乐鑫信息科技（上海）股份有限公司 简式权益变动报告书 上市公司名称：乐鑫信息科技（上海）股份有限公司 股票上市地点：上海证券交易所 股票简称：乐鑫科技 股票代码：688018 信息披露义务人：乐鑫（香港）投资有限公司 住所及通讯地址：香港湾仔港湾道 6-8 号瑞安中心 27 楼 2701-08 室 股权变动性质：股份减少 签署日期：2025 年 7 月 29 日 声 明 一、本报告书系信息披露义务人依据《中华人民共和国证券法》《上市公司 收购管理办法》《公开发行证券的公司信息披露内容与格式准则第 15 号——权 益变动报告书》等相关法律法规编制。 二、信息披露义务人签署本报告书已获得必要的授权和批准，其履行亦不违 反信息披露义务人章程或内部规则中的任何条款，或与之冲突。 三、依据《中华人民共和国证券法》《上市公司收购管理办法》等相关规定， 本报告书已全面披露信息披露义务人在乐鑫信息科技（上海）股份有限公司拥有 权益的股份变动情况。截至本报告书签署之日，除本报告书披露的持股信息外， 信息披露义务人没有通过任何其他方式增加或减少其在乐鑫信息科技（上海）股 份有限公司中拥有权益的股份。 目 录 经营范围 控股型公司 ...

| 证券代码：688018 证券简称：乐鑫科技 | | 公告编号：2025-055 | | --- | --- | --- | | 乐鑫信息科技（上海）股份有限公司 | | | | 5%以上股东权益变动触及 | 关于持股 5%刻度 | | | 的提示性公告 | | | | 乐鑫（香港）投资有限公司保证向本公司提供的信息真实、准确、完整，没有虚 | | | | 假记载、误导性陈述或重大遗漏。 | | | | 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息一致。 | | | | 重要内容提示： | | | | 权益变动方向 | 比例增加□ | 比例减少 | | 40.12% | 权益变动前合计比例 | | | 39.84% | 权益变动后合计比例 | | | 本次变动是否违反已作出的承诺、意向、计划 | | 是□ 否 | | 是□ | 是否触发强制要约收购义务 | 否 | | 一、 | 信息披露义务人及其一致行动人的基本信息 | | | 控股股东/实际控制人及其一致行动人 | | | | □其他 | 5%以上大股东及其一致行动人 | | | 投资者及其一致 | | | | □合并口径第一大股东及其一 ...

Core Insights - The AI toy industry is rapidly emerging as a new entrepreneurial and investment hotspot, with major tech companies like OpenAI, Tesla, and ByteDance entering the market [1][5][19] - The market is witnessing a surge in demand for AI toys, with significant growth in sales and a diverse range of products being developed [4][20] - The competition is intensifying as traditional toy manufacturers and new startups alike are innovating and launching AI-enabled products [6][18][22] Industry Trends - The AI toy market is experiencing explosive growth, with a reported 6-fold increase in sales of AI early education toys in January 2024 [4] - Over 100 companies are actively developing AI toy products, indicating a robust supply chain and increasing market participation [4][8] - The average profit margins for AI toys are significantly higher than traditional toys, with industry margins ranging from 70% to over 90% [20][21] Investment Landscape - The AI toy sector has attracted 96 investment institutions, including major players like ByteDance and Coca-Cola, indicating strong investor interest [8] - The financing activities in the AI toy space have seen a substantial increase in both quantity and amount since 2024 [8][10] Product Development - Companies are focusing on creating AI toys that can understand and respond to user emotions, moving beyond simple interactive features [17][18] - The industry is in a phase of defining what constitutes a true AI toy, with a need for a balance between technology, content, and intellectual property [16][17] Market Potential - The global toy market is projected to grow from 773.1 billion yuan in 2023 to 993.7 billion yuan by 2028, with China expected to play a significant role in this growth [19][22] - China is positioned as a leading market for AI toys, with a large user base and a mature production ecosystem, making it a fertile ground for the emergence of blockbuster products [23][24]

格隆汇7月29日丨乐鑫科技(688018.SH)公布，公司近日收到公司股东乐鑫（香港）投资有限公司（以下 简称"乐鑫香港"）发来的《关于乐鑫信息科技（上海）股份有限公司股东权益变动触及5%刻度的告知 函》。2025年5月9日，公司发布股东减持计划公告，乐鑫香港持有公司股份4,501.6142万股，占公告时 总股本比例为40.12%。2025年6月3日，因公司实施2024年度权益分派，以资本公积每10股转增4股，乐 鑫香港持有公司股份调整为6,302.2599万股，占调整后总股本比例为40.22%。2025年6月4日至2025年7 月29日，乐鑫香港通过集中竞价方式减持公司股份34.14万股，通过大宗交易方式减持公司股份24.5万 股，减持后持有公司股份6,243.6199万股，占公司总股本比例减少至39.84%。 ...

