The leading acoustic and VR complete machine company Goer (002241.SZ) has ushered in the harvest period.

 

On August 30, Goer released its first-half earnings report. The report shows that in the first half of 2022, Goer's revenue was 43.6 billion yuan, up 44% year-on-year; net profit was 2.1 billion yuan, up 20% year-on-year.

 

For the growth of performance, Goer said, thanks to the VR virtual reality, intelligent home video game consoles and accessories, TWS smart wireless headphones, smart wearable and other intelligent hardware products and related precision components products continued to grow, the company's operating income and net profit achieved more significant growth, industry position has been further consolidated.

 

 

It is understood that Goer's operating income mainly comes from precision components, intelligent acoustic machine, intelligent hardware and other three aspects.

 

Among them, the first half of the precision components business revenue of 5.68 billion yuan, down 6.13%; gross margin of 22.20%, down 1.165. The product focus on acoustics, optics, microelectronics, structural components and other product directions, products are widely used in smart phones, tablet PCs, smart wireless headphones, VR virtual reality, AR augmented reality, smart wearable, smart home and other end products in the

 

 

Intelligent acoustic whole business revenue in the first half of 12.3 billion yuan, down 1.24% year-on-year; gross margin of 9.12%, down 1.33% year-on-year. Products mainly focus on the direction of products related to acoustics, voice interaction, artificial intelligence and other technologies, the main products include TWS intelligent wireless headphones, wired/wireless headphones, smart speakers, etc.

 

Benefiting from the growth of sales revenue of VR virtual reality, intelligent game host and other products, Goer's intelligent hardware business revenue in the first half of 24.8 billion yuan, up 124.71% year-on-year; gross profit of 12.79%, down 1.32% year-on-year.

 

According to Tide Electric Intelligence, Goer has been laying out VR/AR industry since 2012, and now occupies 70% market share of global mid-to-high-end virtual reality headsets, and takes the lead in introducing the world's leading 12-inch nano-imprinting production line to build the world's leading high-end optical component industry base for VR/AR.

 

 

From the half-yearly financial report, it can be seen that the gross profit margin of each product of Goer has declined to different degrees. In addition, Goer's operating costs and management expenses also increased significantly in the first half year. Among them, operating costs were about 38 billion yuan, up 46% year-on-year; management expenses were 1.046 billion yuan, up 22% year-on-year.

 

In the first half of the year, Geer invested 2.071 billion yuan in research and development, an increase of 32% year-on-year.

 

Public information shows that Goer was founded in June 2001, listed on the Shenzhen Stock Exchange in May 2008, is a global layout of science and technology innovation enterprise, mainly engaged in acousto-optical precision components and precision structural components, intelligent machine, high-end equipment research and development, manufacturing and sales, has established a comprehensive competitiveness in a number of fields.

 

By the close of business on August 31, Geer shares closed at 32.48 yuan, up 0.19%. Compared with the highest point of 57.11 yuan on January 4 this year, nearly 9 months down 76%; total market 111 billion yuan.