（文章来源：每日经济新闻） 每经AI快讯，1月14日，存储器指数强势拉升，成分股表现亮眼，佰维存储涨停，江波龙上涨4.81%， 德明利上涨3.97%，北京君正上涨3.42%，恒烁股份上涨3.38%。 ...

Market Overview - Major indices showed declines: Shanghai Composite Index (-0.64%), Shenzhen Component Index (-1.37%), ChiNext Index (-1.96%), North Star 50 (-2.50%), and Sci-Tech Innovation 50 (-2.80%) [1] - TMT sector led the gains with SW Portal (+6.79%), SW Marketing Agency (+2.49%), and SW Gaming III (+0.40%) [1] - TMT sector faced losses with SW Military Electronics III (-5.41%), SW Communication Terminals and Accessories (-5.34%), and SW Communication Cables and Accessories (-5.20%) [1] Domestic News - XREAL announced a strategic partnership with ASUS ROG to launch the ROG XREAL R1 AR glasses, featuring micro OLED technology with a resolution of 1920 x 1080 and a virtual screen equivalent to 171 inches at 4 meters [2] - Jiangbolong reported that its self-developed UFS4.1 product outperforms market counterparts in process, read/write speed, and stability, gaining recognition from major clients [2] - Yongxi Electronics plans to invest 2.1 billion yuan in a packaging base in Malaysia, focusing on system-level packaging products for AIoT and power modules [2] - Sanan Optoelectronics disclosed that its SiC MOSFET products have begun bulk supply to leading global power manufacturers, targeting data centers and AI servers [2] Overseas News - SK Hynix is investing in its advanced packaging plant P&T7 to meet global AI storage demand, with the plant expected to play a crucial role in commercializing DRAM as HBM [3] - A collaboration between the University of Cambridge and a German research team has led to the successful development of stable and high-performance cubic InGaN materials for red Micro-LED devices [3] - Counterpoint Research forecasts a 2% year-on-year growth in global smartphone shipments in 2025, driven by high-end demand and emerging market growth, with Apple leading the market at a 20% share [3] - The Indian Space Research Organization (ISRO) faced a setback with the PSLV-C62 rocket losing all 16 satellites during its third phase of flight [3] AI News - Apple and Google have announced a multi-year partnership to develop the next generation of Apple Foundation Models based on Google's Gemini model and cloud technology [4] - Zhipu AI and Didi Chuxing have formed a strategic partnership focusing on the development of intelligent agents for transportation scenarios [4] - Tencent Research Institute and Midjourney have launched the Niji v7 anime-specific model, enhancing details and stability for anime-style creations [4] - Nvidia and Eli Lilly are investing $1 billion to establish an AI lab aimed at accelerating drug discovery and personalized treatment [4] Industry Tracking - The FCC has approved SpaceX to launch an additional 7,500 second-generation Starlink satellites, bringing the total approved to 15,000 [5] - The Eighth Research Institute of China Shipbuilding Group has developed a low-vibration helium re-liquefaction system for high-precision instruments [5] - The National Medical Products Administration of China plans to establish standards for medical devices using brain-computer interface technology [5] - LimX Dynamics has released a new embodied intelligent system that allows for dynamic task adjustments during operation [5] Storage Market - The average price of DDR5 16G (2G×8) 4800/5600 DRAM is reported at $33.563, with a 3.27% increase [6] - The average price of DDR4 16Gb (2G×8) 3200 DRAM is reported at $73.500, with a 2.80% increase [6] Semiconductor Material Prices - The average price for 4N zinc oxide powder is reported at 1,465 yuan/kg, with a daily change of 20 yuan [7] - The average price for 5N high-purity zinc is reported at 6,300 yuan/kg, with no daily change [7]

