证券代码：002241 证券简称：歌尔股份 公告编号：2026-002 歌尔股份有限公司 第七届董事会第三次会议决议公告 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。 歌尔股份有限公司（以下简称"公司"）第七届董事会第三次会议（以下简 称"本次会议"）通知于 2026 年 1 月 5 日以电子邮件方式发出，于 2026 年 1 月 9 日在公司会议室以现场加通讯表决方式召开。公司董事长姜滨先生主持会议， 会议应出席董事 9 名，实际出席董事 9 名。本次会议符合有关法律、法规及《歌 尔股份有限公司章程》（以下简称"《公司章程》"）的规定，会议合法有效。公 司董事会秘书徐大朋先生列席了本次会议。 一、董事会会议审议情况 经审议，形成如下决议： 1、审议通过《关于 2026 年度日常关联交易预计的议案》 根据公司业务发展及实际经营情况的需要，按照《中华人民共和国公司法》 《中华人民共和国证券法》《深圳证券交易所股票上市规则》及《歌尔股份有限 公司关联交易决策制度》等相关规定，董事会同意公司及子公司 2026 年度与关 联方歌尔集团有限公司（以下简称"歌尔集团"） ...

格隆汇1月9日｜歌尔股份(002241.SZ)公告称，公司及子公司拟使用不超过人民币60亿元的闲置自有资 金进行委托理财，此额度有效期为一年，自董事会审议通过之日起生效，该额度可以在有效期内滚动使 用。公司将通过银行、信托公司、证券公司等金融机构购买安全性高、流动性好、低风险的理财产品。 同时，公司已制定《歌尔股份有限公司委托理财管理制度》，以有效防范投资风险。 ...

Core Viewpoint - Shandong Province is projected to surpass a GDP of 10 trillion yuan by 2025, becoming the third province in China and the first in Northern China to achieve this milestone, indicating its significant role as an economic growth engine in the region [1][11]. Economic Performance - In the first 11 months of 2025, Shandong's industrial added value increased by 7.7%, with 36 out of 41 industries experiencing growth, reflecting a growth rate of 87.8% [2][8]. - The total retail sales of consumer goods reached 3.81 trillion yuan, growing by 5.2%, which is 1.2 percentage points higher than the national average [4][11]. - The total import and export volume reached 3.19 trillion yuan, with a growth of 4.6%, also exceeding the national average [4][11]. Investment Trends - Fixed asset investment in Shandong decreased by 6.8%, but industrial investment grew by 3.5%, indicating a shift towards quality and structural upgrades [3][11]. - Investment in clean energy sectors, such as electricity and heat production, surged by 31.6%, with clean power investments growing by 38% [3][11]. Consumption Dynamics - Upgraded consumer goods, such as communication devices and cultural office supplies, saw retail sales growth of 28.2% and 20.7%, respectively [4][11]. - Online retail sales reached 218.29 billion yuan, growing by 16.7%, significantly outpacing the national average [4][11]. Trade and Export - Exports of "new three items" (new energy vehicles, lithium batteries, solar batteries) have maintained double-digit growth, highlighting a shift in trade structure [4][11]. - Trade with countries involved in the Belt and Road Initiative reached 2.04 trillion yuan, accounting for 64.1% of Shandong's total trade [4][11]. Urban Development - Shandong's economic growth is supported by a tiered urban development strategy, with cities like Qingdao, Jinan, and Yantai leading the way in GDP growth [5][11]. - The province has 13 cities ranked among the top 100 in the country, indicating strong regional economic resilience [2][11]. Industrial Structure - The agricultural sector remains robust, with a total output value of 896.35 billion yuan, growing by 4.3% [8][11]. - The industrial sector's added value increased by 7.7%, with significant contributions from the chemical, automotive, and aerospace industries [9][11]. - The service sector's added value reached 42.14 trillion yuan, growing by 6.1%, making it a key driver of economic growth [9][11]. Digital Economy and Innovation - The digital economy is expected to exceed half of the total economic output, with a notable increase in high-tech industries [9][11]. - Shandong has the highest number of national-level industrial internet platforms, totaling 46, indicating a strong focus on digital transformation [9][11].

Group 1 - The core point of the article is the recent changes in the ownership structure of Sunyu Aolai Micro-Nano Optics (Shanghai) Co., Ltd, with GoerTek Optical Technology Co., Ltd becoming the sole shareholder [1] - The original shareholders, including Ningbo Sunyu Aolai Technology Co., Ltd and two investment partnerships, have exited the company [1] - The company was established in December 2022 with a registered capital of 773 million RMB, focusing on the manufacturing and sales of optical instruments and optical glass [1] Group 2 - Ye Lianong has stepped down as the legal representative, with Rao Yi taking over the position [1] - There have been changes in some key personnel within the company [1] - A similar ownership change occurred previously in Sunyu Aolai Optoelectronic Information Technology (Shanghai) Co., Ltd, where GoerTek Optical Technology Co., Ltd also became the sole shareholder [1]

