Financial Performance - The company's operating revenue for Q3 2024 reached ¥539,802,521.29, representing a year-on-year increase of 49.96%[6] - Net profit attributable to shareholders was ¥99,472,328.00, a significant increase of 340.17% compared to the same period last year[6] - The net profit after deducting non-recurring gains and losses was ¥85,271,234.88, up 492.15% year-on-year[6] - Revenue for the current reporting period increased by 49.96% due to rising demand in the home and emerging industries[19] - Net profit attributable to shareholders for the current reporting period surged by 340.17% driven by revenue growth and stable gross margins[19] - The net profit attributable to shareholders for the year-to-date period increased by 188.08% compared to the previous year[20] - The net profit excluding non-recurring gains and losses for the current reporting period rose by 492.15%[20] - Basic earnings per share for the current reporting period was 221.33 RMB, reflecting a significant increase from the previous year[20] - Total operating revenue for the first three quarters of 2024 reached CNY 1,460,014,787.31, a 42.2% increase from CNY 1,026,956,744.08 in the same period of 2023[29] - Net profit for the first three quarters of 2024 was CNY 251,896,811.45, compared to CNY 87,169,123.18 in the previous year, marking a significant increase[30] - The total comprehensive income for the period reached ¥254,423,582.12, compared to ¥98,732,318.70 in the previous period, indicating significant growth[32] - Basic and diluted earnings per share increased to ¥2.7167 from ¥1.0875, reflecting improved profitability[32] Expenses and Costs - Research and development expenses totaled ¥121,655,135.39, reflecting a year-on-year increase of 13.00%[6] - Operating costs for the same period were CNY 1,267,021,886.94, up 29.3% from CNY 979,767,456.32 year-on-year[29] - Research and development expenses amounted to CNY 340,337,504.96, an increase of 19% from CNY 285,845,604.96 in the previous year[29] - The company paid ¥333,162,079.80 in employee compensation, an increase from ¥284,929,089.27, reflecting higher operational costs[34] Cash Flow and Liquidity - Cash flow from operating activities showed a net inflow of ¥91,649,863.84, a decrease of 55.57% year-on-year[13] - The company reported a net cash flow from operating activities decrease of 55.57% due to increased cash payments for goods and services[20] - The cash flow from operating activities showed a positive trend, indicating improved liquidity and operational efficiency[30] - Cash inflows from operating activities amounted to ¥1,625,622,315.47, up from ¥1,141,494,673.71 in the same period last year, showing a growth of approximately 42.4%[33] - The net cash flow from operating activities was ¥91,649,863.84, down from ¥206,292,105.30, indicating a decrease in operational cash generation[34] - Cash inflows from investment activities totaled ¥483,455,730.52, a decrease from ¥1,690,729,203.93, reflecting reduced investment recovery[34] - The net cash flow from investment activities improved to ¥222,076,246.04 from a negative ¥89,938,394.27, indicating a positive turnaround[34] - The net cash flow from financing activities was negative at -¥167,473,165.63, compared to -¥30,863,608.63 in the previous year, indicating increased cash outflows[34] - The ending cash and cash equivalents balance was ¥593,684,583.23, up from ¥442,045,799.11, showing a strong liquidity position[35] Assets and Liabilities - The total assets at the end of the period were ¥2,487,530,021.16, representing a 12.87% increase from the end of the previous year[6] - As of September 30, 2024, the company's cash and cash equivalents increased to ¥598.30 million from ¥464.01 million as of December 31, 2023, representing a growth of approximately 28.9%[26] - Accounts receivable rose to ¥304.66 million, up from ¥251.64 million, indicating an increase of about 21%[26] - Inventory significantly increased to ¥481.99 million from ¥242.35 million, reflecting a growth of approximately 99%[26] - Total current assets reached ¥1.65 billion, compared to ¥1.22 billion at the end of 2023, marking an increase of around 35.7%[26] - Total liabilities increased to CNY 422,825,983.29, up from CNY 290,800,138.11 year-on-year[28] - The company's equity attributable to shareholders reached CNY 2,036,667,883.90, compared to CNY 1,913,000,227.74 in the previous year[28] - The increase in accounts payable to CNY 168,947,607.48 from CNY 79,841,809.45 indicates a potential increase in operational scale and supplier engagement[28] - The total amount of financial assets held decreased from ¥90.32 million to zero, indicating a strategic shift in asset management[26] Shareholder Information - The company maintains a strong shareholder base with the largest shareholder holding 40.12% of shares[21] - The company reported a total of 2,297,002 shares held in its repurchase account, accounting for 2.05% of the total share capital[23] - The top ten shareholders did not report any related party relationships or concerted action agreements as of the report date[23] - The company has not disclosed any significant changes in the participation of major shareholders in margin trading or securities lending activities[25] Future Outlook - The company plans to hold a performance briefing on October 23, 2024, to discuss Q3 results and address investor concerns[4] - The company aims for a revenue growth rate of 30-35% in the smart home and consumer electronics sectors for the current year[7] - The company plans to continue investing in new technologies and market expansion strategies to drive future growth[30] - The report does not indicate any new product launches or significant technological advancements during the quarter[25] - The company has established a developer community that enhances product improvement and market competitiveness[14] - The number of GitHub ESP32 projects reached a total of 5,800, indicating strong developer engagement[15]

