未来，歌尔将聚焦消费电子、AI+元宇宙等核心领域，深化 GPS 体系发展与场景落地，持续在智能制造 领域探索与系统化建设，从"制造"迈向"智造"赋能产业升级。 近日，中国电子技术标准化研究院(以下简称 "中国电标院")公示新一批智能制造能力成熟度(CMMM)认 证企业名单，歌尔的智能穿戴、智能家居等多条前沿消费电子整机产线顺利通过 CMMM L4 级(优化级) 认证。这是歌尔继今年 7 月以扬声器及受话器等核心精密零组件业务拿下同级别认证后，再度斩获该领 域当前最高等级认证，成为行业内少数实现 "精密零组件 + 智能硬件整机" 双赛道均达 CMMM L4 级标 准的企业。 歌尔两次斩获 L4 级认证，是其长期深耕智能制造、坚持 "精密零组件 + 智能硬件整机" 深度融合战略 的必然成果。早在精密零组件领域，扬声器及受话器业务作为歌尔率先布局的领域，通过多年技术沉淀 构建了完善的智能生产体系，率先取得L4级认证，也为整机制造的发展奠定了坚实基础。本轮认证， 歌尔以智能穿戴等多条前沿产品线为评估主体，接受了组织战略、工艺设计、设备管理等 17 个核心能 力子域的全面检验，其自主构建的 GPS(Goertek Pr ...

和网球名将郑洁对战是什么感觉？在11月21日举行的2025青岛虚拟现实创新大会上，记者在现场沉浸式 体验了一番VR带来的乐趣。虽然大比分输了，但与网球名将"隔空"挥拍的快乐依然真实可感。 记者了解到，国家虚拟现实创新中心（青岛）以网球运动为切入口，创造性地推出了VR数智体教融合 平台，为网球运动带来了全新的视角和玩法。现场工作人员表示，VR网球赛通过VR设备呈现出虚拟的 网球场景，并且完全不受空间的限制，可以在家里就完成网球训练。 此次大会以"虚实无界 智享未来"为主题，聚焦创新应用、产业集聚、成果转化、人才培育，全面呈现 了虚拟现实全产业链的前沿动态和创新应用。大会现场，歌尔、大朋VR等30余家国内外领先企业带来 的一批创新成果惊艳亮相，从沉浸式文娱到工业级应用，虚拟现实技术已深度赋能千行百业，并以其独 特的沉浸式体验改变着人们的生活，虚拟与现实的边界正被重构。 在主题演讲环节，围绕"深耕AI+元宇宙 开启虚实相融新世界"，歌尔集团有限公司副董事长、歌尔股份 有限公司副董事长兼总裁姜龙表示，全球正迈入"AI+元宇宙"时代，AI眼镜将成为下一代重要终端，未 来5—8年有望部分取代智能手机。 记者在会上了解到， ...

Core Viewpoint - Shanghai Lingang reported significant improvements in operational performance, with a focus on sustainable growth and innovation in emerging industries [1][2][3][4][6][7] Financial Performance - The company achieved operating revenue of 2.74 billion yuan and a net profit attributable to shareholders of 331 million yuan, representing an 8.42% year-on-year increase [1] - The total assets reached 86.08 billion yuan, with net assets attributable to shareholders at 18.80 billion yuan [1] - The operating service revenue for the first half of the year was approximately 217 million yuan [4] - The company distributed cash dividends of 0.20 yuan per share, totaling about 504 million yuan, with a cash dividend ratio of 46.01% [6] Strategic Focus - The company is concentrating on three core sectors: integrated circuits, biomedicine, and artificial intelligence, while also targeting advanced fields such as humanoid robots and satellite internet [2][3] - It aims to enhance its operational capabilities through a composite model of "operational services + industrial investment + financial empowerment" [1][2] Investment and Development - The company is actively investing in innovative projects and has committed 800 million yuan to the Shanghai Pioneer Fund for artificial intelligence [4] - It has successfully completed REITs expansion issuance, which will help revitalize existing assets and promote innovative financing models [6] Innovation and Ecosystem - The company is developing innovation platforms such as the disruptive technology center and humanoid robot incubator to foster benchmark projects [2][3] - It is enhancing its role as an integrated service provider and total operator in the innovation ecosystem, focusing on long-term value creation for stakeholders [7]

