GoerTek Inc. Class A
SSZSE:00224123.11
CNY
+2.10
(+10.00%)
ISIN
CNE100000BP1
Return %
Stock
S&P 500
1Y
-28.07
13.14
3Y
35.30
80.78
5Y
-44.79
67.74
Capital Structure
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
CNY
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in mil. unless spec.Quarterly Earnings Per Share
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CNY
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in mil. unless spec.Company Description
- CEO
- Li Youbo
- Full Time Employees
- 111,585
- Sector
- Electronic technology
- Industry
- Computer processing hardware
- Address
- No. 268 Dongfang Road Weifang SD China 261031
- IPO Date
- May 23, 2008
- Website
- goertek.com
- Similar Companies
- 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.