Core Insights - The smart storage manufacturing industry is experiencing rapid growth, driven by advancements in AI technology and increasing demand for AI-enabled products and applications [1][4] - The global smart storage manufacturing market is projected to grow from $129.23 billion in 2020 to $177.81 billion by 2024, with a compound annual growth rate (CAGR) exceeding 8% from 2020 to 2024 [4] Industry Definition and Classification - Smart storage utilizes advanced information technology, integrating AI, big data analytics, and automated operations to optimize production, management, and logistics of storage devices [2][3] - It enhances support for high concurrency and low latency applications, improving performance, quality, and production efficiency while reducing costs and resource consumption [2][3] Market Size and Growth - The smart storage manufacturing market is expected to reach $195.6 billion by 2025, indicating a strong upward trend in market demand [4] Industry Policies - The Chinese government has implemented various policies to create a favorable environment for the development of the smart storage manufacturing industry, recognizing the increasing importance of data as a new form of production material [3] Competitive Landscape - The global smart storage market is characterized by significant differentiation, with the consumer market being highly standardized and dominated by major players using OEM or ODM models [5] - The enterprise storage market is highly concentrated, led by a few international top manufacturers [5] Key Players - Major companies in the smart storage market include Bawei Storage, Jingcun Technology, Miaocun Technology, Samsung, SK Hynix, Micron, Longke Technology, Beijing Junzheng, and Unisplendour [5][6] Company Highlights - **Xiechuang Data**: The second-largest domestic smart storage device manufacturer, focusing on customized cloud solutions and expanding into AI computing and storage chip development [8][9] - **Longke Technology**: Known for its innovation in storage products, including SSDs and DRAM, with a focus on optimizing product lines and expanding into gaming markets [10] Industry Development Trends - Smart storage is evolving from a passive data container to an active, intelligent, secure, and efficient data service engine, essential for digital transformation and data-driven decision-making [11] - The integration of technology and ecosystem collaboration will accelerate the penetration of application scenarios, with AI and AI data centers being key growth drivers for the future [11]

11月4日，朗科科技盘中下跌2.12%，截至09:49，报29.97元/股，成交2.18亿元，换手率3.53%，总市值 60.06亿元。 朗科科技所属申万行业为：计算机-计算机设备-其他计算机设备。所属概念板块包括：存储概念、国资 改革、融资融券、芯片概念、智能眼镜等。 截至9月30日，朗科科技股东户数3.35万，较上期增加1.52%；人均流通股5981股，较上期减少1.50%。 2025年1月-9月，朗科科技实现营业收入7.95亿元，同比增长35.19%；归母净利润-2846.47万元，同比增 长58.26%。 分红方面，朗科科技A股上市后累计派现1.70亿元。近三年，累计派现1002.00万元。 机构持仓方面，截止2025年9月30日，朗科科技十大流通股东中，香港中央结算有限公司位居第三大流 通股东，持股278.21万股，为新进股东。 责任编辑：小浪快报 资金流向方面，主力资金净流入615.16万元，特大单买入822.75万元，占比3.78%，卖出485.88万元，占 比2.23%；大单买入3824.75万元，占比17.56%，卖出3546.47万元，占比16.29%。 朗科科技今年以来股价涨29.74% ...

Core Insights - The event held in Guangzhou focused on the development of the computing power industry in the Guangdong-Hong Kong-Macao Greater Bay Area, highlighting the latest progress and achievements of the Shaoguan data center cluster [1][2] Group 1: Industry Development - Shaoguan is designated as a key data center cluster under the "East Data West Computing" initiative, aiming to optimize the computing power industry ecosystem with policies such as computing power vouchers [2][3] - The Shaoguan data center cluster has a capacity to support 120,000 standard racks and 180,000 P of intelligent computing power, with significant infrastructure developments including dual power and water supply systems [2][3] - The local government is committed to supporting the computing power industry, focusing on attracting quality resources and promoting high-quality development in the digital economy [3][4] Group 2: Investment Opportunities - The comprehensive cost of the data industry in Shaoguan is approximately 60% of that in the Greater Bay Area, making it an attractive location for data industry development [4] - A list of computing power application scenarios and capabilities was released, covering various sectors such as education, advanced manufacturing, and energy infrastructure, providing clear collaboration directions for quality projects [4]

