On December 13, Goertek's stock price opened higher, rising to 58.43 yuan per share, and the total market value exceeded 199.5 billion yuan to refresh the record high.
On the news side, on October 27, Goertek released the third quarter report of 2021, and the company achieved operating income of 52.789 billion yuan from January to September 2021, an increase of 52% year-on-year, and the net profit attributable to shareholders of listed companies was 3.33 billion yuan, an increase of 65.28% year-on-year. The company's performance was mainly due to higher sales revenue from products such as VR virtual reality, smart wearables and smart wireless headsets, which led to improved profitability.
According to public information, Goertek is mainly engaged in the research and development, manufacturing and brand marketing of precision components such as acoustics, sensors, optoelectronics, 3D packaging modules, as well as virtual/augmented reality, smart wearables, intelligent audio, robots and other intelligent hardware.
Goertek entered the Apple supply chain in 2010, that year Apple iPhone 4 mobile phone became a milestone hit of smart phones, and its performance also grew rapidly with the increase in iPhone sales year by year; since 2015, the growth rate of global shipments of smart phones has slowed down, Goertek has developed electronic accessories business such as handles, VR boxes, smart speakers, etc.; in 2018, Goertek began to provide full machine assembly services for Apple Airpods, and began to focus on the layout of VR equipment ODM business Foundry for Oculus devices began providing Facebook the same year, and by the time of the release of Oculus Quest 2 in 2020, Goertek had become the world's top-selling VR device major foundry.
As of press time, goertek shares narrowed to 6.81% at 58.00 yuan / share, with a total market value of about 198.1 billion yuan. (text| AI Finance & Economics)
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