On December 8, Goertek Inc. issued an announcement stating that the company and Goertek Optics Technology Co., Ltd. have completed a share swap transaction and capital increase with the relevant parties. After the share swap transaction, the company's shareholding ratio in Goertek Optics changed from 56.6560% to 37.7707%.
Meanwhile, the company and Ningbo Sunny Optical Technology Co., Ltd. invested RMB 200 million in Goertek Optics, increasing their shareholding to 38.5713%. After the share swap and capital increase, Goertek Optics' registered capital increased to RMB 1,699,815,664. According to accounting standards, Goertek Optics will no longer be included in the company's consolidated financial statements, resulting in an increase of approximately RMB 2 billion in investment income for the company this year.
The successful completion of this transaction not only optimized Goertek's equity structure and capital allocation, but also helped it solidify its foundation for R&D and market expansion in the optical field. Goertek will continue to focus on its core business development, while Goertek Optics, with the support of diversified shareholders, will further deepen its involvement in the optical industry chain and contribute more to the industry's development.
According to public information, Goertek's main businesses are precision components, smart acoustic devices, and smart hardware. Goertek Optics, on the other hand, has long focused on precision optics-related businesses, with a comprehensive portfolio of precision optical components such as waveguides. In February of this year, Goertek Optics released the StarG-E1, an AR full-color waveguide display module using a Micro LED solution.
In the AR/VR business, Goertek has made several strategic moves this year, including establishing new companies and acquiring other businesses.
Earlier this year, the company registered "Goertek Optoelectronics Technology (Qingdao) Co., Ltd." in Qingdao, with business covering VR equipment, optical instruments, display devices, and eyewear manufacturing. In July, the company planned to acquire two precision structural component companies under Hong Kong's Lianfeng Group for approximately RMB 9.5 billion, but the transaction was terminated on October 17 due to a failure to reach an agreement on key terms.
In addition, Goertek completed the acquisition of 100% equity of Shanghai AOLI, a subsidiary of Sunny Optical, through a share issuance in August, and introduced Ningbo AOLI as a strategic shareholder. Shanghai AOLI possesses wafer-level optical waveguide and micro-nano optical device technologies, which can be used for thinner and lighter AI/AR glasses displays. In the same month, Goertek, through its Hong Kong subsidiary, provided a US$100 million loan with equity proceeds to Haylo Labs in the UK, which will be used to acquire Micro LED company Plessey and complete its capacity expansion.
In terms of financials, Goertek achieved operating revenue of RMB 30.557 billion in the third quarter, a year-on-year increase of 4.42%; net profit attributable to the parent company was RMB 1.171 billion, a year-on-year increase of 4.51%. From the beginning of the year to the end of September, the company's cumulative operating revenue reached RMB 68.107 billion, a year-on-year decrease of 2.21%, and net profit attributable to the parent company was RMB 2.587 billion, a year-on-year increase of 10.33%. (Compiled)
