歌尔股份有限公司 监事会关于调整公司股票期权激励计划行权价格的 经审核，监事会认为：公司董事会本次调整 2021 年、2023 年股票期权激励计 划行权价格事项在公司 2020 年度股东大会及 2023 年第一次临时股东大会对公司董 事会的授权范围内，符合《管理办法》及上述股票期权激励计划草案等相关文件的 规定，且履行了必要的程序，程序合法、合规，不存在损害公司及全体股东利益的 情形。 因此，监事会同意对 2021 年、2023 年股票期权激励计划行权价格进行调整。 歌尔股份有限公司监事会 二○二四年十一月二十七日 审核意见 根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司股权激励 管理办法》（以下简称"《管理办法》"）等有关法律、行政法规、部门规章、规范性 文件以及《歌尔股份有限公司章程》的有关规定，歌尔股份有限公司（以下简称"公 司"）监事会对公司第六届监事会第十八次会议议案中的调整公司股票期权激励计划 行权价格的相关事项进行了认真核查，并发表如下审核意见： ...

证券代码：002241 证券简称：歌尔股份 公告编号：2024-100 歌尔股份有限公司 2024 年前三季度权益分派实施公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 特别提示： 1、歌尔股份有限公司（以下简称"公司"或"本公司"）2024 年前三季度权益分派 方案已获 2024 年 11 月 19 日召开的 2024 年第四次临时股东大会审议通过。以实施 权益分派股权登记日登记的总股本扣除公司回购专用证券账户中的回购股份为基数， 按分配比例不变的原则，本次向全体股东实施每 10 股派发现金红利 1.00 元（含税）， 送红股 0 股，不以公积金转增股本（不包括 2024 年半年度已分配的现金股利）。 2、本次权益分派按公司总股本折算的每 10 股现金红利为 0.988654 元（含税）。 在保证本次权益分派方案不变的前提下,本次权益分派实施后的除权除息参考 价=除权除息日前一交易日收盘价-按公司总股本折算每股现金分红金额=股权登记 日收盘价-0.0988654 元/股。 一、股东大会审议通过利润分配及资本公积金转增股本方案等情况 1、公司 2024 ...

北京市天元律师事务所 关于歌尔股份有限公司 2024 年第四次临时股东大会的法律意见 京天股字（2024）第 608 号 致：歌尔股份有限公司 歌尔股份有限公司（以下简称"公司"）2024 年第四次临时股东大会（以下 简称"本次股东大会"）采取现场投票与网络投票相结合的方式召开，现场会议 于 2024 年 11 月 19 日在山东省潍坊市高新区梨园街与永春路交叉口东歌尔股份 有限公司光电园二期综合楼 A1 会议室召开。北京市天元律师事务所（以下简称 "本所"）接受公司聘任，指派本所律师参加本次股东大会现场会议，并根据《中 华人民共和国公司法》、《中华人民共和国证券法》（以下简称"《证券法》"）、《上 市公司股东大会规则》（以下简称"《股东大会规则》"）以及《歌尔股份有限公司 章程》（以下简称"《公司章程》"）等有关规定，就本次股东大会的召集、召开程 序、出席现场会议人员的资格、召集人资格、会议表决程序及表决结果等事项出 具本法律意见（以下简称"本法律意见"）。 为出具本法律意见，本所律师审查了《歌尔股份有限公司第六届董事会第二 十次会议决议公告》《歌尔股份有限公司第六届监事会第十七次会议决议公告》 《歌尔股份 ...

证券代码：002241 证券简称：歌尔股份 公告编号：2024-099 歌尔股份有限公司 2024 年第四次临时股东大会决议公告 特别提示： 一、 会议召开和出席情况 （一）会议的召开情况 1、本次股东大会无否决议案的情况； 2、本次股东大会未涉及变更以往股东大会已通过的决议。 1、 召开时间：2024年11月19日下午2：00 2、 召开地点：山东省潍坊市高新区梨园街与永春路交叉口东歌尔股份有限公 司光电园二期综合楼A1会议室 3、 召开方式：现场投票和网络投票相结合 4、 投票方式：通过深圳证券交易所交易系统进行网络投票的具体时间为：2024 年11月19日9:15-9:25，9:30-11:30和13:00-15:00；通过深圳证券交易所互联 网投票系统投票的具体时间为：2024年11月19日上午9:15-2024年11月19日 下午3:00期间任意时间。 5、 召集人：公司董事会 6、 主持人：董事长姜滨先生 7、 本次会议的召集、召开与表决程序符合《中华人民共和国公司法》《上市 公司股东大会规则》《深圳证券交易所股票上市规则》《深圳证券交易所 上市公司自律监管指引第1号——主板上市公司规范运作》和《 ...

