乐鑫科技: Espressif Systems 2024 Q2 & Half-Year Report内容摘要

（原标题：Espressif Systems 2024 Q2 & Half-Year Report）

Espressif Systems, a multinational fabless semiconductor company, specializes in developing cutting-edge, low-power wireless communication chipsets. The company's AIoT solutions are eco-friendly, versatile, and cost-effective, featuring a closed-loop development cycle for core technologies including Wi-Fi, Bluetooth LE, IEEE 802.15.4 protocols, RF, RISC-V MCUs, AI algorithms, operating systems, toolchains, AIoT frameworks, and Cloud services.

In the first half of 2024, Espressif's total revenue reached CNY 920.2 million, up 38.0% from CNY 667.0 million in the same period of 2023. The net income attributable to Espressif was CNY 151.6 million, a significant increase of 134.8% year-on-year. The overall gross margin stood at 43.2%, with the AIoT chips having a gross margin of 49.0%.

Espressif's business model follows a B2D2B (Business-to-Developer-to-Business) approach, focusing on product strength, differentiation, cost-effectiveness, and community support. The company possesses comprehensive engineering development capabilities spanning from IP development to complete chip design, operating systems, firmware, software frameworks, application solutions, hardware design, edge AI, cloud, and apps.

Espressif has a strong developer community, with over 2 million active followers and developers globally. The company's products are known for their high performance and low cost, ensuring long-term availability and stable software support. Espressif's product portfolio includes integrated, reliable, and energy-efficient SoCs for Wi-Fi, Bluetooth Low Energy, Thread, and Zigbee, catering to various segments of the IoT market.

Espressif's R&D investment in the first half of 2024 was CNY 218.68 million, a 22.73% increase compared to 2023. The company has been granted 195 patents by June 30, 2024, and continues to submit new patent applications.

The company's share capital as of June 30, 2024, was 112,188,505 ordinary shares listed on the Shanghai Stock Exchange under the ticker 688018.SH. The top shareholder is Espressif(Hong Kong) Investment Ltd. with 41.24% of the shares.

Espressif Systems operates in a diverse market for wireless SoCs, including applications for smart homes, consumer electronics, industrial automation, smart agriculture, healthcare, energy control, the internet of vehicles, and education. The company's business strategy focuses on hardware, OS-level development environments, software tools, application solutions, and value-added services like Cloud and Matter.