证券代码：301308 证券简称：江波龙 公告编号：2024-070 深圳市江波龙电子股份有限公司 关于公司控股子公司为其子公司提供担保的公告 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。 一、担保情况概述 深圳市江波龙电子股份有限公司（以下简称"公司"）子公司 Zilia Technologies Indústria de Componentes Semicondutores Ltda.（以下简称"Zilia Semicondutores"） 因业务发展的需要，拟向银行申请不超过 1,500 万美元（或等值外币）的 Stand- by Letter of Credit，用于支持其向供应商采购日常经营相关的商品及服务事宜。 公司控股子公司 Zilia Technologies Indústria e Comércio de Componentes Eletrônicos Ltda.（以下简称"Zilia Eletrônicos"）拟为上述事项提供最高额保证担保。 根据《深圳证券交易所上市公司自律监管指引第 2 号——创业板上市公司 规范运作》《深圳证券交易所 ...

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].

Investment Rating - The report assigns a "Buy-B" rating for Jiangbolong (301308.SZ) based on its strong performance and growth potential [2][3]. Core Views - Jiangbolong has experienced significant revenue growth, with a 143.82% year-on-year increase in revenue to 9.039 billion yuan in the first half of 2024, and a 199.64% increase in net profit to 594 million yuan [2]. - The company benefits from the upward trend in the storage industry, leveraging its scale, technology, and supply chain advantages to enhance its market share [2]. - The report highlights the company's successful transition towards high-end storage products and its expansion into overseas markets, indicating a second growth curve is opening up [3]. Financial Performance Summary - For the first half of 2024, Jiangbolong achieved a revenue of 9.039 billion yuan, with a net profit of 594 million yuan, marking substantial growth compared to the previous year [2]. - The second quarter of 2024 saw a revenue of 4.586 billion yuan, reflecting a 106.05% year-on-year increase, although net profit decreased by 45.41% quarter-on-quarter to 210 million yuan [2]. - The company’s embedded storage, solid-state drives, and memory modules all showed strong growth, contributing to a significant increase in overall revenue [2]. Future Outlook - The report projects earnings per share (EPS) for 2024, 2025, and 2026 to be 3.26 yuan, 2.57 yuan, and 2.72 yuan respectively, with corresponding price-to-earnings (PE) ratios of 21.5, 27.3, and 25.7 [3]. - Jiangbolong is expected to continue focusing on customized, high-end brand development while enhancing its capabilities across the semiconductor storage application product chain [3].

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]

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 使用部分闲置募集资金及自有资金进行现金管理 的核查意见 中信建投证券股份有限公司（以下简称"中信建投证券"或"保荐机构"） 作为深圳市江波龙电子股份有限公司（以下简称"江波龙"或"公司"）首次公 开发行股票并在创业板上市的保荐及持续督导机构，根据《证券发行上市保荐业 务管理办法》《深圳证券交易所上市公司自律监管指引第 13 号——保荐业务》 《深圳证券交易所创业板股票上市规则》《深圳证券交易所上市公司自律监管指 引第 2 号——创业板上市公司规范运作》等有关规定，对江波龙使用部分闲置募 集资金及自有资金进行现金管理进行了审慎核查，核查情况如下： 公司于 2024 年 8 月 23 日召开第三届董事会第四次会议和第三届监事会第 四次会议，审议通过《关于使用部分闲置募集资金及自有资金进行现金管理的议 案》，由于募集资金投资项目建设有一定周期，根据募集资金投资项目建设进度， 现阶段部分募集资金存在暂时闲置的情况。 为提高公司资金使用效率，实现公司与股东利益最大化，在不影响募集资金 投资项目建设和公司正常经营的情况下，公司拟使用不超过人民币 20,000.0 ...

证券代码：301308 证券简称：江波龙 公告编号：2024-064 关于公司 2024 年半年度利润分配预案的公告 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。 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和第三届监事会第四次会议，审议通过《关于公司2024 年半年度利润分配预案的议案》，具体情况如下： 一、 利润分配预案基本情况 根据公司 2024 年半年度报告，公司 2024 年上半年实现归属于上市公司股 东的净利润 59,378.21 万元，母公司 2024 年上半年净利润为 11,054.29 万元。截 至 2024 年 6 月 30 日，公司合并报表累计未分配利润为 191,877.51 万元，母公司 累计未分配利润为 42,109.92 万元（以上财务数据未经审计）。 根据中国证监会鼓励上市公司现金分红，给予投资者稳定、合理回报的指导 意见，本着回报股东、与股东分享公司经营成果的原则，在兼顾公司发展和股东 利益的前提下，结合公司实际情况，公司拟定 2024 年半年度利润分配预案为： 以公司现 ...