AAC Technologies

Company Overview

(AAC Technologies Holdings Inc., stock code: HK.02018) was founded in 1993, formerly known as Jiangsu Yuanyu Electronics Group Co., Ltd. and listed on the Main Board of the Hong Kong Stock Exchange in 2005.

AAC Rising Sound Technology isperceptual experienceRuixing Technology is a solution leader, with the corporate goal of building the future of sensory experience technology. Ruixing Technology insists on technological innovation and focuses on global layout. After decades of deep cultivation in the industry, we have established close, long-term and stable strategic partnerships with domestic and international end customers, and have strong comprehensive competitiveness in the fields of acoustics, optics, tactile sensors, sensors and semiconductors, and precision manufacturing. Ruixing Technology's mission is to create the ultimate experience, and its vision is to create diversified values and become a leader in experience technology. In the science of perception, Ruixing Technology continues to innovate and create all kinds of new interactive experiences, injecting new vitality into the industry.

So far, AAC Technologies has continued to make efforts in multiple industries such as smart cell phones, smart cars, virtual reality, augmented reality, and smart home, and has continued to create a new era of sensory experience. In recent years, we have been recognized by Forbes as one of the “Top 50 Best Listed Companies in Asia Pacific”, Institutional Investor as one of the “Most Admired Companies”, and APEC as one of the “Exemplary Samples of China's Digital Economy Industry”, thanks to our excellent business performance and leading manufacturing capabilities. In recent years, we have been honored with important awards such as Forbes' "Top 50 Listed Companies in Asia Pacific", Institutional Investor's "Most Admired Companies", and APEC's "China's Digital Economy Industry Model".

Milestones

1. Start-up and listing (1993-2005)
   • Founded in 1993, specializing in the self-research and production of micro-acoustic devices.
   • Entered the mobile communication market in 1998 through the Motorola cell phone buzzer project.
   • Established Nanjing R&D Center in 2002 and launched the first runway-type micro-speaker.
   • Listed in Hong Kong in 2005, completing the capitalization transition.
2. Technological breakthroughs and diversification (2005-2015)
   • Launched MEMS microphone in 2007 to promote the upgrade of voice interaction in smartphones.
   • In 2008, certified by the world's top five cell phone suppliers (LG, Motorola, Nokia, Samsung, Sony Ericsson), the world's first X-axis touch motor was launched.
   • In 2009, we acquired Japanese lens design companies ISQR and ATJR to enter the optical field.
   • Invested in a Danish company to incubate wafer-level aspheric glass (WLG) processing technology in 2010.
3. Innovation Leadership and Ecological Construction (2015-2020)
   • Launched the Ultra-Linear SLS acoustic platform in 2017, leading the acoustic technology upgrade.
   • In 2020, the world's first mass production of WLG glass-plastic hybrid lenses, and was certified as “Manufacturing Single Champion Demonstration Enterprise”.
   • Entering the automotive industry in 2021, realizing chip autonomy, and laying out the AR/MR field.
4. Strategic upgrading and globalization (2020-present)
   • 2023 Jointly set up labs with Xiaomi and Yiga to deepen technical cooperation.
   • Expanded in-vehicle acoustics business by acquiring an 80% stake in PSS, Inc. in 2024.
   • In 2025, it was selected into four major lists, including the Top 500 Guangdong Enterprises (109th, up 22 places from the previous year) and the Top 100 Private Enterprises.

Products & Services

AAC Technologies's product matrix covers five major areas: acoustics, optics, touch sensors, sensors and semiconductors, and precision manufacturing:

1. Acoustic Products
   • Smartphone Acoustics: Offering speakers, receivers, and more, the AAC Ultimate Speaker, introduced in 2024, features a tweeter-bass coaxial module for significantly improved sound quality.
   • Automotive AcousticsThe solution includes branded speaker system, full set of speakers, amplifier microphone, AtoB module and independent acoustic algorithms, which is exclusively provided to Beijing Android customer's first model full set of speakers.
2. Optical Products
   • camera shot (in a movie etc): Offers plastic lenses, glass-plastic hybrid lenses, WLG process to achieve large light intake and high resolution, 2025 shipments are expected to exceed 10 million units.
   • Camera Module: Integration of core products such as optical lenses and transmission with software algorithms, covering 2 to 200 million pixels.
3. Haptics and precision structural components
   • Tactile motor: Applied to smart phones, smart cars and other fields, X-axis linear motor shipments increased 15.5% year-on-year.
   • Precision structural partsThe company's products include metal shells, tablet PC structural parts, etc., and the center frames of new folding cellular phones for major customers.
4. Sensors & Semiconductors
   • MEMS microphone: Top 3 global manufacturers with over 7 billion units shipped, used in scenarios such as true wireless headphones and smart speakers.
   • Bone vibration sensors, air pressure sensors, etc.: Covering consumer electronics, automotive, smart wearable and other fields.
5. Thermal Solutions
   • VC homogenizing plate: Shipments are expected to reach 150 million pieces in 2025, with annual revenue from the heat dissipation product line exceeding 1.2 billion yuan, tripling year-on-year.

core technology

1. WLG Glass-Plastic Hybrid Lens Technology
   • Exclusive wafer-level glass processing technology to realize thin and light lenses with high imaging quality, leading the industry from plastic to glass-plastic iteration.
2. Ultra-Linear SLS Acoustic Platform
   • Integration of hardware, algorithms and tuning services to improve speaker sound quality and efficiency, SLS Master Speaker shipments grew over 200% year-on-year.
3. Localization of MEMS microphone production chain
   • Mastering the core technology of microelectromechanics, realizing the independent control of the whole chain of design, packaging and testing, and the products have high signal-to-noise ratio and low distortion characteristics.
4. RichTap Tactile Solutions
   • Industry-leading haptic feedback algorithms empower games, AR/VR and other fields to realize multi-dimensional interactive experiences.
5. Thermal technology
   • Ultra-thin VC even heat plate and new material VC technology, recognized by mainstream large customers, 2025 heat dissipation business revenue is expected to double.

development prospect

1. Consumer Electronics Recovery and AI Terminal Upgrade
   • The smartphone market is warming up, and AI phone arithmetic improvement drives the growth of heat dissipation, acoustics, and optics demand. Ruixing Technology, as a core supplier, will benefit from the industry upgrade cycle.
2. Automotive Electronics and XR Field Expansion
   • Automotive Acoustics: PSS acquisition completed, accelerating expansion in the domestic new energy market and forming vertically integrated solutions.
   • XR field: Build core capabilities such as optical waveguide and AI camera, and cooperate with head customers to develop AR/MR devices.
3. Optical Business Explosion
   • WLG lens shipments in 2025 is expected to exceed 10 million, year-on-year growth of more than 50%, large-scale application pattern has opened.
4. Deepening Globalization
   • The R&D centers cover 19 countries and regions around the world, which is close to customers' needs and enhances the market response speed.
5. Innovation-driven strategies
   • R&D investment accounts for 7%-10% of revenue each year, and continues to drive technology iteration to consolidate its position as a leader in perceptual experience solutions.