证券代码：688018 证券简称：乐鑫科技 公告编号：2025-062 乐鑫信息科技（上海）股份有限公司 关于选举职工董事的公告 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。 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"） 根据《中华人民共和国公司法》（以下简称《公司法》）、修订后的《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，于 决策的有关规定，会议经民主讨论、表决，全体职工代表一致审议通过了《关于 选举职工董事的议案》，同意选举 NG PEI CHI 黄佩琪女士（简历详见附件）为 公司职工董事。 根据《公司法》和《公司章程》的有关规定，公司董事会成员中应包含一名 职工董事。会议一致同意选举 NG PEI CHI 黄佩琪女士为公司职工董事，任期自 本次职工代表大会审议通过之日起至公司第三届董事会任期届满之日止。 NG PEI CHI 黄佩琪女士原为第三届董事会非职工董事，本次选举完成后， 其变更为公司第三届董事会职工董事，董事会构成人员不变。 本次选举职工董事工作完成 ...

Group 1 - The A-share AI sector experienced a strong rebound on August 20, with notable stocks like Cambricon becoming the second stock to reach a thousand yuan, and others like Chipone and Lexin Technology also seeing significant gains [1][2] - The Sci-Tech Innovation AI ETF (589520) recorded a rise of over 4.2%, marking four consecutive days of gains [1] - The commercial breakthrough of AI agents, such as the launch of AutoGLM2.0 by Zhipu, signifies a shift in AI from a "tool" to a "productivity" enhancer, allowing users to operate over 40 high-frequency applications with simple commands [2] Group 2 - The Shanghai "AI + Manufacturing" policy aims to promote the intelligent application of 3,000 manufacturing enterprises within three years, benefiting AI industrial software and edge computing chips [3] - Upcoming events like Apple's fall conference and the National AI Industry Development Conference are expected to boost market sentiment towards AI hardware [3] - The Shanghai Stock Exchange is hosting an international roadshow to introduce investment opportunities in the Sci-Tech Innovation Board, which may leverage the AI trend for growth [3] Group 3 - The 25-year performance forecast for the Sci-Tech Innovation AI ETF component stocks shows promising growth, with three companies expected to exceed 100% growth [5] - Cambricon, Obit, and Amlogic have relatively low PE percentiles, indicating potential for investment [5] Group 4 - The Chinese AI chip market is projected to grow significantly, with sales expected to rise from $21 billion last year to $38 billion this year, and domestic chip sales increasing from $6 billion to $16 billion, capturing 42% of the market share [8] - The market is witnessing a shift towards domestic chip manufacturers like Huawei Ascend, Cambricon, and Haiguang Information due to concerns over security vulnerabilities with foreign chips [8] Group 5 - The Sci-Tech Innovation AI index focuses more on sectors like semiconductors, integrated circuits, and computers, with a high electronic weight of 51% [10] - In contrast, the ChiNext AI index has a broader distribution across various sectors, with a significant focus on communication [11] Group 6 - The performance of the ChiNext AI index has shown higher elasticity, with a year-to-date increase of 51.4%, while the Sci-Tech Innovation AI index is also gaining traction with lower volatility [13] - Investors are advised to choose between the ChiNext AI index for long-term stability and the Sci-Tech Innovation AI index for a focus on self-sufficiency and cautious geopolitical considerations [15] Group 7 - Both the ChiNext AI ETF (159363) and the Sci-Tech Innovation AI ETF (589520) have reached new highs in scale, indicating a clear intent for capital allocation in the market [17]

Core Viewpoint - The domestic AI industry chain is experiencing an independent rally despite the decline of major US tech stocks, with significant gains in stocks like Cambricon and Corechip [1][3]. Group 1: Market Performance - Cambricon's stock price surpassed 1,000 yuan, making it the second "thousand-yuan stock" in A-shares, with a net inflow of 2.234 billion yuan from main funds [1]. - The Sci-Tech Innovation Artificial Intelligence ETF (589520) reached a maximum price increase of 4.47%, closing up 4.28%, marking four consecutive days of gains and setting a new high since its listing [1]. - The index of the Sci-Tech Innovation Artificial Intelligence ETF has risen 43.45% since its low point on April 8, significantly outperforming other indices like the Sci-Tech 50 (24.24%) and the Sci-Tech Composite Index (41.38%) [3][4]. Group 2: Investment Logic - Market leaders often initiate a second wave of growth after completing an adjustment phase, and AI has met the conditions for a renewed mainline focus due to low crowding and ongoing long-term logic [5]. - The integration of AI with various industries is emphasized at the national level, indicating that AI is a crucial driver for economic transformation, with expectations for a rebound in the Sci-Tech board [6]. - Concerns over security vulnerabilities are leading domestic clients to reconsider purchasing NVIDIA chips, suggesting a potential shift towards domestic chip manufacturers like Huawei and Cambricon [7]. - The evolution of edge AI from auxiliary tools to autonomous intelligent entities is anticipated to create a trillion-dollar market, with significant developments expected in 2025 [8]. - The AI industry is projected to grow significantly, with the core industry size in China expected to increase from 18 billion yuan in 2017 to 600 billion yuan by 2024, and potentially surpassing 1 trillion yuan by 2030 [9]. - The semiconductor industry is in an upward cycle, driven by strong AI demand and the acceleration of domestic chip manufacturing, with expectations for significant benefits for Chinese semiconductor firms [10].