一、董事会会议召开情况 证券代码：688018 证券简称：乐鑫科技 公告编号：2024-066 乐鑫信息科技（上海）股份有限公司 第二届董事会第三十二次会议决议公告 本公司及董事会全体成员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。 乐鑫信息科技（上海）股份有限公司（以下简称"乐鑫科技"或"公司"） 第 二届董事会第三十二次会议（以下简称"本次会议"）于 2024 年 10 月 23 日在公 司 304 会议室以现场方式召开。本次会议的通知于 2024 年 10 月 18 日通过电话 及邮件方式送达全体董事。会议应出席董事 7 人，实际到会董事 7 人，会议由公 司董事长 TEO SWEE ANN（张瑞安）主持。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）审议通过《关于向 2024 年限制性股票激励计划激励对象授予预留限 制性股票的议案》 根据《上市公司股权激励管理办法》《2024 年限制性股票激励计划（草案）》 及其摘要的相关规定和公司 2024 年第一次临时股东大会的授权 ...

Contents Build Smart with Espressif Q3 2024 REPORT 03 08 Management Report 18 Consolidated Financial Statements (Unaudited) 06 Business Highlights 04 Core Competitiveness 21 Consolidated Cash Flow Statement 22 Further Information 06 Key Financial Data (Unaudited) 06 Financial Indicators (Unaudited) 07 Financial Analysis 08 Business Strategy 09 Core Technologies 10 Key Products - AIoT Chips 11 Key Products - Chip Matrix 12 Market 13 Business Model 14 Developer Community Content 16 Ownership of Securities 17 ...

致：乐鑫信息科技（上海）股份有限公司 上海市锦天城律师事务所关于 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 首次授予部分第一个归属期符合归属条件之 法律意见书 地址：上海市浦东新区银城中路 501 号上海中心大厦 11、12 楼 电话：021-20511000 传真：021-20511999 邮编：200120 上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所关于 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 首次授予部分第一个归属期符合归属条件之 法律意见书 上海市锦天城律师事务所（以下简称"本所"或"我们"）接受乐鑫信息科 技（上海）股份有限公司（以下简称"乐鑫科技"或"公司"）的委托，指派沈 诚律师和徐启捷律师作为公司特聘专项法律顾问，根据《中华人民共和国公司法》 《中华人民共和国证券法》《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》《科创板上市公司自律监 管指南第 4 号——股权激励信息披露》及其他有关法律、法规、规范性文件及《乐 鑫信息科技（上海）股份有限公司章程》的规定，按照律师行业 ...

证券代码：688018 证券简称：乐鑫科技 公告编号：2024-064 乐鑫信息科技（上海）股份有限公司 第二届监事会第二十三次会议决议公告 本公司及监事会全体成员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、监事会会议召开情况 乐鑫信息科技（上海）股份有限公司（以下简称"乐鑫科技"或"公司"）第 二届监事会第二十三次会议（以下简称"本次会议"）于 2024 年 10 月 15 日在 公司 304 会议室以现场方式召开。本次会议的通知于 2024 年 10 月 10 日通过电 话及邮件方式送达全体监事。会议应出席监事 3 人，实际到会监事 3 人，会议由 监事会主席吕志华主持。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。 本次会议由监事会主席吕志华女士主持，以记名投票表决方式审议通过以下 议案： （一）审议通过《关于公司 2023 年第三期限制性股票激励计划首次授予部 分第一个归属期符合归属条件的议案》 监事会认为：根据《2023 年第三期限制性股票激励计划》规定的归属条件， 公 ...

证券代码：688018 证券简称：乐鑫科技 公告编号：2024-063 乐鑫信息科技（上海）股份有限公司 此议案已经通过第二届董事会薪酬与考核委员会第十三次会议审议，公司独 立董事已就该事项发表了明确同意的独立意见。 具体内容请见本公司于同日在上海证券交易所网站(http://www.sse.com.cn) 披露的《乐鑫科技 2023 年第三期限制性股票激励计划首次授予部分第一个归属 一、董事会会议召开情况 乐鑫信息科技（上海）股份有限公司（以下简称"乐鑫科技"或"公司"） 第 二届董事会第三十一次会议（以下简称"本次会议"）于 2024 年 10 月 15 日在公 司 304 会议室以现场方式召开。本次会议的通知于 2024 年 10 月 10 日通过电话 及邮件方式送达全体董事。会议应出席董事 7 人，实际到会董事 7 人，会议由公 司董事长 TEO SWEE ANN（张瑞安）主持。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 本次会议由公司董事长 TEO SWEE ANN（张瑞安）主持，经全体董事表决， 形成决议如下： ...

