乐鑫信息科技（上海）股份有限公司 独立董事专门会议可以根据需要研究讨论上市公司其他事项。 其中，第四项至第七项应当经全体独立董事过半数同意后，提交董 事会审议。 独立董事专门会议制度 第一章 总 则 第二章 人员组成 第五条 专门会议由全体独立董事组成。 1 第一条 为进一步规范乐鑫信息科技（上海）股份有限公司（以下简称"公 司"）规范运作，明确独立董事的工作职责，充分发挥独立董事的 作用，维护公司整体利益，保障全体股东特别是中小股东的合法权 益，根据《中华人民共和国公司法》《上市公司独立董事管理办法》 《上海证券交易所科创板上市公司自律监管指引第 1 号——规范 运作》等法律、法规、规范性文件及行业规定和《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，结合公司实际情况，制定本制度。 第二条 独立董事是指不在公司担任除董事外的其他职务，并与公司及其主 要股东、实际控制人不存在直接或者间接利害关系，或者其他可能 影响其进行独立客观判断关系的董事。 第三条 独立董事对公司及全体股东负有诚信与勤勉义务，应当按照相关法 律法规、行政法规、上海证券交易所的规定、《乐鑫科技独立董事 工 ...

乐鑫信息科技（上海）股份有限公司 董事会秘书工作制度 第一章 总 则 第一条 为了促进乐鑫信息科技（上海）股份有限公司（以下简称"公司"） 的规范运作，充分发挥董事会秘书的作用，加强对董事会秘书工作 的管理与监督，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》"）、 《上海证券交易所科创板股票上市规则》（以下简称"《股票上市 规则》"）等相关法律、法规、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"）的规定，特制定 本工作制度。 第二章 董事会秘书的地位、主要职责及任职资格 - 1 - 第二条 董事会秘书是公司的高级管理人员，对董事会负责，承担法律、法 规及公司章程对公司高级管理人员所要求的义务，享有相应的工作 职权，并获取相应报酬。 第三条 担任公司董事会秘书，应当具备以下条件： （一）具有良好的职业道德和个人品质； （二）具备履行职责所必需的财务、管理、法律等专业知识； （三）具备履行职责所必需的工作经验。 第四条 董事会秘书的主要职责： （一）负责公司信息披露事务，协调公司信息披露工作，组织制定 公司信息披露事务管理 ...

乐鑫信息科技（上海）股份有限公司 董事会提名委员会工作细则 第一章 总 则 第二章 人员组成 1 第一条 为规范乐鑫信息科技（上海）股份有限公司（以下简称"公司"）董 事及高级管理人员的产生，优化董事会组成，完善公司法人治理结 构， 根据《中华人民共和国公司法》《上海证券交易所科创板股票 上市规则》《上海证券交易所科创板上市公司自律监管指引第 1 号 ——规范运作》等有关法律、法规和规范性文件以及《乐鑫信息科 技（上海）股份有限公司章程》（以下简称"公司章程"）的相关规 定和要求，公司特设立董事会提名委员会（以下简称"提名委员会"）， 并制定本工作细则。 第二条 提名委员会是董事会下设的专门工作机构，主要负责研究并制定公 司董事、高级管理人员的选择标准和程序，并对公司董事、高级管 理人员的人选进行审查并提出建议。 董事会对提名委员会的建议未采纳或者未完全采纳的，应当在董事 会决议中记载提名委员会的意见及未采纳的具体理由，并进行披露。 第十条 提名委员会对董事会负责，提名委员会的提案提交董事会审议决定。 第四章 决策程序 2 第八条 提名委员会的主要职责权限： （一）根据公司发展战略、经营活动情况、资产规模和股 ...