1 月 12 日，江波龙（301308.SZ）在投资者关系活动中披露核心业务进展，公司 mSSD 产品凭借创新封装技术构建成本优势，UFS4.1 产品获头部客户认 可加速导入，同时看好 AI 驱动下存储行业上行周期的持续性。 1 月 12 日，江波龙（301308.SZ）在投资者关系活动中披露核心业务进展，公司 mSSD 产品凭借创新封装技术构建成本优势，UFS4.1 产品获头部客户认 可加速导入，同时看好 AI 驱动下存储行业上行周期的持续性。 公司 mSSD 产品采用 Wafer 级系统级封装（SiP）技术，将主控、NAND、PMIC 等核心元件一次性整合进单一封装体，彻底省去 PCB 贴片、回流焊等多 道 SMT 环节及跨厂转运流程。这一创新使产品交付效率提升 1 倍以上，综合附加成本下降超 10%，同时将原本 PCBA SSD 近千个焊点缩减至零，故障率 （DPPM）从≤1000 降至≤100，质量等级跃升至芯片封装级别。 公司 mSSD 产品采用 Wafer 级系统级封装（SiP）技术，将主控、NAND、PMIC 等核心元件一次性整合进单一封装体，彻底省去 PCB 贴片、回流焊等多 道 SMT 环节 ...

证券代码：301308 证券简称：江波龙 公告编号：2026-002 深圳市江波龙电子股份有限公司 关于为子公司提供担保的进展公告 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。 特别风险提示： 深圳市江波龙电子股份有限公司（以下简称"公司"）提供的担保总额超过 公司最近一期经审计净资产的 100%，其中对资产负债率超过 70%的单位的担保 总额超过公司最近一期经审计净资产 50%，前述担保全部为公司对合并报表范围 内子公司的担保，敬请投资者充分关注担保风险。 一、担保情况概述 公司于 2025 年 3 月 19 日、2025 年 4 月 11 日分别召开了第三届董事会第八 次会议、第三届监事会第八次会议以及 2024 年年度股东大会，会议审议通过了 《关于公司 2025 年度担保额度预计的议案》。 为了满足公司 2025 年度日常经营及业务发展所需，自 2024 年年度股东大会 审议通过之日起至 2025 年年度股东会召开之日止，公司拟为子公司向银行等金 融机构申请综合授信或其他日常经营所需，提供总额不超过人民币 110 亿元（或 等值外币）的担保额度。 其 ...

Investment Strategy - The report emphasizes focusing on FAB and storage manufacturers that are expanding production and the recovery cycle of analog chips [3] - Longxin plans to raise 29.5 billion yuan, while SMIC Southern will receive a total cash contribution of 7.778 billion USD from shareholders [3] - Recommended companies include SMIC, Hua Hong Semiconductor, Zhongwei Company, and others [3] Market Trends - Microchip CEO noted a broad recovery in multiple end markets, with initial orders for the new quarter significantly better than the same period last year [3] - The storage demand is driven by AI, with prices still in an upward cycle; TrendForce predicts a 55-60% increase in general DRAM contract prices for Q1 2026 [3][30] Company Performance - The semiconductor index rose by 4.47% in December 2025, underperforming the electronics sector by 0.69 percentage points but outperforming the CSI 300 index by 2.19 percentage points [8] - Notable stock performances included Micron Technology (+20.74%) and Microchip Technology (+18.92%) [10] Semiconductor Sales Data - Global semiconductor sales reached 75.28 billion USD in November 2025, marking a year-on-year increase of 29.8% [26] - China’s semiconductor sales accounted for 26.9% of the global total, with a year-on-year growth of 15% [36] Price Trends in Storage - DRAM and NAND Flash contract prices increased in November, with DRAM prices rising from 7.00 USD to 8.10 USD and NAND Flash prices from 5.19 USD to 4.35 USD [30] - Predictions indicate a 55-60% increase in general DRAM contract prices and a 33-38% increase in NAND Flash prices for Q1 2026 [30][32]

（记者 王晓波） 每经头条（nbdtoutiao）——年产量是传统大田120倍以上，1个人管理1栋楼！实探中国"植物工厂"：水 稻生产期从120天减到60天，没有虫害不用打农药 每经AI快讯，江波龙发布公告称，2026年1月8日，江波龙接受博时基金等投资者调研，公司投资者关 系经理黄琦、投资者关系资深主管苏阳春参与接待，并回答了投资者提出的问题。 ...

