2025 年第一次临时股东大会决议公告 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： 证券代码：002241 证券简称：歌尔股份 公告编号：2025-091 歌尔股份有限公司 公司部分董事、全体监事和董事会秘书出席了本次股东大会，部分高级管理人员列席了本次股东大会，见证律师以现场 参会方式见证了本次股东大会。 二、 议案审议表决情况 | | | | | | 合计投票结果 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 议案 | 议案 | 出席会议有 效表决权的 | 同意 | | 反对 | | 弃权 | | 表决 | | 序号 | | 股份总数 | 股数 （股） | 占出席会议 有效表决权 总数比例 | 股数 （股） | 占出席会议 有效表决权 总数比例 | 股数（股） | 占出席会议 有效表决权 总数比例 | 结果 | | 议案1 | 《关于审议<歌尔股份 有限公司 年股票 2025 期权激励计划（草案） 及其摘要>的议案》 | 841,061,0 ...

Group 1 - A-shares indices collectively rose on September 30, with most industry sectors experiencing gains, particularly in energy metals, storage chips, lithium mining, semiconductors, and battery sectors [1] - The main funds saw a net outflow of 32.79 billion yuan across the Shanghai and Shenzhen markets, with only the retail trade and defense industries showing net inflows of 1.52 billion yuan and 1.01 billion yuan, respectively [1] - Among the 29 industries with net outflows, non-bank financial and telecommunications sectors had the largest outflows, each exceeding 5 billion yuan [1] Group 2 - Nine stocks saw net inflows exceeding 500 million yuan, with GoerTek leading at 970 million yuan, attributed to advancements in AI glasses technology [2][3] - Shanzi Gaoke followed with a net inflow of 755 million yuan, as the company announced progress in debt restructuring involving a payment of 33 million euros to a banking syndicate [2] - A total of 51 stocks experienced net outflows exceeding 200 million yuan, with Lingyi Technology, New Yisheng, and Dongfang Wealth among those with outflows exceeding 1.1 billion yuan [4][5] Group 3 - Tail-end trading saw a net outflow of 2.873 billion yuan, with electronic and environmental sectors attracting over 200 million yuan in net inflows [6] - GoerTek and Guoguang Electric were among the stocks with significant tail-end net inflows, each exceeding 100 million yuan [6][7] - Conversely, Tianqi Materials and Sunshine Power experienced net outflows exceeding 200 million yuan during the tail-end trading [8]

Market Overview - On September 30, the consumer electronics sector rose by 0.05% compared to the previous trading day, with Shen Technology leading the gains [1] - The Shanghai Composite Index closed at 3882.78, up 0.52%, while the Shenzhen Component Index closed at 13526.51, up 0.35% [1] Top Gainers in Consumer Electronics - Shen Technology (000021) closed at 27.87, with a gain of 9.98%, and a trading volume of 714,800 shares, amounting to a transaction value of 1.975 billion [1] - Guoguang Electric (002045) also saw a rise of 9.98%, closing at 18.29, with a trading volume of 968,400 shares and a transaction value of 1.704 billion [1] - Other notable gainers include: - Tianjian Co., Ltd. (301383): Closed at 39.20, up 8.02% [1] - GoerTek (002241): Closed at 37.50, up 6.08% [1] - Yingtong Communications (002861): Closed at 18.61, up 4.55% [1] Market Capital Flow - The consumer electronics sector experienced a net outflow of 2.422 billion from institutional investors, while retail investors saw a net inflow of 1.363 billion [2] - Notable individual stock capital flows include: - GoerTek (002241): Institutional net inflow of 902 million, retail net outflow of 388 million [3] - Shen Technology (000021): Institutional net inflow of 557 million, retail net outflow of 230 million [3] - Guoguang Electric (002045): Institutional net inflow of 507 million, retail net outflow of 244 million [3]

Core Insights - GoerTek Inc. experienced a stock price increase of 5.01% on September 30, reaching 37.12 CNY per share, with a trading volume of 7.14 billion CNY and a turnover rate of 6.36%, resulting in a total market capitalization of 129.94 billion CNY [1] Company Overview - GoerTek Inc. is located in Weifang High-tech Industrial Development Zone, Shandong Province, and was established on June 25, 2001, with its IPO on May 22, 2008 [1] - The company's main business segments include precision components, smart acoustic systems, and smart hardware, with revenue contributions of 54.17% from smart hardware, 22.17% from smart acoustic systems, 20.25% from precision components, and 3.41% from other sources [1] Fund Holdings - Changxin Fund has a significant holding in GoerTek, with its Changxin Litai Mixed A Fund (519951) holding 88,800 shares, accounting for 2.24% of the fund's net value, ranking as the seventh-largest holding [2] - The Changxin Litai Mixed A Fund was established on March 23, 2016, with a latest scale of 535.93 million CNY, achieving a year-to-date return of 45.26% and a one-year return of 66.03%, ranking 1115 out of 8010 in its category [2] - The fund manager, Wang Zhaofeng, has been in position for 3 years and 48 days, with the fund's total asset size at 92.43 million CNY, achieving a best return of 14.3% and a worst return of -43.49% during his tenure [2]

