证券代码：301308 证券简称：江波龙 公告编号：2025-043 深圳市江波龙电子股份有限公司 关于召开公司 2025 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 2025 年 6 月 11 日召开第 三届董事会第十次会议，审议通过了《关于召开公司 2025 年第二次临时股东大会的 议案》，决定于 2025 年 6 月 27 日（星期五）14:45 召开公司 2025 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 2025 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 本次股东大会为 2025 年第二次临时股东大会。 (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《上市公司股东会规则》等有 关法律、法规、规则以及公司章程的规定。 ...

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 深圳市江波龙电子股份有限公司（以下简称"公司"）第三届监事会第十次会 议于 2025 年 6 月 11 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 2025 年 6 月 6 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。 证券代码：301308 证券简称：江波龙 公告编号：2025-041 深圳市江波龙电子股份有限公司 第三届监事会第十次会议决议公告 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 （一）审议通过《关于公司新增 2025 年度日常关联交易预计的议案》 监事会认为，公司新增 2025 年度日常关联交易预计是基于公司日常经营及 业务发展的需要，交易价格由双方参照市场价格协商确定，不会对关联方形成依 赖，不会对公司独立性产生影响，不存在损害公司及全体股东尤其是中小股东利 益的 ...

深圳市江波龙电子股份有限公司 第三届董事会第十次会议决议公告 证券代码：301308 证券简称：江波龙 公告编号：2025-040 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。 一、董事会会议召开情况 深圳市江波龙电子股份有限公司（以下简称"公司"）第三届董事会第十次会 议于 2025 年 6 月 11 日在公司会议室以现场结合通讯的方式召开。会议通知及会 议资料已于 2025 年 6 月 6 日以适当方式送达各位董事。本次会议应出席董事 9 名，实际亲自出席董事 9 名。其中，蔡华波、李志雄、蔡靖、胡颖平、唐忠诚、 陈伟岳、黄志强、邓美珊通过通讯方式参加会议。 会议由董事长蔡华波先生主持，全体监事及部分高级管理人员列席。会议召 开符合有关法律、法规、规章和《公司章程》的规定。经各位董事认真审议，会 议形成了如下决议： 二、董事会会议审议情况 （一）审议通过《关于公司新增 2025 年度日常关联交易预计的议案》 公司新增 2025 年度日常关联交易预计金额，符合公司日常经营所需，交易 价格由双方参照市场价格协商确定，不存在损害公司利益的情形，不影响公司的 独 ...

Investment Rating - The report does not explicitly provide an investment rating for Longsys (301308.SZ) [1] Core Insights - Longsys is expanding into the enterprise market, driven by increasing demand for high-bandwidth and low-latency storage solutions, particularly due to rising AI capital expenditures in China and the growing adoption of edge devices [1][2] - The company is also developing in-house memory controller ICs and UFS chipsets, with expectations for shipment ramp-up in 2025 [1][4] Summary by Sections Company Overview - Longsys (301308.SZ) is a Chinese company specializing in NAND flash and DRAM module design, providing embedded memory, SSDs, memory cards, and DRAM modules to global markets, targeting consumer, automotive, and enterprise sectors [3] 2025 Outlook - Management anticipates growing demand for high-speed storage solutions from cloud service providers (CSPs) and upgrades in edge devices to support AI applications, which is expected to positively impact enterprise storage business growth [4] - Revenue growth slowed in the second half of 2024 and the first quarter of 2025 due to soft demand, but management expects enhanced AI capabilities to drive user adoption and revenue growth in 2025 [4] Enterprise Market Expansion - Longsys has initiated volume shipments of enterprise storage solutions, achieving a 666% year-over-year increase in enterprise storage revenues to RMB 922 million in 2024, representing approximately 5% of total revenues [8] - The company has developed various solutions for enterprise clients, including MRDIMM, PCIe eSSD, SATA ESSD, and DDR5 RDIMM, focusing on the demands of AI computing platforms [8] Memory Controller IC Development - Longsys is transitioning from memory modules to memory controller ICs through in-house development, having started shipments of three controller IC products with over 30 million units shipped [8] - The company is also developing in-house UFS chipsets with speeds of 4350 MB/s, with expectations for accelerated shipment ramp-up starting in 2025 [8]