Core Viewpoint - Jiangbolong's UFS4.1 is positioned as a high-end consumer storage product, preferred by Tier 1 clients for flagship smart terminal models, indicating significant market potential [1] Group 1: Product Development - UFS4.1 is currently developed by only a few companies at the chip level, showcasing a competitive edge in the market [1] - The company’s self-developed UFS4.1 product outperforms comparable market products in terms of process, read/write speed, and stability [1] Group 2: Market Recognition - The UFS4.1 product has received recognition from major storage manufacturers like SanDisk and several Tier 1 clients, indicating strong market acceptance [1] - The product introduction process is accelerating, suggesting a positive outlook for market penetration [1]

Group 1: Product Innovations - The mSSD product utilizes Wafer-level System-in-Package (SiP) technology, integrating multiple components into a single package, which significantly reduces manufacturing costs by eliminating several SMT processes [3] - mSSD offers a compact design that meets low power consumption requirements while maintaining performance levels comparable to traditional SSDs, indicating a broad market potential [3] - The UFS4.1 product is positioned as a high-end storage solution for Tier 1 customers, with limited global competition in chip-level development, enhancing its market prospects [3] Group 2: Market Trends and Demand - The current storage upcycle is expected to be driven by increased demand for SSDs from cloud service providers due to AI technology applications and a shortage of HDD supply [3] - The transition from HDD to SSD by cloud service providers is anticipated to significantly boost NAND Flash demand, although capacity expansion may lag behind this demand [3] - Future capital expenditure increases from manufacturers may have limited impact on output growth in 2026 due to the inherent delays in capacity construction [3] Group 3: Investor Relations Activity - The investor relations activity took place on January 8, 2026, with participation from several investment firms, indicating strong interest in the company's developments [2] - The meeting was led by the Investor Relations Manager and a Senior Supervisor, highlighting the company's commitment to transparent communication with investors [2] - No undisclosed significant information was involved in this activity, ensuring compliance with disclosure regulations [3]

Investment Rating - The report maintains a "Positive" investment rating for the electronic industry, specifically focusing on NAND and SSD sectors driven by AI demand [6]. Core Insights - AI applications are expected to drive a rapid increase in SSD usage, leading to a prolonged boom cycle for both SSD and NAND markets [3][10]. - The global data volume is projected to grow significantly, with active data becoming a larger portion due to AI model applications [19][31]. - The demand for SSDs is anticipated to rise sharply as they meet the high throughput requirements for active data in data centers, surpassing traditional HDDs [10][34]. Summary by Sections 1. AI - The application of AI models is expected to significantly increase the proportion of active data, transforming previously dormant data into frequently accessed data [21][22]. - By 2030, it is estimated that 100% of hot data will be stored on SSDs, reflecting a shift in data storage paradigms [22]. 2. SSD - SSDs are favored for their high read/write speeds and ability to handle high workloads, making them suitable for active data storage in data centers [34][40]. - The power efficiency of SSDs is a significant advantage, especially as data center power demands increase [48][51]. - AI training and inference are driving the development of AI SSDs, which require high performance, large capacity, and energy efficiency [54][56]. 3. NAND - The NAND market is expected to experience a prolonged period of supply-demand imbalance, with limited capital expenditure from leading manufacturers [10][11]. - The concentration of the global NAND market is high, with major players like Samsung, Micron, and SK Hynix focusing on high-bandwidth memory (HBM) rather than expanding NAND production [10][11]. 4. Enterprise SSD - The report highlights several key companies in the semiconductor and storage sectors that are well-positioned to benefit from the ongoing trends, including domestic semiconductor equipment manufacturers and storage module companies [3][13].

Core Viewpoint - Jiangbolong (301308) demonstrates strong market competitiveness in products used for robots and AI glasses, although these new form smart terminal businesses are still in early development stages and contribute minimally to actual performance [1] Group 1: Product Applications - The company's products are widely applied in various new form smart terminals, including robots and AI glasses, indicating a strong market presence [1] - The contribution of the robot and AI glasses business to the company's actual performance remains low due to its early development stage [1] Group 2: Enterprise Storage Products - The company's enterprise-level storage products have been integrated into the supply chain systems of leading internet companies [1] - The customer base includes operators, internet companies, and server manufacturers, showcasing a diverse clientele [1]