安永华明会计师事务所（特殊普通合伙）（以下简称"我们"或"申报会计师"、"会计师"） 审计了深圳市江波龙电子股份有限公司（以下简称"江波龙"或"发行人"、 "公司"）2022 年 度、2023年度及 2024年度的财务报表，并分别于 2023年 3月 20日、2024年 4月 19日、 2025 年 3 月 19 日出具了编号为安永华明（2023）审字第 61350056_H01 号、安永华明 （2024）审字第 70028183_H01 号、安永华明（2025）审字第 70028183_H01 号的无保 留意见的审计报告。 关于对深圳市江波龙电子股份有限公司 申请向特定对象发行股票 审核问询函回复的专项说明 深圳证券交易所： 我们对 2022 年度、2023 年度和 2024 年度财务报表执行审计程序的目的，是对上述 财务报表是否在所有重大方面按照企业会计准则的规定编制，是否公允反映深圳市江波龙 电子股份有限公司 2022 年 12 月 31 日、2023 年 12 月 31 日及 2024 年 12 月 31 日的合并 及公司财务状况以及 2022 年度、2023 年度及 2024 年度的合并及公司经营成 ...

证券代码：301308 证券简称：江波龙 深圳市江波龙电子股份有限公司 与 中信建投证券股份有限公司 关于深圳市江波龙电子股份有限公司申请 向特定对象发行股票的审核问询函之回复 保荐人（主承销商） 二零二六年二月 深圳证券交易所： 贵所于 2026 年 1 月 27 日出具的《关于深圳市江波龙电子股份有限公司申请 向特定对象发行股票的审核问询函》（审核函〔2026〕020007 号）（以下简称"审 核问询函"）已收悉。深圳市江波龙电子股份有限公司（以下简称"江波龙"、"发 行人"、"公司"）会同中信建投证券股份有限公司（以下简称"中信建投证券"、 "保荐人"）、北京市中伦律师事务所（以下简称"律师"）、安永华明会计师事务 所（特殊普通合伙）（以下简称"会计师"）等相关方，本着勤勉尽责、诚实守信 的原则，就审核问询函所提问题逐项进行了认真讨论、核查和落实，现回复如下， 请予审核。 如无特别说明，本回复中的简称或名词释义与《深圳市江波龙电子股份有限 公司 2025 年度向特定对象发行 A 股股票募集说明书》（以下简称"《募集说明 书》"）中简称具有相同含义。 | 宋体 对审核问询函所列问题的回复 | | | -- ...

证券代码：301308 证券简称：江波龙 公告编号：2026-011 深圳市江波龙电子股份有限公司 及募集说明书等申请文件更新的提示性公告 关于公司 2025 年度向特定对象发行股票的审核问询函回复 公司本次向特定对象发行股票事项尚需通过深交所审核，并获得中国证券 监督管理委员会（以下简称"中国证监会"）同意注册的决定后方可实施，最终能 否通过深交所审核，以及是否获得中国证监会同意注册的决定及相关具体时间均 尚存在不确定性。公司将根据该事项的进展情况，按照有关规定和要求及时履行 信息披露义务，敬请广大投资者注意投资风险。 特此公告。 深圳市江波龙电子股份有限公司董事会 2026 年 2 月 11 日 深圳市江波龙电子股份有限公司（以下简称 "公司"）于 2026 年 1 月 27 日 收到深圳证券交易所（以下简称"深交所"）出具的《关于深圳市江波龙电子股份 有限公司申请向特定对象发行股票的审核问询函》（审核函〔2026〕020007 号） （以下简称"问询函"），深交所上市审核中心对公司提交的向特定对象发行股票 的申请文件进行了审核，并形成了审核问询问题。 公司在收到问询函后，会同中介机构对问询函所列问题进行 ...

