Summary of Key Points Core Viewpoint - Goertek Co., Ltd. has announced the provision of guarantees for its subsidiaries to support their procurement and financing needs, with specific amounts and terms outlined in the announcement [1][2]. Group 1: Guarantee Overview - The company has approved a guarantee limit for certain subsidiaries to facilitate procurement from suppliers and loans from financial institutions, effective for one year from the shareholders' meeting approval date [1]. - The subsidiaries involved include Goertek Technology Vina Company Limited, Goertek (Hong Kong) Co., Limited, and Goertek Optical Technology Co., Ltd., all of which have debt ratios exceeding 70% [1]. Group 2: Details of Guarantees - Guarantees provided include approximately RMB 4.2952 million for Goertek Technology Vina, RMB 192.3201 million for Goertek (Hong Kong), and RMB 5 million for Goertek Optical, with varying terms and conditions [1]. - The total guarantee amount approved for the subsidiaries is within the limits set by the shareholders' meeting and does not require further approval [1]. Group 3: Current Guarantee Status - As of the announcement date, the total approved guarantee amount for the company and its subsidiaries is RMB 745,564.88 million, with a remaining guarantee balance of RMB 55,198.32 million, representing 0.67% of total assets and 1.66% of net assets as of December 31, 2024 [2]. - There are no overdue guarantees or related litigation issues reported [2].

歌尔股份有限公司（以下简称"公司"）于 2025 年 4 月 10 日召开第六届董事会 第二十四次会议，审议通过了《关于回购公司股份方案的议案》，同意公司以自有资 金和自筹资金通过集中竞价交易的方式回购部分公司发行的人民币普通股（A 股） 用于员工持股计划或股权激励计划。本次回购的资金总额不低于人民币 5 亿元（含） 且不超过人民币 10 亿元（含），回购价格不超过人民币 38.97 元/股（含），具体回购 股份的数量及占公司总股本的比例以实际情况为准。本次回购股份的实施期限为自 2025 年 4 月 10 日起不超过 12 个月。具体内容详见信息披露媒体巨潮资讯网 http://www.cninfo.com.cn、《证券时报》《中国证券报》《上海证券报》《证券日报》披 露的相关公告。 根据《上市公司股份回购规则》《深圳证券交易所上市公司自律监管指引第 9 号 ——回购股份》等相关规定，上市公司在回购股份期间，应当在每个月的前三个交 易日内披露截至上月末的回购进展情况。现将公司截至 2025 年 6 月 30 日的回购进 展情况公告如下： 一、回购公司股份进展情况 证券代码：002241 证券简称：歌尔股份 ...

证券代码：002241 证券简称：歌尔股份 公告编号：2025-059 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均为公司合并范围内的子公司，其中，Goertek Technology Vina Company Limited、Goertek (Hong Kong) Co., Limited、歌尔光学科 技有限公司为资产负债率超过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2025年3月26日、2025年5月22日 召开第六届董事会第二十三次会议、2024年度股东大会，审议通过了《关于2025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2024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 ...

歌尔股份(002241.SZ)公告称，截至2025年6月30日，公司通过 回购专用证券账户以集中竞价交易方式累 计回购股份1613.28万股，占公司总股本的比例为0.46%，最高成交价为21.65元/股，最低成交价为20.35 元/股，支付金额为3.38亿元（不含交易费用）。 ...