Group 1 - The project for the second phase of Goer’s virtual reality complete machine officially commenced on January 8, with a total investment of 1.6 billion yuan and an expected completion date in 2027 [1][3] - The project will cover a total construction area of 228,000 square meters and will include three factories and an administrative center, aimed at producing virtual reality complete machines, AI smart glasses, and core components [3][5] - Upon reaching full production by 2030, the project is expected to generate an annual output value exceeding 10 billion yuan and tax revenue of over 150 million yuan [3][5] Group 2 - This initiative follows the first phase of the virtual reality complete machine and optical module projects, marking another significant industrial layout for Goer in Laoshan [3][7] - The first phase of the project involved a total investment of 6 billion yuan, covering an area of 214 acres and a planned construction area of 350,000 square meters, with production expected to commence in 2027 [7] - The collaboration between China State Construction Engineering Corporation and Goer represents a deepening strategic partnership in the fields of virtual reality and smart hardware, contributing to Goer’s competitive positioning in the global VR industry [5]

Core Technology Innovations - Goertek unveiled new technology solutions at CES 2026, focusing on acoustics and sensing to enhance immersive interaction in consumer electronics [1] - The company introduced the industry's first OWS earbuds reference design, integrating acoustics, vision, and AI for high-quality audio and advanced photography capabilities [2][3] Acoustics and Audio Solutions - Goertek showcased new SPK platforms and MEMS acoustic sensors aimed at addressing the challenges of thin designs while maintaining high-fidelity audio [5] - The LBS speaker platform was introduced to improve loudness and reduce sound leakage, resolving trade-offs in open-style designs [6] - The company launched an ultra-thin, large-volume F platform for foldable devices, along with upgraded versions of existing audio drivers and a targeted portfolio for smart glasses [7] Haptic Technology - Goertek's "Dual" Dual-Frequency Bi-Directional System provides a "true 4D vibration" experience, enhancing tactile sensations in compact devices [8] MEMS Sensors and Audio Algorithms - Goermicro displayed innovations in MEMS acoustic sensors, including a compact IP68 sensor designed for smartphones and smartwatches, achieving high reliability in a small footprint [11] - The VPU sensor captures voice vibrations while isolating noise, offering a leading solution for AI glasses [12] - Goertek's ASR Front-End Processing Solution enhances voice recognition accuracy in noisy environments, achieving 98% near-field and 97% far-field recognition [13] Future Directions - Goertek aims to continue advancing core technologies in acoustics and sensing, focusing on translating innovations into differentiated product experiences and long-term industry value [14]

Core Insights - Goertek showcased its innovations at CES 2026, introducing the "XR New Year Package" which includes advanced AR and MR technologies, highlighting the company's role in the XR ecosystem and China's smart manufacturing capabilities [1][28] Group 1: Flagship Innovation - The "Rubis" binocular full-color AR glasses feature a Tri-Chip architecture and EMG interaction, addressing the challenges of display quality, computational efficiency, and user interaction [2][4] - "Rubis" incorporates a proprietary full-color etched waveguide display module, enhancing adaptability and minimizing obstruction of the user's field of view [3] - The glasses utilize a heterogeneous architecture that optimizes data processing and enables an "Always-On AI" experience with low power consumption [4] Group 2: Lightweight AI Glasses - The "Spinel" AI glasses reference design weighs only 35g, combining a fashionable design with high-definition imaging capabilities for all-day wear [8] - It supports 4K photo capture and 1080p video recording, enhanced with EIS and HDR, making it suitable for everyday documentation and high-quality video output [9] - The device features proactive AI visual perception, allowing it to anticipate user needs through continuous low-power environmental capture [10] Group 3: Modular Accessory Solution - The "Rox Vision" AI Smart Glasses Accessory offers a modular approach, allowing traditional eyewear users to add AI capabilities without compromising their existing glasses [11][12] - It maintains comfort and functionality with a weight under 15g, integrating high-resolution imaging and audio interaction [14][15] Group 4: MR Headset Innovation - Goertek's Ultra-Lightweight MR Reference Design reduces headset weight to approximately 100g, significantly enhancing user comfort for extended use [17] - The design features a 4K Micro-OLED display and advanced interactive solutions, supporting media consumption and casual gaming [18] Group 5: Optical Solutions - Goeroptics introduced the "F15Pi" full-color polymer optical module, achieving over 92% transmittance and eliminating optical artifacts, making it suitable for lightweight AR eyewear [20] - The company also showcased advancements in Electrically Tunable Liquid Crystal Lens technology, addressing vergence-accommodation conflict and improving user comfort [25][26][27] Group 6: Industry Outlook - Goertek's diverse technical approaches indicate a maturing XR ecosystem, with the potential for broader commercialization as the market responds to various implementations [29]