Market Overview - On August 20, the Shanghai Composite Index rose by 1.04% to 3766.21 points, marking a near 10-year high, with the technology sector being a significant driver of the market's rebound [1] - The Huaxia Sci-Tech Artificial Intelligence ETF (589010) surged by 4.78%, achieving a 10.70% increase over the past five trading days, indicating a trend of upward momentum [1] - Key stocks included Chipmaker Cambricon, which rose by 15.52%, and other notable performers like Lexin Technology and Aerospace Hongtu, both gaining over 9% [1] - The total trading volume reached 18.45 billion yuan, reflecting active market participation [1] Key Events - On August 21, Zhiyuan Robotics will hold its first partner conference, showcasing over a hundred robots and emphasizing its intelligent service capabilities across seven scenarios [2] - Cambricon's stock price surpassed 1000 yuan, driven by narratives of "domestic substitution" and the expansive potential of the "AI wave," with future revenue and profit generation being critical for its development [2] - Taobao is accelerating the implementation of AI technology in consumer scenarios, testing a new feature called "AI Universal Search," which allows users to interact in a conversational manner to receive comprehensive product information [2] Institutional Insights - According to CICC, the demand for computing power is increasing due to the iterative updates of AI models and their applications, with liquid cooling technology expected to replace air cooling as the mainstream solution by 2026, potentially reaching a global market size of $8.6 billion [3] Popular ETFs - The Robot ETF (562500) is the only ETF in the market with a scale exceeding 10 billion yuan, offering the best liquidity and comprehensive coverage of the Chinese robotics industry [4] - The Huaxia Sci-Tech Artificial Intelligence ETF (589010) is positioned as the "brain" of robotics, capturing the "singularity moment" in the AI industry with a 20% price fluctuation range and flexibility in small and mid-cap stocks [5]

Market Performance - The A-share market demonstrated strong momentum, with the Shanghai Composite Index reaching a ten-year high, closing at 3766.21 points, up 1.04% [1] - The total trading volume in the Shanghai and Shenzhen markets was 2.41 trillion yuan, marking the sixth consecutive trading day exceeding 2 trillion yuan [1] Core Asset Focus - There is a noticeable trend of capital concentrating on core assets, particularly within the technology sector, with significant gains in AI-related stocks [1] - The semiconductor index surged by 3.55%, the largest single-day increase in six months, with large-cap stocks outperforming small-cap stocks [2] - The "SHS Artificial Intelligence 50" index, which tracks high-market-cap AI companies, rose by 2.09%, outperforming major broad-based indices [2] Economic Recovery and Investment Strategy - The market has shifted from a "barbell strategy" to a focus on core assets, driven by economic recovery and increased capital inflow [3] - Institutions are recommending a return to core assets, particularly high-performing growth stocks, as a strategy for potential excess returns [3] Consumer Sector Revival - The consumer sector is experiencing a resurgence, with the liquor industry leading the charge, as evidenced by a 1.51% increase in the liquor index [3] - The liquor industry is undergoing a destocking cycle, with major companies adjusting their channel structures to enhance market capabilities [3] Gaming Sector Activity - The gaming sector has shown increased activity, particularly following the announcement of a new game in the "Black Myth" series, with significant gains in related stocks [4] - Investors are beginning to focus on fundamental pricing, particularly in growth sectors with clear industry trends [4]

