August 20, 2026 05:12 PM GMT AAC Technologies Holdings | Asia Pacific M Update Optics a Key Drag in 1H26, Sequential Recovery Highly Likely in 2H26 AlphaSignals Earnings Reaction Unchanged Modest shortfall Modest revision lower Impact to our thesis Financial results versus consensus Direction of next 12-month consensus EPS Source: Company data, Morgan Stanley Research Key Takeaways Revenue grew 8.9% YoY; reported net profit of Rmb901mn (+2.9% YoY) missed consensus by 9%. Excluding fair value adjustments, re ...