GoerTek(002241) 新浪财经·2025-04-25 08:38Group 1: Financial Performance - Company reported Q1 2025 revenue of 16.3 billion, a year-on-year decrease of 15.6% [1] - Net profit attributable to shareholders was 470 million, a year-on-year increase of 24% [1] - Non-recurring net profit was 290 million, a year-on-year increase of 6%, with 150 million from foreign exchange derivatives and fair value remeasurement [1] - Gross margin improved to 12.4%, up 3.2 percentage points year-on-year and 2.1 percentage points quarter-on-quarter [1] Group 2: Market Position and Growth Potential - Company is positioned to capitalize on the AI/AR glasses market, with global shipments expected to reach 12.05 million units in 2025, a year-on-year growth of 18% [2] - The company has strong capabilities in precision acoustics, optics, and integrated design, holding a leading position among global industry clients [2] - Anticipated growth in AI glasses shipments will benefit the company as it serves major domestic and international brands [2] Group 3: Strategic Actions and Future Outlook - The controlling shareholder plans to increase holdings by 500-1,000 million using special loans and own funds, with the buyback plan also set at 500-1,000 million [3] - The company’s Vietnamese subsidiary is projected to generate over 20 billion in revenue for 2024, a year-on-year increase of 4%, with net profit rising by 93% to 1.32 billion [3] - Earnings per share are forecasted at 1.02, 1.29, and 1.57 for 2025-2027, with a target price of 28.56 based on a 28x PE ratio for comparable companies [3]