Industry Overview - The film and television recording equipment industry has undergone significant transformation, evolving from traditional devices to high-definition Blu-ray players, smart TV boxes, and online streaming devices to meet diverse consumer demands for high-quality audio-visual experiences [1][13] - The market size of China's film and television recording equipment is projected to grow from 337.635 billion yuan in 2015 to 616.448 billion yuan in 2024, with a compound annual growth rate (CAGR) of 6.92% [1][13] - Future developments in the industry are expected to focus on higher resolution, better sound quality, smarter features, and more convenient usage, alongside innovations driven by virtual reality (VR) and augmented reality (AR) technologies [1][13] Industry Policies - The Chinese government has implemented various supportive policies to foster the development of the film and television equipment industry, including financial support for new production bases and technology upgrades [6][8] - Specific measures include a one-time subsidy of up to 20 million yuan for new film production bases and 10 million yuan for technology trials and applications [6][8] Industry Chain - The industry chain consists of upstream raw materials and components supply, midstream production and manufacturing, and downstream applications in film, photography, home entertainment, education, security monitoring, and live streaming [9] Key Enterprises - Major companies in the Chinese film and television recording equipment sector include Woge Optoelectronics, Chunzong Technology, Jiulian Technology, and others, with a focus on niche markets and technological innovation [2][17] - The competitive landscape is characterized by a mix of foreign dominance in high-end markets and the rise of domestic players, with ongoing efforts to close the technology gap [14][17] Development Trends - The industry is moving towards high-performance and intelligent equipment, with innovations in imaging capture and processing capabilities, such as 8K ultra-high definition and AI-enhanced image quality [23] - Emerging application scenarios, including short video creation and live streaming, are driving demand for lightweight and highly mobile equipment [24] - User experience is becoming a core selling point, with simplified interfaces and natural interaction methods like voice control gaining traction [25]

消费电子ETF紧密跟踪中证消费电子主题指数，中证消费电子主题指数选取50只业务涉及元器件生产、整机品牌设计及生产等消费电子相关的上市公司证券 作为指数样本，以反映消费电子主题上市公司证券的整体表现。 数据显示，截至2025年6月30日，中证消费电子主题指数(931494)前十大权重股分别为立讯精密(002475)、中芯国际(688981)、京东方A(000725)、寒武纪 (688256)、豪威集团(603501)、澜起科技(688008)、工业富联(601138)、兆易创新(603986)、歌尔股份(002241)、亿纬锂能(300014)，前十大权重股合计占比 51.02%。 去年爆火的EVE开始内测，作为游戏化的AI陪伴应用，EVE在AI娱乐赛道上备受关注，用户在登录之后，可以选择自己的信息，比如星座、MBTI、兴趣， 还有和AI的相处方式，选择后可以与角色互动聊天，目前开放了两个角色，男性角色Aven和女闺蜜角色KiKi。 国泰海通证券认为，目前我国AI产业发展正处于转型升级关键期，呈现规模扩张与质效提升并重的总体特征。根据中国信通院引用IDC数据，全球AI核心产 业保持稳健增长，预计2024年增至6 ...

丨证券研究报告丨 公司研究丨点评报告丨歌尔股份（002241.SZ） [Table_Title] 持续推进员工持股，看好 XR 卡位龙头长期成长 报告要点 [Table_Summary] 6 月 23 日，歌尔股份发布"家园 8 号"员工持股计划（草案)，本轮员工持股计划是自 2015 年 发布"家园 1 号"以来的第 8 期员工持股计划，彰显公司持续与员工分享公司成长，增强内部 凝聚力的态度，同时持股计划对未来的业绩目标凸显公司稳定增长的信心。 分析师及联系人 [Table_Author] 杨洋 蔡少东 SAC：S0490517070012 SAC：S0490522090001 SFC：BUW100 请阅读最后评级说明和重要声明 %% %% %% %% research.95579.com 1 歌尔股份（002241.SZ） cjzqdt11111 [Table_Title2] 持续推进员工持股，看好 XR 卡位龙头长期成长 [Table_Summary2] 事件描述 6 月 23 日，歌尔股份发布"家园 8 号"员工持股计划（草案)，本轮员工持股计划是自 2015 年 发布"家园 1 号"以来的第 8 期 ...

