AAC Technologies Named as One of “Asia’s Fab 50 Companies” by Forbes for the 3rd Consecutive Year
Product name：AAC Technologies Named as One
HONG KONG, Sep 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.
For any other enquiries, please contact:
AAC Technologies Holdings Inc.
Head of Investor Relations
Tel: 852 3470 0079
Investor Relations Manager
Tel: 52 3470 0076
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AAC Technologies Named as One