Summary of Key Points from Conference Call Records Industry Overview - The global smart glasses market is expected to grow rapidly in 2025, with AI audio glasses sales tripling year-on-year and AR glasses projected to grow by 30%-40%, leading to total smart glasses sales of 5.5 million to 10 million units [1][4] - The cost of smart audio glasses has significantly decreased due to the removal of optical systems, with mainstream products priced around 1,000-2,000 RMB [1][5] - AR glasses, while more expensive, have seen price reductions due to technological advancements and economies of scale, with prices dropping below 10,000 RMB [1][5] Company Insights GoerTek (歌尔股份) - GoerTek holds a significant position in the smart audio glasses supply chain, particularly in OEM manufacturing [1][6] - The company is making progress in its smart glasses business and has improved relationships with major clients, which may lead to increased market share in new AirPods models [3][14] - GoerTek's vertical integration in the glasses sector is expected to enhance profit margins, as it can incorporate acoustic speakers and structural components into its products [1][18] Meta - Meta plans to launch several AI audio glasses and AR glasses in mid-2025, including the second generation of Ribbon and a new AR model with an expected shipment of several hundred thousand units [2] - The AR glasses will feature advanced technology and are priced above $2,000 [2] Other Companies - Huapeng Technology has secured a battery supply share for Meta's new AI glasses, with expectations to increase its share to 50% by 2026 [10] - Awei Electronics has received an order from Meta for 8 million units of its analog chips, contributing significantly to its revenue [11] - Companies like 瑞芯微 (Rockchip), 恒玄科技 (Hengxuan Technology), and 兆易创新 (GigaDevice) are highlighted as key players in the end-side AI market, with strong demand for their chips [9] Market Dynamics - The decline in costs for smart audio and AR glasses is significantly driving market growth [5] - The first quarter of 2025 saw global sales of AI audio glasses reach 600,000 units, a threefold increase year-on-year, largely due to new battery technology [3] - The overall smart glasses sales volume is projected to reach between 5.5 million and 10 million units this year [4] Technological Developments - Advances in optical systems and SoC (System on Chip) technologies are critical barriers in the smart glasses market [6][8] - Future display technologies such as Micro LED and Micro OLED are expected to dominate the display sector [8] Financial Expectations - GoerTek's acquisition of precision component companies is anticipated to significantly enhance its profitability [17] - The Corsor business of Meta is expected to fluctuate, with a strong performance anticipated next year due to new product launches [15] - Sony's PS5-related business is nearing the end of its product lifecycle, but the impact on overall performance is expected to diminish over time [16] This summary encapsulates the key insights and developments in the smart glasses industry and the companies involved, highlighting growth opportunities and technological advancements.

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： 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： 证券代码：688018 证券简称：乐鑫科技 公告编号：2025-061 乐鑫信息科技（上海）股份有限公司 2025年第四次临时股东大会决议公告 | 1、出席会议的股东和代理人人数 | 160 | | --- | --- | | 普通股股东人数 | 160 | | 2、出席会议的股东所持有的表决权数量 | 67,223,938 | | 普通股股东所持有表决权数量 | 67,223,938 | | 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 | 43.1592 | | 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（%） | 43.1592 | （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 年第四次临时股东大会之 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 关于乐鑫信息科技（上海）股份有限公司 2025 年第四次临时股东大会之 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》"）《上市公司股东会规则》（以下简称"《股东会规则》"） 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 年第四次临时股东大会（以下简称"本次股东大会"）的有关 事宜出具本法律意见书。 上海市锦天城律师事务所 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、法 ...

证券代码：688018 证券简称：乐鑫科技 公告编号：2025-062 本次选举职工董事工作完成后，公司第三届董事会中兼任公司高级管理人员 职务以及由职工代表担任的董事，总计未超过公司董事总数的 1/2，符合有关法 律法规、规范性文件及《公司章程》的规定。 乐鑫信息科技（上海）股份有限公司 关于选举职工董事的公告 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。 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"） 根据《中华人民共和国公司法》（以下简称《公司法》）、修订后的《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，于 2025 年 8 月 20 日召开职工代表大会，会议的召开及表决程序符合职工代表大会 决策的有关规定，会议经民主讨论、表决，全体职工代表一致审议通过了《关于 选举职工董事的议案》，同意选举 NG PEI CHI 黄佩琪女士（简历详见附件）为 公司职工董事。 根据《公司法》和《公司章程》的有关规定，公司董事会成员中应包含一名 职工董事。会议一致同意选举 NG P ...

Group 1 - The core viewpoint of the news is the launch of AutoGLM2.0, the world's first mobile agent based on domestic models, marking a shift in AI from a "tool" to "productivity" [1][3] - The release of AutoGLM2.0 allows users to operate over 40 high-frequency applications with simple voice commands, showcasing its autonomous capabilities [3] - The stock price of Cambrian Technology surpassed 1,000 yuan, becoming the second "thousand-yuan stock" in A-shares, with a net inflow of 2.234 billion yuan from main funds [1][4] Group 2 - The Shanghai "AI + Manufacturing" policy aims to promote the intelligent application of 3,000 manufacturing enterprises within three years, benefiting AI industrial software and edge computing chips [4] - Upcoming events such as Apple's fall conference and the National Artificial Intelligence Industry Development Conference are expected to boost market sentiment towards AI hardware [4] - There are rumors that NVIDIA is developing a new AI chip for the Chinese market, which may lead to increased domestic demand for local chip manufacturers like Huawei, Cambrian, and Haiguang [5] Group 3 - The domestic AI industry is experiencing a surge, with significant gains in stocks related to the AI sector, including a notable increase in the Sci-Tech Innovation Artificial Intelligence ETF [1][6] - The ETF focuses on the domestic AI industry chain and has a high elasticity feature, with over 67% of its top ten holdings in semiconductor-related companies [6] - The trend of edge-cloud integration is identified as a core development direction for AI, with the ETF's index balancing investments across application software, terminal applications, terminal chips, and cloud chips [6]