深圳市江波龙电子股份有限公司（以下简称"公司"）已于 2023 年 3 月 22 日披 （问题征集专题页面二维码） 会议召开时间：2023 年 3 月 29 日（星期三）下午 15:00-16:30 会议召开方式：网络互动方式 会议召开地点：全景路演（https://rs.p5w.net/html/136403.shtml） 会议问题征集：投资者可于 2023 年 3 月 28 日下午 15 点前访问网址 https://ir.p5w.net/zj/、扫描下方二维码或通过公司邮箱 ir@longsys.com 进行会 前提问，公司将通过本次年度业绩说明会，在信息披露允许范围内就投资者 普遍关注的问题进行回答。 露《2022 年年度报告》及《2022 年年度报告摘要》，具体内容详见公司披露于巨潮资 讯网（http://www.cninfo.com.cn）《2022 年年度报告》（公告编号：2023-010）、《2 022 年年度报告摘要》（公告编号：2023-011）。 为便于广大投资者更加全面了解公司 2022 年度的经营情况，公司定于 2023 年 3 月 29 日（星期三）下午 15:00-16:30 在 ...

Financial Performance - The company's net profit decreased by 92.81% compared to the previous year, primarily due to adverse macroeconomic factors such as the Russia-Ukraine conflict and high global inflation, leading to a significant decline in market demand [3]. - The company reported a total revenue of RMB 4.2 billion for the fiscal year 2022, marking a year-on-year increase of 15% [10]. - The company achieved operating revenue of 8.33 billion yuan in 2022, a year-on-year decrease of 14.55% [63]. - The net profit attributable to shareholders for 2022 was ¥72,796,954.85, down 92.81% from ¥1,013,044,015.16 in 2021 [19]. - The gross profit margin for the year was 30%, reflecting a stable performance in the semiconductor market [10]. - The gross margin for the year was reported at 35%, a slight increase from 33% in the previous year [163]. - The company reported a negative cash flow from operating activities of 326 million yuan during the reporting period [63]. - The cash flow from operating activities showed a net outflow of ¥326,363,785.88, an improvement of 59.77% compared to a net outflow of ¥811,249,772.07 in 2021 [19]. Market Outlook and Growth Potential - The company's revenue accounted for approximately 1% of the global market size during the reporting period, indicating a low global market share and substantial growth potential [4]. - The demand for enterprise-level storage is expected to increase due to greater investment in global data centers, while the automotive sector's increasing intelligence presents market opportunities for automotive-grade storage [5]. - The overall market outlook remains positive, with projected growth in the semiconductor industry expected to reach 8% in 2023 [10]. - The company has provided a positive outlook for the next fiscal year, projecting a revenue growth of 25% [9]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of the next fiscal year [9]. Research and Development - Research and development investments have increased by 30%, focusing on advanced semiconductor technologies [9]. - The company is investing in R&D, with a budget allocation of 200 million RMB for the development of next-generation storage technologies [13]. - The company maintained a research and development expenditure of RMB 356 million in 2022, focusing on enterprise-level storage products and self-developed small-capacity storage chips [65]. - The company is focusing on developing new technologies and products to drive future growth [169]. Product Development and Innovation - New product launches are expected to contribute an additional 300 million RMB in revenue, with a focus on innovative storage solutions [9]. - The company has launched two enterprise-grade SSD products and is developing high-capacity eSSD products (4TB-8TB) for data centers and cloud computing [93]. - The company has initiated mass production of UFS 2.2 and UFS 3.1 products, aiming to maintain its market leadership in embedded storage solutions [75]. - The company is expanding its product line to include DDR5 RDIMM products to enhance its offerings [52]. Strategic Partnerships and Acquisitions - The company is exploring potential mergers and acquisitions to enhance its product portfolio and market reach [9]. - A new strategic partnership has been established with a leading technology firm to co-develop next-generation storage solutions [9]. - The company is considering strategic acquisitions to enhance its supply chain capabilities, with a budget of 300 million RMB allocated for potential deals [163]. Operational Efficiency and Cost Management - The company aims to improve operational efficiency, targeting a 5% reduction in production costs over the next year [9]. - The company plans to implement cost-cutting measures that are expected to save approximately 50 million RMB annually [163]. - Strategic partnerships with key suppliers are anticipated to enhance supply chain efficiency and reduce costs by 5% [10]. Risks and Challenges - The company faces risks including high concentration of raw material suppliers, significant overseas procurement, wafer price fluctuations, and inventory depreciation risks [6]. - The company is addressing the risk of price fluctuations in wafer materials, which significantly impact gross margins, by focusing on high-end storage products that have higher profit margins compared to consumer-grade products [128]. Corporate Governance and Management - The company has established a robust independent director system to enhance decision-making efficiency and internal control effectiveness [146]. - The company has implemented a comprehensive internal control system, which was evaluated and found effective without any significant deficiencies [186]. - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with governance regulations [145]. Employee and Talent Management - The company employs 879 R&D personnel, representing 55.42% of its total workforce, emphasizing its commitment to talent development [77]. - The educational background of employees includes 2 with PhDs, 264 with Master's degrees, and 960 with Bachelor's degrees, reflecting a highly educated workforce [177]. - The company has established a comprehensive salary management system that includes base salary, benefits, bonuses, and special allowances to attract and retain talent [178]. Social Responsibility and Sustainability - The company has implemented a sustainability strategy, aiming for a 30% reduction in carbon emissions by 2025 [13]. - The company actively engages in social responsibility initiatives, including partnerships with educational institutions to foster talent in the microelectronics field [200]. - The company has no record of environmental violations and adheres to ISO standards for quality and environmental management [199].