中信建投证券股份有限公司 关于 深圳市江波龙电子股份有限公司 向特定对象发行股票 之 保荐人 二〇二六年二月 保荐人出具的上市保荐书 保荐人及保荐代表人声明 中信建投证券股份有限公司及本项目保荐代表人彭欢、俞鹏已根据《中华人 民共和国公司法》《中华人民共和国证券法》等法律法规和中国证监会及深圳证 券交易所的有关规定，诚实守信，勤勉尽责，严格按照依法制定的业务规则和行 业自律规范出具上市保荐书，并保证所出具文件真实、准确、完整。 3-3-1 | | | | 释 | 义 3 | | | --- | --- | --- | | 一、发行人基本情况 5 | | | | 二、发行人本次发行情况 16 | | | | 三、本次证券发行上市的保荐代表人、协办人及项目组其他成员情况、联系地 | | | | 址、电话和其他通讯方式 19 | | | | 四、关于保荐人是否存在可能影响公正履行保荐职责情形的说明 21 | | | | 五、保荐人按照有关规定应当承诺的事项 21 | | | | 六、保荐人关于发行人是否已就本次证券发行上市履行了《公司法》《证券法》 | | | | 和中国证监会及深圳证券交易所规定的决策程序的说明 ...

北京市中伦律师事务所 关于深圳市江波龙电子股份有限公司 2025 年度向特定对象发行股票的 补充法律意见书（一） $$\Xi\,{\cal O}\,{\underline{{{\longrightarrow}}}}\,\lambda\,\rlap{\backslash}\,\nexists\,{\underline{{{\cal E}}}}\,{\underline{{{\longrightarrow}}}}\,{\cal H}$$ | 《审核问询函》问题 | 1 4 | | --- | --- | | 《审核问询函》问题 | 2 14 | 北京市中伦律师事务所 关于深圳市江波龙电子股份有限公司 2025 年度向特定对象发行股票的 补充法律意见书（一） 致：深圳市江波龙电子股份有限公司 深圳市江波龙电子股份有限公司（以下简称"公司"或"发行人"）委托北 京市中伦律师事务所（以下简称"本所"）担任本次发行的专项法律顾问，本所 已于 2025 年 12 月出具了《北京市中伦律师事务所关于深圳市江波龙电子股份有 限公司 2025 年度向特定对象发行股票的法律意见书》（以下简称"《法律意见 书》"）和《北京市中伦律师 ...

| 交易日期 | 证券代码 | 证券简称 | 成交价格 (元) | 成交量 | 成交金额 (万元) | 买方营业部 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | (万股/万份) | | | | | 2026-02-11 | 301308 | 江波龙 | 278.46 | 1.30 | 362.00 | 中信证券股份有限 | 中国银河证券股份 | | | | | | | | 公司北京总部证券 | 有限公司北京学院 | | | | | | | | 营业部 | 南路证券营业部 | 2月11日，江波龙大宗交易成交1.3万股，成交额362万元，占当日总成交额的0.2%，成交价278.46元，较市场收盘价284.14元 折价2%。 ...

Core Viewpoint - The storage chip market is expected to be the main focus throughout 2025, with ongoing reports of shortages and price increases continuing into 2026, indicating a sustained upward trend in the industry [3]. Group 1: Wafer Manufacturing - TSMC reported that its customers are not affected by storage price increases, achieving a record revenue of NT$3.8 trillion in 2025, a 31.6% year-on-year increase, with a gross margin of 59.9% [9][10]. - SMIC achieved an unaudited revenue of $9.327 billion in 2025, a 16.2% increase year-on-year, with a net profit of $685 million, up 39.1% [12]. - Huahong Semiconductor reported a revenue of $635 million in Q3 2025, a 20.7% year-on-year increase, with a gross margin of 13.5% [13]. Group 2: Storage Manufacturers - Samsung Electronics achieved a record revenue of 333.6059 trillion KRW (approximately $233.8 billion) in 2025, a 10.9% increase year-on-year, with a net profit growth of 31.2% [18]. - SK Hynix reported a record revenue of 97.15 trillion KRW (approximately $681.6 billion) in 2025, a 47% increase year-on-year, with a net profit of 42.95 trillion KRW [20]. - Micron's revenue surged from $25.11 billion to $37.38 billion in the 2025 fiscal year, with a 56.6% year-on-year increase in Q1 2026 [22]. Group 3: Storage Modules - Jiangbolong expects a revenue of 22.5 billion to 23 billion CNY in 2025, a 29%-32% increase, with a net profit growth of 150.66% to 210.82% [38]. - Bawei Storage anticipates a revenue of 10 billion to 12 billion CNY, with a net profit increase of 427.19% to 520.22% [39]. - Demingli expects a revenue of 10.3 billion to 11.3 billion CNY, with a net profit growth of 85.42% to 128.21% [40]. Group 4: Chip Distributors - Wanye achieved a revenue of approximately NT$1.18 trillion in 2025, a 22.8% year-on-year increase, marking a record high [49]. - Dalian Dadi reported a revenue of NT$999.12 billion in 2025, a 13.4% increase, driven by AI and high-performance computing demand [51]. - Airo's annual sales reached $30.853 billion in 2025, a 10% increase year-on-year [53].