Group 1 - In July, 657 private equity managers conducted intensive research on 358 A-share companies, with a total of 1,763 research instances, indicating a strong preference for technology growth sectors [1] - The technology sector emerged as the primary focus of research, with the computer industry leading with 260 research instances covering 36 companies [2] - Other notable sectors included power equipment (213 instances), pharmaceutical biology (206 instances), and electronics (205 instances), highlighting a significant interest in technology and healthcare [2] Group 2 - Among the 52 stocks with more than 10 research instances, technology growth stocks dominated, reflecting private equity's commitment to exploring innovation-driven opportunities [3] - Leading private equity firms maintain a positive outlook on market trends and structural opportunities, with a focus on sectors that align with China's economic transformation [4] - Investment opportunities are identified in innovative pharmaceuticals and consumer sectors, with a particular emphasis on structural opportunities in niche markets like sports apparel and toys [5]

Core Viewpoint - The AI toy industry is facing significant challenges, including high return rates and a lack of product-market fit, leading to skepticism about its future viability [5][7][22]. Group 1: Market Feedback and Challenges - The current return rate for AI plush toys is between 30% and 40%, indicating consumer dissatisfaction with the products [5][12]. - Many AI toys are priced between 300-400 yuan, but their production costs are generally under 100 yuan, leading to high consumer expectations that are often unmet [19][20]. - Common issues reported by consumers include heavy AI characteristics, response delays, complex interactions, and connectivity problems, which detract from the intended experience of having an emotional and engaging companion [6][15]. Group 2: Product Development and Market Dynamics - Most AI toys on the market are simple in design, typically consisting of a plush toy and a voice interaction box, which has led to a crowded and competitive market [9][11]. - The reliance on e-commerce platforms and their return policies can be detrimental to companies that fail to deliver satisfactory product experiences [12][22]. - Many companies in the AI toy sector are still operating at a loss and depend on financing to sustain their operations, highlighting the financial strain within the industry [7][18]. Group 3: Future Directions and Innovations - New entrants in the AI toy market are exploring differentiated products that incorporate multi-modal interactions and emotional value, targeting a broader audience beyond just children [27][28]. - Companies are beginning to recognize the limitations of current AI toys and are adjusting their designs to improve user experience, such as integrating voice boxes into the toys themselves and enhancing interaction capabilities [25][26]. - The ultimate goal for many AI toy companies is to create personalized AI companions, which requires sustained user engagement and interaction to refine the AI's capabilities [23][24].

个股层面，7月份有94只个股受到公募机构超10次的密集调研，成为"高频次标的"。其中，中际旭创、新易盛、江 河集团、乐鑫科技等4只个股表现尤为突出，获得超50次调研。中际旭创最受公募调研青睐，7月份吸引公募机构 调研共75次；新易盛以68次调研排名第二，两只个股均属于通信行业。 【环球网财经综合报道】公募排排网最新数据显示，7月份共有154家公募机构奔赴447家A股上市公司调研，覆盖 申万一级行业中的30个细分领域，累计调研频次高达3407次，其中电子行业最受关注。 行业维度上，有11个申万一级行业7月份均获得公募机构超100次的密集调研，其中电子行业居首，59只个股合计 获508次调研。机构调研焦点集中在核心技术竞争力、产能与业绩、研发方向三大议题。在核心技术竞争力方面， 光学技术与AI融合等方向受到较多关注。例如，福光股份通过开放展厅参观等方式介绍了光学镜头全产业链能 力，胜宏科技强调"拥抱AI"的发展理念并解析公司技术与产能等优势，奥比中光展示了3D视觉感知技术的新兴应 用场景等。 此外，医药生物、机械设备行业获调研次数分列第二、第三。其中医药生物行业7月份共有54只个股获得公募机构 调研，共计464次 ...

