2020 3Q results
Release time：12:53:24,November 13,2020
Revenue of RMB 4.52B and net profit of RMB 430M for Q3 2020
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- Optics: continued growth trend, steady improvement in gross profit margin;
- Acoustics: new speaker module to be launched;
- Electromagnetic drives: continued growth momentum in Android market share;
- MEMS: positive industry outlook enables business growth
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Product line management in place; organizational transformation to maximize long-term value for shareholders
(13 November 2020, Hong Kong) AAC Technologies Holdings Inc. has announced today its Q3 unaudited results ended 30 September 2020, reporting revenue of approximately RMB4.52 billion and net profit of approximately RMB430 million. For the first nine months of 2020, revenue stood at RMB12.4 billion and net profit was RMB750 million.
The attached Results Announcement has been published on the HKEX and the Company’s websites, www.aactechnologies.com.