融券方面，乐鑫科技2月2日融券偿还0.00股，融券卖出1200.00股，按当日收盘价计算，卖出金额19.17 万元；融券余量9801.00股，融券余额156.57万元，低于近一年20%分位水平，处于低位。 资料显示，乐鑫信息科技(上海)股份有限公司位于上海市浦东新区御北路235弄3号楼1-7层，成立日期 2008年4月29日，上市日期2019年7月22日，公司主营业务涉及集成电路产品的研发设计和销售。主营业 务收入构成为：模组及开发套件60.47%，芯片38.89%，其他0.64%。 截至9月30日，乐鑫科技股东户数2.01万，较上期增加25.14%；人均流通股7777股，较上期减少 20.09%。2025年1月-9月，乐鑫科技实现营业收入19.12亿元，同比增长30.97%；归母净利润3.77亿元， 同比增长50.04%。 分红方面，乐鑫科技A股上市后累计派现3.84亿元。近三年，累计派现1.45亿元。 2月2日，乐鑫科技跌5.08%，成交额5.80亿元。两融数据显示，当日乐鑫科技获融资买入额7137.64万 元，融资偿还5932.36万元，融资净买入1205.28万元。截至2月2日，乐鑫科技融资融券余额合 ...

Core Viewpoint - Lexin Technology's stock has shown a positive trend with an increase of 8.03% year-to-date and significant growth in revenue and net profit for the first nine months of 2025, indicating strong operational performance and investor interest [1][2]. Group 1: Stock Performance - On January 15, Lexin Technology's stock rose by 2.02%, reaching 183.65 CNY per share, with a trading volume of 675 million CNY and a turnover rate of 2.39%, resulting in a total market capitalization of 30.696 billion CNY [1]. - The stock has increased by 5.95% over the last five trading days, 16.74% over the last twenty days, and 2.27% over the last sixty days [1]. Group 2: Financial Performance - For the period from January to September 2025, Lexin Technology reported a revenue of 1.912 billion CNY, reflecting a year-on-year growth of 30.97%, and a net profit attributable to shareholders of 377 million CNY, which is a 50.04% increase compared to the previous year [2]. - Since its A-share listing, Lexin Technology has distributed a total of 384 million CNY in dividends, with 145 million CNY distributed over the last three years [3]. Group 3: Shareholder Structure - As of September 30, 2025, the number of shareholders for Lexin Technology reached 20,100, an increase of 25.14% from the previous period, while the average number of circulating shares per shareholder decreased by 20.09% to 7,777 shares [2]. - The second-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 7.4023 million shares, an increase of 2.2202 million shares from the previous period [3].

Group 1 - The core point of the news is that Lexin Technology's stock price dropped by 5.01% to 179.96 yuan per share, with a trading volume of 9.57 billion yuan and a turnover rate of 3.31%, resulting in a total market capitalization of 300.79 billion yuan [1] - Lexin Technology, established on April 29, 2008, and listed on July 22, 2019, is primarily engaged in the research, design, and sales of integrated circuit products [1] - The main revenue composition of Lexin Technology includes modules and development kits at 60.47%, chips at 38.89%, and others at 0.64% [1] Group 2 - From the perspective of fund holdings, one fund under Huatai Asset Management has a significant position in Lexin Technology, with Huatai Zijin CSI 1000 Index Enhanced A (018062) holding 718 shares, accounting for 0.78% of the fund's net value, making it the second-largest holding [2] - The fund was established on June 8, 2023, with a latest scale of 14.5393 million yuan, and has achieved a year-to-date return of 9.22%, ranking 1435 out of 5517 in its category [2] - The fund manager, Mao Tian, has a tenure of 8 years and 35 days, with total assets under management of 586 million yuan, and the best and worst fund returns during the tenure are 133.76% and -34.21%, respectively [2]

Group 1 - The core point of the news is that Lexin Technology's stock price increased by 5.01%, reaching 184.50 CNY per share, with a trading volume of 716 million CNY and a turnover rate of 2.54%, resulting in a total market capitalization of 30.838 billion CNY [1] - Lexin Technology, established on April 29, 2008, and listed on July 22, 2019, is primarily engaged in the research, design, and sales of integrated circuit products [1] - The main revenue composition of Lexin Technology includes modules and development kits at 60.47%, chips at 38.89%, and others at 0.64% [1] Group 2 - From the perspective of fund holdings, Yongying Fund has one fund heavily invested in Lexin Technology, specifically the Yongying SSE Sci-Tech Innovation Board Artificial Intelligence Index Fund A (024774), which held 40,200 shares, accounting for 3.15% of the fund's net value, ranking as the tenth largest holding [2] - The Yongying SSE Sci-Tech Innovation Board Artificial Intelligence Index Fund A (024774) was established on August 12, 2025, with a latest scale of 63.0089 million CNY and a year-to-date return of 10.78%, ranking 345 out of 5,579 in its category [2] - The fund manager, Zhang Lu, has a tenure of 6 years and 166 days, with total assets under management of 22.921 billion CNY, achieving the best fund return of 163.04% and the worst return of -60.31% during the tenure [2]