Core Viewpoint - The AI sector in the Chinese market is experiencing fluctuations, with the Sci-Tech Innovation Board AI Index showing a decline, while the Sci-Tech AI ETF has seen significant inflows and performance improvements [2][3][4]. Group 1: Market Performance - As of August 1, 2025, the Sci-Tech Innovation Board AI Index (950180) decreased by 2.22%, with mixed performance among constituent stocks [2]. - The Sci-Tech AI ETF (588790) also fell by 2.21%, with a latest price of 0.62 yuan, but had a weekly increase of 6.38% as of July 31, 2025, ranking 3rd among comparable funds [2][3]. - The latest scale of the Sci-Tech AI ETF reached 5.929 billion yuan, marking a new high since its inception and ranking 1st among comparable funds [3]. Group 2: Fund Inflows and Trading Activity - The Sci-Tech AI ETF experienced continuous net inflows over the past five days, with a peak single-day net inflow of 260 million yuan, totaling 811 million yuan in net inflows [3]. - The trading volume for the Sci-Tech AI ETF was 6.15% during the session, with a total transaction value of 362 million yuan [2]. Group 3: Fund Performance Metrics - As of July 31, 2025, the Sci-Tech AI ETF's net value increased by 16.10% over the past six months, ranking 1st among comparable funds [4]. - The fund's highest monthly return since inception was 15.59%, with an average monthly return of 9.25% during rising months [4]. - The fund's management fee is 0.50%, and the custody fee is 0.10%, which are relatively low compared to comparable funds [5]. Group 4: Index Composition - The Sci-Tech Innovation Board AI Index comprises 30 large-cap stocks that provide foundational resources, technology, and application support for the AI sector [5]. - As of July 31, 2025, the top ten weighted stocks in the index accounted for 67.36% of the total index weight, including companies like Cambricon (688256) and Kingsoft Office (688111) [5].

Financial Data and Key Metrics Changes - The company reported record performance in Q2 2025 with revenue of $172 million, up from $159 million in Q2 2024, representing an increase of approximately 8.2% [6][14] - Net income for Q2 2025 was $67 million, or $1.41 per diluted share, compared to $52 million, or $1.10 per diluted share in the same period last year, reflecting a year-over-year increase of 28.8% in net income [18] - The company raised the low end of its 2025 revenue guidance to a range of $650 million to $700 million [6][14] Business Line Data and Key Metrics Changes - Total material sales in Q2 2025 were $89 million, down from $95 million in Q2 2024 [15] - Green emitter sales were $64 million, compared to $72 million in the prior year, while red emitter sales increased slightly to $24 million from $23 million [15] - Royalty and license fees increased to $76 million in Q2 2025 from $60 million in Q2 2024 [15] Market Data and Key Metrics Changes - The OLED market is projected to grow significantly, with IT units expected to double from 23 million in 2024 to 48.6 million in 2027 [6] - Automotive OLED display shipments are forecasted to grow by over 300% from 2.8 million units in 2024 to 9.1 million units in 2029 [8] - The company noted that OLED adoption in the automotive sector is expanding, particularly among luxury brands and new energy vehicles [8] Company Strategy and Development Direction - The company aims to maintain its leadership position in the OLED ecosystem by focusing on innovation and product leadership [20] - The strategic foundation includes a robust global infrastructure, a flexible supply chain, and deepening customer relationships [20] - The company is committed to advancing its proprietary AIML platform to enhance material research and development [11][20] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the OLED industry's growth trajectory despite macroeconomic uncertainties [6] - The company believes that the OLED industry is entering a new phase of expansion driven by increasing demand in consumer electronics and automotive markets [6] - Management highlighted the importance of upcoming Gen 8.6 OLED fabs from major manufacturers as a pivotal shift in medium-sized OLED manufacturing [7] Other Important Information - The company ended the quarter with approximately $932 million in cash, cash equivalents, and investments [18] - A quarterly dividend of $0.45 was approved and paid to shareholders [18] Q&A Session Summary Question: Benefits from foldable phones versus traditional smartphones - The company sees incremental revenues from foldable phones due to increased surface area, estimating material usage could be 2 to 3 times that of traditional smartphones [24][25] Question: Revenue from Blue development emitter - The company recorded $1.1 million in Blue revenues for the quarter, totaling $2.2 million for the first half of the year [28] Question: Increase in contract research service revenue - The increase is attributed to recent successes in the Adhesives business, which operates independently from the OLED business [32][34] Question: Use of AI and ML in material research - AI and ML have accelerated the determination of successful pathways in OLED development, supported by a large OLED database [36] Question: Revenue guidance and seasonality - The company indicated that the strong first half of the year aligns with their original plans, and they expect the rest of the year to continue as forecasted [41][43] Question: Design activity in tandem architecture - Tandem architecture is primarily used in IT and automotive segments, with significant growth opportunities as OLED penetration in IT is currently low [52][54]