乐鑫信息科技（上海）股份有限公司 简式权益变动报告书 上市公司名称：乐鑫信息科技（上海）股份有限公司 股票上市地点：上海证券交易所 股票简称：乐鑫科技 股票代码：688018 信息披露义务人：乐鑫（香港）投资有限公司 住所及通讯地址：香港湾仔港湾道 6-8 号瑞安中心 27 楼 2701-08 室 股权变动性质：股份减少 签署日期：2025 年 7 月 29 日 声 明 一、本报告书系信息披露义务人依据《中华人民共和国证券法》《上市公司 收购管理办法》《公开发行证券的公司信息披露内容与格式准则第 15 号——权 益变动报告书》等相关法律法规编制。 二、信息披露义务人签署本报告书已获得必要的授权和批准，其履行亦不违 反信息披露义务人章程或内部规则中的任何条款，或与之冲突。 三、依据《中华人民共和国证券法》《上市公司收购管理办法》等相关规定， 本报告书已全面披露信息披露义务人在乐鑫信息科技（上海）股份有限公司拥有 权益的股份变动情况。截至本报告书签署之日，除本报告书披露的持股信息外， 信息披露义务人没有通过任何其他方式增加或减少其在乐鑫信息科技（上海）股 份有限公司中拥有权益的股份。 四、本次权益变动是根据本报告 ...

一、 信息披露义务人及其一致行动人的基本信息 1.身份类别 | | ☑控股股东/实际控制人及其一致行动人 | | --- | --- | | 投资者及其一致 | □其他 5%以上大股东及其一致行动人 | | | □合并口径第一大股东及其一致行动人（仅适用于无控股股 | | 行动人的身份 | | | | 东、实际控制人） | | | □其他______________（请注明） | 证券代码：688018 证券简称：乐鑫科技 公告编号：2025-055 乐鑫信息科技（上海）股份有限公司 关于持股 5%以上股东权益变动触及 5%刻度 的提示性公告 乐鑫（香港）投资有限公司保证向本公司提供的信息真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息一致。 重要内容提示： | 权益变动方向 | 比例增加□ | 比例减少☑ | | --- | --- | --- | | 权益变动前合计比例 | 40.12% | | | 权益变动后合计比例 | 39.84% | | | 本次变动是否违反已作出的承诺、意向、计划 | 是□ 否☑ | | | 是否触发强制要约收 ...

Core Insights - The AI toy market is rapidly emerging as a new entrepreneurial and investment hotspot, with major tech companies like OpenAI, Tesla, and ByteDance entering the space [2][3][4] - The market is experiencing explosive growth, particularly in early education toys, with sales increasing sixfold in January 2024 compared to previous months [3][6] - The industry is characterized by high demand, high prices, and high profit margins, making AI toys a key area for growth in the toy sector [3][15] Industry Trends - A wave of former executives from major tech companies is launching startups in the AI toy sector, indicating a shift from small entrepreneurs to larger players entering the market [4][6] - Over 100 companies are actively developing AI toy products, with a diverse range of offerings expected to emerge this year [3][6] - The market is still in its early stages, with a lack of consensus on what constitutes a "true" AI toy, highlighting the need for a clear definition and product differentiation [12][13] Investment Landscape - The AI toy sector has attracted significant interest from 96 investment institutions, including major players like ByteDance and Coca-Cola, with a notable increase in financing activities since 2024 [6][8] - Companies like Tom Cat are seeing strong investor interest, particularly after achieving top rankings on platforms like Douyin and Xiaohongshu [6][15] Market Dynamics - The global toy market is projected to grow from 773.1 billion yuan in 2023 to 993.7 billion yuan by 2028, with China's market expected to increase from 104.9 billion yuan to 165.5 billion yuan during the same period [15][17] - AI toys typically command higher prices and profit margins compared to traditional toys, with some AI products priced significantly higher than their non-AI counterparts [15][16] - The industry is witnessing a trend towards integrating advanced technologies, such as robotics and AI, into traditional toy formats, which could reshape the entire toy market [14][19] Consumer Insights - There is a growing awareness among consumers regarding the interactive and personalized capabilities of AI toys, although many still focus on basic functionalities like storytelling [10][13] - The market is expected to evolve towards products that not only entertain but also provide emotional companionship and personalized experiences for children [13][18]

