Core Viewpoint - Lanqi Technology is a leading global player in data processing and interconnect chip design, providing chip-based solutions for cloud computing and artificial intelligence, with strong technological capabilities [1] Group 1: Business Performance - In Q3 2025, Lanqi Technology achieved a revenue of 4.058 billion yuan, ranking 12th in the industry, surpassing the industry average of 2.912 billion yuan and the median of 1.156 billion yuan, but trailing behind the top two competitors, Haowei Group and Jiangbolong, with revenues of 21.783 billion yuan and 16.734 billion yuan respectively [2] - The main business composition includes interconnect chips generating 2.461 billion yuan, accounting for 93.44%, and server platform revenue of 168 million yuan, accounting for 6.37% [2] - The net profit for the same period was 1.576 billion yuan, ranking 4th in the industry, exceeding the industry average of 348 million yuan and the median of 107 million yuan, but lower than the top two competitors, Haowei Group and Haiguang Information, with net profits of 3.199 billion yuan and 2.841 billion yuan respectively [2] Group 2: Financial Health - As of Q3 2025, Lanqi Technology's debt-to-asset ratio was 10.87%, higher than the previous year's 5.68% but significantly lower than the industry average of 24.46%, indicating strong debt repayment capability [3] - The gross profit margin for Q3 2025 was 61.46%, an increase from 58.12% in the previous year, and well above the industry average of 36.52%, reflecting strong profitability [3] Group 3: Executive Compensation - The chairman, Yang Chonghe, received a salary of 9.99 million yuan in 2024, an increase of 1.9654 million yuan from 2023 [4] - The general manager, Stephen Kuong - Io Tai, also received a salary of 9.99 million yuan in 2024, up from 8.0226 million yuan in 2023 [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 36.10% to 92,900, while the average number of circulating A-shares held per account decreased by 26.50% to 12,300 [5] - The largest circulating shareholder is Hong Kong Central Clearing Limited, holding 145 million shares, an increase of 29.7274 million shares from the previous period [5] Group 5: Market Outlook - Pacific Securities noted that Lanqi Technology is benefiting from the accelerated iteration of DDR5 memory interface chips and the volume increase of high-performance products such as PCIe Retimer, MRCD/MDB, and CKD chips, projecting total revenues of 5.806 billion, 7.710 billion, and 9.893 billion yuan for 2025 to 2027 [6] - Longjiang Securities highlighted that Lanqi Technology's H1 2025 performance set a new historical high, with significant revenue growth from interconnect chips and a strong product matrix in high-performance chips, projecting net profits of 2.470 billion, 3.157 billion, and 3.874 billion yuan for 2025 to 2027 [6]

Company Overview - 澜起科技 (SH 688008) announced its third board meeting on October 30, 2025, to review the "2025 Q3 Report" and other documents [1] - As of the report, 澜起科技's market capitalization stands at 174.1 billion yuan [1] Revenue Composition - For the year 2024, 澜起科技's revenue composition is as follows: integrated circuit products account for 99.72%, while other businesses contribute 0.28% [1]

Core Insights - Company reported significant revenue and profit growth in Q3 2025, with operating income reaching 1.424 billion yuan, a year-on-year increase of 57.22% [1] - The company launched multiple new products, including the CXL 3.1 memory expansion controller chip, aimed at enhancing data center performance [2] - The company is benefiting from the rising demand for DDR5 memory interface chips, driven by trends in the AI industry and the growth of domestic DRAM manufacturers [3] Financial Performance - In Q3 2025, the company achieved a net profit of 473 million yuan, up 22.94% year-on-year, and a net profit of 811 million yuan after excluding share-based payment expenses, marking a 105.78% increase [1] - For the first three quarters of the year, the company reported total revenue of 4.058 billion yuan, a 57.83% increase, and a net profit of 1.632 billion yuan, up 66.89% [1] Product Development - The company’s DDR5 memory interface chip sales saw a significant increase, with the third generation RCD chip sales surpassing the second generation for the first time [1] - The CXL 3.1 MXC chip supports CXL.mem and CXL.io protocols, providing higher bandwidth and lower latency for next-generation data center servers [2] - The company completed mass production of the DDR5 fourth generation RCD04 chip, which offers a data transfer rate of up to 7200 MT/s, exceeding the previous generation by over 12.5% [2] Market Position - The company is the only Chinese supplier among the three memory interface chip vendors and is actively involved in the development of JEDEC product standards [3] - The company has reported an order backlog exceeding 140 million yuan for DDR5 second generation MRCD/MDB chips to be delivered in the next six months [3]

