BRIEF-AAC Technologies Posts Q1 Net Profit Of RMB 53 Mln

Reuters

15 May 2020 at 12:12 am

May 15 (Reuters) - AAC Technologies Holdings Inc:

* Q1 NET PROFIT RMB 53 MILLION VERSUS RMB 432 MILLION

* Q1 REVENUE RMB 3,560 MLN VS RMB 3,753 MLN

* UNDER COVID-19 PANDEMIC, GROUP SPENT ALMOST RMB10 MILLION FOR CARRYING OUT NUCLEIC ACID TESTS & HEALTH CHECKS ON ALL EMPLOYEES

* GROUP ACHIEVED FULL RESUMPTION OF OPERATION AND PRODUCTION ACTIVITIES BY MID-MARCH

* AS AT 31 MARCH, GROUP'S CASH POSITION IS RMB5.81 BILLION

* EXTENDING INTO MARKETS SUCH AS AUTOMOBILE, SMART SPEAKERS, SMART TV, AR, TWS HEADPHONES AND WEARABLE DEVICES Source text for Eikon: Further company coverage:

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