Goertek's revenue in the first half of 2024 dropped 10.60% year-on-year, and its net profit was 1.225 billion yuan, a year-on-year increase of 190.44%

News from this site on August 15. Goertek announced on August 14 that in the first half of 2024, it achieved operating income of 40.382 billion yuan, a year-on-year decrease of 10.60%; it achieved net profit attributable to the parent company of 1.225 billion yuan, a year-on-year increase of 190.44%.

The announcement stated that in the first half of 2024, the global consumer electronics industry has recovered, and the market demand for some emerging smart hardware products has picked up. Goertek has completed various important tasks such as business expansion, project delivery, and operation improvement, and has promoted the significant restoration of the company's profitability.
During the reporting period, with the slow recovery of terminal demand in the consumer electronics industry, the company's precision component business, intelligent acoustic complete machine business, and VR/MR/AR, smart wearable and other segmented product line businesses in the intelligent hardware business segment all made progress. However, affected by factors such as the normal decline in the volume of individual smart hardware projects in the later stages of the product life cycle, the company's operating income in the first half of the year declined slightly year-on-year. During the reporting period, the company continued to improve its lean operations and promote profitability restoration, and achieved significant results. The company's profitability in the first half of the year increased significantly year-on-year.
This site noticed that Goertek’s R&D investment in the first half of 2024 dropped by 6.99% year-on-year, and operating costs dropped by 14.67% year-on-year.
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