Core Insights - The company reported strong financial performance in Q3 2025, with revenue reaching 1.424 billion yuan, a year-on-year increase of 57.22% [1] - Net profit attributable to shareholders was 473 million yuan, up 22.94% year-on-year, while net profit excluding share-based payment expenses surged by 105.78% to 811 million yuan [1] - The interconnect chip product line generated sales of 1.371 billion yuan, reflecting a 61.59% year-on-year growth [1] Financial Performance - For the first three quarters of 2025, the company achieved a total revenue of 4.058 billion yuan, a 57.83% increase compared to the previous year [3] - Net profit attributable to shareholders for the same period was 1.632 billion yuan, up 66.89% year-on-year, with net profit excluding share-based payment expenses reaching 2.144 billion yuan, a 112.46% increase [3] - The interconnect chip product line's revenue for the first three quarters was 3.832 billion yuan, a 61.21% increase, with a gross margin of 64.83% [3] Product Development - The company launched several new products, including the CXL3.1 memory expansion controller chip, which supports CXL.mem and CXL.io protocols, aimed at enhancing data center server performance [2] - The CXL3.1MXC chip is designed to address bandwidth and scalability issues in traditional memory architectures, facilitating efficient memory resource allocation [2] - The company also advanced its clock buffer and spread spectrum oscillator products into the customer sampling phase, targeting high-performance applications in various sectors [2] Market Position - The company continues to maintain its leading position in the industry, particularly with the DDR5 memory interface chip series, which has seen significant sales growth [1] - The sales revenue of the third-generation DDR5 RCD chip surpassed that of the second generation for the first time, indicating strong market demand [1]

本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 一、董事会会议召开情况 澜起科技股份有限公司（以下简称"公司"）第三届董事会第十一次会议于 2025 年 10 月 30 日以现场结合通讯的方式召开，公司于 2025 年 10 月 24 日以邮件 方式向全体董事发出召开本次会议的通知，与会的各位董事已知悉所议事项相关 的必要信息。会议应出席董事 7 人，实际出席董事 7 人，公司高级管理人员列席 了本次会议。本次会议由公司董事长杨崇和先生召集和主持，本次会议的召集和 召开程序符合有关法律、行政法规、部门规章、规范性文件和《公司章程》的规 定，会议决议合法、有效。 二、董事会会议审议情况 经全体董事表决，形成决议如下： 062 证券代码：688008 证券简称：澜起科技 公告编号：2025- 澜起科技股份有限公司 第三届董事会第十一次会议决议公告 1. 审议通过《关于公司<2025年第三季度报告>的议案》 《公司 2025 年第三季度报告》的编制和审核程序符合相关法律法规的各项规 定，能够公允地反映公司报告期内的财务状况和经营 ...

证券代码：688008 证券简称：澜起科技 公告编号：2025-060 澜起科技股份有限公司 关于调整 2025 年第二次回购股份方案 回购价格上限的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 为保障回购股份方案顺利实施，澜起科技股份有限公司（以下简称"公 司"）2025 年第二次回购股份方案回购股份价格上限由不超过人民币 117.80 元/ 股（含）调整为不超过人民币 200 元/股（含）。 除调整回购股份价格上限外，公司 2025 年第二次回购股份方案的其他内 容不变。 本次调整回购股份价格上限的事项已经公司第三届董事会第十一次会议 审议通过，无需提交股东会审议。 二、调整回购股份价格上限的具体情况 近期，受资本市场环境及公司股价变化等情况影响，公司股票价格已超出 2025 年第二次回购股份方案拟定的回购价格上限。为了保障本次回购股份事项 的顺利实施，公司将本次回购价格上限由不超过人民币 117.80 元/股（含）调整 为不超过人民币 200 元/股（含），调整后的回购价格上限未超过董事会审议 ...

