深圳市江波龙电子股份有限公司 投资者关系活动记录表 编号：2024-012 | --- | --- | --- | |-------------------------|---------------------------------------------------------------|---------------------------| | | □ 特定对象调研 □ | □ 媒体采访 | | 投资者关系活动 | □ 业绩说明会 □ | □ 路演活动 | | 类别 | □ 现场参观 | □ 其他 | | 参与单位名称及 人员姓名 | 富国基金、长江养老、华创证券、国盛证券 | | | 时间 | 2024 年 8 月 29 日 2024 年 8 月 30 日 | 09:30~10:30 15:00~16:00 | | 地点 | 电话会议 | | | 上市公司接待人 员姓名 | 副总经理、董事会秘书 投资者关系经理 黄琦 投资者关系资深主管 | | | --- | --- | |----------------|-------------------------------------------- ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected relative return of over 20% within the next six months [3][10]. Core Insights - The company reported a significant increase in revenue for the first half of 2024, achieving 9.039 billion yuan, a year-on-year growth of 143.83%. The net profit attributable to the parent company reached 594 million yuan, up 199.64% year-on-year [1]. - The growth is attributed to several factors, including a recovery in the global semiconductor storage market, effective self-research strategies, successful mergers and acquisitions, and increased R&D investments [1]. - The enterprise storage business saw a remarkable increase, with revenue exceeding 2000% year-on-year, driven by the popularity of Lexar products and the introduction of new high-speed eSSD products [1][2]. Financial Performance Summary - The company achieved a revenue of 9.039 billion yuan in H1 2024, with a net profit of 594 million yuan, marking a significant increase from the previous year [1]. - R&D expenses reached 475 million yuan in H1 2024, reflecting a year-on-year increase of 92.51% [1]. - The company’s total assets were reported at 10.215 billion yuan for 2024E, with a projected revenue of 15.005 billion yuan for the same year [5][6]. Market Position and Strategy - The company has successfully integrated its acquisitions, such as Zilia in Brazil, enhancing its global supply chain and market presence [2]. - The introduction of new memory products like LPCAMM 2 aims to enhance performance and energy efficiency, catering to the growing demand in consumer electronics [2]. - The company has established a strong patent portfolio with 560 patents, including 221 invention patents, which supports its competitive edge in the market [1]. Future Outlook - The report projects a continued upward trend in the semiconductor storage industry, with expected net profits of 1.052 billion yuan in 2024 and 1.152 billion yuan in 2025 [4][5]. - The company is well-positioned to capitalize on the recovery of the smartphone and personal computer storage markets, with a forecasted revenue growth rate of 48.20% for 2024 [4].

Investment Rating - The report maintains a "Buy" rating for the company, with an expected profit increase for the next six months [3][10]. Core Insights - The company reported a significant increase in revenue and net profit for the first half of 2024, with revenue reaching 9.039 billion yuan, a year-on-year growth of 143.83%, and net profit attributable to the parent company at 594 million yuan, up 199.64% [1]. - The growth is attributed to several factors, including a recovery in the semiconductor storage market, successful self-research strategies, effective mergers and acquisitions, and increased R&D investment [1]. - The company has successfully integrated its acquisitions in Brazil, contributing positively to its global supply chain and revenue [1]. - The enterprise storage business saw a remarkable increase, with revenue exceeding 2000% year-on-year, driven by the popularity of its Lexar brand and innovative product offerings [1][2]. Financial Performance Summary - The company achieved a revenue of 9.039 billion yuan in H1 2024, with a net profit of 594 million yuan, marking a significant increase from the previous year [1]. - The report forecasts a continued upward trend in revenue, projecting 15.005 billion yuan for 2024 and 19.012 billion yuan for 2025, with respective growth rates of 48.20% and 26.70% [4]. - The EBITDA for 2024 is estimated at 1.480 billion yuan, indicating a strong recovery from previous losses [4]. Product and Market Development - The company has launched new memory products, such as LPCAMM 2, enhancing performance and energy efficiency for consumer storage applications [2]. - The automotive-grade products have successfully passed mass production validation, establishing a solid foundation in the automotive smart storage sector [2]. - The Lexar brand has seen a 70.55% increase in sales revenue in H1 2024, reaching 1.63 billion yuan, with significant market presence in various countries [1][2]. Research and Development - The company has increased its R&D investment, with expenses reaching 475 million yuan in H1 2024, a year-on-year growth of 92.51% [1]. - The company holds a leading position in patent technology, with a total of 560 patents, including 221 invention patents [1].

