Acoustics, Optics’ Gross profit margin of increase sharply in 1Q21, expected to reverse the decreasing trend in revenue in 2021

Investment Summary
Shenzhen Yuanyu, the predecessor of AAC Technologies was found in 1993, started to manufacture miniature acoustic components and was listed on the main board of the Hong Kong Stock exchange in 2005. The Company is the world’s leading solution provider for smart devices with cutting-edge technologies in materials research, simulation, algorithms, design,
automation and process development in Acoustics, Optics, Electromagnetic Drives and Precision Mechanics, and MEMS, providing advanced miniaturized and proprietary technology solutions in smartphones and portable electronic devices across the world.