证券代码：688018 证券简称：乐鑫科技 公告编号：2025-047 乐鑫信息科技（上海）股份有限公司 第三届董事会第七次会议决议公告 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。 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 三届董事会第七次会议（以下简称"本次会议"）于 2025 年 7 月 2 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 6 月 27 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： （一）审议通过《关于变更公司注册资本并修订公司章程的议案》 董事会同意根据公司资本公积转增股本的实际情况，将公司的注册资本由 112 ...

在技术驱动经济发展的新时代，"硬科技"已成为国家竞争力的战略支点与高质量发展的关键引擎。尤其在中美科技博弈持续加剧、全球供应链深度重塑 的背景下，以芯片、人工智能、大数据、云计算等为代表的新一代信息技术"硬科技"产业，正成为中国高质量发展的关键。 为系统识别中国资本市场中最具成长韧性与技术含量的"硬科技"企业，和讯财经研究院联合至顶智库推出《2025中国硬科技上市公司价值榜》。榜单聚 焦中国A股与港股信息技术板块，通过系统评估企业在成长潜力、技术创新力、投资价值与ESG表现等多个维度的综合实力，构建"中国硬科技力量版 图"，以增强市场对中国核心科技资产的识别力。 本期发布的为主榜单下的首个子榜单——增长潜力榜。榜单从A股与港股1326家信息技术上市公司中遴选出前30高成长代表，涵盖半导体、人工智能、 信息安全、IT 硬件等关键技术领域，集中呈现出中国"硬科技"企业在自主可控、系统性国产替代与全球化扩张等方向上冲劲最强、动能最足的新兴力 量。 这些企业不仅在业绩扩张上表现出强劲爆发力，更在研发投入上展现极大决心，代表着中国硬科技赛道中的"未来新势力"与"产业新坐标(603040)"。 高端处理器供应商 产品:海 ...

Core Viewpoint - Foreign institutions are increasingly focusing on A-share companies, particularly in the electronics, machinery, computer, and automotive sectors, indicating a growing interest in the Chinese market despite short-term volatility [2][5][6]. Group 1: Foreign Institutional Research Trends - A total of 76 A-share companies have received foreign institutional research since June, with 30 companies hosting at least three foreign institutions [3]. - Notably, three A-share companies reported receiving over 50 foreign institutions for research activities [3]. - The highest attention from foreign institutions is on Huichuan Technology (300124.SZ), which has hosted over 100 foreign institutional research activities [3]. Group 2: Company-Specific Insights - Huichuan Technology highlighted that national equipment renewal plans are stimulating market demand in consumer-facing industries such as home appliances and automotive [3]. - Yihada (301029.SZ) received over 60 foreign institutions for research, focusing on automation components across various sectors including 3C, new energy lithium batteries, and semiconductors [4]. - Lexin Technology (688018.SH) also engaged over 60 foreign institutions, emphasizing its advancements in Wi-Fi technology and the growing demand for connectivity solutions across multiple industries [4]. Group 3: Industry Focus - The electronics sector has seen the highest engagement from foreign institutions, with companies like Lexin Technology and Hushan Co. (002463.SZ) attracting significant attention [5]. - Machinery and equipment sectors are also under scrutiny, with companies like Huichuan Technology and Yihada being key focus points [5]. - In the computer sector, companies such as Zhongke Chuangda (300496.SZ) are gaining foreign interest [5]. Group 4: Market Outlook - Foreign institutions generally maintain an optimistic long-term outlook for the Chinese stock market, despite anticipated short-term fluctuations [6][9]. - UBS forecasts a gradual recovery in A-share earnings, projecting a 6% year-on-year increase in earnings per share for the CSI 300 index by 2025 [7]. - Morgan Stanley suggests a balanced investment strategy in the face of short-term uncertainties, recommending a mix of technology/growth stocks and defensive assets [8].