公司近一年市场表现 | --- | --- | |------------------------------------------|---------------| | 市场数据： 2024 年 8 月 \n收盘价（元）： | 28 日 \n70.02 | | 年内最高/最低（元）： | 109.88/65.52 | | 流通A股/总股本（亿）： | 1.16/4.16 | | 流通 A 股市值（亿）： | 81.12 | | 总市值（亿）： | 291.27 | | 基础数据： 2024 年 6 月 | 30 日 | | 基本每股收益(元)： | 1.44 | | 摊薄每股收益(元 )： | 1.44 | | 每股净资产(元 )： | 17.33 | | 净资产收益率 (%) ： | 8.22 | | 资料来源：最闻 | | 高宇洋 执业登记编码：S0760523050002 邮箱：gaoyuyang@sxzq.com 张天 执业登记编码：S0760523120001 邮箱：zhangtian@sxzq.com 通用计算机设备 江波龙（301308.SZ） 买入-B(首次) 公司业绩大幅增长，第二增长曲 ...

江波龙（301308.SZ） 增持（维持评级） 财务指标 2022A 2023A 2024E 2025E 2026E 营业收入（百万元） 8,330 10,125 18,002 26,374 33,381 增长率 yoy（%） -14.6 21.6 77.8 46.5 26.6 归母净利润（百万元） 73 -828 1,096 2,096 3,080 增长率 yoy（%） -92.8 -1237.1 232.3 91.3 47.0 ROE（%） 1.1 -13.0 14.6 21.8 24.3 EPS 最新摊薄（元） 0.18 -1.99 2.63 5.04 7.40 P/E（倍） 400.5 -35.2 26.6 13.9 9.5 P/B（倍） 4.4 4.8 4.1 3.2 2.4 资料来源：公司财报，长城证券产业金融研究院 股票信息 行业 电子 24H1 营收同比增长 1.4 倍，企业级存储引领成长新引擎 受益存储行业上行周期，Q2季度营收同比+1.1 倍，净利率同比+18.74pct。 24H1 营收 90.39 亿元，同比+1.4 倍，归母净利润 5.94 亿元，同比扭亏，扣 非净利润 5.39 亿 ...

深圳市江波龙电子股份有限公司 投资者关系活动记录表 | --- | --- | --- | --- | |-------------------------|-------------------------------------------------------------|--------------------------------------|----------------------------------------------------------------------------------------| | 投资者关系活动 \n类别 | □ 特定对象调研 \n√业绩说明会 \n□ 现场参观 □ | □ 分析师会议 \n □ 新闻发布会 | □ 媒体采访 \n □ 路演活动 \n其他（请文字说明其他活动内容） | | 参与单位名称及 人员姓名 | 参与公司 2024 | 年半年度业绩说明会的投资者 | | | 时间 | 2024 年 8 月 27 日 | （周二 ) 下午 | 15:00~16:30 | | 地点 | 全景路演（ | https://rs.p5w.net/html/ ...

Investment Rating - Maintain "Buy" rating for Jiangbolong (301308) [4][5] Core Views - Jiangbolong's 2024H1 revenue reached 9 04 billion yuan YoY +143 8% with a gross margin of 23 5% YoY +22 7pcts [4] - The company's self-developed controller chips have surpassed 10 million units in shipments [5] - Enterprise-grade storage business revenue surged over 2000% YoY to 291 million yuan in 2024H1 [5] - Jiangbolong is expanding from consumer-grade to enterprise-grade and automotive-grade storage products [5] Financial Performance - 2024H1 operating income: 9 039 million yuan YoY +143 8% [6] - 2024H1 net profit attributable to parent company: 594 million yuan [6] - 2024E operating income forecast: 14 657 million yuan YoY +44 8% [6] - 2024E net profit forecast: 1 584 million yuan [6] Market Position - Lexar brand ranked 2nd globally in memory card market share and 3rd in flash drive market share in 2021 [5] - Lexar SSD module shipments ranked 4th globally in 2021 [5] - Jiangbolong ranked 6th globally in eMMC＆UFS market share in 2022 [5] Product Development - Self-developed 32Gb MLC NAND chip successfully taped out in 2024 [5] - LS600/LS500 controller chips entered mass production in 2023 [5] - Automotive-grade UFS products positioned as forward-looking choice for automakers [5] Industry Trends - Global semiconductor storage market in upward cycle since 2023H2 [5] - NAND Flash price index increased 23-28% QoQ in 24Q1 and 15-20% in 24Q2 [5] - ADAS-related NAND Flash consumption expected to reach 4 15 billion GB globally by 2024 [5] Valuation - Current P/B ratio: 4 5 [2] - 2025E PE ratio: 30X [5] - 2026E PE ratio: 21X [5]