证券代码：002241 证券简称：歌尔股份 公告编号：2024-098 歌尔股份有限公司 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 1、2021年股票期权激励计划预留授予期权简称：歌尔JLC4；期权代码：037227。 2、2021年股票期权激励计划预留授予部分符合本次行权条件的147名激励对象 在第二个行权期可行权的股票期权数量共计116.305万份，占公司目前总股本（截至 2024年11月14日）比例为0.03%，行权价格为28.88元/股。 3、本次行权采用自主行权模式。 4、根据《歌尔股份有限公司2021年股票期权激励计划（草案）》规定，2021年 股票期权激励计划预留授予部分股票期权第二个行权期为2024年4月20日起至2025 年4月19日止（因2024年4月20日、21日及2025年4月19日为非交易日，行权期限应为 2024年4月22日起至2025年4月18日止）。根据行权手续办理情况，本次实际可行权 期为自中国证券登记结算有限责任公司深圳分公司的手续办理完成之日起至2025年 4月18日止。截至本公告披露日，中国证券登记结算 ...

Investment Rating - The report maintains a "Buy" rating for Goertek Inc (002241 SZ) with a target price of 28 03 RMB per share [1][3] Core Views - Goertek's Q3 2024 financial performance was strong with significant profit growth despite a slight revenue decline [1] - Q1-Q3 2024 revenue: 69 646 billion RMB (-5 82% YoY) - Q1-Q3 2024 net profit: 2 345 billion RMB (+162 88% YoY) - Q3 2024 revenue: 29 264 billion RMB (+1 7% YoY) - Q3 2024 net profit: 1 120 billion RMB (+138 16% YoY) - The company's product lines are progressing well with improved profitability [1] - Goertek continues to focus on its "Precision Components + Smart Hardware" strategy [1] Business Strategy and Market Position - Goertek is maintaining its industry leadership position while developing new growth areas [1] - The company is actively expanding in emerging smart hardware products and automotive electronics [1] - AI integration in consumer electronics is expected to drive demand for Goertek's precision components [1] Financial Projections - EPS forecasts for 2024-2026: 0 80/1 04/1 32 RMB per share [1] - Revenue growth projections: - 2024: 3 6% (102 099 billion RMB) - 2025: 3 8% (105 954 billion RMB) - 2026: 10 9% (117 543 billion RMB) [2] - Net profit growth projections: - 2024: 152 7% (2 749 billion RMB) - 2025: 29 3% (3 556 billion RMB) - 2026: 27 4% (4 529 billion RMB) [2] Financial Ratios and Valuation - P/E ratio projections: - 2024: 29 91x - 2025: 23 12x - 2026: 18 16x [2] - ROE projections: - 2024: 8 3% - 2025: 9 9% - 2026: 11 4% [2] - EV/EBITDA projections: - 2024: 12 51x - 2025: 10 79x - 2026: 9 15x [2] Product Development - Goertek is focusing on: - Acoustic optical and microelectronic precision components - VR/MR/AR products - Smart wireless headphones - Wearable devices - Smart home products [1] - The company is building its GPS manufacturing system to enhance smart manufacturing capabilities [1]

Investment Rating - The report assigns a "BUY" rating for the company, with a target price of 32.0 CNY per share [4]. Core Insights - The company has experienced significant revenue growth in Q3 2024, with a nearly 40% increase quarter-over-quarter, driven by the demand for headphones and AR/VR products. The net profit saw a substantial year-over-year increase of 138% [4][5]. - The report anticipates that the company will benefit from the ongoing AI wave, particularly in the consumer electronics sector, which is undergoing major transformations. The company is expected to grow alongside the AI industry due to its long-standing expertise in optical and acoustic fields [5]. - Future net profit projections for 2024-2026 are 3.49 billion, 4.46 billion, and 5.14 billion CNY, representing year-over-year growth rates of 221%, 28%, and 16%, respectively. The expected EPS for these years is 1.02, 1.30, and 1.50 CNY, with corresponding P/E ratios of 26, 20, and 15 [6]. Company Overview - The company operates in the electronics industry, with a market capitalization of 78.607 billion CNY and a current share price of 25.98 CNY as of November 13, 2024. The stock has seen a 35.1% increase over the past year [1][2]. - The major shareholders include Goer Group Limited, holding 14.86% of the shares [1]. Financial Performance - For the first three quarters of 2024, the company reported revenues of 69.65 billion CNY, a year-over-year decline of 5.8%, but a net profit of 2.35 billion CNY, which is a year-over-year increase of 162.9% [5][6]. - The gross margin improved to 11.4%, up 3 percentage points from the previous year, indicating a decrease in the proportion of low-margin products [5]. Market Position and Future Outlook - The company is positioned to benefit from the rapid growth in demand for AI-related acoustic and optical technologies, particularly in areas such as smart homes and mobile devices [5]. - The report emphasizes that the company is well-placed to capitalize on the evolving human-computer interaction trends driven by AI advancements [5].

