GoerTek(SZ:002241) Xin Lang Cai Jing·2025-04-29 02:43Core Insights - Company reported a revenue of 1009.54 billion yuan for 2024, marking a year-on-year growth of 2.41% and a net profit of 26.65 billion yuan, up 144.93% [1] - The fourth quarter of 2024 saw a significant revenue increase of 27.13% year-on-year, with a revenue of 313.08 billion yuan [1][2] - The company’s gross margin for electronic components improved by 2.21 percentage points to 11.14%, driven by a higher proportion of high-margin components and enhanced production efficiency [2] Revenue Breakdown - Precision components and smart acoustic devices were key growth drivers, achieving revenues of 150.51 billion yuan and 262.96 billion yuan respectively, with year-on-year growth of 15.9% and 8.7% [2] - The smart hardware segment experienced a slight revenue decline of 2.6% due to product lifecycle adjustments, despite a significant increase in VR/MR product sales [3] Market Positioning - The company is strategically expanding into the XR industry, transitioning from wearable devices and smart speakers to VR/AR, positioning itself as a leading manufacturer in the virtual reality sector [3] - The global VR/MR device shipment is projected to reach 7.6 million units in 2024, a 12% increase year-on-year, benefiting the company as a core supplier [3] Future Outlook - The company is expected to see earnings per share (EPS) of 1.02, 1.21, and 1.44 for the years 2025 to 2027, maintaining a "buy" rating [3]