Goertek releases latest results, AI glasses business has grown significantly

On April 23, Goertek released its 2025 annual report and 2026 first quarter results.

As the world's leading provider of vertically integrated solutions for precision components and intelligent hardware complete machines, its business covers three major segments: precision components, intelligent acoustic complete machines and intelligent hardware. In 2025, Goertek achieved operating income of 96.55 billion yuan, a decrease of 4.36% from the same period last year; it achieved net profit attributable to shareholders of listed companies of 3.940 billion yuan, an increase of 47.85% from the same period last year. %; operating cash flow reached 6.849 billion yuan, a year-on-year increase of 10.46%; the annual R&D investment was 5.026 billion yuan, a year-on-year increase of 10%, accounting for 5.21% of total revenue; a total of more than 37,000 patents have been applied for.

During the reporting period, Goertek's operating income declined slightly, mainly due to the product life cycle and iteration rhythm of individual smart machine projects, while the substantial increase in net profit benefited from the company's promotion of its subsidiary Goertek Optics to integrate industrial resources through capital operations, which enhanced competitiveness in the field of precision optics while generating considerable investment returns.

Although the full-year profit increased, the company faced overseas supply chain adjustments caused by international trade disputes and fluctuations in tariff policies in the fourth quarter. The Vietnam base experienced labor shortages during the peak period of the project, and comprehensive labor costs increased significantly, causing short-term fluctuations in single-quarter profits. The company has actively responded by optimizing business terms and improving automation levels, and the impact is expected to be gradually alleviated.

Entering the first quarter of 2026, Goertek’s operating conditions have recovered significantly. During the period, operating income was 18.659 billion yuan, a year-on-year increase of 14.44%; net profit attributable to shareholders of listed companies was 503 million yuan, a year-on-year increase of 7.28%.

The performance of non-net profit was particularly impressive, reaching 349 million yuan, a year-on-year increase of 19.57%. The recovery in first-quarter performance is mainly due to the steady growth of the company's precision components business, as well as the explosive growth and first-mover advantage in emerging smart hardware tracks such as AI smart glasses. At present, the company's financial status is stable, with total assets reaching 92.612 billion yuan, and net assets attributable to shareholders of listed companies being 37.376 billion yuan.

Looking to the future, Goertek will continue to deepen its product strategy of precision components and intelligent hardware. The company is closely following the development trend of artificial intelligence large models and agents, actively deploying end-side AI intelligent hardware, and focusing on expanding AI smart glasses, mixed reality, augmented reality and automotive electronics businesses.

By improving Goertek’s manufacturing system and deeply applying AI technology to optimize the entire production chain, the company is committed to creating a digital and intelligent manufacturing model. At the same time, the company adheres to the strategy of major customers, conducts forward-looking research and development around the needs of global technology leaders, and strives to open up new growth space through technological innovation in the post-mobile era of consumer electronics.