证券代码：688008 证券简称：澜起科技 公告编号：2025-058 澜起科技股份有限公司 关于调整 2023 年、2024 年限制性股票激励计划及第三届 董事会核心高管激励计划授予（行权）价格的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 澜起科技股份有限公司（以下简称"公司"）于 2025 年 10 月 30 日召开的 第三届董事会第十一次会议审议通过了《关于调整 2023 年、2024 年限制性股票 激励计划及第三届董事会核心高管激励计划授予（行权）价格的议案》，同意根 据公司《2023 年限制性股票激励计划》（以下简称"《2023 年激励计划》"）、 《2024 年限制性股票激励计划》（以下简称"《2024 年激励计划》"）、《第 三届董事会核心高管激励计划》（以下简称"《核心高管激励计划》"）（以下 合称"《激励计划》"）的有关规定，将 2023 年限制性股票激励计划授予价格 （含预留授予）由 19.01 元/股调整为 18.81 元/股、2024 年限制性股票激励计划 授予价格（含预留授予）由 26. ...

1 因此董事会薪酬与考核委员会同意《2023 年限制性股票激励计划》预留授予 部分第二个归属期归属名单及《2024 年限制性股票激励计划》首次授予部分第 一个归属期归属名单，同意公司为满足条件的激励对象办理 2023 年限制性股票 激励计划预留授予部分第二个归属期及 2024 年限制性股票激励计划首次授予部 分第一个归属期归属相关事宜。 澜起科技股份有限公司 董事会薪酬与考核委员会 2025 年 10 月 30 日 澜起科技股份有限公司董事会薪酬与考核委员会 关于 2023 年限制性股票激励计划预留授予部分第二个归属 期归属名单及 2024 年限制性股票激励计划首次授予部分第 一个归属期归属名单的核查意见 澜起科技股份有限公司（以下简称"公司"）董事会薪酬与考核委员会依据 《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国证 券法》（以下简称"《证券法》"）、《上市公司股权激励管理办法》(以下简 称"《管理办法》")、《上海证券交易所科创板股票上市规则》(以下简称"《上 市规则》"）等相关法律、法规及规范性文件和《澜起科技股份有限公司章程》 的有关规定对公司《2023 年限制性股票激励计划》 ...

第二个归属期、2024 年限制性股票激励计划首次授予 第一个归属期符合归属条件的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 证券代码：688008 证券简称：澜起科技 公告编号：2025-059 澜起科技股份有限公司 关于 2023 年限制性股票激励计划预留授予 重要内容提示： 限制性股票拟归属数量：126.6419 万股，其中 2023 年限制性股票激励计 划预留授予第二个归属期归属数量为 9.3828 万股；2024 年限制性股票激励计划 首次授予第一个归属期归属数量为 117.2591 万股。 归属股票来源：向激励对象定向发行公司 A 股普通股股票 一、本次股权激励计划批准及实施情况 （一）《2023 年限制性股票激励计划》 1.2023 年限制性股票激励计划主要内容 （1）股权激励方式：第二类限制性股票。 （2）预留授予数量：授予的限制性股票总量为 39.43 万股，占公司 2023 年 限制性股票激励计划（以下称"2023 年激励计划"）公告时公司股本总额 113,607.8141 万股的 0.03%， ...

上海兰迪律师事务所 关于澜起科技股份有限公司 2023 年限制性股票激励计划、2024 年限制性股票激励计划 及第三届董事会核心高管激励计划调整授予（行权）价格的 法 律 意 见 书 中国上海市虹口区东大名路 1089 号北外滩来福士广场东塔 16 楼（20082） 16th Floor, East Tower, Raffles City, No.1089, Dongdaming Road, Hongkou District, 200082, Shanghai, China Tel: 8621-66529952 Fax: 8621-66522252 上海兰迪律师事务所 关于澜起科技股份有限公司 法律意见书 致:澜起科技股份有限公司 上海兰迪律师事务所接受澜起科技股份有限公司(以下简称"澜起科技"或 "公司",证券代码为688008）的委托,为公司实施限制性股票激励计划和第三 届董事会核心高管激励计划所涉及的相关事宜出具法律意见书。 本所律师根据《中华人民共和国公司法》(以下简称"《公司法》")《中华人 民共和国证券法》(以下简称"《证券法》"《上市公司股权激励管理办法》(以下 简称"《管理办法》")《上海证券 ...