第三届董事会第三次会议决议公告 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。 证券代码：688018 证券简称：乐鑫科技 公告编号：2025-006 乐鑫信息科技（上海）股份有限公司 一、董事会会议召开情况 （二） 逐项审议通过《关于公司 2025 年度向特定对象发行 A 股股票方案的 议案》 根据公司的实际情况，公司形成了本次向特定对象发行 A 股股票的方案。 董事会对下列事项进行了逐项表决： 1、发行股票的种类和面值 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"） 第三届董事会第三次会议（以下简称"本次会议"）于 2025 年 3 月 14 日在公司 304 会议室以现场方式召开。本次会议的通知于 2025 年 3 月 7 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 ...

人民财讯3月14日电，乐鑫科技(688018)3月14日晚间公告，公司拟向特定对象发行股票募集资金总额不 超过17.78亿元（含本数），扣除发行费用后的净额拟投资于Wi-Fi 7路由器芯片研发及产业化项目、Wi- Fi 7智能终端芯片研发及产业化项目、基于RISC-V自研IP的AI端侧芯片研发及产业化项目、上海研发中 心建设项目以及补充流动资金。 ...

Investment Rating - The report assigns a "Buy" rating for the company, marking its first coverage [1]. Core Insights - The company is experiencing significant growth in its new AIoT products, with a product matrix that is expanding into new markets. The revenue for 2024 is projected to grow by approximately 40% due to the successful launch of new products and an increase in market demand [4][39]. - The company is positioned to benefit from the increasing market size of its target segments, with the potential to expand its market capacity to 2.5 times the current IoT device market [4]. - The company is focusing on a "connect + process" product strategy, which is expected to enhance its competitive edge in the AIoT sector [4]. Summary by Sections Company Overview - The company, established in 2008, specializes in the research and sales of IoT chips and modules, becoming a leading supplier in the global Wi-Fi MCU market [12]. - The company has launched several successful product lines, including the ESP8266 and ESP32 series, which have gained widespread recognition for their performance and cost-effectiveness [12][14]. AIoT Market - The global IoT device connection count is projected to grow from 8 billion in 2018 to 27 billion by 2025, with a compound annual growth rate (CAGR) of approximately 19% [4]. - The company is expected to benefit from the increasing demand for Wi-Fi and Bluetooth chips, with the global Wi-Fi chip market projected to reach $34.5 billion by 2033 [4]. Product Strategy - The company has a diverse product lineup, including classic products, new products, and next-generation products, with a focus on enhancing AI capabilities [17]. - The new product lines, such as ESP32-C5 and ESP32-C6, are expected to see significant growth starting in 2025 [20]. Financial Performance - The company forecasts revenues of approximately 2.01 billion, 2.63 billion, and 3.37 billion yuan for 2024, 2025, and 2026, respectively, with year-on-year growth rates of 40.07%, 31.06%, and 28.18% [4][5]. - The gross margin is expected to remain above 40% in 2024, supported by improved operational efficiency and a favorable competitive landscape [4][39]. Management and Governance - The company's management team has a strong technical background, with significant experience in the semiconductor industry, which enhances its strategic direction and operational execution [33][36].

Investment Rating - The report assigns a "Buy" rating for the company, marking its first coverage [1]. Core Insights - The company is experiencing significant growth in its new AIoT products, with a product matrix that is expanding into new markets. The revenue for 2024 is projected to grow by approximately 40% due to the successful launch of new products and an increase in market demand [4][39]. - The company is positioned to benefit from the increasing market size of its target sectors, with the potential to expand its market capacity to 2.5 times the current IoT device market [4]. - The company is focusing on a "connect + process" product strategy, which is expected to enhance its competitive edge in the AIoT sector [4]. Summary by Sections Company Overview - The company, established in 2008 and headquartered in Shanghai, specializes in IoT chips and modules. It has become a leading supplier of Wi-Fi MCU chips globally, with a significant market presence [12][14]. - The company has a diverse product line that includes classic products, new products, and next-generation products, with a focus on enhancing AI capabilities [17]. AIoT Market - The global IoT device connection count is projected to grow from 8 billion in 2018 to 27 billion by 2025, with a compound annual growth rate (CAGR) of approximately 19% [4]. - The company is expected to benefit from the domestic market's shift towards localization and the high growth of the AIoT industry [4]. Financial Performance - The company has shown stable revenue growth from 2019 to 2023, with a CAGR of 17.3%. The revenue for 2024 is forecasted to reach 2.01 billion, reflecting a 40% increase [39]. - The gross margin is expected to remain above 40%, supported by a favorable cost structure and an expanding product line [41]. Product Strategy - The company is expanding its product offerings to include new models such as C5, C6, H2, H4, and P4, which are anticipated to enter the market in 2025 [20]. - The product matrix is increasingly focused on high-performance and cost-effective solutions, catering to various applications in consumer electronics and smart home devices [19]. Business Model - The company employs a B2D2B business model that fosters a developer ecosystem, enhancing customer engagement and product adoption [26]. - The acquisition of M5Stack is expected to strengthen the company's market position and enhance its product offerings in the developer community [31].

本公司董事会及全体董事保证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： 证券代码：688018 证券简称：乐鑫科技 公告编号：2025-005 乐鑫信息科技（上海）股份有限公司 2025 年第一次临时股东大会决议公告 本次会议是否有被否决议案：无 一、 会议召开和出席情况 （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： | 1、出席会议的股东和代理人人数 | 225 | | --- | --- | | 普通股股东人数 | 225 | | 2、出席会议的股东所持有的表决权数量 | 50,455,937 | | 普通股股东所持有表决权数量 | 50,455,937 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的比 | 45.8904 | | 例（%） | | | 普通股股东所持有表决权数量占公司表决权数量的比例（%） | 45.8904 | （四） 表决方式是否符合《公司法》及公司章程的规定，大会主持情况等。 本次股东大会采用现场投票和网络投票相结合的方式召开，会议由董事长 ...