138.11 元 乐鑫科技688018 时间: 2025年6月24日星期二 45.38分综合得分 偏弱 趋势方向 主力成本分析 当日主力成本 134.16 元 5日主力成本 136.94 元 20日主力成本 140.20 元 60日主力成本 周期内涨跌停 过去一年内该股 涨停 4次 跌停 0 次 北向资金数据 | 持股量570.21万股 | 占流通比5.08% | | --- | --- | | 昨日净买入19.79万股 | 昨日增仓比0.176% | | 5日增仓比0.537% | 20日增仓比1.93% | 技术面分析 134.66 短期压力位 132.00 短期支撑位 151.08 中期压力位 131.09 中期支撑位 股价突破短期压力位，短线有望走强； 目前中期趋势不慎明朗，静待主力资金选择方向 K线形态 暂无特殊形态 （以上内容为自选股写手差分机完成，仅作为用户看盘参考，不能作为操作依据。） 风险提示：以上内容仅作为作者或者嘉宾的观点，不代表和讯的任何立场，不构成与和讯相关的任何投 资建议。在作出任何投资决定前，投资者应根据自身情况考虑投资产品相关的风险因素，并于需要时咨 询专业投资顾问意见。和讯竭 ...

Core Viewpoint - Despite recent fluctuations in the A-share market, public funds remain actively engaged in research to identify investment opportunities, with 125 public funds conducting 545 research sessions on 117 stocks last week [1] Group 1: Research Activity - 125 public funds participated in A-share research, covering 24 primary industries and 117 stocks, with a total of 545 research sessions conducted [1] - 32 stocks received intensive research attention, with 19 stocks being researched 5-9 times and 13 stocks being researched 10 times or more [1] - Leading electronic company Lexin Technology was the focus, receiving 66 research sessions, with over 40% of public funds involved [1] Group 2: Industry Focus - Research interest was concentrated in the machinery, automotive, and pharmaceutical industries, with machinery equipment companies like Bozhong Precision, Huarong Co., and Icewheel Environment among the top ten, each receiving at least 15 research sessions [1] - In the automotive sector, Taotao Automotive and Hengshuai Co. ranked second and third with 31 and 23 research sessions, respectively [1] - In the pharmaceutical sector, Microchip Biotech and Meinuohua received 20 and 19 research sessions, ranking fourth and fifth [1] Group 3: Market Sentiment and Outlook - The electronic industry was the most researched, with 116 sessions on 15 stocks, while the machinery equipment industry followed with 83 sessions on 17 stocks [1] - Market sentiment is currently characterized by structural fluctuations, with external turmoil and high market rotation leading to a preference for certainty [1] - Zhongxin Securities suggests that as long as geopolitical conflicts do not escalate, the A-share market's short-term emotional impact will not breach the April 2 low point, with expectations for continued consolidation [1]

关于 2024 年年度权益分派实施后调整向特定对象 证券代码：688018 证券简称：乐鑫科技 公告编号：2025-046 乐鑫信息科技（上海）股份有限公司 发行 A 股股票发行数量上限的公告 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 年年 度权益分派方案已经实施完毕，公司总股本由 112,200,431 股变更为 156,702,722 股，现将公司 2025 年度向特定对象发行 A 股股票（以下简称"本次向特定对象 发行股票"）的发行数量上限由不超过 11,220,043 股（含本数）调整为不超过 15,670,272 股（含本数）。除上述调整外，公司本次向特定对象发行股票的其他 事项未发生变化。 一、本次向特定对象发行 A 股股票发行数量上限的调整依据 公司于 2025 年 3 月 14 日召开第三届董事会第三次会议、第三届监事会第二 次会议，并于 2025 年 3 月 31 日召开公司 2025 年第二次临时股东大会，审议通 过《关于公 ...

Group 1 - Despite recent fluctuations in the A-share market, public fund institutions are actively conducting research to identify investment opportunities, with 125 institutions participating in A-share research activities last week, covering 117 stocks across 24 Shenwan primary industries, totaling 545 research instances [1] - A total of 32 stocks received intensive research from public fund institutions, with research instances not less than 5 times. Among these, 19 stocks were researched 5 to 9 times, while 13 stocks had research instances reaching or exceeding 10 times [1] - The leading focus of public fund research was on the electronic industry, particularly Lexin Technology, which attracted over 40% of public fund institutions, with a total of 66 research instances [1] Group 2 - Last week, 15 Shenwan primary industries received significant attention from public fund institutions, with research instances exceeding 5 times. The electronic industry was the most researched, with a total of 116 instances across 15 stocks, indicating strong interest from public fund institutions [2] - The mechanical equipment industry followed closely, with 83 research instances across 17 related stocks. The automotive and pharmaceutical industries also received considerable attention, with 71 and 57 research instances, respectively [2] - Current market conditions show a structural trend, with external factors causing volatility. Citic Securities suggests that the market is in a high emotional zone, while Zhongyin Securities believes that geopolitical risks have a controllable negative impact on A-share sentiment, and the market will return to a fundamental pricing model as long as conflicts do not escalate [2][3]