陕西巨丰投资资讯有限责任公司高级投资顾问陈宇恒向《证券日报》记者表示，头部机构的高频次调研 方向和重点，往往反映了当前资本市场的热点与未来发展趋势，向市场传递出该领域具有投资潜力的信 号。另外，头部机构在高频次调研中能获取更充分的信息，做出的投资决策会更加理性和准确，从而推 动市场价格向合理价值回归。 医药生物、机械设备行业获调研次数分列第二、第三。其中医药生物行业7月份共有54只个股获得公募 机构调研，共计464次；机械设备行业7月份共有52只个股获得公募机构调研，共计316次。此外，计算 机、电力设备、汽车等3个行业公募机构调研频次同样均突破200次。 同时，7月份公募机构调研呈现"头部集中化、调研高频化"特征。数据显示，154家参与调研的公募机构 中，有102家公募机构调研频次均突破10次。其中，头部机构调研强度领跑，富国基金、博时基金、华 夏基金等13家机构调研次数均超50次。 公募排排网数据显示，7月份共有154家公募机构奔赴447家A股上市公司调研，覆盖申万一级行业中的 30个细分领域，累计调研频次高达3407次，其中电子行业最受关注。 个股层面，有94只个股7月份受到公募机构超10次的密集调研， ...

Core Viewpoints - QYResearch is recognized for its authoritative industry analysis and reports, widely cited by reputable companies and media, ensuring credibility and professionalism in market insights [1] Group 1: Heating Elements Market - Hangzhou Rewei Electric Heating Technology Co., Ltd. ranks among the top three in global heating element production from 2019 to 2021, supplying major appliance manufacturers like Midea and Samsung [3] Group 2: Golf Cart Market - The global golf cart market is projected to grow from $2.427 billion in 2024 to $4.304 billion by 2031, with a CAGR of 8.6% from 2025 to 2031 [4] Group 3: Router Market - The global router market is expected to reach $20.59 billion in sales by 2024 and $26.28 billion by 2031, with a CAGR of 3.6% [5] Group 4: Power Tool Market - The global market for power tool chucks is anticipated to grow from $321 million in 2024 to $449 million by 2031, reflecting a CAGR of 5.0% from 2024 to 2031 [7] Group 5: Fine Chemicals Market - Jinhua New Materials holds a market share of 34.86% in 2022, 33.21% in 2023, and 42.37% in 2024 for hydroxylamine salts in China [9] Group 6: USB Bridge Chip Market - Nanjing Qinheng Microelectronics ranks ninth globally and first domestically in USB bridge chip sales revenue from 2022 to 2024 [12] Group 7: Lubricant Additives Market - The global lubricant additives market is projected to grow from $15.99 billion in 2023 to $18.21 billion by 2030, with a CAGR of 1.9% from 2024 to 2030 [14] Group 8: HMB Market - The company has secured a long-term supply agreement with Abbott, maintaining over 50% market share in HMB products globally from 2022 to 2024 [16] Group 9: Polyurethane Market - The global polyurethane market is expected to grow from approximately $82.09 billion in 2023 to $99.46 billion by 2030 [18] Group 10: UV Coatings Market - The global commercial UV coatings market is projected to reach $19.13 billion by 2031, growing from $12.65 billion in 2024, with a CAGR of 6.1% [21] Group 11: Radiation Therapy Products Market - The global radiation therapy positioning products market is expected to grow from $27.7 million in 2021 to $57.3 million by 2028, achieving a CAGR of 10.93% [23] Group 12: Textile Machinery Market - The global textile machinery market is projected to grow from $22.5 billion in 2023 to $28.26 billion by 2029, with a CAGR of 3.9% [26] Group 13: Reflective Materials Market - The global reflective materials market is expected to reach $6.272 billion by 2031, with a CAGR of 4.2% from 2025 to 2031 [28] Group 14: LED Lighting Power Supply Market - The global LED lighting power supply market is projected to grow from $1.31 billion in 2022, with a low market share compared to major global players [30] Group 15: VLP Copper Foil Market - The global VLP copper foil market is expected to reach $15.2 billion by 2030, with a CAGR of 8.9% [32] Group 16: Enamelled Wire Market - The global enameled wire market is