Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected stock price increase of over 20% relative to the market benchmark within the next six months [9]. Core Views - The company's Q3 2024 performance showed steady growth, with revenue reaching 540 million yuan, a year-on-year increase of 50% and a quarter-on-quarter increase of 1% [1]. - The net profit attributable to shareholders for Q3 2024 was 100 million yuan, reflecting a year-on-year increase of 340% and a quarter-on-quarter increase of 2% [1]. - The report highlights a significant increase in net profit due to revenue growth, improved gross margins, and controlled expense growth [1]. - The gross margin for Q3 2024 was 42.14%, up 1.56% year-on-year, while the net margin was 18.37%, up 12.10% year-on-year [1]. - The company is expected to achieve net profits of 330 million, 470 million, and 640 million yuan for the years 2024, 2025, and 2026, respectively, corresponding to current P/E ratios of 45, 31, and 23 times [2]. Summary by Sections Financial Performance - Q3 2024 revenue was 540 million yuan, with a year-on-year growth of 50% and a quarter-on-quarter growth of 1% [1]. - Q3 2024 net profit was 100 million yuan, with a year-on-year increase of 340% and a quarter-on-quarter increase of 2% [1]. - The company reported a non-recurring gain of 14.2 million yuan in Q3 2024, primarily from government subsidies [1]. Margin Analysis - The gross margin for Q3 2024 was 42.14%, with a year-on-year increase of 1.56% and a quarter-on-quarter decrease of 1.97 percentage points [1]. - The net margin for Q3 2024 was 18.37%, reflecting a year-on-year increase of 12.10% [1]. Research and Development - R&D expenses reached a record high of 120 million yuan in Q3 2024, with the number of R&D personnel increasing by 10.61% year-on-year to 542 [1]. Market Outlook - The report anticipates continued growth in the smart home and consumer electronics sectors, with expected growth rates of 30-35% for the year [2]. - The company is expected to benefit from increased market penetration in various IoT sectors, including energy management and healthcare [2].

《科创板日报》10月23日讯（记者 邱思雨） 今日（10月23日），乐鑫科技发布2024年第三季度报告， 并于晚间20:00以微信视频号视频直播和在线互动的形式举办第三季度业绩说明会。 今年前三季度，该公司实现营业收入14.6亿元，同比增长42.17%；归母净利润2.51亿元，同比增长 188.08%。 单季度表现方面，今年第三季度，该公司实现营业收入5.4亿元，同比增长49.96%；归母净利润9947.23 万元，同比增长340.17%。 乐鑫科技是一家物联网Wi-Fi MCU供应商。就营收增长方面，其表示，智能家居和消费电子仍然是主要 营收来源，预计今年增速为30-35%。其他非家居领域的各行业物联网渗透率开始提升。"受益于生态影 响力不断扩散，公司业务在能源管理、工具设备、大健康等领域均呈现出高增长，2023年至2024年期间 有很多潜力新客户加入，拉高了平均增速。" 净利润方面，该公司表示，净利增长主要受三项因素综合影响，一是营业收入增长；二是毛利率稳中有 升；三是费用增速控制在营业收入增速之下，经营杠杆效应显现。 据悉，该公司本期综合毛利率较上年同期增加2.06个百分点，销售综合毛利为6.25亿元， ...

财联社财经通讯社打开APP17:16:37【乐鑫科技：第三季度净利润9947.23万元 同比增长340.17%】《科 创板日报》23日讯，乐鑫科技发布2024年第三季度报告，公司第三季度实现营业收入5.4亿元，同比增 长49.96%；归属于上市公司股东的净利润9947.23万元，同比增长340.17%。 前三季度，公司实现营业收入14.6亿元，同比增长42.17%；归属于上市公司股东的净利润2.51亿元，同 比增长188.08%。 乐鑫科技-2.97%A股公告速递乐鑫科技科创板最新动态查看公告原文财联社声明：文章内容仅供参考， 不构成投资建议。 投资者据此操作，风险自担。 2024-10-23 17:16:3769620 阅读商务合作发送 ...

证券代码：688018 证券简称：乐鑫科技 公告编号：2024-067 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 二届监事会第二十四次会议（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。 二、监事会会议审议情况 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《关于审议<2024 年第三季度报告>的议案》 乐鑫信息科技（上海）股份有限公司 第二届监事会第二十四次会议决议公告 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。 具体内容请见本公司于同日在上海证券交易所网站(www.sse.com.cn) 披露 的《乐鑫科技 2 ...

乐鑫信息科技（上海）股份有限公司 2024 年限制性股票激励计划预留授予激励对象名单 （截止预留授予日） 一、预留限制性股票的分配情况 2、本次预留授予激励对象不包括独立董事、监事、单独或合计持有上市公司 5%以上股份的股东、上市公 司实际控制人及其配偶、父母、子女。 二、公司董事会认为需要激励的其他人员情况 | 激励对象职务 | 激励对象人数 | | 获授限制性股票数 量（股） | 占授予限制性 股票总数比例 | 占本激励计划公 告日股本总额比 | | --- | --- | --- | --- | --- | --- | | | | | | | 例 | | 技术骨干 | | 8 | 23,298 | 100.00% | 0.0208% | | 小计 | | 8 | 23,298 | 100.00% | 0.0208% | 乐鑫信息科技（上海）股份有限公司董事会 2024 年 10 月 23 日 | 序 | 姓名 | 国籍 | 职务 | 获授的限制 性股票数量 | 占授予限制 性股票总数 | 占本激励计 划公告日公 | | --- | --- | --- | --- | --- | --- | --- | ...

3、公司本次授予激励对象名单人员与公司 2024 年第一次临时股东大会批准 的《2024 年限制性股票激励计划》中规定的激励对象范围相符。 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》"）、《科创板上市公司自律监管指南第 4 号——股权激励信息披露》和其他 有关法律、行政法规、规范性文件，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》"）等有关规定，对公司 2024 年限制性股票激 励计划（以下简称"本次激励计划"）预留授予激励对象名单（截止预留授予日） 进行审核，发表核查意见如下： 1、本次授予的激励对象均不存在《管理办法》第八条规定的不得成为激励 对象的情形： （1）最近 12 个月内被证券交易所认定为不适当人选； （2）最近 12 个月内被中国证监会及其派出机构认定为不适当人选； （3）最近 12 个月内因重大违法违规行为被中国证监会及 ...

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]

证券代码：688018 证券简称：乐鑫科技 公告编号：2024-065 乐鑫信息科技（上海）股份有限公司 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。 重要内容提示： 乐鑫信息科技（上海）股份有限公司（以下简称"公司"）《2024 年限制性股 票激励计划（草案）》（以下简称"《激励计划（草案）》"或"本激励计划"）规定 的公司 2024 年限制性股票预留授予权益条件已经成就，根据乐鑫信息科技（上 海）股份有限公司 2024 年第一次临时股东大会授权，公司于 2024 年 10 月 23 日召开的第二届董事会第三十二次会议、第二届监事会第二十四次会议，审议通 过了《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》， 确定 2024 年 10 月 23 日为预留授予日，以 35.00 元/股的授予价格向 8 名激励对 象授予 23,298 股限制性股票。现将有关事项说明如下： 一、限制性股票授予情况 （一）本次限制性股票授予已履 ...

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 ...