人民财讯7月30日电，江波龙（301308）7月30日晚间公告，公司控股股东、实际控制人、董事长、总经 理蔡华波，实际控制人蔡丽江，董事王景阳自愿承诺自2025年8月5日首发前限售股份解除限售之日起12 个月内（即2025年8月5日至2026年8月4日），不以任何方式主动减持本人直接持有的公司股份。 ...

Core Viewpoint - The company, Jiangbolong, focuses on self-developed main control chips to meet high-end product demands, having launched three main control chips for eMMC, SD cards, and automotive-grade USB products, with cumulative applications exceeding 30 million units [1] Group 1 - The company has successfully completed the first batch of tape-out for UFS self-developed main control chips [1] - The main control chips offer significant performance and power consumption advantages compared to similar market products [1] - The company aims to maintain and expand its leading position in various storage markets based on its main control chip technology [1] Group 2 - A significant increase in the application scale of self-developed main control chips is expected in 2025 [1] - The company will continue long-term cooperation with third-party main control chip manufacturers to enhance its product portfolio [1] - The collaboration aims to provide a more diverse range of storage solutions by leveraging the technological advantages of independent main control chip manufacturers [1]

Group 1: Company Growth and Market Position - The company achieved a revenue of 319 million CNY in Q1 2025 for its enterprise-level storage products, representing a growth of over 200% year-on-year [3] - The company is one of the few A-share listed companies that publicly disclose specific performance metrics for enterprise-level storage products, showcasing its unique market position [3] - The company has established strong recognition among major clients across various industries, including large internet companies and telecom operators, indicating robust adaptability and reliability of its products [3] Group 2: TCM Model and Strategic Partnerships - The company has successfully established a TCM (Technology Contract Model) partnership with SanDisk, leveraging its leading capabilities in chip design and manufacturing [5] - The UFS 4.1 products, featuring the company's self-developed main control chip, demonstrate superior performance with sequential read/write speeds of 4350MB/s and 4200MB/s, and random read/write speeds of 630K IOPS and 750K IOPS [5] - The TCM model is expected to enhance revenue and profit by increasing visibility in supply and demand, thereby mitigating price volatility and creating sustained value [5] Group 3: Self-Developed Main Control Chip - The company has launched three main control chips for eMMC, SD cards, and automotive-grade USB products, with cumulative applications exceeding 30 million units [6] - The company anticipates significant growth in the application scale of its self-developed main control chips throughout 2025, maintaining its competitive edge in the storage market [7] - The company plans to continue collaborating with third-party main control chip manufacturers to diversify its product offerings and enhance storage solutions [7] Group 4: Market Trends and Price Outlook - The semiconductor storage market has shown signs of recovery since late March 2025, driven by inventory digestion and increased downstream demand [7] - Price trends for storage products are expected to rise in Q3 2025 due to production cuts announced by major storage wafer manufacturers and increased demand from server OEM customers and mobile storage capacity upgrades [7]

Core Viewpoint - Jiangbolong will face the unlocking of 300 million shares next week, with a market value of approximately 25.785 billion yuan, representing 251.99% of the pre-unlocking circulating market value [1] Group 1: Share Unlocking Details - The type of shares being unlocked is the original shareholders' restricted shares from the initial public offering, with the unlocking date set for August 5, 2025 [1] - Major shareholders involved in the unlocking include Cai Huabo (162 million shares), Li Zhixiong (23.1 million shares), and several investment partnerships with varying amounts [1] Group 2: Company Overview - Jiangbolong is a leading global semiconductor storage brand established in 1999, located in the Qianhai Shenzhen-Hong Kong Cooperation Zone [2] - The company integrates R&D design, packaging testing, production manufacturing, and sales services, providing high-end, flexible, and efficient customized storage solutions [2] - Jiangbolong's product lines include embedded storage, solid-state drives, mobile storage, and memory bars, widely used in consumer electronics, data centers, automotive electronics, IoT, and personal retail markets [2] Group 3: Market Position and Strategy - Jiangbolong has established R&D bases, packaging testing bases, and manufacturing operation centers in regions such as the Guangdong-Hong Kong-Macao Greater Bay Area and the Yangtze River Delta, forming a dual-circulation supply chain system [2] - The company aims to support global industrial partners' innovative development through its storage solutions [2]

Key Insights - The report highlights the optimistic growth trajectory of the semiconductor industry in 2025, driven by AI demand and ongoing domestic substitution efforts [4][27] - The report emphasizes the increasing interest in convertible bonds on the Beijing Stock Exchange, suggesting they may become a key tool for strategic investments amid a supportive policy environment for mergers and acquisitions [3] - The lithium carbonate market has experienced significant price fluctuations due to supply contraction expectations and regulatory actions against illegal mining, indicating a shift in market dynamics [5][7] Semiconductor Industry - In June, the overall chip delivery times increased, with certain categories experiencing extended lead times, while the spot market remained stable [4][23] - Storage prices, particularly for LPDDR4X, saw substantial increases due to delays in packaging substrate deliveries and tight resource supply [4][23] - The forecast for Q3 2025 indicates a continued rise in delivery times and significant price increases for DRAM and NAND Flash products, driven by strong enterprise demand and AI investments [24][27] Lithium Market - The main lithium contract saw an 18.3% increase in the week of July 25, reaching 80,520 RMB/ton, marking a 37.9% rise from the June low [5][7] - Regulatory actions in July aimed at addressing illegal mining practices have intensified supply contraction expectations, contributing to price volatility [5][7] Investment Opportunities - The report suggests focusing on companies in the semiconductor storage sector, particularly those benefiting from price increases and domestic substitution trends [26][27] - It also recommends monitoring firms involved in the nuclear fusion sector, as the establishment of China Fusion Energy Co. is expected to accelerate investment and technological advancements in this area [7] Fund Holdings in Pharmaceuticals - As of Q2 2025, the active pharmaceutical fund size reached 191.6 billion RMB, reflecting a 3.5 billion RMB increase from Q1, while passive funds hit a record high of 143.4 billion RMB [16][29] - The report notes a shift in fund holdings, with a significant portion allocated to innovative drugs and traditional pharmaceuticals, indicating a strategic focus on growth areas within the sector [29][30]