近期评等 阿 C o m p a n y U p d a t e C h i n a R e s e a r c h D e p t . 朱吉翔 C0050@capital.com.tw 目标价(元) 28.0 公司基本资讯 | 产业别 | 电子 | | --- | --- | | A 股价(2025/6/24) | 23.39 | | 深证成指(2025/6/24) | 10217.63 | | 股价 12 个月高/低 | 30.41/16.99 | | 总发行股数(百万) | 3491.50 | | A 股数(百万) | 3084.32 | | A 市值(亿元) | 721.42 | | 主要股东 | 歌尔集团有限 | | | 公司(15.90%) | | 每股净值(元) | 9.50 | | 股价/账面净值 | 2.46 | | | 一个月 三个月 一年 | | 股价涨跌(%) | 10.9 -11.7 28.0 | | 出刊日期 | 前日收盘 | 评等 | | --- | --- | --- | | 产品组合 | | | | 电声器件 | | 58.4% | | 电子配件 | | 41.6% | | ...

近期，"苏超"火爆出圈，这股"足球联赛热"也正从职业赛场蔓延至上市公司。 "公司秉承'科技创造健康.美'的使命，充分践行'一起创造、一起分享、一起成长'的文化口号，由歌尔 工会面向全球各区域平台发起'一起GOAL'足球比赛。本次比赛发起初衷在于让全球歌尔人在这场比赛 中真正领悟和体会'一起'的文化精神，感受竞技体育中团队的互相配合及永不放弃的精神，打造工会品 牌活动，助力幸福工厂建设。"歌尔股份相关负责人表示，"从员工反馈来看，本次足球比赛为公司内广 大的足球爱好者提供了很好的以球会友的平台，感受到了幸福工厂的魅力。当来自不同国家、不同部门 的同事们为了共同的目标而拼搏时，这种超越一切的团队精神，正是我们'一起'文化最生动的诠释。" 值得一提的是，近日歌尔股份发布了"家园8号"员工持股计划(草案)。歌尔股份此前于今年5月8日公告 股票期权激励计划，激励人数6302人，此次"家园8号"员工持股计划参与总人数不超过1130人，持股规 模不超过5232.08万股，占公司总股本1.5%。歌尔股份表示，该计划有利于强化核心人员与公司整体利 益的一致性，促进公司长线发展。 公开资料显示，目前歌尔股份布局智能制造+精密制造 ...

Core Viewpoint - Goer Group's subsidiary, Goer Optical, has completed a significant capital increase of 277 million yuan to enhance its financial health and support long-term development in the consumer electronics market, which is showing signs of recovery [1][2]. Group 1: Capital Increase and Ownership Structure - Goer Optical's registered capital increased from 982 million yuan to 1.059 billion yuan after the capital increase [2]. - Following the capital increase, Goer Group's ownership in Goer Optical decreased from 61.1022% to 56.6560%, while still remaining the controlling shareholder [2]. - Key stakeholders, including the chairman and major shareholders, participated in the capital increase, maintaining significant ownership stakes [2]. Group 2: Production Capacity and Technological Development - The capital increase will fund the addition of two fully automated optical module production lines, expected to boost production capacity by 30% [2]. - Goer Group has established multiple optical research and development centers, creating a comprehensive technology layout covering XR optical components, micro-projection, and automotive HUDs [3]. - The company has made strategic acquisitions, such as the purchase of Yuguang Technology, to enhance its capabilities in micro-nano optical devices and overall solutions for smart devices [3]. Group 3: Financial Performance and R&D Investment - In 2024, Goer Group reported revenue of approximately 100.95 billion yuan, a year-on-year increase of 2.41%, and a net profit of about 2.665 billion yuan, up 144.93% [5]. - For Q1 2025, the company achieved revenue of 16.305 billion yuan and a net profit of 469 million yuan, reflecting a year-on-year growth of 23.53% [5]. - R&D expenses for Q1 2025 reached 1.096 billion yuan, marking a 32.83% increase compared to the previous year, positioning the company as a leader in R&D spending among consumer electronics firms [1][7].