Investment Rating - The industry rating is maintained at "Outperform" [7] Core Insights - The semiconductor industry is expected to continue its optimistic growth trajectory in 2025, driven by AI applications and domestic substitution efforts [5] - The release of AI glasses by major companies like ByteDance and Xiaomi is anticipated to catalyze growth in the related supply chain [2][13] - The storage sector is experiencing price increases across various products, with DDR4 and LPDDR4X leading the price surge [3][20] Summary by Sections AI Glasses - ByteDance is in the substantial development phase of its self-developed AI glasses, integrating its "Doubao" model for visual interaction and lightweight design, potentially using the Hengxuan main control chip [2][14] - Xiaomi is also expected to enter the AI smart glasses market, leveraging its existing expertise in smart eyewear [2][18] Storage Market Overview - The storage market has seen a price increase for DDR4 and LPDDR4X products, with DDR4 8G 2666Mbps prices rising over 50% [3][21] - Embedded storage prices have generally increased by 5-10%, driven by rising NAND resource prices [3][21] - The NAND Flash market is projected to see contract price increases of 3-8% in Q2 2025 and 5-10% in Q3 2025 [4][22] Market Trends and Predictions - The demand for AI infrastructure is expected to drive performance elasticity in enterprise storage products [4][5] - The semiconductor sector is witnessing a recovery in the industrial control market, indicating a positive trend for the analog segment [5] - The overall semiconductor market is projected to outperform major indices, with significant growth in the IC design sector [63][69]

Group 1 - The market experienced fluctuations on June 6, with mixed performance across the three major indices [1] - The Computer ETF (159998) saw a slight decline of 0.11% at the close, with a premium rate of 0.88% and a trading volume of nearly 100 million yuan [1] - The Computer ETF has attracted significant capital inflow, with over 54 million yuan net inflow on June 5, marking the first position among similar products [1] Group 2 - The Computer ETF tracks the CSI Computer Theme Index, which includes stocks from companies involved in information technology services, application software, system software, and computer hardware [1] - As of March 31, the top ten holdings of the ETF included leading companies such as Hikvision, Zhongke Shuguang, and Keda Xunfei, with Zhongke Shuguang accounting for 6.86% of the fund's net value [1] - According to a report from Shenwan Hongyuan Securities, the computer industry is currently at a historical low in terms of valuation and profitability, similar to the telecommunications sector before its 2019 rally [2] Group 3 - The computer industry's return on equity (ROE) has been in a downtrend since 2015, with a TTM ROE of 1.7% as of Q1 2025, reaching a historical low [2] - The PB ratio stands at 2.6, which is at the 40th percentile since 2010, indicating potential for recovery as trends in artificial intelligence and domestic innovation progress [2] - The outlook for the computer and media sectors suggests a potential rebound in ROE as AI penetration increases and content industries are restructured [2]

Core Viewpoint - Jiangbolong (301308) disclosed a correction announcement for its 2024 annual report, citing the high workload during the reporting period as the reason for not identifying minor errors in a timely manner [1][3] Group 1: Correction Details - The announcement includes five corrections, two of which pertain to unit description errors, while three involve the "weighted average return on equity" and its corresponding "year-on-year growth rate" [2][3] - Before correction, the weighted average return on equity was reported at 31.27% with a year-on-year growth of 44.28%. After correction, it was adjusted to 7.92% with a year-on-year growth of 20.93% [3] - Cash flow data was also corrected; initially, the net cash flow from investment activities was reported to have decreased by 33.67%, and the net increase in cash and cash equivalents was reported to have decreased by 73.70%. After correction, both figures showed an increase of 33.67% and 73.70%, respectively [3] Group 2: Company Overview and Financial Performance - Jiangbolong is a semiconductor storage brand with product lines including embedded storage, solid-state drives, mobile storage, and memory modules, and it owns the brands FORESEE and Lexar [4] - The company is planning a secondary listing in Hong Kong, with its application materials accepted by the China Securities Regulatory Commission in April 2024 [4] - For the year 2024, Jiangbolong reported a revenue of 17.464 billion yuan, a year-on-year increase of 72.48%, and a net profit of nearly 500 million yuan, reflecting a growth of over 160%. However, the net profit included 340 million yuan from non-operational financial activities, leading to a non-recurring net profit of only 167 million yuan, indicating ongoing pressure [4]