Group 1: Market Performance - As of February 10, 2026, the Shanghai Composite Index rose by 0.13% to close at 4128.37 points, while the Shenzhen Component Index increased by 0.02% to 14210.63 points. The ChiNext Index fell by 0.37% to 3320.54 points [1] - In the overnight U.S. market, the Dow Jones Industrial Average increased by 0.10%, while the Nasdaq Composite Index decreased by 0.59% and the S&P 500 Index fell by 0.33%. The Philadelphia Semiconductor Index dropped by 0.68% [1] Group 2: Company News - Semiconductor manufacturer SMIC (688981.SH) reported a revenue of 17.813 billion yuan for Q4 2025, representing a year-on-year growth of 11.9%. The net profit attributable to shareholders was 1.223 billion yuan, up 23.2% year-on-year. However, total profit decreased compared to the previous year due to rising financial costs and declining investment income [2] - Jiangbolong (301308) indicated during an institutional survey that only a few companies globally can develop UFS4.1 products at the chip level. Their self-developed UFS4.1 products outperform comparable market products in terms of process, read/write speed, and stability. UFS4.1 is a high-end consumer storage product and is the preferred storage configuration for Tier 1 flagship smart terminal models, indicating a broad market potential [2] Group 3: Industry Insights - Donghai Securities projected that the combined capital expenditure of the four major U.S. CSPs will exceed 670 billion dollars in 2026, marking a significant year-on-year increase of over 60%. The demand for computing power is expected to experience explosive growth driven by the ongoing penetration of AI into end-user applications and the evolution of AIAgent technology [3] - The Sci-Tech Innovation Semiconductor ETF (588170) tracks the Shanghai Stock Exchange's semiconductor materials and equipment theme index, focusing on hard-tech companies in semiconductor equipment (60%) and materials (25%). The semiconductor equipment and materials industry is crucial for domestic substitution, benefiting from the AI revolution and advancements in lithography technology [3]

Core Viewpoint - Jiangbolong's stock price has experienced fluctuations, with a recent decline of 2.09% and a year-to-date increase of 15.32% [1] Group 1: Stock Performance - As of February 11, Jiangbolong's stock price was 282.35 CNY per share, with a market capitalization of 118.346 billion CNY [1] - The stock has seen a net outflow of 69.2003 million CNY in principal funds, with significant buying and selling activity from large orders [1] - Over the past five trading days, the stock has decreased by 6.51%, while it has seen a slight decline of 0.84% over the past 20 days and 1.87% over the past 60 days [1] Group 2: Financial Performance - For the period from January to September 2025, Jiangbolong reported a revenue of 16.734 billion CNY, representing a year-on-year growth of 26.12% [2] - The net profit attributable to shareholders for the same period was 713 million CNY, reflecting a year-on-year increase of 27.95% [2] Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders increased by 25.06% to 43,800, while the average circulating shares per person decreased by 20.04% to 6,260 shares [2] - The company has distributed a total of 302 million CNY in dividends since its A-share listing, with 104 million CNY distributed over the past three years [3] - Hong Kong Central Clearing Limited is the eighth largest circulating shareholder, increasing its holdings by 4.8541 million shares to 6.1139 million shares [3]

Core Viewpoint - The company is advancing in the development of UFS4.1 products, which are positioned as high-end storage solutions for flagship smart devices, indicating a strong market potential [1] Group 1: Product Development - The company, along with a few global enterprises, possesses the capability to develop UFS4.1 products at the chip level [1] - The UFS4.1 products developed by the company, featuring its self-developed main control, outperform comparable market products in terms of process, read/write speed, and stability [1] Group 2: Market Position and Partnerships - UFS4.1 is recognized as the preferred storage configuration for Tier 1 major clients' flagship smart terminal models, highlighting its broad market space [1] - The company has established deep cooperative relationships with several wafer foundries and leading smart terminal device manufacturers, indicating a strong position in the supply chain [1] - Flagship storage products represented by UFS4.1 are on the verge of mass shipment, suggesting imminent revenue generation [1]