Core Insights - The AI glasses industry is experiencing explosive growth this year, with major companies launching new products and a significant increase in shipment volumes, driven by the deep integration of AI and AR technologies [1][2] - Analysts believe that the AI glasses sector is transitioning from technological exploration to large-scale commercialization, recognized as a strategic entry point for the next generation of human-computer interaction [1][4] - The market for consumer-grade AR glasses is expected to accelerate towards mainstream adoption, with a projected shipment growth rate exceeding 60% for the year [2][3] Industry Development - Meta's CEO Mark Zuckerberg announced the launch of new AI glasses, the Meta Ray-Ban Display, featuring a display screen based on LCoS technology and priced from $799 [2] - According to IDC, global AI glasses shipments are expected to reach 2.555 million units in Q2 2025, marking a year-on-year increase of 54.9%, with audio and audio-capturing glasses seeing a staggering growth of 256.8% [2] - The Chinese smart glasses market is rapidly evolving, with AI glasses gaining traction in various sectors, including industrial, military, and health monitoring applications [3] Investment Opportunities - The AI glasses sector is viewed as a significant entry point for edge AI applications, with potential for hardware to evolve towards more intuitive user interactions [4][5] - Analysts predict that the release of new AI glasses will enhance market penetration and drive upgrades in the hardware supply chain [4] - Data indicates that the domestic AI glasses market's retail volume is expected to reach 468,000 units in the first half of 2025, a 148% increase year-on-year, with AR glasses retail volume at 195,000 units, up 77% [4][5] Key Technologies - The development of waveguide technology is crucial for the mass production and enhancement of AR glasses, with major companies collaborating to overcome existing technical challenges [5][6] - Investment focus should be on optical display components, including waveguides and upstream materials like glass wafers and silicon carbide substrates [6]

Meeting Overview - The company will hold its first extraordinary general meeting of shareholders for 2025 on September 30, 2025 [1][3] - The meeting will be convened by the company's board of directors [2] - The meeting will comply with relevant laws, regulations, and the company's articles of association [2] Voting Details - The meeting will combine on-site voting and online voting to facilitate shareholder participation [5] - On-site voting will occur at the company's headquarters in Weifang, Shandong Province [10] - The online voting will be available through the Shenzhen Stock Exchange trading system and internet voting system on September 30, 2025, from 9:15 AM to 3:00 PM [4][24] Registration Information - The record date for shareholders to attend the meeting is September 24, 2025 [7] - Shareholders must register for the meeting by providing identification and proof of shareholding [13] - Registration will take place on September 29, 2025, from 9:00 AM to 5:00 PM [14] Agenda and Voting Procedures - The meeting will review several proposals that have been previously approved by the board and supervisory board [11] - Proposals 1-3 require a special resolution, needing more than two-thirds of the voting rights present to pass [11] - The results of the voting will be disclosed separately for small and medium investors [12] Contact Information - For inquiries, shareholders can contact the company via phone or email [15] - The company has provided specific instructions for online voting procedures [17][24]

证券代码：002241 证券简称：歌尔股份 公告编号：2025-089 歌尔股份有限公司 经歌尔股份有限公司（以下简称"公司"）第六届董事会第二十六次会议审议通过，公司 将于2025年9月30日召开2025年第一次临时股东大会，详情请参照公司在指定信息披露媒体 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》 上刊登的《歌尔股份有限公司关于召开2025年第一次临时股东大会的通知》。本次股东大会 采用现场投票和网络投票相结合的方式，为保护投资者权益，方便公司股东行使股东大会 表决权，现将召开本次股东大会的有关事项进一步提示如下： 一、召开会议的基本情况 1、股东大会届次：2025年第一次临时股东大会。 2、股东大会的召集人：公司董事会。 3、会议召开的合法、合规性：本次股东大会的召开符合有关法律、行政法规、部门规 章、规范性文件、深圳证券交易所业务规则和《歌尔股份有限公司章程》等的规定。 4、会议召开的日期、时间： 现场会议召开时间：2025年9月30日下午2:00。 网络投票时间： 关于召开 2025 年第一次临时股东大会的提示性公告 本公司及董 ...