Group 1 - The core point of the news is that Lexin Technology's stock price increased by 5.01%, reaching 175.68 yuan per share, with a trading volume of 888 million yuan and a turnover rate of 3.30%, resulting in a total market capitalization of 29.364 billion yuan [1] - Lexin Technology, established on April 29, 2008, and listed on July 22, 2019, is based in Shanghai and specializes in the research, design, and sales of integrated circuit products [1] - The main revenue composition of Lexin Technology includes modules and development kits at 60.47%, chips at 38.89%, and others at 0.64% [1] Group 2 - From the perspective of fund holdings, Penghua Fund has one fund heavily invested in Lexin Technology, specifically the Penghua Innovation Growth Mixed A fund, which reduced its holdings by 288,400 shares in the third quarter, now holding 350,000 shares, accounting for 4.72% of the fund's net value [2] - The Penghua Innovation Growth Mixed A fund, established on March 9, 2021, has a latest scale of 1.246 billion yuan, with a year-to-date return of 19.55% and a one-year return of 24.57% [2] - The fund manager, Zhao Huarong, has been in position for 348 days, with the fund's total asset scale at 1.689 billion yuan, achieving a best return of 16.41% and a worst return of 13.53% during his tenure [2]

Core Viewpoint - Lexin Technology's stock has shown a significant increase in recent trading days, with a year-to-date rise of 8.69% and a notable 13.86% increase over the last five trading days, indicating positive market sentiment towards the company [1] Financial Performance - For the period from January to September 2025, Lexin Technology achieved a revenue of 1.912 billion yuan, representing a year-on-year growth of 30.97%. The net profit attributable to shareholders was 377 million yuan, reflecting a 50.04% increase compared to the previous year [2] - Cumulatively, Lexin Technology has distributed 384 million yuan in dividends since its A-share listing, with 145 million yuan distributed over the past three years [3] Shareholder Information - As of September 30, 2025, the number of shareholders for Lexin Technology reached 20,100, an increase of 25.14% from the previous period. The average number of circulating shares per shareholder decreased by 20.09% to 7,777 shares [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited as the second-largest shareholder with 7.4023 million shares, an increase of 2.2202 million shares from the previous period [3] Market Activity - On November 28, Lexin Technology's stock price reached 169.19 yuan per share, with a trading volume of 289 million yuan and a turnover rate of 1.10%. The total market capitalization stood at 28.279 billion yuan [1] - The stock has appeared on the "Dragon and Tiger List" once this year, with the most recent appearance on August 27, where it recorded a net purchase of 92.5144 million yuan [1]

Core Viewpoint - Lexin Technology's stock has experienced fluctuations, with a recent decline of 2.01% and a year-to-date increase of 1.47%, indicating volatility in its market performance [1] Financial Performance - For the period from January to September 2025, Lexin Technology achieved a revenue of 1.912 billion yuan, representing a year-on-year growth of 30.97% [2] - The net profit attributable to the parent company for the same period was 377 million yuan, reflecting a year-on-year increase of 50.04% [2] Stock Market Activity - As of November 11, Lexin Technology's stock price was 157.95 yuan per share, with a total market capitalization of 26.4 billion yuan [1] - The stock has seen a net outflow of 9.5143 million yuan in principal funds, with significant buying and selling activity from large orders [1] Shareholder Information - As of September 30, 2025, Lexin Technology had 20,100 shareholders, an increase of 25.14% from the previous period [2] - The average number of tradable shares per shareholder decreased by 20.09% to 7,777 shares [2] Dividend Distribution - Lexin Technology has distributed a total of 384 million yuan in dividends since its A-share listing, with 145 million yuan distributed over the past three years [3] Institutional Holdings - As of September 30, 2025, the second-largest circulating shareholder was Hong Kong Central Clearing Limited, holding 7.4023 million shares, an increase of 2.2202 million shares from the previous period [3] - The fourth-largest circulating shareholder, Harvest SSE STAR Chip ETF, reduced its holdings by 100,100 shares [3]