证券代码：002241 证券简称：歌尔股份 公告编号：2024-097 歌尔股份有限公司 关于为子公司提供担保的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 本 次 进 展 公 告 涉 及 的 被 担 保 对 象 为 公 司 合 并 范 围 内 的 子 公 司 Goertek (HongKong) Co., Limited，为资产负债率超过70%的子公司，敬请投资者关注相关风 险。 一、担保情况概述 歌尔股份有限公司（以下简称"公司"）分别于2024年3月27日、2024年5月21日 召开第六届董事会第十四次会议、2023年度股东大会，审议通过了《关于2024年度 为子公司提供担保额度预计的议案》，同意公司为合并范围内的部分子公司提供担 保，主要用于子公司向供应商采购货物时使用供应商信用额度及信用账期或向金融 机构申请贷款等融资业务，担保额度期限为一年，自该议案经2023年度股东大会审 议通过之日起生效，期限内任一时点担保余额不得超过股东大会审议通过的担保额 度。具体内容详见信息披露媒体巨潮资讯网http://www.cninfo.co ...

Investment Rating - The report maintains a "Recommended" rating for the company, indicating a positive outlook for its stock performance in the coming year [1][3]. Core Insights - The company reported a revenue of 69.646 billion yuan for the first three quarters of 2024, a year-on-year decrease of 5.82%, while the net profit attributable to shareholders reached 2.345 billion yuan, a significant increase of 162.88% year-on-year [1]. - In Q3 alone, the company achieved a revenue of 29.26 billion yuan, reflecting a year-on-year growth of 1.7% and a quarter-on-quarter increase of 38.9% [1]. - The company is positioned as a leader in the AR/VR sector, with a well-established layout that is expected to benefit from the increasing integration of AI technologies into AR glasses [1]. Financial Performance Summary - For the first three quarters of 2024, the company achieved a gross margin of 11.4%, up 1.2 percentage points year-on-year, while the net profit margin was 3.8%, an increase of 2.1 percentage points year-on-year [1]. - The company’s operating expenses for Q1-Q3 2024 showed slight increases in sales, management, and R&D expense ratios compared to the previous year [1]. - The forecasted net profits for 2024, 2025, and 2026 are projected to be 2.72 billion yuan, 3.83 billion yuan, and 4.49 billion yuan respectively, with corresponding price-to-earnings ratios of 29, 21, and 18 [1][4]. Market Position and Future Outlook - The company is focusing on a product strategy that combines precision components with smart hardware, including TWS headphones, smart speakers, and VR/AR devices [1]. - The launch of new products such as Meta's Quest 3 and Apple's AirPods 4 is expected to drive short-term revenue growth, with a potential for sustained profitability improvement as production ramps up [1]. - The integration of AI with AR technology is anticipated to create new opportunities for the company, particularly in the demand for acoustic sensors and precision optical components [1].

Investment Rating - The report maintains a "BUY" rating for Goertek with a new target price (TP) of RMB27.39, reflecting a 16.1% upside from the current price of RMB23.60 [3][9]. Core Insights - Goertek's 3Q24 revenue and net profit increased by 2% and 138% year-over-year (YoY), respectively, surpassing market expectations due to improved efficiency and cost control [1][4]. - The company is expected to continue its profitability recovery into 4Q24 and FY25E, driven by strong demand for AR/VR and gaming products, including launches from major players like Meta and Sony [1][9]. - Earnings estimates for FY24-26E have been raised by 0-6% to account for better operating leverage and expense control [1][5]. Financial Performance Summary - **Revenue**: FY24E revenue is projected at RMB103,204 million, with a YoY growth of 4.7%. For FY25E, revenue is expected to reach RMB116,686 million, reflecting a 13.1% growth [2][12]. - **Net Profit**: FY24E net profit is estimated at RMB2,868 million, showing a significant YoY increase of 163.6%. For FY25E, net profit is projected at RMB3,725 million, a 29.9% growth [2][12]. - **Earnings Per Share (EPS)**: The reported EPS for FY24E is RMB0.84, with a substantial increase of 163.6% YoY. For FY25E, EPS is expected to be RMB1.10, a 29.9% increase [2][5]. Margin Analysis - **Gross Profit Margin (GPM)**: The GPM for 3Q24 improved to 11.4%, up 1.2 percentage points YoY, attributed to better efficiency and scale effects [1][4]. - **Operating Profit Margin (OPM)**: The OPM for FY24E is projected at 3.1%, increasing to 3.6% in FY25E [5][6]. Market Position and Outlook - Goertek is well-positioned to capitalize on the upcoming product cycles in the XR and gaming segments, with expected net profit growth of 164% and 30% YoY for FY24 and FY25, respectively [1][9]. - The company’s leadership in the XR/acoustics/gaming segments is anticipated to drive market share gains as the industry recovers [9][10].