Core Viewpoint - Shenzhen Jiangbolong Electronics Co., Ltd. has issued a correction announcement regarding its 2024 annual report, clarifying that the corrections do not affect the financial statements or the company's financial condition and operating results for the year 2024 [1]. Financial Performance Summary - The company's operating revenue for 2024 was CNY 17,463,650,272.14, representing a 72.48% increase compared to CNY 10,125,111,900.80 in the previous year [2]. - The net profit attributable to shareholders of the listed company was CNY 498,684,535.69, a significant increase of 160.24% from a loss of CNY 827,809,358.07 in the previous year [2][3]. - The net cash flow from operating activities was -CNY 1,189,741,403.84, an improvement of 57.48% compared to -CNY 2,798,399,823.91 in the previous year [3][4]. - Total assets at the end of the year were CNY 16,896,667,412.13, up 23.52% from CNY 13,679,845,767.45 the previous year [3][4]. - The net assets attributable to shareholders of the listed company increased by 7.41% to CNY 6,467,489,442.63 from CNY 6,021,129,105.70 [3]. Cash Flow Analysis - The total cash inflow from operating activities was CNY 18,241,551,057.75, a 73.50% increase from CNY 10,513,590,561.80 in 2023 [4]. - The total cash outflow from operating activities was CNY 19,431,292,461.59, which is a 45.97% increase from CNY 13,311,990,385.71 in the previous year [4]. - Cash flow from investment activities showed a net outflow of -CNY 1,101,991,285.03, a decrease of 33.67% compared to -CNY 1,661,459,785.45 in the previous year [4]. Non-Recurring Gains and Losses - The company has indicated that it no longer exerts significant influence over its associate company, Shanghai Jiecai Chuang Co., Ltd., leading to a reclassification of its long-term equity investment as a non-current financial asset measured at fair value with changes recognized in profit or loss [3][4]. Management Discussion and Analysis - The company has acknowledged the need for improved proofreading processes in the preparation of periodic reports to enhance the quality of information disclosure [8].

