樂鑫科技(688018.SH):模組加工費用是穩定的,與Flash容量無關
格隆匯1月15日丨樂鑫科技(688018.SH)接受特定對象調研時表示,模組加工費用是穩定的,與 Flash 容量無關。但是不同的 Flash容量確實會對模組產品的毛利率產生影響。比如我們的 ESP32-S3 系列,主要應用於語音和屏場景,因此需要採用更大容量的 Flash。這類配料的價值越高,模組毛利率越低。因此客户購買的模組產品結構的變化會對公司毛利率產生影響,但客户選用模組 Flash 規格大小難以預測。所以我們還是強調保持綜合毛利率目標,不對模組單獨設定毛利率目標。
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