Core Viewpoint - The company, Green Precision, confirmed its business interactions with Luxshare Precision and GoerTek during a Q&A session on an interactive platform [2] Group 1 - Green Precision has business dealings with Luxshare Precision [2] - Green Precision has business dealings with GoerTek [2]

Core Insights - The consumer electronics sector experienced a 2.4% increase on September 29, with Yunzhong Technology leading the gains [1] - The Shanghai Composite Index closed at 3862.53, up 0.9%, while the Shenzhen Component Index closed at 13479.43, up 2.05% [1] Stock Performance - Yunzhong Technology (688260) saw a closing price of 31.96, with a significant increase of 15.25% and a trading volume of 92,500 shares, amounting to a transaction value of 285 million [1] - Xiechuang Data (300857) closed at 181.17, up 12.25%, with a trading volume of 233,100 shares and a transaction value of 4.071 billion [1] - Changying Precision (300115) closed at 41.46, up 10.47%, with a trading volume of 1,913,300 shares and a transaction value of 7.671 billion [1] - Other notable performers include Yingqu Technology (002925) with a 10.03% increase and Lingyi Technology (002600) with a 9.99% increase [1] Capital Flow - The consumer electronics sector saw a net inflow of 2.367 billion in main funds, while retail funds experienced a net outflow of 1.518 billion [2] - The sector's individual stocks showed varied capital flows, with some stocks like Lingyi Technology (002600) having a net inflow of 343.1 million from main funds [3] - Xiechuang Data (300857) had a net inflow of 287 million from main funds, but also saw significant outflows from retail investors [3]

Goertek (002241 CH) Equity Research Summary Company Overview - **Company**: Goertek - **Industry**: Electronic Equipment & Instruments - **Market Cap**: CNY 122.69 billion (USD 17.25 billion) [8][18] Key Points Upgrade and Target Price - Goertek's rating has been upgraded from Reduce to Buy, with a new target price set at RMB 43.80, up from RMB 17.40, indicating a potential upside of approximately 25% from the current share price of RMB 35.14 [3][6][43]. Growth Drivers 1. **AI Glasses Market**: - The global AI glasses market is projected to grow significantly, reaching 5.5 million units by 2025, a 260% year-over-year increase, driven by new product launches from Meta and Xiaomi [3][22]. - Goertek is positioned as a key ODM for major brands, contributing to its growth in the smart hardware sector [22]. 2. **AirPods Market Share Recovery**: - Goertek is expected to recover its market share in AirPods production to 30% by 2025, up from below 30% in 2023-24, due to stronger-than-expected sales of AirPods Pro 3 and renewed partnerships with Apple [4][36]. 3. **New Business Opportunities**: - Goertek is exploring potential collaborations with OpenAI, which is entering the hardware market, potentially supplying components for smart speakers and other devices [5][25]. Financial Projections - **Revenue Growth**: - Revenue is expected to grow from CNY 100.95 billion in 2024 to CNY 135.17 billion by 2027, reflecting a compound annual growth rate (CAGR) of approximately 30% [9][15]. - Net profit is projected to increase from CNY 2.67 billion in 2024 to CNY 5.49 billion by 2027, with a significant increase in earnings per share (EPS) from RMB 0.78 to RMB 1.58 over the same period [9][15]. Innovations and Acquisitions - Goertek showcased multiple optical waveguide solutions at the China International Optoelectronic Exposition (CIOE) 2025, enhancing its capabilities in AR/VR devices [23]. - The planned acquisition of Shanghai OminiLight aims to strengthen Goertek's position in micro-nano optical devices, crucial for AR and AI systems [24]. Market Position and Competitiveness - Goertek has established itself as a leading player in the AR/VR ODM market, with a market share of approximately 70% in global AI glasses ODM assembly [36]. - The company is also focusing on improving its gross profit margins through a better product mix, particularly with higher-margin AI glasses [38]. Risks and Challenges - Potential risks include uncertainty in AirPod orders, slower-than-expected growth in the AR/VR industry, and challenges in maintaining gross profit margins [49]. Conclusion - Goertek is positioned for significant growth driven by advancements in AI glasses, recovery in AirPods market share, and potential collaborations with emerging tech companies like OpenAI. The upgrade to Buy reflects confidence in the company's strategic direction and financial performance over the next few years [3][43].