Core Insights - Tongyuan Investment conducted a survey on Jiangbolong, revealing significant revenue growth in the enterprise storage business, with over 600% growth in 2024 and over 200% growth in Q1 2025 [1] - The company is actively promoting the TCM model and has established partnerships with multiple Tier 1 clients, enhancing visibility in supply and demand, and improving profitability [1] - Jiangbolong has strong capabilities in 'eSSD+RDIMM' product design and supply, with recognition from various well-known clients across multiple industries [1] - The company’s self-developed main control chip shows superior performance, with UFS4.1 products outperforming mainstream market products, and a significant increase in shipment scale expected for 2025 [1] - Jiangbolong has established a comprehensive semiconductor storage R&D system, obtaining multiple patents and technology licensing agreements [1] - Market prices for storage products are rising, with expectations of continued upward momentum in Q3 for server and mobile storage products [1] - The company collaborates deeply with wafer foundries and end-market applications, acting as a crucial bridge between upstream and downstream, providing higher added value [1]

Promoting Steady Development 01 | Corporate Governance | 14 | | --- | --- | | Sustainable Development | 16 | | Management | | | Compliance and Sound Operations | 19 | 02 Driving Excellent Quality Table of Contents | About this Report | | 03 | | --- | --- | --- | | About | Longsys | 04 | | 2024 | Key Performance | 08 | | 2024 | Milestones | 09 | | Longsys | Honors | 11 | | Message | from the | 12 | | Chairman | | | | Crafting Exceptional Quality | 24 | | --- | --- | | High-Quality Customer Service | 29 | 03 ...

Group 1: Company Growth and Revenue - The company's revenue in the enterprise storage sector is expected to grow over 600% in 2024, with a further increase of over 200% in Q1 2025 [3] - The company has launched enterprise-level storage products such as eSSD, DDR4 RDIMM, and DDR5 RDIMM, which have received certifications from various sectors [3] - The company has established a partnership with SanDisk to offer customized high-quality UFS products for the mobile and IoT markets [3] Group 2: Competitive Advantages - The company is one of the few in China capable of designing and supplying "eSSD + RDIMM" products, showcasing its comprehensive strength in technology and market capabilities [4] - The enterprise storage products have strong adaptability and reliability, meeting high-performance and customization needs across various industries [4] - The company has developed its own main control chips, which outperform market competitors in terms of performance and power consumption [4] Group 3: Market Trends and Pricing - The semiconductor storage market is expected to recover gradually starting from Q2 2025, with price increases anticipated due to inventory digestion and rising demand [6] - The company expects storage product prices to maintain upward momentum in Q3 2025, driven by OEM customer demand and storage capacity increases in mobile devices [6] Group 4: Technology and Intellectual Property - The company has a robust semiconductor storage R&D system, with 570 patents and 138 software copyrights as of December 31, 2024 [5] - The company has established patent licensing agreements with various wafer manufacturers and leading independent storage companies [5] Group 5: Strategic Partnerships - The company aims to serve as a crucial link between upstream wafer manufacturers and end-user markets, enhancing its position in the storage ecosystem [7] - Long-term collaborations with industry leaders, such as SanDisk, reflect the company's technical strength and market positioning [7]

证券代码：301308 证券简称：江波龙 公告编号：2025-048 深圳市江波龙电子股份有限公司 关于公司股东股份减持计划实施完毕的公告 本公司股东国家集成电路产业投资基金股份有限公司保证向本公司提供的信息 内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 深圳市江波龙电子股份有限公司（以下简称"公司"）于 2025 年 4 月 30 日披 露了《关于持股 5%以上股东减持股份预披露公告》（公告编号：2025-035）。公 司股东国家集成电路产业投资基金股份有限公司（以下简称"国家集成电路产业 基金"）因自身经营管理所需，计划在 2025 年 5 月 27 日至 2025 年 8 月 26 日期 间通过证券交易所以集中竞价交易方式减持公司股份不超过 4,159,815 股（占当 时公司总股本比例 1.00%）。 公司于 2025 年 5 月 26 日完成 2023 年限制性股票激励计划首次授予部分第 二个归属期及预留授予部分第一个归属期股份归属，公司股本总额由 415,981,564 股增加至 419,145,267 股，导致国家 ...

Group 1 - The core index of the CSI 500 Electronic Terminal and Components Index is reported at 17798.16 points, with a monthly increase of 2.81%, a three-month increase of 11.11%, and a year-to-date increase of 6.37% [1] - The CSI 500 index is categorized into 11 primary industries, 35 secondary industries, and over 90 tertiary industries, providing a comprehensive analysis tool for investors [1] - The top ten holdings in the CSI 500 Electronic Terminal and Components Index include China Great Wall (13.89%), Newland (10.92%), and XW Communication (10.6%) [1] Group 2 - The CSI 500 Electronic Terminal and Components Index is composed entirely of the Information Technology sector, with a sample adjustment occurring biannually [2] - The weight factors of the index are adjusted in accordance with the sample adjustments, which take place on the second Friday of June and December [2] - In cases of special events affecting sample companies, such as mergers or delistings, the index will undergo corresponding adjustments [2]