Investment Rating - The investment rating for the company is maintained as "Buy" with a target price of 29.26 RMB [5][6]. Core Views - The company reported a revenue of 16.305 billion RMB in Q1 2025, a year-over-year decrease of 15.6%, but with a gross margin improvement to 12.4%, up 3.2 percentage points year-over-year [1]. - The net profit attributable to the parent company was 469 million RMB, reflecting a year-over-year increase of 23.53% [1]. - The company is expected to face revenue challenges due to a decline in VR/PS5 industry shipments, but the AI glasses and AR headsets are positioned well for growth starting in 2025 [2][4]. Summary by Sections Financial Performance - In Q1 2025, the company achieved a revenue of 16.305 billion RMB, with a gross margin of 12.4% [1]. - The net profit attributable to the parent company was 469 million RMB, showing a year-over-year increase of 23.53% [1]. - The company anticipates a revenue decline of 4% in 2025, projecting total revenue of 96.871 billion RMB, while net profit is expected to grow by 23% to 3.29 billion RMB [2]. Product Outlook - The company is well-positioned in the AI glasses and AR headset markets, which are expected to drive growth starting in 2025 [2][3]. - The smart acoustic device segment is projected to grow by 6% in 2025, with an expected gross margin recovery to 9.9% [2]. Valuation and Estimates - The company maintains net profit estimates of 3.29 billion RMB for 2025, 3.81 billion RMB for 2026, and 4.28 billion RMB for 2027 [4]. - The target price is set at 29.26 RMB, based on a PE ratio of 31x for 2025, reflecting the company's strong positioning in AI and AR markets [4].

Group 1 - The core viewpoint of the article highlights that after a significant shareholding increase plan was disclosed in February, the chairman of GoerTek proposed a share buyback plan amid a wave of buybacks in the A-share market [1] - GoerTek plans to repurchase shares with a total fund amount not less than 500 million yuan (approximately 71 million USD) and not exceeding 1 billion yuan (approximately 142 million USD) [1] - The purpose of the share buyback is to be used for employee stock ownership plans or equity incentive plans [1] Group 2 - GoerTek emphasizes its strong operational status and long-term investment value, stating that competition in the consumer electronics sector has evolved into a comprehensive battle of ecosystems rather than just hardware [1] - The company positions itself as a key driver in the development of AI and the metaverse, leveraging its advantages in hardware manufacturing, technological innovation, and ecosystem collaboration [1] - Despite short-term market volatility, the management expresses confidence in the company's long-term healthy development and aims to convey this confidence to investors [2] Group 3 - The recent announcement by the U.S. to impose "reciprocal tariffs" on all trading partners is expected to have limited direct impact on GoerTek, as the consumer electronics industry typically uses FOB terms, with import tariffs generally borne by importers [1] - The A-share market has seen a surge in buyback announcements from over a hundred listed companies, which has boosted market confidence [2] - Analysts believe that multiple positive factors will ensure the long-term upward trend of the Chinese capital market, with current low valuations and stable fundamentals enhancing investment attractiveness [2]

智通财经4月8日电，歌尔股份在互动平台表示，消费电子行业出口中较多采用FOB等条款，进口环节关 税一般由进口商承担，因此相关关税政策的直接影响较为有限。资本市场短期剧烈波动可以理解，但希 望大家看到公司通过长期创新研发和投入构建的核心竞争力，在"AI+元宇宙"领域内的战略布局和竞争 优势，和头部客户的长期战略合作和在相关产业链内的重要地位。虽有短期波动，但管理层和全体员工 对公司长期健康发展充满信心，希望也将信心传递给投资者。 歌尔股份：美国加征关税对公司直接影响有限 ...