涔愰懌绉戞妧:EspressifSystemsQ12024Report

【摘要】Q12024REPORTContents03AboutEspressif04Business04KeyFinancialData(Unaudited)Highlights04FinancialIndicators(U...

 Q12024REPORT

                    Contents
 03
About
Espressif
 04

Business                      04  Key Financial Data (Unaudited)

Highlights

                                04  Financial Indicators (Unaudited)

                                05  Financial Analysis

 06

Management                06  Business Strategy                  11  Developer Community Content
Report

                                07  Core Technologies                12  Business Model

                                08  Key Products - IoT Chips            14  Ownership of Securities

                                09  Key Products - Product Map        15  Risks and Uncertainties

                                10  Market

 16

Consolidated                16  Consolidated                      19  Consolidated Cash Flow

Financial                            Balance Sheet                          Statement

Statements                  18  Consolidated

(Unaudited)

                                      Income Statement

 20

Further                        20  Terms and Conditions

Information                        of the Report

                                21  List of abbreviations


 ESPRESSIF SYSTEMS | Q1 2024 REPORT | AFABCOTUSTAEBSOPURTESESSIPFRESSIF

About Espressif

Espressif Systems is a public, multinational, fabless, semiconductor company focused on developing cu ting-edge,
wireless-communication, low-power chipsets. By leveraging wireless computing, we provide green, versatile and

cost-e fective AIoT solutions. We have accomplished a hardware-and-so tware, closed-loop development cycle for a
series of core technologies, including RF, Wi-Fi & Bluetooth LE network protocol stacks, RISC-V MCUs, AI instruction
sets and algorithms, operating systems, toolchains, compilers, IoT so tware application frameworks, Cloud, etc.

We have a diverse team of engineers from around the world. All company branches employ about 630 members of

sta f from almost 30 countries and regions, +78% of whom are based in our Research & Development Department.
We have eight R&D centers in 铿乿e countries, including China (4 out of 8), India, the Czech Republic, Brazil and

Singapore.The company鈥檚 increasing reputation in recent years has been instrumental in a tracting talented

engineers from across the world. Being united by our passion for technology, our diversity is our strength, as it

allows the creative blending of di ferent kinds of knowledge, perspectives and ways of thinking.

              1

      global Wi-Fi MCU              over 1 billion global                  millions of

        market leader                IoT chip shipments                developers

                                  Our R&D Centers

                                                  China

                                                              Shanghai          Hefei

                                                              Suzhou            Wuxi

                                                  Brazil          India

                                                              Campinas        Pune

                                                  Czech          Singapore

                                                  Republic

                                                              Brno

Business Highlights (Unaudited)
Key Financial Data (Unaudited)

                                                                        Three Months Ended                    Fiscal Year

 CNY                                                              March 31, 2024        March 31, 2023          2023

 Consolidated Statement of Income Data

 Revenue                                                            387,191,412          318,117,442          1,433,064,911
 Gross pro铿乼                                                          162,367,542          129,518,046          581,248,531
 Selling expe                                                          12,852,562            12,172,902            52,583,650
 General and                                                          14,871,808            13,915,033            61,618,348
 Research a                                                          103,846,179            85,483,014          403,713,557
 Net income                                                            53,915,482            31,087,430          136,204,637
 Earnings pe

  Basic                                                                  0.6849                0.3884                1.7012
  Diluted                                                                  0.6849                0.3884                1.6929
                                                                  March 31, 2024    December 31, 2023

 Consolidated Balance Sheet Data

 Cash, cash