乐鑫信息科技（上海）股份有限公司 章 程 二零二四年十一月 1 | | | | 第一章 | 总 | 则 3 | | --- | --- | --- | | 第二章 | | 经营宗旨和经营范围 4 | | 第三章 | 股 | 份 5 | | 第一节 | | 股份发行 5 | | 第二节 | | 股份增减和回购 7 | | 第三节 | | 股份转让 8 | | 第四章 | | 股东和股东会 9 | | 第一节 | | 股 东 9 | | 第二节 | | 股东会的一般规定 13 | | 第三节 | | 股东会的召集 16 | | 第四节 | | 股东会的提案与通知 18 | | 第五节 | | 股东会的召开 19 | | 第六节 | | 股东会的表决和决议 22 | | 第五章 | | 董事会 26 | | 第一节 | | 董事 26 | | 第二节 | | 董事会 29 | | 第六章 | | 总经理及其他高级管理人员 36 | | 第七章 | | 监事会 37 | | 第一节 | | 监事 37 | | 第二节 | | 监事会 38 | | 第八章 | | 财务会计制度、利润分配和审计 40 | | 第一节 | ...

乐鑫信息科技（上海）股份有限公司 独立董事提名人和候选人声明公告 乐鑫信息科技（上海）股份有限公司独立董事提名人声明 提名人乐鑫信息科技（上海）股份有限公司董事会，现提名 CHEN MYN 陈 敏女士、LEE KIAN SOON 李建顺先生、LEONG FOO LENG 梁富棱先生为乐鑫 信息科技（上海）股份有限公司第三届董事会独立董事候选人，并已充分了解被 提名人职业、学历、职称、详细的工作经历、全部兼职、有无重大失信等不良记 录等情况。被提名人已同意出任乐鑫信息科技（上海）股份有限公司第三届董事 会独立董事候选人（参见该独立董事候选人声明）。 提名人认为，被提名人具备独立董事任职资格，与乐鑫信息科技（上海）股 份有限公司之间不存在任何影响其独立性的关系，具体声明如下： 一、被提名人具备上市公司运作的基本知识，熟悉相关法律、行政法规、规 章及其他规范性文件，具有 5 年以上法律、经济、财务、管理或者其他履行独立 董事职责所必需的工作经验。 被提名人CHEN MYN陈敏女士已完成上海证券交易所针对沪市独立董事开 设的独立童事履职学习平台的课程；LEE KIAN SOON 李建顺先生、LEONG FOO LEN ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [2] Core Views - The company has shown significant revenue growth, achieving 1.46 billion yuan in revenue for the first three quarters of 2024, representing a year-on-year increase of 42.17%. The net profit attributable to shareholders reached 251 million yuan, up 188.08% year-on-year [2][3] - The third quarter of 2024 saw revenue of 540 million yuan, a year-on-year increase of 49.96% and a quarter-on-quarter increase of 1.27%. The net profit attributable to shareholders was 99 million yuan, reflecting a year-on-year growth of 340.17% [3] - The company is experiencing growth across multiple downstream application areas, with significant contributions from smart home and consumer electronics, as well as increasing penetration in other IoT sectors [2][5] Financial Performance - For the first three quarters of 2024, the gross margin was 42.81%, an increase of 2.25 percentage points year-on-year, driven by a higher proportion of chip sales [2] - The company’s R&D expenses for the first three quarters of 2024 were 340 million yuan, a year-on-year increase of 19.06%, indicating a strong commitment to innovation [4] - The company expects net profits attributable to shareholders to reach 347 million yuan, 472 million yuan, and 628 million yuan for the years 2024, 2025, and 2026 respectively [5] Product Development - The company has launched 12 different product lines based on RISC-V architecture, enhancing its core competitiveness in the market [4] - New products such as ESP32-S3 and ESP32-P4 are designed to support advanced applications like image recognition and multimedia, expanding the company's market reach beyond traditional IoT devices [4] Market Position - The company is positioned as a leading player in the IoT technology ecosystem, with a focus on high-performance and cost-effective products, which is expected to drive long-term growth [5]

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、准确性和完整性承担法律责任。 为进一步加强与广大投资者的沟通交流，乐鑫信息科技（上海）股份有限公 司（以下简称"公司"）将参加"2024 年上海辖区上市公司三季报集体业绩说明会" 活动，现将有关事项公告如下： 本次活动将采取网络的方式举行，投资者可以登录"上证路演中心"网站 （https://roadshow.sseinfo.com）或关注微信公众号上证路演中心参与互动交流， 活动时间为 2024 年 11 月 13 日（周三）15:00 至 16:30。 证券代码：688018 证券简称：乐鑫科技 公告编号：2024-069 乐鑫信息科技（上海）股份有限公司 关于参加 2024 年上海辖区上市公司三季报 集体业绩说明会的公告 欢迎大家关注微信公众号"乐鑫董办"。目前此号已发布 90 余篇主题文章， 从多维度展示乐鑫的风貌，包含了关于乐鑫文化、商业模式、产品情况、近期 新闻、投资者交流纪要等信息。新朋友可在公众号的菜单栏里面选择"推荐必读" 系列阅读，以便快捷了解乐鑫整体情况。 "乐鑫董办"微信公众号 微信视 ...