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 2025 年第一次临时股东大会之 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 层 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 2025 年第一次临时股东大会之 法律意见书 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（以下简称"本所"）接受乐鑫信息科技（上海） 股份有限公司（以下简称"公司"）委托，根据《中华人民共和国公司法》（以 下简称"《公司法》"）《上市公司股东大会规则》（以下简称"《股东大会规 则》"）等法律、行政法规和其他规范性文件（以下简称"法律、法规"）以及 《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，就公司召开 2025 年第一次临时股东大会（以下简称"本次股东大会"） 的有关事宜出具本法律意见书。 本法律意见书仅就本次股东大会的召集和召开程序、出席本次股东大会人员 的资格、召集人资格、会议表决程序是否符合法律 ...

乐鑫信息科技（上海）股份有限公司 2025 年第一次临时股东大会 会议材料 2025 年 3 月 12 日 2 一、 股东大会设会务组，由公司董事会秘书负责会议的程序安排和会务工作。 二、 为保证股东大会的严肃性和正常秩序，切实维护与会股东（或股东代表）的 合法权益，除出席会议的股东（或股东代表）、公司董事、监事、高级管理 人员、见证律师及董事会邀请的人员外，公司有权依法拒绝其他人员进入会 场。 三、 出席会议的股东（或股东代表）须在会议召开前 20 分钟到会议现场办理签 到手续，并请按规定出示证券账户卡、身份证或法人单位证明、授权委托书 以及参会回执等，经验证后领取会议资料，方可出席会议。 四、 股东（或股东代表）依法享有发言权、咨询权和表决权等各项权益。如股东 （或股东代表）欲在本次股东大会上发言，可在签到时先向大会会务组登记。 会上主持人将统筹安排股东（或股东代表）发言。股东（或股东代表）的发 言主题应与本次会议议题相关；超出议题范围，欲了解公司其他情况的，可 会后向公司董事会秘书咨询。 五、 为提高股东大会议事效率，在就股东的问题回答结束后，即进行现场表决。 现场会议表决采用记名投票表决方式，股东以其 ...

Financial Performance - Total revenue for 2024 reached RMB 200,691.97 million, a year-on-year increase of 40.04%[3] - Operating profit increased to RMB 33,408.91 million, reflecting a significant growth of 217.40% compared to the previous year[3] - Net profit attributable to shareholders was RMB 33,988.74 million, up 149.54% year-on-year[3] - The basic earnings per share rose to RMB 3.5109, representing a 106.38% increase from the previous year[3] - The weighted average return on equity increased by 9.94 percentage points to 17.08%[3] Research and Development - Research and development expenses increased by approximately 21.45% to RMB 8,659.25 million compared to the same period last year[9] Cash Flow and Inventory - The net cash flow from operating activities was RMB 23,702.71 million, a decrease of RMB 6,557.03 million year-on-year[9] - Inventory at the end of the period was RMB 48,562.03 million, a 100.38% increase compared to the previous year[9] Assets and Business Model - The total assets at the end of the reporting period were RMB 264,828.50 million, up 20.17% from the beginning of the period[3] - The company's business model focuses on long-term digital upgrades in the IoT sector, rather than short-term explosive growth from specific industries or clients[6]

天职国际会计师事务所（特殊普通合伙）为公司聘请的 2023 年度审计机构， 并顺利完成公司 2023 年年度报告的审计事项。根据公司董事会审计委员会对年 报审计公司的总体评价和提议，公司拟继续聘请天职国际为公司 2024 年度财务 报表审计机构和内控审计机构，聘期一年，具体情况如下： 证券代码：688018 证券简称：乐鑫科技 公告编号：2025-002 乐鑫信息科技（上海）股份有限公司 关于续聘会计师事务所的公告 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： 拟聘任的会计师事务所名称：天职国际会计师事务所（特殊普通合伙） （以下简称"天职国际"） 一、拟聘任会计师事务所的基本情况 （一）机构信息 1、基本信息 天职国际会计师事务所（特殊普通合伙）（以下简称"天职国际"）创立于 1988 年 12 月，总部北京，是一家专注于审计鉴证、资本市场服务、管理咨询、 政务咨询、税务服务、法务与清算、信息技术咨询、工程咨询、企业估值的特大 型综合性咨询机构。 天职国际首席合伙人为邱靖之，注册地址为北京市海淀区车公庄 ...

乐鑫信息科技（上海）股份有限公司 关于召开 2025 年第一次临时股东大会的通知 本公司董事会及全体董事保证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： 一、 召开会议的基本情况 （一） 股东大会类型和届次 2025 年第一次临时股东大会 证券代码：688018 证券简称：乐鑫科技 公告编号：2025-003 召开日期时间：2025 年 3 月 12 日 14 点 00 分 召开地点：上海市浦东新区碧波路 690 号 2 号楼 304 室 （五） 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自 2025 年 3 月 12 日 至 2025 年 3 月 12 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东大会召开当日的交易时间段，即 9:15-9:25，9:30-11:30，13:00-15:00；通过互联 网投票平台的投票时间为股东大会召开当日的 9:15-15:00。 股东大会召开日期：2025 年 3 月 12 日 本次股东大会采用的网络投 ...