本次拟归属的激励对象符合《公司法》《证券法》等法律、法规和规范性文 件以及《公司章程》规定的任职资格，符合《管理办法》《上市规则》等法律、 法规和规范性文件规定的激励对象条件，符合本次激励计划规定的激励对象范 围，其作为公司本次限制性股票激励计划激励对象的主体资格合法、有效，激励 对象获授限制性股票的归属条件已成就。 乐鑫信息科技（上海）股份有限公司（以下简称"公司"）监事会依据《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《乐鑫信息科技（上海）股份有限公司章程》（以下简称"《公 司章程》"）的有关规定对公司 2023 年第三期限制性股票激励计划（以下简称"本 次激励计划"）首次授予部分第一个归属期归属名单进行审核，发表核查意见如 下： 乐鑫信息科技（上海）股份有限公司 监事会关于 2023 年第三期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 乐鑫信息科技（上海）股份有限公司 ...

重要内容提示： 一、本次股权激励计划批准及实施情况 （2）首次授予数量：首次授予的限制性股票总量为 94,410 股，占目前公司 股本总额 112,200,431 股的 0.0841%。 证券代码：688018 证券简称：乐鑫科技 公告编号：2024-062 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首次授予部分 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。 （3）授予价格：45.36 元/股，即满足授予条件和归属条件后，激励对象可以 每股 45.36 元的价格购买公司向激励对象增发的公司 A 股普通股股票。 | 归属安排 | | 归属时间 | 归属权益数量占首 | | --- | --- | --- | --- | | | | | 次授予权益总量的 | | | | | 比例 | | 首次授予的限制性 | 自首次授予之日起 | 12 个月后的首个交易日至首 | 50% | | 股票第一个归属期 | 次授予之日起 24 | 个月内的最后一个交易日止 | | | 首 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company is expected to achieve significant revenue growth in the first three quarters of 2024, with projected revenue of 1.46 billion yuan, representing a year-on-year increase of 42.17%. The net profit attributable to shareholders is expected to reach 251 million yuan, up 187.95% year-on-year [1] - The company's product release schedule is in line with expectations, and the growth in product volume is anticipated to drive performance increases. The forecasted net profits for 2024-2026 are 337 million yuan, 456 million yuan, and 609 million yuan respectively, with corresponding P/E ratios of 39.4, 29.1, and 21.8 times [1][2] Summary by Sections Revenue and Profitability - In Q1-Q3 2024, the company benefits from the increasing digitalization and intelligence penetration across various industries, leading to revenue growth. The classic products remain stable, while new product categories (such as ESP32-S3, C2, and C3) are experiencing rapid growth [2] - The gross margin is expected to remain above 40%, and R&D investment growth is around 20%. The operating leverage effect is driving profit growth due to revenue growth exceeding 20% year-on-year [2] Market Potential and Product Expansion - The global smart home market is projected to reach 154.4 billion USD in 2024, with a compound annual growth rate of 11% over the next five years. The company has launched a new dual-core RISC-V SoC, ESP32-P4, designed for high-performance and high-security applications, which is expected to expand the market capacity by 2.5 times [3] - The continuous penetration of downstream intelligence and the expansion of the company's product matrix are expected to provide ample growth momentum for revenue [3] Financial Forecasts - The company's financial forecasts indicate a revenue increase from 1.27 billion yuan in 2022 to 2.03 billion yuan in 2024, with a year-on-year growth rate of 42.3%. The net profit attributable to shareholders is projected to grow from 97 million yuan in 2022 to 337 million yuan in 2024, reflecting a year-on-year increase of 147.3% [4] - The gross margin is expected to improve slightly from 40.0% in 2022 to 43.7% in 2024, while the net profit margin is projected to increase from 7.7% to 16.5% over the same period [4][6]

重要内容提示： 投资者可于 2024 年 10 月 14 日（星期一）至 10 月 23 日（星期 三）19:00 前在"乐鑫董办"微信公众号最新推文底部留言栏留言/ 后台私信或通过公司邮箱 ir@espressif.com 进行提问。公司将在说明 会上对投资者普遍关注的问题进行回答。 乐鑫信息科技（上海）股份有限公司（以下简称"公司"）将 于 2024 年 10 月 24 日（10 月 23 日盘后披露）发布公司 2024 年第 三季度报告，为便于广大投资者更全面深入地了解公司 2024 年第三 季度经营成果、财务状况，公司计划于 2024 年 10 月 23 日晚上 20:00-21:00 举行 2024 年第三季度业绩说明会，就投资者关心的问题 进行交流。 一、 说明会类型 会议召开时间：2024 年 10 月 23 日（星期三）晚间 20:00-21:00 会议召开地点："乐鑫董办"微信视频号（扫描正文二维码预约 直播） 会议召开方式：微信视频号视频直播和在线互动 证券代码：688018 证券简称：乐鑫科技 公告编号：2024-061 乐鑫信息科技（上海）股份有限公司 关于召开 2024 年第三季度业 ...