证券代码：688018 证券简称：乐鑫科技 公告编号：2024-068 乐鑫信息科技（上海）股份有限公司 2023 年第三期限制性股票激励计划第一个归属期 归属结果公告 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： 本次归属股票数量为 45,389 股，来源于公司从二级市场回购的公司 A 股普 通股股票，由回购专用证券账户过户登记。 一、 限制性股票归属的决策程序及相关信息披露情况 1. 2023 年第三期限制性股票归属的决策程序及相关信息披露情况 （1）2023 年 9 月 26 日，公司召开第二届董事会第十九次会议，会议审议 通过了《关于审议<公司 2023 年第三期限制性股票激励计划（草案）>及其摘要 的议案》《关于审议<公司 2023 年第三期限制性股票激励计划实施考核管理办法> 的议案》以及《关于提请股东大会授权董事会办理公司 2023 年第三期限制性股 票激励计划相关事宜的议案》等议案。公司独立董事就本激励计划相关议案发表 了独立意见。 同日，公司召开第二届监事会第十四次会议，审议通过了《关于 ...

Investment Rating - The report maintains a "Recommended" rating for the company, with a current price of 131.81 CNY [4]. Core Insights - The company achieved significant growth in its financial performance, with a revenue of 1.46 billion CNY for the first three quarters of 2024, representing a year-on-year increase of 42.17%. The net profit attributable to shareholders reached 251 million CNY, up 188.08% year-on-year [2]. - The company's AIoT strategy is driving growth, with a focus on embedded wireless communication chips and multiple key project developments [2]. - The company has established a strong ecosystem through its 2D2B business model, attracting a global developer community that enhances its market competitiveness [2]. Financial Performance Summary - For Q3 2024, the company reported a revenue of 540 million CNY, a year-on-year increase of 49.96%, and a net profit of 99 million CNY, up 340.17% year-on-year [2]. - The projected net profits for 2024, 2025, and 2026 are 346 million CNY, 462 million CNY, and 581 million CNY, respectively, with growth rates of 154.1%, 33.3%, and 25.9% [2][3]. - The company's gross margin for Q3 2024 was 42.14%, maintaining a high level despite a slight decrease [2]. Project Development - The company is focusing on several key projects, including the development of Wi-Fi 6 FEM, high-performance low-resource firmware (ESP-IDF 5X), cloud platform upgrades, and RISC-V multi-core application processors [2]. Market Positioning - The company has built high barriers to entry through its ecosystem, which is expected to support sustained high growth in performance as the industry expands [2].

]yrtsudnI_elbaT[ [Table_Title] 乐鑫科技（688018）2024年三季报点评 《产品矩阵持续拓展，针对性布局 AI 应用领域未来可期》 24Q3营收与利润大幅增长，产品扩展与 物联网市场共振 2024 年 10 月 25 日 [【投资要点】 Table_Summary] 2024 年 10 月 24 日，乐鑫科技公告 2024 年三季报，2024 年前三季度 公司实现营业收入 14.60 亿元，同比增长 42.17%；实现归母净利润 2.51 亿元，同比增长 188.08%。就 2024 年第三季度来看，公司实现 营收 5.40 亿元，同比增长 49.96%，环比增长 1.27%；实现归母净利 润 0.99 亿元，同比增长 340.17%，环比增长 1.79%。公司盈利能力改 善，2024 前三季度公司综合毛利率为 42.81%，同比提升 2.06pcts， 环比下降 0.39pct。 收入分产品来看，2024 年前三季度（1）芯片收入约 5.62 亿元，占营 收比重的 38.5%，同比增长 52.46%，毛利率为 50.15%，同比提升 3.32pcts。（2）模组收入约 8. ...

