Q1 2020 AAC Technologies Holdings Inc Earnings Call (Chinese, English) Transcript

Feb 12, 2024

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May 15, 2020 / 07:50AM GMT
Operator

Ladies and gentlemen, thank you for standing by and welcome to AAC Technologies' 2020 Q1 results investor webcast and conference call. (Operator Instructions). I will now hand over to the management. Please go ahead.

Den Guo - AAC Technologies Holdings Inc. - Special Assistant to the CEO

Good afternoon, everyone. Welcome to AAC Technologies' Q1 2020 results webcast and conference call. My name is [Den Guo]; I am the Special Assistant to the CEO. I'm glad to have our CEO, Mr. Benjamin Pan, and our Managing Director, Mr. Richard Mok joining us today.

Before we start we would like to remind you that copies of our results announcement and presentation are both available on our website. We would also like to draw your attention to the disclaimer on the last page of this presentation. Some information we discuss today may contain forward-looking statements. With that I'm now going to present our results for the quarter.

During Q1 2020 the Group's revenue has decreased 5.1% year-on-year to RMB3.56 billion, while gross profit margin narrowed by 7

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