Aug 24, 2020 / 07:50AM GMT
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(technical difficulty) in our leadership position as well as investing in new businesses to capture new market opportunities. During this period, we have continued the organizational transformation project, focusing on enhancing our organizational structure and improving operational efficiency. Going forward, we strive to establish a more efficient and agile structure to achieve our mission and to establish a solid foundation for long-term sustainable growth.
For the second quarter, healthy improvements have been shown across all 4 business segments, and all segment revenues reported year-on-year growth. Optics business continued its fast growth trend. Revenue grew significantly by 43.1% year-on-year to RMB 380 million, accounting for about 9% of the group's total revenue, up from 7% in Q1. Gross margin continued to increase to 13.8% on the back of improved ASP and yield. Acoustics business showed a strong recovery in Q2, with revenue up by 34.2% Q-on-Q and 7.9% year-on-year, respectively, to RMB 1.91
Half Year 2020 AAC Technologies Holdings Inc Earnings Call (Chinese, English) Transcript
Feb 12, 2024
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