Financial Performance - The company's revenue for Q3 2022 was ¥1,723,476,593.60, a decrease of 27.49% compared to the same period last year[4] - The net profit attributable to shareholders was -¥160,985,195.36, representing a decline of 160.13% year-on-year[4] - The company reported a basic earnings per share of -¥0.4183, down 157.94% from the same period last year[4] - The company reported cash dividends of CNY 198.17 million, distributing CNY 4.80 per 10 shares based on a total share capital of 412,864,254 shares[15] - The net profit for Q3 2022 was approximately ¥209.32 million, a significant decrease of about 77.92% compared to ¥948.02 million in Q3 2021[20] - The total comprehensive income for Q3 2022 was approximately ¥438.36 million, compared to ¥936.53 million in the same period last year, reflecting a decline of about 53.25%[20] - Basic and diluted earnings per share for Q3 2022 were both ¥0.5574, down from ¥2.5563 in Q3 2021[20] Cash Flow - The net cash flow from operating activities was -¥119,669,122.73, an improvement of 85.72% compared to the previous year[4] - Cash flow from operating activities for the period was approximately ¥6.65 billion, a decrease of about 11.63% from ¥7.52 billion in the previous year[21] - Total cash inflow from operating activities amounted to 6,840,681,669.97 CNY, while cash outflow was 6,960,350,792.70 CNY, resulting in a net cash outflow[22] - Cash and cash equivalents at the end of the period reached 1,746,134,655.40 CNY, compared to 661,300,500.82 CNY at the end of the same period last year[23] - The company raised 2,338,140,000.00 CNY from investment activities, with a net cash outflow from investment activities of -1,145,856,823.11 CNY[22] - Cash inflow from financing activities totaled 4,271,361,690.94 CNY, while cash outflow was 1,898,129,124.54 CNY, leading to a net cash inflow of 2,373,232,566.40 CNY[22] - The company reported a significant increase in cash received from operating activities, with a total of 175,382,775.24 CNY in tax refunds received[22] Assets and Liabilities - Total assets increased to ¥9,052,911,242.50, up 47.08% from the end of the previous year[4] - The company's current assets totaled CNY 7.52 billion, up from CNY 4.96 billion at the start of the year, indicating a growth of approximately 51.5%[17] - The company's inventory stood at CNY 4.02 billion, compared to CNY 3.59 billion at the beginning of the year, reflecting an increase of about 11.8%[17] - The total liabilities of the company were CNY 2.25 billion, an increase from CNY 1.78 billion at the beginning of the year, representing a growth of approximately 26.4%[18] - The company’s non-current assets totaled CNY 1.53 billion, up from CNY 1.19 billion at the beginning of the year, reflecting an increase of about 28.6%[17] Shareholder Information - The total number of common shareholders at the end of the reporting period is 26,990, with the largest shareholder, Cai Huabo, holding 39.24% (162,000,000 shares) of the company[10] - The top ten shareholders hold a combined total of 281,000,000 shares, representing approximately 75.8% of the total shares[10] - The company has no shares under lock-up that are set to be released in the current reporting period[12] - The number of shares with unlimited sale conditions held by the top ten shareholders is 10,418,463, which will be released on August 4, 2023[13] - The company’s registered capital increased from RMB 370.86 million to RMB 412.86 million following the IPO[14] - The company’s actual controller, Cai Huabo, has a sibling relationship with shareholder Cai Lijiang, and they have signed a concerted action agreement[11] - The company has not disclosed any related party transactions among the top shareholders[11] Investment and Development - The company plans to invest RMB 134.6 million in a new project for the design and development of small-capacity Flash memory chips, with a construction period of 36 months[14] - The company increased project investment by CNY 313.81 million, with CNY 286 million sourced from oversubscribed funds and CNY 27.81 million from its own funds[15] Expenses - The total operating cost for Q3 2022 was approximately ¥6.24 billion, a decrease of about 5.45% from ¥6.60 billion in the same period last year[19] - Research and development expenses increased to approximately ¥262.15 million, up 25.87% from ¥208.24 million in the previous year[19] - The company's financial expenses increased to approximately ¥21.20 million, compared to ¥10.70 million in the same period last year[19] - The company's tax expenses for Q3 2022 were approximately ¥19.24 million, a decrease of about 88.61% from ¥168.74 million in Q3 2021[19] - The company experienced a net loss from fair value changes of approximately ¥10.09 million, contrasting with a gain of ¥52.52 million in the same period last year[19]