AAC Technologies Holdings Inc.

2018
Passed

Company Overview

AAC Ruisheng Technology is a leader in sensory experience solutions, with the corporate goal of building the future of sensory experience technology. Ruisheng Technology adheres to technological innovation and focuses on the global layout. After decades of deep industry cultivation, we have established close, long-term, and stable strategic cooperative relationships with domestic and foreign end customers, and have strong comprehensive competitiveness in the fields of acoustics, optics, touch, sensors, semiconductors, and precision manufacturing. Ruisheng Technology's mission is to create a better sensory experience for the world, and its vision is to create diversified values and become a leader in experiential technology. In terms of sensory science, Ruisheng Technology continues to innovate, create all kinds of new interactive experiences, and inject new vitality into the industry. In the future, Ruisheng Technology will continue to make efforts in various industries such as smartphones, smart cars, virtual reality, augmented reality, and smart homes, creating a new era of perception and experience.

Country
HK
Market Cap
$3.57B
Last Fiscal Year
2023
Final Shariah Status
Passed
Compliance Analysis Overview

Shariah Compliance Benchmarks:

  • Business Compliance: Non-Shariah compliant revenue must be less than 5% of total revenue
  • Liabilities Compliance: Interest-bearing debt must be less than 33% of market capitalization
Business Compliance
1.00% passed
5% Threshold
1.0%
Liabilities Compliance
26.88% passed
33% Threshold
26.9%
Final Shariah Status
Passed

This stock meets all Shariah compliance criteria according to AAOIFI standards.

Stock Information
Name AAC Technologies Holdings Inc.
Ticker 2018
Main Business Communication Equipment
Type Common Stock
Industry Communication Equipment
Country HK
Market Cap $3.57 B

Shariah Analysis Breakdown

Business compliance Breakdown
Revenue Segment Value ($M) Non-Compliant ($M) Reason
Revenue $20,419.1 $0.0 -
Interest income $207.8 $207.8 -
Total $20,626.9 $207.8 1.00% (passed)
Liabilities Compliance Breakdown
Liability Item Value ($M) % of Market Cap
bank loans and overdrafts $204,481,792.7 5.73%
long term bank loan $242,296,918.8 6.79%
convertible notes and bonds $512,605,042.0 14.36%
Total Interest-Bearing Debt $959,383,753.5 26.88%
Market Capitalization $3,569,230,769.2 100.00%
Compliance Status Threshold: 33% passed