AAC set to maintain 40pc profit margins

Business | Janice Huang 29 May 2018

AAC Technologies Holdings (2018) aims to maintain a target gross profit margin of around 40 percent this year, according to the company's executive director Richard Mok Joe-kuen.

Mok said the trade war between China and the US has no direct impact on the company's business, adding that the electronic components manufacturer will use 7 percent or 8 percent of total sales for research and development.

He also said the company aims to improve the user experience on the Android platform this year.

Meanwhile, China Telecom (0728) president Liu Aili said it remains unknown how much profit China Tower could bring to the company after its listing in Hong Kong, and its offer price has not decided as well. Liu added that the China Telecom at present will not consider distributing a special dividend.

China Tower China Mobile (0941) and China Unicom (0762), is preparing a Hong Kong initial public offering.

Liu also said it would be difficult to predict the capital expenditure for 5G services though the standard is expected to be introduced as soon as the second half of this year.

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