Core Viewpoint - Lexin Technology's stock has shown fluctuations in recent trading days, with a year-to-date increase of 4.54% and a notable decline of 24.72% over the past 20 days [1][2] Company Overview - Lexin Technology, established on April 29, 2008, and listed on July 22, 2019, is based in Shanghai and specializes in the research, design, and sales of integrated circuit products [1] - The company's main revenue sources are modules and development kits (60.47%), chips (38.89%), and other products (0.64%) [1] Financial Performance - For the period from January to September 2025, Lexin Technology reported a revenue of 1.912 billion yuan, representing a year-on-year growth of 30.97%, and a net profit attributable to shareholders of 377 million yuan, up 50.04% year-on-year [2] - Cumulative cash dividends since the A-share listing amount to 384 million yuan, with 145 million yuan distributed over the past three years [3] Shareholder Structure - As of September 30, 2025, the number of shareholders increased by 25.14% to 20,100, with an average of 7,777 circulating shares per person, a decrease of 20.09% [2] - The second-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 7.4023 million shares, an increase of 2.2202 million shares from the previous period [3]

Core Insights - The stock price of Lexin Technology has decreased by 2.05% to 157.80 CNY per share, with a total market capitalization of 26.375 billion CNY [1] - The company has experienced a year-to-date stock price increase of 1.37%, but has seen a decline of 9.24% over the last five trading days and 27.23% over the last 20 days [1][2] - Lexin Technology reported a revenue of 1.912 billion CNY for the first nine months of 2025, representing a year-on-year growth of 30.97%, and a net profit of 377 million CNY, up 50.04% year-on-year [2] Financial Performance - The company has a cumulative cash distribution of 384 million CNY since its A-share listing, with 145 million CNY distributed over the last three years [3] - As of September 30, 2025, the number of shareholders has increased by 25.14% to 20,100, while the average circulating shares per person decreased by 20.09% to 7,777 shares [2] Shareholder Structure - The second-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 7.4023 million shares, an increase of 2.2202 million shares from the previous period [3] - The fourth-largest circulating shareholder is Harvest SSE STAR Chip ETF, holding 2.134 million shares, which decreased by 100,100 shares compared to the previous period [3]

Core Insights - The company reported a revenue of 1.912 billion yuan for the first three quarters of 2025, a year-on-year increase of 30.97%, and a net profit attributable to shareholders of 377 million yuan, up 50.04% year-on-year [1] - In Q3 2025, the company achieved a quarterly revenue of 667 million yuan, a year-on-year increase of 23.51%, and a net profit of 116 million yuan, reflecting a year-on-year increase of 16.11%, aligning with expectations [1][2] Financial Performance - The gross margin for Q3 2025 reached 47.97%, marking a year-on-year increase of 5.83 percentage points, driven by product structure optimization and enhanced cloud service value [2] - The comprehensive gross margin for the first three quarters improved to 46.17%, up 3.36 percentage points year-on-year [2] - R&D expense ratio decreased by 1.17 percentage points to 22.14% in the first three quarters [2] Business Structure and Strategy - The company has diversified its business strategy, with smart home applications remaining the core revenue source, while non-smart home applications (e.g., industrial, medical) showed higher growth rates [2] - Revenue from modules and development kits accounted for 60.47%, while chip revenue made up 38.89% [2] - Direct sales accounted for 71.5% of sales channels, with distribution accounting for 28.5% [2] Market Expansion and Collaborations - The company’s overseas revenue accounted for over 70%, with domestic revenue at 71.76% and international revenue at 28.24% [3] - The company was listed among the "Top 100 Smart Manufacturing Enterprises in China" and formed a strategic partnership with Bosch to develop next-generation smart sensor solutions for Industry 4.0 [3] - The company initiated the "Green Chip Initiative" in collaboration with the International Semiconductor Industry Alliance to promote low-carbon technology standards [3] R&D and Financial Health - The company increased its R&D personnel to 620, a year-on-year growth of 14.39% [3] - The asset-liability ratio stands at 12.74%, with net cash flow from operating activities reaching 310 million yuan, a significant year-on-year increase of 238.32% [3] - Operating cash flow per share was 1.98 yuan, up 142.24% year-on-year [3] Future Projections - Revenue projections for 2025-2027 are 2.622 billion yuan, 3.199 billion yuan, and 3.852 billion yuan, with corresponding growth rates of 30.6%, 22.0%, and 20.4% [3] - Net profit projections for the same period are 540 million yuan, 684 million yuan, and 874 million yuan, with growth rates of 59.0%, 26.9%, and 27.7% [3] - Corresponding PE ratios are expected to be 51.33, 40.46, and 31.69 [3]