(Hong Kong, September 10, 2018) AAC Technologies Holdings Inc. (“AAC Technologies” or “Company”; stock code: 2018) was once again honored as one of the Forbes Asia’s 50 Best Big Public Companies in 2018, marking the third consecutive year that the Company had been awarded the title.
The Asia’s 50 Best Big Public Companies leaderboard selected by Forbes is designed to recognize well-managed enterprises. Those on the list are well-performing blue-chip companies and elites of elites in Asia.
While being committed to innovation and investing heavily in research and development, AAC Technologies has built an advanced technology platform. As a supplier of comprehensive solutions, the Company provides world-leading and latest micro technologies and devices covering acoustics, actuators, precision devices, MEMS devices, and optical devices. AAC Technologies invests 7% to 8% of the annual revenue into research and development on average, making it one of the few companies that input heavy resources into research and development continuously to build a sustainable technology roadmap. In addition, the Company has established 15 R&D centers in the United States, Denmark, Finland, Singapore, Japan, South Korea, and other countries and regions and carried out technical cooperation with a line of well-known universities and scientific research institutes such as Stanford University, Singapore’s Institute of Microelectronics, Chinese Academy of Sciences, and Nanjing University. With research and technology platforms already established, the Company now possesses more than 2,800 approved patents and 2,100 pending patents covering core technologies of electronics, which fully demonstrates our expertise and strength.
AAC Technologies features a track record of continuously improving its technology platforms and releasing new designs. The Company has been performing well financially. According to past financial statements, the compound annual growth rate of annual revenues has stood at 30% for the past 15 years, and the annual revenue of 2017 reached RMB 21.1 billion, a 50-fold increase over that of 2003. Moreover, the gross profit margin has maintained above 40% for years, and the net profit has reached RMB 5.3 billion, making it one of the best-performing companies among peers in China. AAC Technologies was included in Hang Seng Indexes as a constituent in 2016 with a market value of RMB 100 billion, which is approximately 30 times that of 2003 when the Company was just listed.