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 ...

Financial Performance - For the first three quarters of 2024, the company expects to achieve revenue of approximately 146,000 million CNY, an increase of about 43,304 million CNY, representing a year-on-year growth of approximately 42%[2] - The estimated net profit attributable to the parent company for the same period is around 25,100 million CNY, an increase of about 16,383 million CNY, reflecting a year-on-year increase of approximately 188%[2] - The net profit attributable to the parent company after deducting non-recurring gains and losses is expected to be about 23,080 million CNY, up approximately 16,247 million CNY, which is a year-on-year increase of around 238%[2] Product Performance - The company has seen stable performance from classic products, while new product categories (such as ESP32-S3, C2, and C3) are experiencing rapid growth, contributing to revenue increase[4] Research and Development - The company’s gross profit margin remains above 40%, meeting expected targets, while R&D expenses have increased by about 20% year-on-year[4] Investor Engagement - The company plans to hold a Q3 2024 earnings presentation on October 23, 2024, via WeChat video for investor engagement[4] Forecast Accuracy - The company has not identified any significant uncertainties that could affect the accuracy of this earnings forecast[5] - The data provided is preliminary and the final financial figures will be disclosed in the official Q3 2024 financial report[6]

Summary of the Conference Call for 乐信科技 (Lexin Technology) Company Overview - 乐信科技 is focused on the research and development of IoT communication chips and related solutions, with key products including the ESP8266 and ESP32 series chips, where ESP32 plays a significant role in revenue generation. These products integrate connectivity and control functions, forming a diverse product line. Applications span smart homes, consumer electronics, industrial control, and smart agriculture [1][2]. Financial Performance - In 2022, 乐信科技 experienced a decline in revenue and profit due to the pace of new product launches and macroeconomic conditions. However, in 2023, the company returned to a growth trajectory as downstream application areas recovered and new products continued to ramp up. In the first half of 2024, revenue reached 920 million yuan, a year-on-year increase of 38%, while net profit attributable to shareholders exceeded 150 million yuan, a year-on-year increase of 135% [1][3]. Core Competitiveness - The core competitiveness of 乐信科技 is reflected in several aspects: concentrated shareholding structure, deep semiconductor IC design experience of the actual controller, high client dependency in the WiFi MCU ecosystem, cost-plus pricing strategy, and a normalized equity incentive plan to attract and retain key technical personnel [1][4]. Recent Developments - In the second quarter of this year, 乐信科技 completed the acquisition of M5, holding over 57% of its shares. This acquisition will enhance the integration of ESP32 series chips with M5's solutions, boosting developer ecosystem influence and accelerating the design process for end customers, thereby creating more opportunities for B2B business [1][5]. Market Outlook - The IoT market can be segmented into short-range and wide-area IoT based on application scenarios or communication technologies. Short-range communication technologies like WiFi and Bluetooth are primarily used in consumer electronics, wearables, smart homes, and hotels. The growing demand in these segments provides significant development space for 乐信科技 [1][6]. Competitive Advantages in IoT Market - 乐信科技's competitive advantages in the IoT market stem from its integrated hardware and software development strategy and ecosystem building. The company not only provides chips with connectivity functions but also offers development environment tools, cloud services, and detailed documentation support. This collaborative strategy allows for rapid market response and product iteration [1][7]. Global Market Position - 乐信科技 holds a significant position in the global IoT connectivity device market, with a market share of 27%, placing it in the leading tier of the industry. The company focuses on WiFi and Bluetooth short-range connection technologies and is expanding its product range from simple WiFi MCUs to SOCs with control functions. The global shipment of WiFi-enabled devices, including smartphones, tablets, and PCs, reached 3.55 billion units, with a projected compound annual growth rate of 5.4% by 2028 [1][8]. Technological Development - 乐信科技 possesses 12 core technologies that ensure the continuous evolution of its products towards enhanced processing and connectivity functions. Notably, the company has advanced from early point-to-point Bluetooth transmission to fifth-generation low-power Bluetooth, significantly improving transmission capabilities. In WiFi, products have evolved to WiFi6 and WiFi6e, greatly enhancing transmission speeds [1][9]. Future Development Prospects - Over the next few years, the IoT-related MCU market is expected to grow from USD 2.78 billion in 2021 to USD 4.75 billion by 2026, with a compound annual growth rate of 11%. 乐信科技 is positioned to achieve growth above the industry average, driven by new product launches, ongoing expansion of its customer base, and a B2B2B business model that offers greater long-term opportunities [1][10]. Importance of Smart Home Sector - The smart home sector is a crucial growth area for 乐信科技, with a significant volume of smart home device shipments, accounting for approximately 70% of Bluetooth device share. As AI technology rapidly evolves, the penetration rate of smart homes is expected to increase, driving demand for short-range connectivity chips, including WiFi and Bluetooth. The Chinese market, in particular, has substantial growth potential compared to overseas markets [1][11].

乐鑫科技 688018 乐鑫信息科技（上海）股份有限公司 投资者关系活动记录表 欢迎大家关注微信公众号"乐鑫董办"。目前此号已发布 70 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，建议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。 | --- | --- | |----------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...