A speaker is disclosed, which comprises a vibration system and a magnetic circuit system cooperating with the vibration system. The vibration system includes a speaker diaphragm, the speaker diaphragm comprises two surface layers compounded together and at least one intermediate layer positioned between the two surface layers, at least one of the surface layers is a thermoplastic polyester elastomer film layer, the at least one intermediate layer is an adhesive layer, the speaker diaphragm has Young's modulus of 5-700 MPa and an amplitude of 0.25 mm-1 mm, and the speaker has F0 of 150-1500 Hz. The speaker has a good sounding effect.