Group 1: Company Overview - The company started with self-developed Wi-Fi MCU chips and has expanded its product matrix to include various processors with wireless connectivity (SoC) [1] - The product strategy focuses on "Processing" and "Connecting," driven by insights into the IoT industry's future needs [1] - The company has evolved from a chip manufacturer to an IoT technology ecosystem company, emphasizing a full-stack engineering capability [2] Group 2: Market Performance - In the first three quarters, the company achieved a total revenue of 1.46 billion, a year-on-year increase of 42.17%, with a single-quarter revenue of 540 million [2] - The net profit attributable to shareholders for the first three quarters was 251 million, up 188.08% year-on-year, primarily due to rapid revenue growth and lower expense growth [2] - The gross profit margin for the first three quarters was 42.81%, with a target to maintain a gross margin of 40% [2] Group 3: Cost and R&D Management - R&D expenses accounted for 78.18% of total expenses, with a year-on-year growth of 19.06% [3] - Sales expenses increased by 16.69% to 3.05%, while management expenses decreased to 3.45% [3] - The company actively manages inventory, with a significant improvement in inventory turnover compared to the previous year [5] Group 4: Market Trends and Future Outlook - The IoT market is diversifying, with significant growth in sectors like energy management, tools, and healthcare, projected to achieve a 40% growth rate [3] - The company anticipates a revenue target of 2 billion for the year, with Q4 expected to contribute over 500 million [5] - The first five customers accounted for approximately 23.4% of total sales, indicating a growing long-tail effect as new customers increase [5] Group 5: Developer Ecosystem and Collaboration - The company emphasizes building a developer ecosystem, with over 120,000 open-source projects related to its products on GitHub [4] - Collaboration with universities is expanding, with many students using the company's ESP32 chips in their projects [4] - The acquisition of M5Stack is aimed at enhancing brand influence within the developer community and fostering ecosystem growth [6]

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company reported a slight quarter-on-quarter revenue increase, with continuous improvement in operational efficiency [1] - The main revenue sources remain in smart home and consumer electronics, with an expected growth rate of 30-35% this year [1] - The company is expanding its ecological influence, showing high growth in energy management, tools, and health sectors, with many potential new customers joining during 2023-2024 [1] - The gross margin has improved by 2.1 percentage points, with specific increases in chip, module, and development kit gross margins [1] - The company focuses on developing high-performance, low-power wireless communication chips, which is expected to provide broader development space as IoT penetration continues to rise [1] Financial Performance Summary - For the first three quarters of 2024, the company achieved a revenue of 1.46 billion yuan, a year-on-year increase of 42.2% [1] - The net profit attributable to the parent company reached 250 million yuan, a year-on-year increase of 188.1% [1] - The company expects revenues of 2.03 billion, 2.50 billion, and 3.10 billion yuan for 2024, 2025, and 2026 respectively, with year-on-year growth rates of 41.7%, 23.3%, and 23.8% [2][5] - The net profit attributable to the parent company is projected to be 351 million, 452 million, and 590 million yuan for the same years, with growth rates of 157.3%, 29.1%, and 30.4% [2][5] - The gross margin is expected to improve to 43.3%, 43.7%, and 44.1% over the next three years [2][5] Cash Flow and Balance Sheet Summary - The operating cash flow for 2023 is reported at 303 million yuan, with projections of 238 million, 355 million, and 481 million yuan for the following years [3] - The total assets are expected to grow from 2.20 billion yuan in 2023 to 3.46 billion yuan by 2026 [4] - The company’s total liabilities are projected to increase from 291 million yuan in 2023 to 427 million yuan in 2026 [4] - The net profit margin is expected to improve, reflecting the company's operational efficiency [5]

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company achieved significant growth in Q1-Q3 2024, with revenue reaching 1.46 billion yuan, a year-on-year increase of 42.17%, and a net profit attributable to shareholders of 251 million yuan, up 188.08% year-on-year [4] - The growth is driven by the expansion of the product matrix and the construction of an ecosystem that supports product volume [4][5] - The company is well-positioned to benefit from the increasing penetration of IoT in various industries, particularly in energy management and healthcare [5][6] Financial Performance Summary - For Q1-Q3 2024, the company reported: - Revenue: 1.46 billion yuan, up 42.17% year-on-year - Net profit attributable to shareholders: 251 million yuan, up 188.08% year-on-year - Non-GAAP net profit: 231 million yuan, up 237.99% year-on-year - Gross margin: 42.81%, an increase of 2.05 percentage points year-on-year [4] - In Q3 2024 alone: - Revenue: 540 million yuan, up 49.96% year-on-year - Net profit attributable to shareholders: 99 million yuan, up 340.17% year-on-year - Non-GAAP net profit: 85 million yuan, up 492.15% year-on-year - Gross margin: 42.14%, an increase of 1.56 percentage points year-on-year [4] Product Performance - The revenue breakdown for Q1-Q3 2024 shows: - Chips: 562 million yuan (38.50% of total revenue), up 52% year-on-year, with a gross margin of 50.10% - Modules: 886 million yuan (60.70% of total revenue), up 37% year-on-year, with a gross margin of 38.00% [5] Market Outlook - The global smart home market is expected to reach 154.4 billion USD in 2024, with a projected compound annual growth rate of 11% over the next five years [6] - The company has a strong developer community, with over 122,800 projects on GitHub and 95,000 members in the Reddit ESP32 group, which enhances its ecosystem and market opportunities [6] Financial Forecast - The company forecasts net profits for 2024-2026 as follows: - 2024: 337 million yuan - 2025: 456 million yuan - 2026: 609 million yuan - The current price-to-earnings (P/E) ratios are projected at 44.1, 32.5, and 24.4 for 2024, 2025, and 2026 respectively [4][7]