Q3 2020 AAC Technologies Holdings Inc Earnings Call (Chinese, English) Transcript

Feb 12, 2024

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Nov 13, 2020 / 07:50AM GMT
Operator

Welcome to AAC Technologies' 2020 Q3 results investor webcast and conference call. (Operator Instructions). I will now hand over to the host today. Please go ahead.

Dan Guo - AAC Technologies Holdings, Inc. - CFO

Good afternoon, everyone. Welcome to AAC Technologies Q3 2020 results conference call. My name is Dan Guo; I am the Chief Financial Officer. 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.

In the third quarter, Group revenue declined by 9.8% year-on-year to RMB4.52 billion due to cyclicality in global smartphone market and delays in certain new model launches. Nevertheless, the Group continued its sequential

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