Summary of the Conference Call Company Overview - The conference call featured **Langke Technology**, a storage company focusing on storage modules and expanding into computing power sectors after being acquired by Shaoguan State-owned Assets [2][6][27]. Financial Performance - For the first three quarters of 2023, Langke Technology reported revenues of approximately **800 million** CNY, reflecting a **35%** year-on-year increase [2]. - In Q3 alone, the company achieved revenues of over **300 million** CNY, marking an **80%** increase year-on-year [2]. - The net loss for the first three quarters was around **28 million** CNY, which is an improvement of over **60%** compared to the previous year [2]. - Q3 net loss was approximately **8.5 million** CNY, also showing an **80%** improvement year-on-year [2]. Inventory Management - The inventory at the end of Q3 was about **300 million** CNY, up **56%** from the beginning of the year [2][3]. - The inventory structure is primarily composed of **NAND** products, which account for over **80%** of the inventory [4]. Product Structure - The product mix includes **SSD** (over **50%**), **DRAM** (around **10%**), and other storage products like USB drives and mobile storage [4][24]. Strategic Partnerships and Market Position - Langke Technology has formed a strategic partnership with **Huawei** to enhance its market presence in the **Guangdong-Hong Kong-Macao Greater Bay Area**, which accounts for over **1/8** of national demand [7][8]. - The company is establishing a joint venture with **Huixin Information Technology**, a diamond-level agent of Huawei, to promote sales in the computing power and storage sectors [8][10]. Industry Outlook - The storage industry is experiencing a favorable cycle, and Langke Technology is optimistic about price increases and market demand [12][13]. - The company is focused on expanding its presence in the enterprise storage market, driven by domestic demand for localized products due to geopolitical factors [20]. Future Plans - Langke Technology plans to increase inventory levels in anticipation of rising prices and demand [16][17]. - The company is exploring opportunities in the computing power sector, aligning with national strategies like the **East Data West Computing** initiative [6][27]. Government Support - The Shaoguan government is expected to provide support through policies and funding to facilitate the development of the computing power industry [26][27]. Conclusion - Langke Technology is positioned to benefit from favorable market conditions and government support, with a focus on expanding its product offerings and market reach in the storage and computing power sectors [48].

Core Viewpoint - Langke Technology, a leader in flash memory applications and mobile storage technology, is positioned to benefit from the global increase in electronic device shipments and data center construction, despite current financial challenges [5]. Group 1: Company Overview - Langke Technology was established on May 14, 1999, and listed on the Shenzhen Stock Exchange on January 8, 2010, with its headquarters in Shenzhen, Guangdong Province [1]. - The company is recognized as the inventor of the flash drive and holds leading global technology and patents in flash applications and mobile storage, with products sold in over 60 countries [1]. Group 2: Financial Performance - For Q3 2025, Langke Technology reported revenue of 795 million yuan, ranking 24th out of 63 in the industry, while the industry leader, Inspur Information, had revenue of 120.67 billion yuan [2]. - The net profit for the same period was -29.10 million yuan, placing the company 47th in the industry, with the top performer, Inspur Information, reporting a net profit of 1.49 billion yuan [2]. Group 3: Financial Ratios - As of Q3 2025, Langke Technology's debt-to-asset ratio was 22.30%, an increase from 14.78% year-on-year, which is below the industry average of 34.38%, indicating relatively low debt pressure [3]. - The company's gross profit margin for Q3 2025 was 7.90%, down from 9.84% year-on-year, and below the industry average of 34.46%, suggesting a need for improvement in profitability [3]. Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 1.52% to 33,500, with an average holding of 5,981.36 shares, a decrease of 1.50% [5]. - Hong Kong Central Clearing Limited is the third-largest shareholder, holding 2.78 million shares as a new shareholder [5]. Group 5: Future Outlook - The company is expected to benefit from the "East Data West Computing" initiative, with its operations in Shaoguan being strategically significant [5]. - Langke Technology is diversifying its product offerings, including power scheduling, power leasing, and AI server/integrated machine products, while exploring new business models based on computing power [5]. - Revenue projections for 2025-2027 are 851 million, 1.046 billion, and 1.301 billion yuan, with net profits expected to shift from -31 million to 217 million yuan [5].

证券代码：300042 证券简称：朗科科技 公告编号：2025-058 1、本次股东会无否决议案的情形。 2、本次股东会无增加、变更议案的情形。 3、本次股东会不涉及变更前次股东会决议。 4、本次股东会审议各项议案时对中小投资者的表决单独计票。中小投资者是指除 公司董事、高级管理人员以及单独或者合计持有公司5%以上股份的股东以外的其他股 东。 深圳市朗科科技股份有限公司 2025年第三次临时股东会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 重要提示： 一、会议召开和出席情况 1、深圳市朗科科技股份有限公司（以下简称"公司"）2025 年第三次临时股东会 于 2025 年 10 月 30 日下午 15:00 在深圳市南山区高新南六道朗科大厦 19 楼会议室以现 场表决与网络投票相结合的方式召开。其中，通过深圳证券交易所交易系统进行网络投 票的具体时间为 2025 年 10 月 30 日上午 9:15-9:25、9:30-11:30，下午 13:00-15:00；通 过深圳证券交易所互联网投票系统进行网络投票的具体时间为 2025 年 10 月 30 ...

