2019 Annual Revenue of RMB17.9B and Net Profit of RMB2.2B

Release time:01:00:01,March 25,2020

2019 Annual Revenue of RMB17.9B and Net Profit of RMB2.2B;

All segment developments as scheduled:

- Strong YoY revenue growth in optics, WLG mass production on track;

- More advanced SLS versions in acoustics;

- Increase EMD smartphone penetration, widen applications in new markets;

- Optimize MEMs microphones design specs, broaden sales channels

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Amid signs of short term recession, management priorities:

 financial discipline, customers, operations efficiency and technologies

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Remain positive on 5G and smart devices demand outlook

 

(25 March 2020, Hong Kong) AAC Technologies Holdings Inc. has today announced its final results for the year ended 31st December 2019, reporting revenue of RMB17.9 billion and net profit of RMB2.2 billion.


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