projected to grow from $9.67 billion in 2023 to $10.65 billion by 2030, with a CAGR of 1.4% [34] Group 17: Industrial Motor Market - The global industrial motor market is expected to maintain an 18% CAGR from 2025 to 2030 [37] Group 18: Wireless Microphone Market - The global wireless lapel microphone market is projected to grow from $1.428 billion in 2023 to $2.299 billion by 2030, with a CAGR of 6.94% [39] Group 19: Wafer Electrostatic Chuck Market - The global wafer electrostatic chuck market is expected to reach $2.424 billion by 2030 [41] Group 20: Game Console Accessories Market - The global game console accessories market is projected to grow from $16.49 billion in 2024 to $34.24 billion by 2031, with a CAGR of 11.2% [47] Group 21: Shock Absorber Market - The global shock absorber market is expected to exceed $13.09 billion in 2024, with high-end shock absorbers gaining market share [48] Group 22: 3C Charger Market - The global 3C charger market is projected to reach approximately $22.64 billion by 2029, with a CAGR of 10.06% from 2022 to 2029 [49] Group 23: Precision Electronic Machinery Market - The precision electronic machinery market is expected to grow from 48% in 2022 to 51% by 2029 in the linear guide downstream market [54] Group 24: Ergothioneine Raw Material Market - The global ergothioneine raw material market is projected to grow from $0.63 billion in 2024 to $1.61 billion by 2031, with a CAGR exceeding 14% [56] Group 25: Medical Aesthetics Market - The Chinese medical aesthetics market is expected to reach ¥410.8 billion by 2025, with a CAGR of 17.2% from 2021 to 2025 [59] Group 26: High-Frequency Electrosurgical Device Market - The Chinese high-frequency electrosurgical device market is projected to grow from $344.78 million in 2022 to $800 million by 2029 [61] Group 27: Home NAS Market - The Chinese home NAS market is expected to grow from ¥712 million in 2023 to ¥9.619 billion by 2030 [64] Group 28: Thiourea Market - The global thiourea market is projected to reach approximately $0.851 billion in 2024, with a market share of about 26.40% for the leading producer [67] Group 29: Wind Power Gearbox Market - The Chinese wind power gearbox market is expected to grow from $3.136 billion in 2023 to $4.263 billion by 2030 [70] Group 30: Thermal Interface Materials Market - The global thermal interface materials market is projected to grow from ¥5.2 billion in 2019 to ¥7.6 billion by 2026, with a CAGR of 5.57% [72] Group 31: Elderly Companion Robot Market - The global elderly companion robot market is expected to grow from $0.212 billion in 2024 to $3.19 billion by 2031, with a CAGR of 48.0% [77] Group 32: HTCC Ceramic Packaging Market - The global HTCC ceramic packaging market is projected to grow from ¥18 billion in 2021 to ¥29.3 billion by 2028 [79] Group 33: LED Display Control System Market - The global LED display control system market is expected to reach $0.587 billion in 2024, with a CAGR of 13.6% [81] Group 34: Consumer Robotics Market - The global consumer robotics market is projected to grow from $41.02 billion in 2024 to $170.48 billion by 2031 [83] Group 35: Cold Chain Logistics Market - The global cold chain logistics market is expected to reach ¥76.62 billion by 2031, with a CAGR of 14.8% from 2025 to 2031 [86] Group 36: AI Companion Robot Market - The global AI companion robot market is projected to grow from $0.203 billion in 2024 to $23.23 billion by 2031, with a CAGR of 86.0% [89]