Group 1 - The core viewpoint of the news highlights the strong performance of the Southern Science and Technology Chip ETF (588890), which saw a nearly 2% increase during early trading on July 29, 2025, with a turnover of 5.5% and a transaction volume of 32.32 million yuan [1] - The underlying index, the Shanghai Science and Technology Chip Index (000685), rose by 1.57%, with significant gains in constituent stocks such as Dongxin Co., Ltd. (688110) up 20.01%, Fudan Microelectronics (688385) up 9.26%, and Naxin Microelectronics (688052) up 7.92% [1] - Over the past year, the Southern Science and Technology Chip ETF (588890) has seen an increase in scale by 534 million yuan, with a notable growth of 3 million shares in the last two weeks [1] Group 2 - On July 28, the Shanghai Municipal Economic and Information Commission released measures to further expand the application of artificial intelligence, emphasizing support for key technological innovations in areas such as intelligent chips and brain-computer interfaces, with funding support of up to 50% for strategic projects [2] - According to China International Capital Corporation (CICC), the semiconductor industry is experiencing high demand, with rapid growth in the shipment of existing applications and the emergence of new applications, benefiting leading companies through operational leverage and rising net profit margins [2] - The Southern Science and Technology Chip ETF (588890) closely tracks the Shanghai Science and Technology Chip Index, which includes companies involved in semiconductor materials, chip design, manufacturing, packaging, and testing, reflecting the overall performance of representative chip industry listed companies [3]

Group 1: Liquidity and Scale of AI ETF - The AI ETF has a turnover rate of 4.87% with a half-day trading volume of 173 million yuan, and an average daily trading volume of 204 million yuan over the past week [3] - The latest scale of the AI ETF reached 3.515 billion yuan, with continuous net inflows over the past six days, peaking at 167 million yuan in a single day, totaling 271 million yuan [3] - Leveraged funds are actively participating, with the latest margin buying amounting to 15.1914 million yuan and a margin balance of 106 million yuan [3] Group 2: Performance Metrics of AI ETF - As of July 28, the AI ETF's net value has increased by 55.46% over the past year, ranking 336 out of 2938 index equity funds, placing it in the top 11.44% [3] - The highest monthly return since inception was 30.38%, with the longest consecutive monthly gains being three months and the longest cumulative gain being 43.97%, averaging a monthly return of 6.80% [3] Group 3: Index Composition and Major Stocks - The CSI Artificial Intelligence Industry Index includes 50 representative listed companies, selected based on their AI business proportion, growth level, and market capitalization [3] - As of June 30, 2025, the top ten weighted stocks in the index account for 52.07% of the total weight, with notable companies including Zhongji Xuchuang, Xinyi Sheng, and Keda Xunfei [4][6] Group 4: Government Initiatives and Market Outlook - The Shanghai Municipal Economic and Information Commission has issued measures to expand AI applications, including a 600 million yuan subsidy for computing power and support for enterprise R&D in large models [7] - The current AI wave is driven by technological innovations from companies like DeepSeek, showcasing China's competitive strength in the global AI sector, which may lead to a reevaluation of the value of Chinese tech assets by global investors [7]

Core Viewpoint - Lexin Technology has received approval from the Shanghai Stock Exchange for its application to issue shares to specific investors, pending final approval from the China Securities Regulatory Commission (CSRC) [1] Group 1: Share Issuance Details - The total amount to be raised from the issuance is not more than RMB 177,787.67 million, which will be used for various projects including Wi-Fi 7 router chip development and AI edge chip development [2][3] - The issuance will involve no more than 15,670,272 shares, which is capped at 10% of the company's total share capital prior to the issuance [4][5] - The issuance price will be set at no less than 80% of the average trading price of the company's shares over the 20 trading days preceding the pricing date [4] Group 2: Investment Projects - The funds will be allocated to the following projects: - Wi-Fi 7 router chip development: RMB 39,852.47 million - Wi-Fi 7 smart terminal chip development: RMB 24,985.75 million - AI edge chip development based on RISC-V self-developed IP: RMB 43,176.45 million - Shanghai R&D center construction: RMB 59,773.00 million - Supplementing working capital: RMB 10,000.00 million [3] Group 3: Shareholder Structure - The controlling shareholder of Lexin Technology is Lexin Hong Kong, which holds 40.06% of the shares. The actual controller is Teo Swee Ann, who indirectly holds the same percentage through various entities [5][6] - After the issuance, if Teo Swee Ann does not participate, he will still control 36.42% of the shares, indicating that the control of the company will not change post-issuance [6]