2023-06-08-深交所-歌尔股份_2022年年度报告（英文版）_234页_3mb

报告摘要

Goertek Inc. 2022 Annual Report Summary

Core Content and Key Information

This document is the 2022 Annual Report of Goertek Inc., published in April 2023. It outlines the company's financial performance, management discussion, corporate governance, and key business segments. The report also includes glossary terms, accounting data, and non-recurring profit and loss items.

Main Business Segments

Goertek Inc. operates in three main business segments:

Precision Components Business
- Focuses on acoustics, optics, microelectronics, and structural components
- Key products: micro speakers/receivers, speaker modules, haptic components, MEMS microphones, MEMS sensors, microsystem modules, VR/AR optical components, precision structural parts, etc.
- Applied in smartphones, tablets, TWS earphones, VR/AR devices, smart wearables, and smart home devices
Smart Audio Device Business
- Focuses on audio, voice interaction, and AI technologies
- Main products: smart wireless earphones (TWS), wired/wireless earphones, smart speakers, etc.
Smart Hardware Business
- Focuses on entertainment, health, and home security
- Main products: VR/AR devices, smart wearables, gaming consoles and accessories, smart home products, etc.

Financial Highlights (2022 vs 2021 vs 2020)

Item	2022 (RMB)	2021 (RMB)	2020 (RMB)	Year-on-Year Change
Operating Revenue	104,894,324,162.26	78,221,418,618.02	57,742,742,893.96	+34.10%
Net Profit (Shareholders)	1,749,181,131.83	4,274,702,999.38	2,848,007,269.61	-59.08%
Net Profit (Excluding Non-recurring)	1,627,378,630.73	3,832,421,177.27	2,758,911,040.03	-57.54%
Net Cash Flow from Operating Activities	8,317,113,364.68	8,598,475,527.88	7,682,256,113.68	-3.27%
Basic Earnings per Share	0.52	1.29	0.89	-59.69%
Diluted Earnings per Share	0.52	1.28	0.89	-59.38%
Weighted Average Return on Net Assets	6.17%	17.61%	16.40%	-11.44%
Total Assets	77,176,355,467.91	61,079,051,133.27	49,117,826,313.41	+26.35%
Net Assets (Shareholders)	29,491,882,199.49	27,327,747,993.97	19,653,252,273.26	+7.92%

Key Non-recurring Profit and Loss Items

Item	2022 (RMB)	2021 (RMB)	2020 (RMB)	Explanation
Disposal of non-current assets	122,922,237.61	-122,148,708.58	-219,544,001.32	Investment income from disposal of equity
Government subsidies	351,383,799.43	464,119,437.91	221,372,903.17	Special funds for innovation, etc.
Fair value changes and hedging	-367,080,970.87	185,179,920.90	102,685,404.04	Gains from foreign exchange derivatives
Other non-recurring items	15,710,102.76	13,554,671.71	5,874,633.40	Tax benefits, investment income
Less: Impact of income tax	-26,114,589.64	-84,270,186.15	-21,159,380.84	-
Impact of minority interests	-17,306,309.42	-16,756,676.88	-3,369,723.42	-
Total	121,802,501.10	442,281,822.11	89,096,229.58	-

Industry Situation and Outlook

The global technology and consumer electronics industry is transitioning from the mobile era to the post-mobile era, driven by 5G, AI, and smart interaction technologies.
Smartphone shipments declined by ~11% YoY in 2022 due to macroeconomic weakness and high inflation in Europe and the US.
VR shipments also declined in 2022, but top three VR brands still showed growth.
AR products are in the early stages of development, with limited market size but high potential.
TWS smart earphones saw ~13% YoY growth, while smart speakers declined by ~8.6%.
Smart wearable products (e.g., smart watches) grew by ~9.4% YoY.
The Company's position in the industry has improved, especially in VR, TWS, smart wearables, and smart home products.

Risks and Challenges

The Company faces market, operational, and management risks.
Global supply chain challenges and adverse macroeconomic conditions may impact business performance.
Uncertainty about the Company's ability to continue as a going concern was noted in the latest auditor's report.

Corporate Governance and Compliance

The Company and its directors, supervisors, and senior management guarantee the truthfulness, accuracy, and completeness of the report.
Jiang Bin is the legal representative, and Li Yongzhi is the accounting supervisor.
The financial statements are signed and sealed by Zhongxi Certified Public Accountants (special general partnership).
The Company has no changes in registered address, main business, or controlling shareholders.
Accounting data is consistent under Chinese and international standards.

Information Disclosure

The report is available on the Shenzhen Stock Exchange website and in designated media such as Securities Times and CNINFO.
The Company's website is http://www.goertek.com, and the IR contact email is ir@goertek.com.

Competitive Advantages

The Company has industry-leading precision and intelligent manufacturing capabilities.
It owns many intellectual property rights in the precision parts and components field.
It has rich experience in product and project development through ODM and JDM business models.
It maintains long-term relationships with global leading clients in the technology and consumer electronics industry.

Summary of Key Points

Financial Performance: Revenue increased by 34.10% in 2022, but net profit dropped significantly by 59.08%.
Market Trends: The industry is shifting from mobile to post-mobile era, with VR/AR, smart wearables, and TWS being key growth areas.
Risks: Macroeconomic weakness, inflation, and supply chain challenges pose risks.
Competitive Edge: Strong precision manufacturing, intellectual property, and client relationships.
Corporate Governance: The report is accurate and compliant, with no changes in key corporate details.
Disclosure: The report is publicly available and meets all information disclosure requirements.