History

Income Statement

Income Statement history of AAC Technologies Holdings Inc. (HKEX:2018)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Total Revenue17.67B17.14B17.88B18.13B
Cost Of Revenue13.3B12.91B12.78B11.39B
Gross Profit4.36B4.23B5.11B6.74B
Research Development1.73B1.92B1.72B1.51B
Selling General Administrative1.15B957.29M918.13M966.2M
Non Recurring----
Other Operating Expenses----
Total Operating Expenses16.18B15.79B15.41B13.87B
Operating Income1.49B1.35B2.47B4.26B
Total Other Income Expense Net-72.4M297.66M80.81M45.59M
Ebit1.49B1.35B2.47B4.26B
Interest Expense-348.52M-338.55M-248.21M-217.89M
Income Before Tax1.41B1.65B2.55B4.31B
Income Tax Expense119.77M146.57M330.05M514.42M
Minority Interest691.33M662.09M9.8M9.8M
Net Income From Continuing Ops1.29B1.5B2.22B3.8B
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income1.32B1.51B2.22B3.8B
Net Income Applicable To Common Shares1.32B1.51B2.22B3.8B

Balance Sheet Statement

Balance Sheet Statement history of AAC Technologies Holdings Inc. (HKEX:2018)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Cash6.05B7.54B5.51B4.13B
Net Receivables5.66B4.85B5.31B4.21B
Inventory5.7B4B3.66B3.32B
Other Current Assets545.51M468.17M325.3M309.51M
Total Current Assets17.95B16.85B14.81B11.99B
Long Term Investments902.77M352.01M350.74M189.84M
Property Plant Equipment22.02B20.49B17.98B15.44B
Good Will220.35M164.35M164.35M164.35M
Intangible Assets255.65M297.29M341.01M262.33M
Other Assets667.55M760M561.06M1.83B
Deferred Long Term Asset Charges211.04M95M--
Total Assets42.02B38.91B34.21B29.87B
Accounts Payable4.3B3.73B4.04B3.28B
Short Long Term Debt2.92B3.37B1.88B3.49B
Other Current Liab1.64B1.34B1.15B995.55M
Long Term Debt6.92B5.07B6.55B2.43B
Other Liab2.48B2.32B274.33M189.45M
Deferred Long Term Liab128.11M76.07M92.88M104.28M
Minority Interest691.33M662.09M9.8M-
Total Current Liabilities9.67B9.38B7.71B8.32B
Total Liab19.52B17.09B14.85B10.94B
Common Stock98.14M98.14M98.14M98.91M
Retained Earnings21.89B20.98B19.08B18.72B
Treasury Stock-181.8M84.56M168.26M80.32M
Other Stockholder Equity29.41M84.56M168.26M159.52M
Total Stockholder Equity21.81B21.16B19.35B18.93B
Net Tangible Assets21.33B20.7B18.85B18.51B

Cash Flow Statement

Cash Flow Statement history of AAC Technologies Holdings Inc. (HKEX:2018)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Net Income1.32B1.51B2.22B3.8B
Depreciation2.69B2.47B2.16B1.74B
Change To Netincome301.13M135.65M166.26M74.3M
Change To Account Receivables-795.51M160.06M-1.08B2.83B
Change To Liabilities409.16M-183.98M716.79M-1.75B
Change To Inventory-1.73B-469.62M-378.97M57.4M
Change To Operating Activities-9.64M-33.73M9.78M12.24M
Total Cash From Operating Activities2.2B3.59B3.84B6.79B
Capital Expenditures-3.34B-4.25B-2.81B-4.03B
Investments-585.65M700.13M-680.97M580.53M
Other Cashflows From Investing Activities-129.56M144.18M160.97M-9.78M
Total Cashflows From Investing Activities-4.25B-3.26B-3.39B-3.6B
Dividends Paid-403.25M-106.81M-1.53B-2.18B
Net Borrowings1.46B205.5M2.31B-555.2M
Other Cashflows From Financing Activities-228.55M2.48B-246.28M-232.18M
Total Cash From Financing Activities612.91M2.58B255M-3.25B
Effect Of Exchange Rate-52.12M-186.73M51.49M81.49M
Change In Cash-1.49B2.73B755.4M24.87M
Repurchase Of Stock-211.21M-211.21M-277.46M-277.86M