里昂：上调瑞声科技目标价至47.7港元

Group 1 - The core viewpoint of the report is that the target price for AAC Technologies has been raised from HKD 38.6 to HKD 47.7, and it has been included in the preferred list of Chinese technology H-shares [1] - The report highlights that AAC Technologies is benefiting from market recovery, cost control, and product mix improvement, with expectations for continued growth in revenue and profit margins [1] - The implementation of mobile phone subsidies by the mainland government is expected to make the company a major beneficiary [1]