Investment Rating - The report assigns a "Buy" rating to the company, indicating a potential upside in the stock price [7][9]. Core Insights - The demand for AI computing power in China is expected to surge, benefiting the DRAM industry, particularly for the company as a leading memory interface chip manufacturer [7][9]. - The company's revenue for 2024 is projected to reach RMB 3.64 billion, representing a year-over-year growth of 59.2%, with net profit expected to grow significantly [9]. - The stock is currently trading at a PE ratio of 38 times for 2026, suggesting room for valuation improvement compared to other leading computing chip companies [7][9]. Summary by Sections Company Overview - The company operates in the electronics industry, with a current stock price of RMB 72.44 and a market capitalization of RMB 82.93 billion [2]. Recent Ratings - The latest rating was published on October 31, 2024, with a closing price of RMB 49.95 and a "Buy" recommendation [3]. Financial Performance - The company reported a net profit of RMB 1.299 billion in 2022, with projections for 2025 and 2026 to reach RMB 1.769 billion and RMB 2.188 billion, respectively [8][14]. - The earnings per share (EPS) is expected to increase from RMB 1.21 in 2024 to RMB 1.92 in 2026, reflecting a strong growth trajectory [8][9]. Market Trends - The report highlights a significant increase in demand for high-frequency and high-speed memory products, driven by advancements in AI applications and competition among major internet companies in China [9].

证券代码：688008 证券简称：澜起科技 公告编号：2025-004 重要内容提示： 关于持股 5%以上股东权益变动触及 1%的提示性公告 合计持股 5%以上股东珠海融英股权投资合伙企业（有限合伙）、WLT Partners, L.P 保证向澜起科技股份有限公司提供的信息不存在任何虚假记载、误 导性陈述或者重大遗漏，并对其真实性、准确性和完整性依法承担法律责任。 本公司董事会及全体董事保证公告内容与上述股东提供的信息一致。 澜起科技股份有限公司（以下简称"公司"）于 2025 年 2 月 19 日收到珠海 融英股权投资合伙企业（有限合伙）、WLT Partners, L.P（以下简称"珠海融英 及其一致行动人"或"信息披露义务人"）发来的《关于澜起科技股份有限公司 股东权益变动的告知函》，珠海融英及其一致行动人自 2025 年 2 月 5 日至 2025 年 2 月 19 日期间，通过集中竞价交易方式合计减持公司股份 3,000,000 股，占公 司总股本的比例约为 0.26%；同时，因限制性股票归属致公司总股本增加，珠海 融英及其一致行动人持股比例被动稀释。本次权益变动后，珠海融英及其一致行 动人合计持有 ...

Core Viewpoint - Company plans to sign procurement agreements with Intel for raw materials, R&D tools, and services, with a budget not exceeding 106 million RMB, which is considered a normal business transaction that does not affect its independence or harm shareholder interests [1] Group 1: Procurement and Business Operations - The procurement of raw materials is essential for delivering products to customers and recognizing sales revenue [2] - There is a necessary cycle from raw material procurement to manufacturing finished products and delivering them to customers [3] Group 2: Financial Performance and Projections - For the fiscal year 2024, the company expects to achieve approximately 3.639 billion RMB in revenue, a year-on-year increase of about 59.20%, with interconnect chip sales projected at around 3.349 billion RMB, up 53.31% [4] - The company anticipates a net profit between 1.378 billion RMB and 1.438 billion RMB, representing a year-on-year growth of 205.62% to 218.93%, and a non-GAAP net profit between 1.224 billion RMB and 1.284 billion RMB, reflecting a growth of 230.82% to 247.04% [4] - The significant growth in 2024 is attributed to the recovery in demand from the global server and computer industry, as well as the increasing penetration of DDR5 memory and the launch of new high-performance chips driven by AI trends [4]

证券代码：688008 证券简称：澜起科技 公告编号：2025-002 澜起科技股份有限公司 关于签署相关采购协议暨关联交易的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 一、日常关联交易基本情况 澜起科技股份有限公司（以下简称"公司"）因经营发展需要，拟与 Intel Corporation 及其直接或间接控制的公司（以下简称"英特尔公司"或"关联人"） 就采购原材料、研发工具及服务等事项签署相关协议，董事会同意授权管理层在 不超过 1.06 亿元人民币额度范围内签署相关的采购协议。 1 公司拟与英特尔公司就采购原材料、研发工具及服务等事项签署相关采购 协议，董事会授权管理层在不超过 1.06 亿元人民币额度范围内签署上述采 购协议。 本次关联交易为公司日常关联交易，以公司正常经营业务为基础，以市场 价格为定价依据，不影响公司的独立性，不存在损害公司及股东利益的情 形，公司不会因该关联交易对关联人产生重大依赖。 本次关联交易事项已经第三届董事会第五次会议及第三届监事会第五次会 议审议通过，关联董事 ...

