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)

2021 2020
Total Revenue 17.67B 17.14B
Gross Profit 4.36B 4.23B
Operating Income 1.49B 1.35B
Income Before Tax 1.41B 1.65B
Net Income 1.32B 1.51B

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)

2021 2020
Cash 6.05B 7.54B
Total Assets 42.02B 38.91B
Long Term Debt 6.92B 5.07B
Total Liabilities 19.52B 17.09B
Total Shareholder Equity 21.81B 21.16B
Net Tangible Assets 21.33B 20.7B

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)

2021 2020
Net Income 1.32B 1.51B
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 Activities 612.91M 2.58B

AAC Technologies Holdings Inc. Annual Report History

Income Statement

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

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Total Revenue 17.67B 17.14B 17.88B 18.13B
Cost Of Revenue 13.3B 12.91B 12.78B 11.39B
Gross Profit 4.36B 4.23B 5.11B 6.74B
Research Development 1.73B 1.92B 1.72B 1.51B
Selling General Administrative 1.15B 957.29M 918.13M 966.2M
Non Recurring - - - -
Other Operating Expenses - - - -
Total Operating Expenses 16.18B 15.79B 15.41B 13.87B
Operating Income 1.49B 1.35B 2.47B 4.26B
Total Other Income Expense Net -72.4M 297.66M 80.81M 45.59M
Ebit 1.49B 1.35B 2.47B 4.26B
Interest Expense -348.52M -338.55M -248.21M -217.89M
Income Before Tax 1.41B 1.65B 2.55B 4.31B
Income Tax Expense 119.77M 146.57M 330.05M 514.42M
Minority Interest 691.33M 662.09M 9.8M 9.8M
Net Income From Continuing Ops 1.29B 1.5B 2.22B 3.8B
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 1.32B 1.51B 2.22B 3.8B
Net Income Applicable To Common Shares 1.32B 1.51B 2.22B 3.8B

Balance Sheet Statement

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

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Cash 6.05B 7.54B 5.51B 4.13B
Net Receivables 5.66B 4.85B 5.31B 4.21B
Inventory 5.7B 4B 3.66B 3.32B
Other Current Assets 545.51M 468.17M 325.3M 309.51M
Total Current Assets 17.95B 16.85B 14.81B 11.99B
Long Term Investments 902.77M 352.01M 350.74M 189.84M
Property Plant Equipment 22.02B 20.49B 17.98B 15.44B
Good Will 220.35M 164.35M 164.35M 164.35M
Intangible Assets 255.65M 297.29M 341.01M 262.33M
Other Assets 667.55M 760M 561.06M 1.83B
Deferred Long Term Asset Charges 211.04M 95M - -
Total Assets 42.02B 38.91B 34.21B 29.87B
Accounts Payable 4.3B 3.73B 4.04B 3.28B
Short Long Term Debt 2.92B 3.37B 1.88B 3.49B
Other Current Liab 1.64B 1.34B 1.15B 995.55M
Long Term Debt 6.92B 5.07B 6.55B 2.43B
Other Liab 2.48B 2.32B 274.33M 189.45M
Deferred Long Term Liab 128.11M 76.07M 92.88M 104.28M
Minority Interest 691.33M 662.09M 9.8M -
Total Current Liabilities 9.67B 9.38B 7.71B 8.32B
Total Liab 19.52B 17.09B 14.85B 10.94B
Common Stock 98.14M 98.14M 98.14M 98.91M
Retained Earnings 21.89B 20.98B 19.08B 18.72B
Treasury Stock -181.8M 84.56M 168.26M 80.32M
Other Stockholder Equity 29.41M 84.56M 168.26M 159.52M
Total Stockholder Equity 21.81B 21.16B 19.35B 18.93B
Net Tangible Assets 21.33B 20.7B 18.85B 18.51B

Cash Flow Statement

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

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Net Income 1.32B 1.51B 2.22B 3.8B
Depreciation 2.69B 2.47B 2.16B 1.74B
Change To Netincome 301.13M 135.65M 166.26M 74.3M
Change To Account Receivables -795.51M 160.06M -1.08B 2.83B
Change To Liabilities 409.16M -183.98M 716.79M -1.75B
Change To Inventory -1.73B -469.62M -378.97M 57.4M
Change To Operating Activities -9.64M -33.73M 9.78M 12.24M
Total Cash From Operating Activities 2.2B 3.59B 3.84B 6.79B
Capital Expenditures -3.34B -4.25B -2.81B -4.03B
Investments -585.65M 700.13M -680.97M 580.53M
Other Cashflows From Investing Activities -129.56M 144.18M 160.97M -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 Borrowings 1.46B 205.5M 2.31B -555.2M
Other Cashflows From Financing Activities -228.55M 2.48B -246.28M -232.18M
Total Cash From Financing Activities 612.91M 2.58B 255M -3.25B
Effect Of Exchange Rate -52.12M -186.73M 51.49M 81.49M
Change In Cash -1.49B 2.73B 755.4M 24.87M
Repurchase Of Stock -211.21M -211.21M -277.46M -277.86M