Goertek announced that its subsidiary Goertek Microelectronics submitted an IPO application to the Hong Kong Stock Exchange

Goertek recently announced that its subsidiary Goertek Microelectronics has submitted an application to the Hong Kong Stock Exchange for the initial public offering of overseas listed foreign shares (H shares) and listing on the main board of the Hong Kong Stock Exchange. In 2011, Goertek's MEMS acoustic sensor business entered Apple's supply chain. As the MEMS business grew, Goertek established an independent entity, Goertek Microelectronics, in 2017 to undertake related MEMS business. In 2022, 2023 and the nine months ended September 30, 2023 and 2024, Goertek's operating income was RMB 3.121 billion, RMB 3.001 billion, RMB 2.147 billion (January-September 2023) and RMB 3.266 billion (January-September 2024), respectively; gross profit was RMB 578 million, RMB 517 million, RMB 350 million (January-September 2023) and RMB 634 million (January-September 2024), respectively; adjusted net profit (measured in accordance with non-International Financial Reporting Standards) was RMB 379 million, RMB 254 million, RMB 194 million (January-September 2023) and RMB 283 million (January-September 2024), respectively.