Goertek Inc.

Goertek Inc.

002241.SZ
Goertek Inc.CN flagShenzhen Stock Exchange
21.48
CNY
+0.01
- -
76.26BMarket Cap
Goertek Inc.
002241.SZ
(Shenzhen Stock Exchange)

Recent

price

21.48

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
1.01
1.5
2.44
3.31
4.18
4.48
6.31
8.12
7.39
10.98
18.04
23.61
31.18
28.99
29.93
27.93
29.3
Revenue per Share
0.11
0.19
0.3
0.43
0.55
0.41
0.54
0.68
0.27
0.4
0.89
1.29
0.52
0.32
0.79
1.14
0.85
Basic EPS, GAAP
-0.2
-0.33
-0.5
-0.04
-0.06
0.12
-0.35
- -
-0.61
0.71
0.65
0.49
0.07
0.35
0.76
-0.08
-1.35
Free Cash Flow per Basic Share
0.02
0.06
0.09
0.09
0.12
0.11
0.11
0.13
0.16
0.19
0.18
0.2
0.28
0.25
0.41
0.44
0.43
Dividend per Share
0.31
0.59
0.78
1.34
1.78
2.08
2.53
3.53
3.6
3.88
4.62
5.67
5.92
6.02
6.58
7.3
6.91
Book Value per Share
0.57
0.63
1.56
1.9
2.41
2.62
2.99
4.13
4
4.2
5.27
7.52
8.07
8
8.96
9.83
9.34
Tangible Book Value per Share
2,619
2,716
2,974
3,039
3,041
3,052
3,058
3,146
3,214
3,201
3,200
3,314
3,364
3,400
3,373
3,456
3,349
Basic Weighted Avg Shares
2,645
4,077
7,253
10,049
12,699
13,656
19,288
25,536
23,751
35,148
57,743
78,221
104,894
98,574
100,954
96,550
98,121
Sales/Revenue/Turnover
15
18.04
16.64
17.38
16.31
12.01
10.37
11.83
6.93
6.25
6.5
6.05
3.53
1.52
3.44
2.89
3.48
Operating Margin (%)
68
131
216
342
441
678
888
1,260
1,606
1,953
2,137
2,829
3,558
3,842
3,965
3,974
- -
Depreciation Expense
276
528
907
1,307
1,657
1,251
1,651
2,139
868
1,281
2,848
4,275
1,749
1,088
2,665
3,940
2,857
Net Income, GAAP
17.97
16.48
16.12
15.89
16.03
16.78
15.53
15.75
14.99
13.07
11.49
6.49
- -
- -
6.76
3.71
11.49
Effective Tax Rate (%)
10.45
12.95
12.51
13
13.05
9.16
8.56
8.38
3.65
3.64
4.93
5.46
1.67
1.1
2.64
4.08
2.91
Profit Margin (%)
503
-633
502
1,037
5,144
4,743
2,602
2,784
441
146
5,235
5,359
2,842
6,599
4,483
3,968
7,120
Working Capital
379
105
43
6
3,563
3,742
2,576
996
606
344
6,085
2,414
2,677
7,150
2,010
4,274
5,657
LT Debt
1,710
2,173
5,238
6,419
8,522
9,497
10,848
14,917
15,208
16,129
19,734
27,931
30,260
31,528
34,048
37,249
34,831
Total Equity
15.81
17.53
16.94
17.09
14.17
8.83
9.92
13.12
6.45
8.32
12.68
13.71
- -
- -
6.9
5.11
5.97
Return on Invested Capital (%)
20.07
19.28
22.49
22.96
18.4
12.04
13.97
14.95
6.06
7.84
14.15
17.46
- -
- -
9.06
11.24
8.47
Return on Capital (%)
44.15
43.84
46.15
40.86
34.94
21.23
23.43
22.71
7.66
10.68
20.95
25.47
9.04
5.39
12.5
16.61
12.86
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
12,637
16,203
13,688
LT Borrowings
1,341
2,347
5,074
LT Finance Leases
669
609
583
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
3,486
3,491
3,491
Market Capitalization
89,055
87,542
78,098

