A few days ago, Goertek released its financial report for the first half of 2023, with total revenue of 45.173 billion RMB, a year-on-year increase of 3.6%; net profit attributable to shareholders of listed companies was 422 million RMB, a year-on-year decrease of 79.71%.
It is learned from Goertek’s financial report that the company’s revenue from precision components was 5.204 billion RMB, a year-on-year decrease of 8.39%, and its gross profit margin fell by 1.61%; the revenue of smart acoustic complete machines was 9.254 billion RMB, a year-on-year decrease of 24.99%, and its gross profit margin fell 5.07%; smart hardware revenue was 29.318 billion RMB, a year-on-year increase of 18.17%, and the gross profit margin fell by 6.92%.
At present, GoerTek’s main products include precision components such as acoustics, optics, microelectronics, and structural parts, as well as TWS smart wireless headsets, VR virtual reality/AR augmented reality, smart wearables, smart home video game consoles and accessories, smart Home and other smart hardware products.
▲ Picture source Goertek official website
Goertek stated that the increase in revenue was due to the increase in sales revenue of the company’s smart game consoles and other products during the reporting period. At the same time, the company’s analysis pointed out that in the first half of the year, the terminal market demand of the global technology and consumer electronics industry shrank, and the market performance of traditional and emerging smart hardware products was generally lower than expected.
Goertek also stated that the overall market demand for traditional and emerging smart hardware products is insufficient, and customer terminal sales are lower than expected, which has adversely affected the company’s revenue growth, capacity utilization, and profitability in the first half of the year. affect the company’s operating performance.
