Half Year 2019 AAC Technologies Holdings Inc Earnings Call (Chinese, English) Transcript
Good afternoon. Welcome to our 2019 interim results broadcast and conference call. My name is [George Kwok], and I'm the Head of Investor Relations at AAC. I'm glad to have our senior management team joining this call today with Mr. Benjamin Pan, our Chief Executive Officer; and Mr. Richard Mok, our Managing Director. Before we start, we would like to remind you that the copies of our results announcement and presentation are all available on our website.
We'd like to draw your attention to the disclaimer on the last page of this presentation slide as well. Some information we discuss today might contain forward-looking statements.
I will now present the 2019 interim results. The revenue for the first half this year has dropped 10% year-on-year to CNY 7.6 billion. It was a challenging period with reduced global smartphone shipments. However, if we focus on second quarter revenue, it has shown a sequential improvement with 1% year-on-year increase and that has mitigated some of the decline in the first quarter. As you can see from the pie chart, acoustics,
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