Working Capital

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
49,440
44,002
51,389
Cash, Cash Equivalents & STI
18,567
22,636
22,162
Accounts Receivable, Net
17,881
8,311
13,302
Inventories
10,479
10,746
13,449
Total Current Liabilities
44,957
39,366
44,269
Payables & Accruals
- -
- -
- -
ST Debt
12,637
16,203
13,688
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
15.36%
14.29%
9.4%
Free Cash Flow
1,232.18%
64.9%
-110.93%
Net Income, GAAP
31.81%
29.2%
47.85%
Sales/Revenue/Turnover
24.05%
12.32%
-4.36%
Total Cash Common Dividend
17.81%
24.18%
10.27%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
19,312
21,070
29,264
31,308
100,954
2025
16,305
21,245
28,444
- -
96,550
2026
18,659
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.11
- -
- -
- -
0.79
2025
0.14
- -
- -
- -
1.14
2026
0.14
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
- -
- -
- -
0.41
2025
0.01
- -
- -
- -
0.44
2026
0.02
- -
- -
- -
- -
Business
Goertek Inc. (002241.SZ) manufactures and sells precision electro-acoustic components, optical components, electronic accessories, and complete smart hardware products worldwide. The company offers miniature speakers and receivers; speaker modules; tactile devices including motors; wireless charging devices; antennas; VR/MR optical devices and modules such as aspherical lenses, Fresnel lenses, and folded optical modules; AR optical devices including Birdbath, freeform surfaces, waveguides, and optical engines like LBS, DLP, LCoS, and Micro-LED; MEMS acoustic sensors and other MEMS sensors; microsystem modules; precision structural parts; smart wearables such as watches and bracelets; smart viewables including VR/AR head-mounted displays (HMD), viewable peripherals, and panoramic cameras; hearables comprising true wireless stereo (TWS) earphones, audio glasses, and headphones; voice-controlled speakers; unmanned aerial vehicles; robotics products; and smart lights. It provides one-stop system solutions for VR/MR HMD and AR/AI glasses, encompassing ID, structure, circuit, and software design alongside manufacturing of optical, acoustic, precision components, and sensors, as well as full-process services like molds, injection molding, assembly, and testing. Goertek operates in three primary segments—precision components, intelligent acoustic whole machines, and intelligent hardware—with a global footprint including manufacturing in China and Vietnam, and R&D centers in Japan, Europe (Denmark), and the United States (California). Founded in 2001 and headquartered in Weifang, Shandong Province, China, Goertek serves leading consumer electronics brands through long-term strategic partnerships, primarily in the smart hardware, acoustics, and XR (extended reality) sectors. The company maintains subsidiaries such as Goertek Vietnam for acoustic components and smart hardware production, Goertek Japan for R&D and engineering, Goertek Europe for audio technology development, and Goertek America for hardware and software R&D. In recent developments, Goertek acquired two precision structural component companies, Hong Kong Midea and Changhong Industrial, for HK$10.4 billion (approximately RMB 9.5 billion) to bolster its AR industry chain capabilities and vertical integration. It extended a US$100 million interest-bearing loan via a Hong Kong subsidiary to Haylo to facilitate the cross-border acquisition of UK-based Micro-LED specialist Plessey, incorporating equity-linked terms for potential upside. Goertek partnered with OpenAI and Luxshare to develop a new AI device, supplying speaker modules and other components, while launching lightweight AR reference designs Mulan 2 and Wood 2 at CES 2025, alongside innovations like DLP projection smart headlamp modules and triple-laser projection engines debuted at China CIOE in September 2025. These moves reflect a strategic pivot toward high-value AR/AI glasses and optics to reduce reliance on single clients and capture medium-term growth in booming segments.