证券代码：688008 证券简称：澜起科技 公告编号：2025-003 澜起科技股份有限公司 第三届监事会第五次会议决议公告 本公司监事会及全体监事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 一、监事会会议召开情况 澜起科技股份有限公司（以下简称"公司"）第三届监事会第五次会议于 2025 年 2 月 8 日以通讯方式召开，公司于 2025 年 2 月 6 日以邮件方式向全体监事发 出召开本次会议的通知，与会的各位监事已知悉所议事项相关的必要信息。会议 应参加表决的监事 3 人，实际参加表决的监事 3 人。本次会议经全体监事一致同 意豁免通知时限的要求，本次会议的召集和召开程序符合有关法律、行政法规、 部门规章、规范性文件和《公司章程》的规定，会议决议合法、有效。 公司因经营发展需要，拟与 Intel Corporation 及其直接或间接控制的公司（以 下简称"关联人"）就采购原材料、研发工具及服务等事项签署相关协议，将授 权管理层在不超过 1.06 亿元人民币额度范围内签署相关的采购协议。本次关联 交易为公司日常关联交易，以公司正常经营 ...

当你的电脑开始"自己思考"，你准备好跟紧这波红利了吗？ 作者 | 木鱼 编辑 | 小白 Deepseek，一定能够称得上人工智能（AI）领域的标志性大事件。它在一夜之间，霸占30多个多家的APP 下载榜单第一名，成功登顶各大平台的热搜榜，让国产AI成为名副其实的全球顶流。 大神卡帕西深表震惊，Sam Altman发推特阴阳，国外媒体奉其为"东方神秘力量"，就连美国总统特朗普 都暴跳如雷了。 网友们也开始分享deepseek的使用心得，相关帖子、视频铺天盖地，从创作诗歌到撰写年终总结，从脱口 秀文本到策划方案，总之各种案例那是目不暇接。 风云君也忍不住暗喜，是不是以后不用苦逼哈哈的码字写研报了？搞不好一个月能完成三五个人的KPI完 全不是梦啊！ 新年开工第一天，风云君兴致勃勃的打开电脑，进入deepseek官网，准备深入研究使用方法。然而，得到 最多的答案是： 下载手机APP后，风云君得到的是同样的答案。惊人的流量，让Deepseek网站，崩了一次又一次。 当然，除了网络延迟导致的响应不及时，网站和APP等云端部署方式还存在数据安全隐患等问题。特别是 涉及敏感信息的行业，如金融领域，涉及大量的交易数据和客户信息 ...

Group 1 - A total of 320 companies have been investigated by institutions in the past 10 days [1] - The majority of the investigations were conducted by securities companies, totaling 292, which accounts for the highest proportion [1] - Fund companies conducted research on 254 companies, ranking second in the number of investigations [1] Group 2 - Overseas institutions visited a total of 82 listed companies [1] - Among the overseas institutions, Lianqi Technology was the most focused, with 38 overseas institutions participating in its investigation [1] - Zhaoyi Innovation followed closely, with 36 overseas institutions involved in its research [1]

Core Viewpoint - Company announces successful sampling of its second-generation Multi-Channel Redriver Clock Driver (MRCD) and Multi-Channel Data Buffer (MDB) chips to major global memory manufacturers, designed for DDR5 Multi-Channel Dual In-line Memory Module (MRDIMM) with a maximum support of 12800 MT/s data transfer rate, addressing the urgent bandwidth needs of high-performance computing and artificial intelligence applications [1] Group 1 - The second-generation MRCD and MDB chips are specifically designed for next-generation computing platforms [1] - The first-generation MRCD and MDB chips, which support data rates of 8800 MT/s, have recently been procured in bulk by major global memory manufacturers [1] - The new second-generation chips offer approximately a 45% improvement in data transfer rate compared to the first generation [1]

Revenue Projections - The company expects to achieve approximately CNY 3.639 billion in revenue for 2024, representing a year-on-year growth of about 59.20%[3] - The sales revenue from interconnect chip products is anticipated to be approximately CNY 3.349 billion, which is a year-on-year increase of about 53.31%[7] - The company expects to achieve a revenue of approximately CNY 1.068 billion in Q4 2024, with interconnect chip sales revenue around CNY 0.972 billion[9] Profit Projections - The projected net profit attributable to the parent company for 2024 is estimated to be between CNY 1.378 billion and CNY 1.438 billion, reflecting a growth of 205.62% to 218.93% compared to the previous year[3] - The net profit attributable to the parent company, excluding non-recurring gains and losses, is expected to be between CNY 1.224 billion and CNY 1.284 billion, indicating a growth of 230.82% to 247.04% year-on-year[3] - The net profit for Q4 2024 is projected to be between CNY 0.400 billion and CNY 0.460 billion, with net profit excluding non-recurring items expected to be between CNY 0.350 billion and CNY 0.410 billion[9] Quarterly Performance Expectations - The company anticipates that the revenue, interconnect chip sales, net profit, and net profit excluding non-recurring items for Q4 2024 will all set new quarterly records[10] Growth Drivers - The significant growth in 2024 is attributed to the recovery in demand from the global server and computer industries, as well as the increasing penetration of DDR5 memory interface chips[7] - The company has launched three new high-performance chips (PCIe Retimer, MRCD/MDB, CKD chips) that are expected to contribute to new revenue growth[7] Financial Data Caution - The company emphasizes that the financial data for 2024 is preliminary and subject to final audit, urging investors to be aware of investment risks[12]

Group 1 - The core point of the article is that Lanke Technology has successfully passed the CXL 2.0 compliance test for its CXL® memory expansion controller (MXC) chip, making it one of the first suppliers listed by the CXL Alliance for CXL 2.0 compliance [1] - This achievement follows Lanke Technology's earlier recognition as a compliant supplier for CXL 1.1 in 2023, indicating significant progress in product compliance [1]