法律意见书 二〇二五年十月 北京市中伦（深圳）律师事务所 关于深圳市朗科科技股份有限公司 北京市中伦（深圳）律师事务所 关于深圳市朗科科技股份有限公司 2025 年第三次临时股东会的 2025 年第三次临时股东会的 法律意见书 致：深圳市朗科科技股份有限公司 北京市中伦（深圳）律师事务所（以下简称"本所"）受深圳市朗科科技股 份有限公司（以下简称"公司"）委托，指派梁严鑫律师、郭子威律师出席并见 证公司 2025 年第三次临时股东会（以下简称"本次股东会"），并依据《中华 人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国证券法》 （以下简称"《证券法》"）、《上市公司股东会规则》（以下简称"《股东会 规则》"）以及《深圳市朗科科技股份有限公司章程》（以下简称"《公司章程》"） 等有关规定，就本次股东会的召集、召开程序、出席现场会议人员的资格、召集 人资格、会议表决程序及表决结果等事项出具本法律意见书。 为出具本法律意见书，本所律师审查了公司本次股东会的有关文件和材料。 本所律师得到公司如下保证，即其已提供了本所律师认为出具本法律意见书所必 需的材料，所提供的原始材料、副本、复印件等材料、口头证言 ...

Core Viewpoint - Langke Technology (SZ 300042) reported a revenue of approximately 795 million yuan for the first three quarters of 2025, reflecting a year-on-year increase of 35.19%. However, the company recorded a net loss attributable to shareholders of approximately 28.46 million yuan, with a basic earnings per share loss of 0.142 yuan [1]. Company Summary - Revenue for the first three quarters of 2025 reached approximately 795 million yuan, marking a 35.19% increase year-on-year [1]. - The net profit attributable to shareholders was a loss of approximately 28.46 million yuan [1]. - Basic earnings per share reported a loss of 0.142 yuan [1]. Industry Summary - The A-share market has surpassed 4000 points, indicating a significant market resurgence after a decade of stagnation, with technology being a key driver in reshaping the market dynamics [1]. - A new "slow bull" market pattern is emerging, suggesting a shift in investor sentiment and market behavior [1].

Core Viewpoint - Langke Technology (300042) reported continuous improvement in performance for the first three quarters of 2025, with significant revenue growth and a reduction in net loss compared to the previous year [1] Financial Performance - For the first three quarters of 2025, the company achieved revenue of 795 million yuan, an increase of 35.19% year-on-year [1] - The net profit attributable to the parent company, after deducting non-recurring items, recorded a loss of 28.14 million yuan, but this represented a 63.86% improvement year-on-year [1] - In the third quarter of 2025, the company realized revenue of 316 million yuan, up 82.73% year-on-year [1] - The net profit attributable to the parent company for the third quarter, after deducting non-recurring items, was a loss of 8.58 million yuan, reflecting an 80.31% improvement year-on-year [1] Inventory and Market Impact - As of September 30, 2025, the company's inventory reached 291 million yuan, a significant increase of 55.96% compared to the beginning of the year, driven by rising storage market prices [1] Strategic Developments - On the same day as the quarterly report release, the board of Langke Technology approved the establishment of a joint venture between its wholly-owned subsidiary, Shaoguan Luyuan Langkun Technology Co., Ltd. (301305), and Guangdong Huixin Information Technology Co., Ltd. [1] - The joint venture will be responsible for the sales promotion, channel construction, and project management of Langkun products across various business sectors [1] - Huixin Information primarily serves leading companies such as Huawei, Tencent, and Alibaba [1]

Core Viewpoint - Langke Technology (300042.SZ) reported a revenue of 795 million yuan for the first three quarters of 2025, reflecting a year-on-year growth of 35.19% [1] Financial Performance - The net loss attributable to shareholders of the listed company was 28.4647 million yuan [1] - The net loss attributable to shareholders, excluding non-recurring gains and losses, was 28.1448 million yuan [1] - The basic loss per share was 0.142 yuan [1]