Group 1 - The core viewpoint of the article is that 乐鑫科技 is transforming from an IoT chip provider to an IoT technology ecosystem enterprise, focusing on self-developed IP and autonomous design to avoid homogenization in competition [1] - The company has achieved a net profit of 339 million yuan in 2024, representing a year-on-year growth of 149.13%, with a chip gross margin of 51.49% and a comprehensive gross margin of 43.91% [1] - The company maintains a gross margin level above 40%, indicating an effective overall pricing strategy [1] Group 2 - In terms of revenue sources, modules and development boards account for about 60% of the company's revenue, benefiting from the increasing penetration of IoT across various industries [2] - Approximately 70% of the company's revenue comes from Chinese customers, with about half of these customers involved in overseas business [2] - The company typically bundles software services with modules to accommodate domestic customers' payment habits, which has contributed to the gradual increase in module gross margins [2] Group 3 - The company emphasizes building its own ecosystem, self-developed IP, and autonomous design to avoid homogenization due to consistent underlying IP [3] - The company has over 400 developers participating in the development of its ESP-IDF operating system, including many top global developers [3] - The company plans to issue 11.22 million shares to raise 1.778 billion yuan for various projects, including the development of Wi-Fi 7 router chips and AI edge chips based on RISC-V self-developed IP [3]

Group 1 - The core viewpoint of the article highlights the recent research conducted by Fengling Capital on Lexin Technology, emphasizing its developer ecosystem and standard development paths [1] - Lexin Technology has a global market share of approximately 30% in its sector, driven by a strong focus on hardware and software integration [1] - The company is not currently planning to train large models but supports users in building applications suitable for their business scenarios [1] Group 2 - Lexin's revenue is primarily derived from Chinese customers, with an estimated 50% of their business being international [1] - The company maintains a gross margin of over 40%, with a sales model that is predominantly direct sales, accounting for more than 70% of total sales [1] - Lexin is actively involved in educational events to promote ESP32 as a standard platform for engineering education [1]

Group 1: Lexin Technology - Lexin Technology focuses on building a developer ecosystem and providing standardized development paths, with a global market share of approximately 30% in the ESP32 segment, which has a higher search interest than STM32 [1] - The company has over 400 developers participating in the ESP-IDF operating system development and aims to become the "default option" in emerging applications by offering a complete development framework [1] - Lexin's revenue is 70% from Chinese customers, with an estimated half of their business going overseas, and they maintain a gross margin of over 40% [1] Group 2: Sightway Technology - Sightway Technology has become a leading supplier of CMOS image sensors in smart security, smartphones, and automotive electronics, ranking first in global security CIS shipments in 2024 [2] - The company's smartphone business generated revenue of 329.12 million yuan, accounting for 55.15% of total revenue, with a year-on-year growth of 269.05% [2] - Sightway plans to continue investing in R&D, with a budget of 44.74 million yuan in 2024, a 56.35% increase from the previous year [2] Group 3: Huitian Technology - Huitian Technology adopts a differentiated business model, dynamically adapting its technical capabilities and production capacity to meet long-term market demands [3] - The company expects to achieve approximately 10.09 billion yuan in revenue from the enterprise communications market in 2024, with PCB products for servers and HPC accounting for 29.48% and high-speed network products for switches and routers accounting for 38.56% [3] - Huitian's Thai factory has begun small-scale production, aiming to improve production efficiency and gradually release capacity [3] Group 4: Zhongmi Holdings - Zhongmi Holdings holds a market share of over 20% in the domestic petrochemical sector and 60%-70% in the incremental market [4] - The company faces higher requirements and longer construction cycles for overseas projects compared to domestic ones, with international market incremental business having slightly higher gross margins [4] - The domestic incremental business has low gross margins, with limited potential for further decline, indicating a market concentration towards leading enterprises [4]