证券代码：301308 证券简称：江波龙 公告编号：2024-061 深圳市江波龙电子股份有限公司 第三届监事会第四次会议决议公告 本公司及监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。 一、监事会会议召开情况 深圳市江波龙电子股份有限公司（以下简称"公司"）第三届监事会第四次会 议于 2024 年 8 月 23 日在公司会议室以现场会议方式召开。会议通知及会议资料 已于 2024 年 8 月 13 日以适当方式送达各位监事。本次会议应出席监事 3 名，实 际出席并参与表决的监事 3 名。 会议由监事会主席高威先生主持，公司部分高级管理人员列席会议。会议召 开符合有关法律、法规、规章和《公司章程》的规定。出席会议的监事对各项议 案进行了认真审议并做出了如下决议： 二、监事会会议审议情况 （一）审议通过《关于公司<2024 年半年度报告>及其摘要的议案》 监事会认为，公司编制的《2024 年半年度报告》及其摘要符合法律、行政法 规、中国证监会和深圳证券交易所的规定，报告内容真实、准确、完整地反映了 公司的实际情况，不存在虚假记载、误导性陈述或者重大遗漏。 具体内容详见公 ...

证券代码：301308 证券简称：江波龙 公告编号：2024-067 深圳市江波龙电子股份有限公司 关于延长公司向不特定对象发行可转换公司债券 股东大会决议有效期及授权有效期的公告 根据公司2023年第二次临时股东大会审议通过的《关于公司向不特定对象发 行可转换公司债券方案的议案》《关于提请股东大会授权董事会办理本次向不特 定对象发行可转换公司债券相关事宜的议案》，公司本次发行股东大会决议有效 期及股东大会授权有效期为自公司2023年第二次临时股东大会审议通过之日起 十二个月。 鉴于本次发行股东大会决议有效期及相关授权有效期即将届满，为确保本次 发行后续工作持续、有效、顺利地推进，公司于2024年8月23日召开第三届董事 会第四次会议，审议通过了《关于延长公司向不特定对象发行可转换公司债券股 东大会决议有效期的议案》《关于提请股东大会延长授权董事会办理本次向不特 定对象发行可转换公司债券相关事宜有效期的议案》，拟将本次发行的股东大会 决议有效期及股东大会授权公司董事会及董事会授权人士全权办理本次发行相 关事宜的授权有效期自原有效期届满之日（即2024年9月14日）起延长十二个月， 并将上述议案提交公司股东大会 ...

证券代码：301308 证券简称：江波龙 公告编号：2024-069 深圳市江波龙电子股份有限公司 关于召开公司 2024 年第二次临时股东大会的通知 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。 深圳市江波龙电子股份有限公司（以下简称"公司"）于 2024 年 8 月 23 日召开第 三届董事会第四次会议，审议通过了《关于召开公司 2024 年第二次临时股东大会的 议案》，决定于 2024 年 9 月 11 日（星期三）14:30 召开公司 2024 年第二次临时股东 大会。本次股东大会采用现场投票与网络投票相结合的方式召开，现就召开公司 2024 年第二次临时股东大会的相关事项通知如下： 一、会议基本情况安排 (一) 股东大会届次 (二) 股东大会的召集人 本次股东大会的召集人为董事会。 (三) 会议召开的合法、合规性 董事会召开本次股东大会会议符合《中华人民共和国公司法》《中华人民共和国 证券法》《深圳证券交易所创业板股票上市规则》以及《上市公司股东大会规则》等 有关法律、法规、规则以及公司章程的规定。 (四) 会议召开的日期、时间 1.现场会议召开时 ...