Summary of 康耐特光学 Conference Call Company Overview - 康耐特光学 is a leading resin lens manufacturer globally, ranked second in sales and covering over 90 countries and regions [2][6] - The company has a strategic investment from 歌尔股份, holding approximately 20% of shares, enhancing its position in the AI glasses supply chain [2][6] Industry Insights - The AI glasses market is expected to grow significantly, with 康耐特光学 projected to capture a 30% market share, increasing average selling prices to 300-400 RMB and achieving a net profit margin of 30-35% [2][3] - The global market for AI glasses could reach 600 million units, corresponding to a market size of 2 trillion RMB [4][15] Financial Performance - From 2018 to 2024, 康耐特光学's revenue is expected to grow at a CAGR of 16%, with net profit growing at 33%, reaching 430 million RMB by 2024 [2][7] - The company’s gross margin is projected to increase from 35% in 2020 to 41% by 2025, with net profit margin rising from 12% to 25% [7] Product and Market Strategy - High refractive index lenses are a key driver for profitability, with 康耐特光学 being the only domestic producer of 1.74 refractive index lenses, holding a 50% market share [2][8][10] - The company employs a C to C to N customization model, achieving a 60% gross margin on customized lenses, which currently represent 19% of total sales [2][13] Competitive Landscape - 康耐特光学 benefits from a cost advantage over imported brands while maintaining quality, allowing it to capture significant market share in high refractive index lenses [10][11] - The company is positioned to respond quickly to market demands and expand its market share through overseas production facilities in Japan and Thailand [4][14][21] Future Growth Potential - The company’s valuation is currently around 460 billion RMB, with potential for 2-3x growth, driven by the AI glasses market and new national subsidy policies [4][5] - The expected increase in net profit from AI glasses could elevate the profit margin to 30-35%, with a potential revenue increase of 1.2 billion RMB from XR business [22] Key Risks and Considerations - The company faces competition from global leaders like 依视路, which may limit its market share growth despite its technological advantages [21] - The impact of tariffs on overseas markets has been noted, but the establishment of production facilities abroad is seen as a mitigating factor [14] Conclusion - 康耐特光学 is well-positioned to capitalize on the growing AI glasses market, with strong financial performance, innovative product offerings, and strategic international expansion plans. The company’s unique capabilities in high refractive index lenses and customization are expected to drive future growth and profitability [2][3][4][22]

Group 1 - The report highlights the explosive growth in global electrification and energy storage demand, providing significant development opportunities for the battery industry, particularly for lithium-ion batteries from China [1][9]. - China's lithium-ion battery industry exhibits three major development characteristics: green compliance with environmental standards, deepening global layout through technology and management system exports, and accelerated vertical integration among leading companies [1][2]. - Key export markets for Chinese lithium-ion batteries include Vietnam, the United States, and India, with notable high-frequency and high-value purchasers emerging in these regions [2][21][23]. Group 2 - Each core export country has established clear import regulations and certification thresholds, necessitating compliance with local standards and testing procedures for Chinese manufacturers [2][28]. - Despite facing multiple challenges, the industry is transitioning towards a dual-driven model of technological upgrades and compliance, aiming to enhance global competitiveness [2][31]. - The report indicates that from 2020 to 2025, the overall export value of Chinese batteries is expected to rise significantly, with a projected growth rate of 24.22% by 2025 compared to the same period [14]. Group 3 - The report outlines the procurement situation in Vietnam, where approximately 2,000 purchasers engaged in transactions, resulting in a total transaction value of $5.19 billion [18]. - In the U.S. market, 847 purchasers participated in transactions, with a total transaction value of $5.41 billion, indicating strong demand [21]. - India's market saw around 1,000 purchasers involved in transactions, with a total transaction value of $3.4 billion, reflecting robust market activity [23]. Group 4 - The report emphasizes the need for Chinese companies to adapt to increasing compliance requirements and local market conditions, which are becoming critical for maintaining export competitiveness [28][31]. - The industry is witnessing a shift from price competition to a focus on technology and compliance, driven by rising regulatory standards in key markets [31][32]. - The challenges faced by the industry include supply chain constraints, technological iteration pressures, and heightened compliance thresholds, necessitating a strategic focus on local adaptation and technological innovation [32][33].

Group 1 - Dongguan's tech enterprises showcased their innovative capabilities at CES 2026, reinforcing the city's position as a leader in technological innovation [1][2] - XbotPark, located in Dongguan, featured multiple companies in the Eureka Park section, highlighting the breadth and depth of Chinese manufacturing [4] - Ludens AI presented two companion robots, Cocomo and Inu, which focus on emotional interaction and user engagement, attracting significant media attention [7][12] Group 2 -墨现科技 introduced a flexible pressure sensor solution aimed at various industries, demonstrating strong technological advancements and securing nearly 100 million in funding over the past year [14][15] - Cloud Whale Smart released the Flow 2 robot vacuum and other AI-driven cleaning products, while Kuka Technology showcased the upgraded LUBA 3 AWD lawnmower, emphasizing Dongguan's leadership in outdoor smart devices [15][18] - Dongguan's shared factory model has connected over 120 suppliers and facilitated the development of products for global tech startups, enhancing the region's supply chain capabilities [18][20] Group 3 - Leading manufacturing company Lingyi Intelligent debuted at CES, showcasing a comprehensive robotics technology matrix, aiming to become a top player in the global intelligent hardware market [20][22] - Multiple Dongguan enterprises presented diverse technological innovations across various sectors, including AI, metaverse, and gaming peripherals, contributing to a new narrative for Chinese hard tech [22]