GoerTek(002241) 金融界·2025-04-03 08:40Core Viewpoint - The implementation of "reciprocal tariffs" by Trump has significantly impacted the U.S. technology sector, particularly affecting Apple and its supply chain companies, leading to substantial stock declines across the board [1][2]. Group 1: Stock Performance - U.S. tech stocks experienced a pre-market decline, with Apple falling over 6%, AMD over 5%, and other major companies like Amazon, Nvidia, and Tesla dropping more than 4% [1]. - In the Hong Kong market, Apple-related stocks such as GoerTek, East Japan Group, and AAC Technologies saw declines exceeding 10%, while BYD Electronics dropped over 8% [1]. - In the A-share market, Lixun Precision fell to its daily limit, with a market cap exceeding 250 billion yuan, and other Apple-related stocks like GoerTek and East Mountain Precision also hit their daily limits [1]. Group 2: Company-Specific Insights - Lixun Precision has been deeply integrated with Apple since 2011, with Apple accounting for over 75% of its revenue in 2023, amounting to approximately 174.5 billion yuan [3]. - GoerTek entered Apple's supply chain in 2010, providing audio products, and by 2019, it captured 30% of the AirPods manufacturing share. However, its revenue from Apple has also posed risks, with Apple contributing 42.49% to its total revenue in 2021 [4]. - Lens Technology became a core supplier for Apple's glass covers in 2006, with revenue growing from 6 billion yuan in 2011 to 69.8 billion yuan in 2024, indicating strong reliance on Apple [5]. - Lens Technology's financials show that from 2022 to 2024, sales to its largest customer (likely Apple) accounted for 71.0%, 57.8%, and 49.5% of total revenue, respectively, highlighting continued dependence on Apple [6].