English | 简体中文 | 繁體中文 | 한국어 | 日本語
Monday, 10 September 2018, 19:16 HKT/SGT
Share:
AAC Technologies Named as One of "Asia's Fab 50 Companies" by Forbes for the 3rd Consecutive Year

HONG KONG, Sept 10, 2018 - (ACN Newswire) - AAC Technologies Holdings Inc. ("AAC Technologies" or "the Company;" HKEX: 02018) has been named as one of "Asia's Fab 50 Companies" by Forbes again in 2018, the third consecutive year that the company has earned the title.

In compiling the roster of "Asia's Fab 50 Companies," Forbes aims to highlight well-managed entrepreneurial enterprises: naming an honor roll of high-performing blue chips, Asia's "best of the best."

With its commitment in innovation and investment in R&D, AAC Technologies has built a portfolio of advanced technology platforms. As a world-leading total solutions provider, the Company utilizes the latest miniaturized technology components across acoustic, haptic and precision components, MEMS components and optics. As one of the top few companies who have consistently reinvested significant resources on R&D to build sustained technology roadmaps, its average R&D investment accounted for 7-8% of annual revenue. It has set up 15 R&D centers in the United States, Denmark, Finland, Singapore, Japan and South Korea and collaborates with many prominent universities and research institutions such as Stanford University, National University of Singapore Research Institute (Semiconductor), Chinese Academy of Sciences and Nanjing University. Leveraging the established research and technology platforms, it owns over 2,800 patents and over 2,100 patents are pending approval, covering core technologies in electronic products, successfully demonstrating its proprietary capabilities.

AAC Technologies has successful track record in continuously upgrading technological platforms and creating new designs. The Company has achieved outstanding financial performances throughout the years: Recapping historical financial reports, annual revenue achieved a CAGR of 30% for 15 years, reaching RMB21.1 billion in 2017, more than 50 times that of 2003. Also, its gross profit margin stood at over 40% for many years, and its net profit at RMB5.3 billion made it one of the top-performing companies among its Chinese peers. AAC Technologies was selected as a constituent stock of the Hang Seng Index since 2016, and its market capitalization is about RMB100 billion, a growth of about 30 times over its IPO in 2003.

About AAC Technologies Holdings Inc.
AAC Technologies is a constituent stock of the Hang Seng Index, Hang Seng Corporate Sustainability Index, Hang Seng (Mainland and Hong Kong) Corporate Sustainability Index, Hang Seng China (Hong Kong Listed) 25 Index, Hang Seng Composite LargeCap Index, Hang Seng Composite Industry Index (Information Technology), Hang Seng IT Hardware Index, MSCI China Index, MSCI China ESG Index and FTSE Hong Kong Index.

AAC Technologies is a total solution provider utilizing the latest miniaturized technology components across acoustic, haptic and precision components, MEMS components and optics. The Company is already an established leading global supplier of miniaturized acoustic components including a broad range of speakers, receivers and MEMS microphones. The Company delivers integrated solutions across multiple segments incorporating advanced proprietary technologies haptics vibrators, RF antennas and optical components. The Company's products are found in mobile devices such as smartphones, tablets, wearables, and PC notebooks. The Company is global in scope with research and development centers and has established sales offices in key markets serving a large number of geographically diverse customers in the mobile electronics market.

www.aactechnologies.com

For any other enquiries, please contact:

AAC Technologies Holdings Inc.
Eddie Kung
Head of Investor Relations
Tel: 852 3470 0079
Email: [email protected]

Ricky Man
Investor Relations Manager
Tel: 52 3470 0076
Email: [email protected]

For press enquiries:
Strategic Financial Relations Limited
Vicky Lee Tel: 852 2864 4834 Email: [email protected]
Cecilia Shum Tel: 852 2864 4890 Email: [email protected]
Antonio Yu Tel: 852 2114 4319 Email: [email protected]
Fax: 852 2527 1196




Topic: Press release summary
Sectors: Electronics, Daily News
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2019 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

 

Latest Press Releases
NEC Develops 5G Base Station Equipment Compliant with O-RAN Fronthaul Specifications  
Feb 22, 2019 13:55 HKT/SGT
Mobile industry leaders to Develop O-RAN Fronthaul-Compliant Products and Drive Multi-vendor Radio Access Networks  
Feb 22, 2019 13:29 HKT/SGT
Mitsubishi Shipbuilding Holds Christening Ceremony for Next-Generation LNG Carrier "MARVEL CRANE"  
Feb 22, 2019 12:43 HKT/SGT
Mitsubishi Motors Lineup at 89th Geneva Motor Show  
Feb 22, 2019 08:37 HKT/SGT
Champion REIT Announces 2018 Annual Results  
Feb 21, 2019 19:27 HKT/SGT
ZEN (SET:ZEN) Undergoes First Trading Day, Confident in Strong Fundamentals  
Feb 21, 2019 17:00 HKT/SGT
WARC forecasts global advertising spend to grow 4.3% to $616bn in 2019 but Internet adspend set to decrease 7.2% excluding Google/Facebook duopoly  
Feb 21, 2019 16:00 HKT/SGT
AbbVie and Eisai Announce Fully Human Anti-TNF-alpha Monoclonal Antibody HUMIRA is the First in Japan to be Approved for the Treatment of Hidradenitis Suppurativa  
Feb 21, 2019 13:50 HKT/SGT
SDK to Begin Shipment of MAMR-Technology-based HD Media  
Feb 21, 2019 13:00 HKT/SGT
Hitachi and Hitachi Capital Received an Order for Seawater RO Desalination System   
Feb 21, 2019 12:56 HKT/SGT
More Press release >>
 Events:
More events >>
Copyright © 2019 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 400 879 3881 | Hong Kong: +852 8192 4922 | Singapore: +65 6653 1210 | Tokyo: +81 3 6859 8400