Also trades as: AACAY (OTC) · $vol 0M · AACAF (OTC) · $vol 0M

HK$38.64 ($4.92)

-0.78 (-1.98%)

Weekly Expected Move ±4.9%

HK$36 HK$38 HK$39 HK$41 HK$43

HKSE · Technology · Hardware, Equipment & Parts · Tech Score Sell · Power 34 · HK$45.6B mcap · 724M float · 0.859% daily turnover

Revenue

$31.0B +13.4% ▲

5Y CAGR: +12.6%

Gross Profit

$6.5B +8.3% ▲

5Y CAGR: +9.1%

Operating Income

$2.5B +32.9% ▲

5Y CAGR: +13.5%

Net Income

$2.4B +36.2% ▲

5Y CAGR: +10.2%

EPS (Diluted)

$2.12 +38.6% ▲

5Y CAGR: +11.1%

EBITDA

$5.5B +15.6% ▲

5Y CAGR: +8.5%

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$17.7B	$20.6B	$20.4B	$27.3B	$31.0B
YoY Growth	+3.1%	+16.7%	-1.0%	+33.8%	+13.4%
Cost of Revenue	$13.3B	$16.9B	$17.0B	$21.3B	$24.5B
Gross Profit	$4.4B	$3.8B	$3.5B	$6.0B	$6.5B
Gross Margin	24.7%	18.3%	16.9%	22.1%	21.1%
R&D Expenses	$1.7B	$1.6B	$1.6B	$2.2B	$2.0B
SG&A Expenses	$1.2B	$1.5B	$1.4B	$1.9B	$2.1B
Operating Expenses	$2.9B	$2.6B	$2.7B	$4.1B	$4.0B
Operating Income	$1.5B	$672M	$346M	$1.9B	$2.5B
Operating Margin	8.4%	3.3%	1.7%	6.9%	8.1%
Interest Expense	$415M	$403M	$391M	$417M	$385M
Income Before Tax	$1.4B	$861M	$823M	$2.0B	$2.8B
Tax Expense	$120M	$231M	$252M	$227M	$338M
Net Income	$1.3B	$821M	$740M	$1.8B	$2.4B
Net Margin	7.5%	4.0%	3.6%	6.6%	7.9%
EPS (Diluted)	$1.09	$0.66	$0.60	$1.53	$2.12
EBITDA	$4.0B	$4.3B	$4.2B	$4.7B	$5.5B
Shares Outstanding	1.21B	1.20B	1.18B	1.18B	1.15B

Line Item	FY2022 Q4	FY2023 Q2	FY2023 Q4	FY2024 Q2	FY2024 Q4	FY2025 Q2	FY2025 Q4	FY2026 Q2
Revenue	$11.2B	$9.2B	$11.2B	$11.2B	$16.1B	$6.7B	$18.5B	$14.3B
Cost of Revenue	$9.2B	$7.9B	$9.0B	$8.8B	$12.5B	$5.3B	$14.2B	$11.3B
Gross Profit	$2.0B	$1.3B	$2.2B	$2.4B	$3.6B	$1.4B	$4.3B	$3.0B
Gross Margin	17.8%	14.1%	19.2%	21.5%	22.5%	20.7%	23.0%	21.1%
R&D Expenses	$893M	$675M	$505M	$949M	$1.1B	$499M	$1.5B	$1.0B
SG&A Expenses	$823M	$651M	$770M	$857M	$1.1B	$490M	$1.1B	$1.1B
Operating Expenses	$1.4B	$1.0B	$890M	$1.8B	$2.2B	$989M	$2.6B	$2.1B
Operating Income	$350M	-$29M	$486M	$612M	$1.5B	$388M	$1.6B	$947M
Operating Margin	3.1%	-0.3%	4.3%	5.4%	9.1%	5.8%	8.9%	6.6%
Interest Expense	$0	$0	$0	$127M	$91M	$48M	$205M	$211M
Income Before Tax	$436M	$175M	$648M	$628M	$1.4B	$517M	$1.9B	$1.0B
Tax Expense	$89M	$127M	$62M	$112M	$115M	$81M	$186M	$94M
Net Income	$471M	$150M	$590M	$537M	$1.3B	$438M	$1.6B	$889M
Net Margin	4.2%	1.6%	5.3%	4.8%	7.8%	6.6%	8.8%	6.2%
EPS (Diluted)	$0.39	$0.13	$0.50	$0.46	$1.07	$0.38	$1.42	$0.78
EBITDA	$1.7B	$1.4B	$1.8B	$2.0B	$2.7B	$1.1B	$3.1B	$2.4B
Shares Outstanding	1.20B	1.19B	1.18B	1.18B	1.18B	1.16B	1.15B	1.14B

2018.HK HKSE