I just bought the Topping EX5 and got it today. here's my take.
A few month ago I emailed Topping's boss and JohnYang, asking for a device that is
1. combo unit with DAC XLR output and headphone out. For HP out, just use the L30 circuit.
2. low power. use switch power supply so it won't produce a lot of heat. sleep mode should not consume > 0.5W.
3. use single ES9038Q2M and achieve good jitter result
4. small. no desktop clutter, no cable management issue.
5. no MQA shit
6. no traditional ugly topping display.
7. has negative gain for IEM users.
8. <$400
and I can see EX5 implemented part of them. Thanks Topping.
Analysis:
1. Topping devices do not use a switch power supply that produce both +15V and -15V rails like their competitor SMSL does. So it makes them very hard to deliver -15V rail in a cheap way. On Premium devices they use premium component such as larger inductors/discrete DC-DC converters, etc. However on this cost saving device they can't. So they just use discrete charge pump followed by a tps5430 to step down into -12.3V.
No, this is not a measurement error. On the PCB I clearly see the feedback resistors are 9.1k and 1k so 1.221*10.1 = -12.33V. So you have a +15V / -12.33V rail for all op amps and headphone amplifier.
I'm not saying they are doing it wrong. but you see who the product targets. In the end you get what you paid for.
2. There's no premium grade component. You won't find things like OPA1612. All op amps in the signal path are LM4562.
Also, based on my measurement of XLR output and HP out, the power supply is a bit noisier than I expected.
3. The DAC chip is powered by, you guess it, an LM4562 op amp. No ES9311 (which is usually used as power supply chip in ESS designs) is used. The op amp also serve for bias input for LPF op amp. Usually to do a linear power supply a BJT is used with the op amp to supply more current. Not here. I'm quite surprised one piece of LM4562 has enough current to support two DAC chips + bias input.
Later I saw a PCB photo of Topping D90SE. the 9038Pro is powered by two pieces of OPA1612. Well, ok...
4. The signal path is interesting. works like the following:
1) DAC differential outputs to LPFs using LM4562.
2) differential outputs from the LPFs go into a LM4562 for summing
3) The LM4562 in stage 2 is used with a TPA6120A2 and form a nested feedback composite amplifier. The architecture is exactly the same as the Topping L30 one. It's just one chip for both L and R, while in L30 you have two chips.
4) There's another LM4562 which gets the HP out and inverts it.
Why this is interesting? Well. For the rear XLR output. it gets the XLR + phase signal from the class AB headphone amplifier discussed in 3). and the - phase signal is from the inverting signal of a regular op amp 4).
Also more interesting is there's no separate op amp for the RCA output. they share the same headphone amp output.
So for people using XLR output, the + and - signals are getting from chips for different purposes. Also for people who connect XLR and RCA simultaneously, remember they are powered by the same buffer.
In reality maybe it's fine --- After all TPA6120A2 has a lot of power, and can power RCA + XLR simultaneously. The capacitive load (if your speaker/preamp/amp has AC coupled input) may also be fine thanks to the zobel network. But just something you need to be aware of.
5. The last disappointment is from the Jitter performance. In my measurement jitter performance is quite poor. I wonder why topping was not applying their D10B into this product.
Overall Topping delivered a product in a good price tag. They cut a few corners and is able to sell it for $350 but can still get plenty of profit.
I would recommend them further improve this product by
1. using better power supply that can output +/- rails directly. this won't cost more.
2. reducing DAC chip to one. Save more cost.
3. killing MQA. Why would one need it?
4. solving the jitter issue.
I haven't done stability test though. Will report back after a month of using it.
Here's the PCB.
A few month ago I emailed Topping's boss and JohnYang, asking for a device that is
1. combo unit with DAC XLR output and headphone out. For HP out, just use the L30 circuit.
2. low power. use switch power supply so it won't produce a lot of heat. sleep mode should not consume > 0.5W.
3. use single ES9038Q2M and achieve good jitter result
4. small. no desktop clutter, no cable management issue.
5. no MQA shit
6. no traditional ugly topping display.
7. has negative gain for IEM users.
8. <$400
and I can see EX5 implemented part of them. Thanks Topping.
Analysis:
1. Topping devices do not use a switch power supply that produce both +15V and -15V rails like their competitor SMSL does. So it makes them very hard to deliver -15V rail in a cheap way. On Premium devices they use premium component such as larger inductors/discrete DC-DC converters, etc. However on this cost saving device they can't. So they just use discrete charge pump followed by a tps5430 to step down into -12.3V.
No, this is not a measurement error. On the PCB I clearly see the feedback resistors are 9.1k and 1k so 1.221*10.1 = -12.33V. So you have a +15V / -12.33V rail for all op amps and headphone amplifier.
I'm not saying they are doing it wrong. but you see who the product targets. In the end you get what you paid for.
2. There's no premium grade component. You won't find things like OPA1612. All op amps in the signal path are LM4562.
Also, based on my measurement of XLR output and HP out, the power supply is a bit noisier than I expected.
3. The DAC chip is powered by, you guess it, an LM4562 op amp. No ES9311 (which is usually used as power supply chip in ESS designs) is used. The op amp also serve for bias input for LPF op amp. Usually to do a linear power supply a BJT is used with the op amp to supply more current. Not here. I'm quite surprised one piece of LM4562 has enough current to support two DAC chips + bias input.
Later I saw a PCB photo of Topping D90SE. the 9038Pro is powered by two pieces of OPA1612. Well, ok...
4. The signal path is interesting. works like the following:
1) DAC differential outputs to LPFs using LM4562.
2) differential outputs from the LPFs go into a LM4562 for summing
3) The LM4562 in stage 2 is used with a TPA6120A2 and form a nested feedback composite amplifier. The architecture is exactly the same as the Topping L30 one. It's just one chip for both L and R, while in L30 you have two chips.
4) There's another LM4562 which gets the HP out and inverts it.
Why this is interesting? Well. For the rear XLR output. it gets the XLR + phase signal from the class AB headphone amplifier discussed in 3). and the - phase signal is from the inverting signal of a regular op amp 4).
Also more interesting is there's no separate op amp for the RCA output. they share the same headphone amp output.
So for people using XLR output, the + and - signals are getting from chips for different purposes. Also for people who connect XLR and RCA simultaneously, remember they are powered by the same buffer.
In reality maybe it's fine --- After all TPA6120A2 has a lot of power, and can power RCA + XLR simultaneously. The capacitive load (if your speaker/preamp/amp has AC coupled input) may also be fine thanks to the zobel network. But just something you need to be aware of.
5. The last disappointment is from the Jitter performance. In my measurement jitter performance is quite poor. I wonder why topping was not applying their D10B into this product.
Overall Topping delivered a product in a good price tag. They cut a few corners and is able to sell it for $350 but can still get plenty of profit.
I would recommend them further improve this product by
1. using better power supply that can output +/- rails directly. this won't cost more.
2. reducing DAC chip to one. Save more cost.
3. killing MQA. Why would one need it?
4. solving the jitter issue.
I haven't done stability test though. Will report back after a month of using it.
Here's the PCB.
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