Financial Performance - The company reported a revenue of RMB 1.5 billion for the fiscal year 2024, representing a year-over-year growth of 20%[13]. - The company expects a revenue guidance of RMB 1.8 billion for Q1 2024, reflecting a 10% increase compared to Q1 2023[13]. - The company reported a net profit of RMB 300 million for Q4 2023, a 25% increase compared to the same period last year[14]. - The company's revenue for 2024 reached ¥17,463,650,272.14, representing a 72.48% increase compared to ¥10,125,111,900.80 in 2023[20]. - The net profit attributable to shareholders for 2024 was ¥498,684,535.69, a significant turnaround from a loss of ¥827,809,358.07 in 2023, marking a 160.24% improvement[20]. - The basic earnings per share for 2024 increased to ¥1.20, compared to a loss of ¥2.01 per share in 2023, reflecting a 159.70% increase[20]. - The company achieved revenue of 17.464 billion yuan, representing a year-on-year increase of 72.48%[199]. - The company distributed cash dividends of 4.80 yuan per 10 shares, totaling 198.1748 million yuan, which accounted for 272.23% of the 2022 annual net profit attributable to shareholders[199]. - For the 2024 fiscal year, the company plans to distribute cash dividends of 2.5 yuan per 10 shares, totaling 103.9954 million yuan, which represents 20.85% of the 2024 annual net profit attributable to shareholders[200]. Research and Development - The company is investing RMB 200 million in R&D for advanced flash memory technologies in 2024[13]. - R&D expenses for 2024 amounted to 910 million yuan, representing a year-on-year increase of 53.34%[81]. - The company plans to increase R&D spending in key areas, focusing on memory and main control chip design, as well as high-end storage product development[165]. - The company is accelerating the development of high-performance eSSD products aimed at enterprise applications, including PCIe Gen 5.0, to expand its presence in cloud computing and telecommunications[166]. - The company has launched UFS 2.2 products and completed the development of UFS 3.1 and UFS 4.1 products, enhancing performance and reliability[55]. - The company has successfully developed five SLC NAND Flash storage chips ranging from 512Mb to 8Gb, with a DPPM of less than 100, ensuring high reliability[60]. - The company has established a strict quality control system for its ePoP, eMCP, and uMCP products, ensuring compliance with mass production standards[59]. - The company has expanded its design capabilities for small-capacity storage chips, successfully entering the integrated circuit design field and achieving mass production sales[101]. Market Expansion and Strategy - Market expansion plans include entering the Southeast Asian market, targeting a revenue contribution of 10% by the end of 2024[14]. - The company is focused on global expansion, leveraging its efficient supply chain and enhancing its brand influence in international markets[109]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of $500 million allocated for potential deals[194]. - The company plans to implement a new marketing strategy aimed at increasing brand awareness, with a budget allocation of RMB 50 million[13]. - The company aims to enhance its global manufacturing capabilities by strategically investing in its main factories in Suzhou, Zhongshan, and Brazil[167]. - The company is actively developing new products, including enterprise-level SSDs and various storage solutions, to enhance market competitiveness and expand into new markets[125]. Risks and Challenges - The company faces risks including high concentration of raw material suppliers, significant overseas procurement, and fluctuations in wafer prices[3]. - The management has highlighted potential risks and countermeasures in the section discussing future development prospects[3]. - The company is exposed to risks from price volatility of wafers, which can significantly impact gross margins due to the lag in cost adjustments[173]. - The company has a large inventory value of 7.833 billion yuan, accounting for 67.04% of current assets, which poses a risk of inventory impairment if market conditions worsen[178]. - The company is focused on optimizing its product structure and increasing investment in high-margin products to enhance profitability[176]. - The company is actively monitoring market trends and adjusting production plans to manage inventory risks effectively[178]. - The company experienced a foreign exchange loss of 61.29 million yuan in 2024, an increase from the 19.49 million yuan loss in 2023, indicating significant currency fluctuation risks[187]. Corporate Governance and Investor Relations - The company has implemented a value management system to enhance investor returns and improve transparency in profit distribution policies[197]. - The company is committed to deepening communication with investors and improving the quality of information disclosure[198]. - The company aims to maintain a stable and continuous profit distribution policy while balancing development and shareholder interests[200]. - The company plans to strengthen its governance structure to support high-quality development[198]. - The company is dedicated to sharing business results with shareholders and enhancing market confidence[200]. Product Development and Innovation - The company has successfully designed and taped out its first batch of self-developed UFS controller chips, with three models achieving over 30 million units in cumulative applications[79][80]. - The company’s PCIe and SATA SSDs have passed compatibility tests on major CPU platforms, catering to various applications including data centers[61]. - The company’s LPDDR products, including LPDDR4, LPDDR4X, and LPDDR5, have been widely commercialized and certified by major platforms[58]. - The company offers a comprehensive memory module product line, including DDR4 and DDR5 specifications, targeting both consumer and enterprise markets[64]. - The company has established a competitive advantage in the storage field by integrating core capabilities across various industry segments, including design, manufacturing, and testing[96]. Financial Management and Investments - The company reported a net cash flow from operating activities of -¥1,189,741,403.84 for 2024, an improvement of 57.48% from -¥2,798,399,823.91 in 2023[20]. - The total cash inflow from financing activities was 8,061,948,584.90 yuan, reflecting a 31.84% increase compared to the previous year[129]. - The company has ongoing significant non-equity investments, including ¥108,353,965.97 in the Jiangbolong Group Shanghai Headquarters project, which is 97.80% complete[143]. - The company has a total investment of RMB 150,000 million in committed investment projects, with a current utilization of RMB 166,284.63 million[154]. - The company plans to invest an additional RMB 31,381.47 million in new infrastructure, with RMB 28,600.00 million sourced from the raised funds and RMB 2,781.47 million from its own funds[155].

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 2025 年 3 月 21 日 在巨潮资讯网（http://www.cninfo.com.cn）披露了《深圳市江波龙电子股份有限 公司 2024 年年度报告》及《深圳市江波龙电子股份有限公司 2024 年年度报告摘 要》。因年报期间工作量大，涉及数据和信息较多，未能及时发现少数错误，现 将有关内容进行更正。本次更正不涉及对公司财务报表的调整，不会对公司 2024 年度财务状况和经营成果造成影响，具体内容如下： 一、"第二节 公司简介和主要财务指标"之"五、主要会计数 据和财务指标" 更正前： 公司是否需追溯调整或重述以前年度会计数据 □是 否 | | 2024 年 | 2023 年 | 本年比上年增 | 2022 年 | | --- | --- | --- | --- | --- | | | | | 减 | | | 营业收入（元） | 17,463,650,272.14 | 10,125,111,900.80 | 72.48% | 8,329,934,278.3 ...