Group 1: Company Overview and Market Position - The company aims for a revenue target of no less than 9.163 billion yuan for 2023, driven by macroeconomic recovery and consumer confidence [2] - The company holds a 5.05% share of its supply from Yangtze Memory Technologies, its fifth-largest supplier [3] - The company has a low global market share, indicating significant growth potential as storage demand and terminal applications continue to expand [4] Group 2: Product and Technology Insights - The company is capable of switching storage wafers from different manufacturers, ensuring flexibility in product offerings [2] - The company has launched enterprise-grade DDR4 memory and SSD samples, with expectations for bulk orders from clients within the year [4] - SLC NAND Flash is increasingly replacing NOR Flash, particularly in products with capacities of 512 Mb and above, indicating a strong market trend [4] Group 3: Market Conditions and Future Outlook - The storage market is currently in a downturn due to insufficient terminal demand, but recovery is anticipated in Q2 or Q3 2023, driven by macroeconomic improvements [2] - The company is closely monitoring the recovery of consumer purchasing power in the terminal market [3] - The company maintains a cautious approach to inventory valuation, with a declining trend in inventory levels since Q3 2022 [3]

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：2023-007 | --- | --- | --- | --- | |----------------|---------------|------------------|-----------| | | √特定对象调研 | □分析师会议 | □媒体采访 | | 投资者关系活动 | | | | | | □业绩说明会 □ | 新闻发布会 | □路演活动 | | 类别 | | | | | | □现场参观 □ | 其他（电话会议） | | | | | | | | 参与单位名称及 | | | | | 人员姓名 | | | | 正威国际共 15 家机构 时间 2023 年 5 月 6 日 (周六) 10:00~11:30 地点 深圳市南山区科发路 8 号金融基地 1 栋 8 楼会议室 上市公司接待人 副总经理、董事会秘书 许刚翎 员姓名 董事会办公室 苏阳春 1、公司存储产品在车载领域的应用情况如何？ 答：目前存储在车载系统的应用场景大概分为几类。 首先，车载系统最大的存储需求主要集中在 IVI 系统，公 司车规级 eMMC 及 UFS 产品主要应用于该场景 ...

Financial Performance - The company's revenue for Q1 2023 was ¥1,481,610,393.41, a decrease of 36.42% compared to ¥2,330,322,135.09 in the same period last year[3] - The net profit attributable to shareholders was a loss of ¥280,514,422.73, representing a decline of 273.01% from a profit of ¥162,139,559.99 in Q1 2022[3] - The net cash flow from operating activities was negative at ¥455,840,522.52, worsening by 38.06% compared to a negative cash flow of ¥330,165,579.34 in the previous year[3] - The company's basic and diluted earnings per share were both -¥0.68, a decrease of 254.55% from ¥0.44 in Q1 2022[3] - The weighted average return on equity was -4.33%, a decline of 7.98% compared to 3.65% in the same period last year[3] - Operating profit turned negative at CNY -349,169,574.14 compared to a positive operating profit of CNY 188,804,358.45 in the previous year[19] - The total comprehensive income for the period was -320,643,189.11 CNY, compared to 145,631,834.21 CNY in the previous period, indicating a significant decline[20] Assets and Liabilities - The total assets at the end of the reporting period were ¥8,451,642,144.33, down 5.71% from ¥8,963,763,654.95 at the end of the previous year[3] - The company's equity attributable to shareholders decreased from CNY 6,638,753,411.59 to CNY 6,318,110,222.48, a decrease of about 4.8%[18] - The total liabilities decreased from CNY 2,325,010,243.36 to CNY 2,133,531,921.85, a decline of approximately 8.2%[18] - Current assets decreased from CNY 7,336,474,233.64 to CNY 6,693,125,271.16, representing a reduction of about 8.8%[17] - Deferred tax assets increased from CNY 177,081,135.91 to CNY 258,752,523.58, indicating a rise of about 46%[17] Cash Flow - As of the end of Q1 2023, the company's cash and cash equivalents amounted to approximately RMB 1.45 billion, down from RMB 1.92 billion at the beginning of the year, representing a decrease of about 24.2%[16] - Cash inflow from operating activities totaled 1,519,799,369.65 CNY, down from 2,289,007,211.73 CNY in the previous period[21] - Cash outflow from operating activities was 1,975,639,892.17 CNY, compared to 2,619,172,791.07 CNY in the previous period[22] - The ending balance of cash and cash equivalents was 1,445,702,570.86 CNY, compared to 681,981,104.74 CNY in the previous period[22] - The company reported a cash inflow of 650,354,291.08 CNY from borrowings, down from 1,207,282,248.27 CNY in the previous period[22] Shareholder Information - The company had a total of 22,735 common shareholders at the end of the reporting period[7] - The major shareholder, Cai Huabo, holds 39.24% of the shares, amounting to 162,000,000 shares[8] - The National Integrated Circuit Industry Investment Fund holds 6.23% of the shares, totaling 25,714,284 shares[8] - The top ten shareholders include several investment management firms, indicating a diverse ownership structure[9] - The total number of shares held by pre-IPO shareholders is 380,662,917, with various lock-up periods ending in August 2023[11] Strategic Initiatives - The company is focused on expanding its market presence and enhancing its product offerings through strategic investments and partnerships[9] - The company is actively involved in the integrated circuit industry, which is a key area for future growth and development[9] - The company plans to continue its research and development efforts to innovate new products and technologies in the electronics sector[9] - The company initiated a restricted stock incentive plan in early 2023 to enhance employee motivation and retention[14] - The company plans to provide housing loans to eligible employees, with a total amount not exceeding RMB 100 million[14] Expenses and Impairments - The company reported a significant increase in sales expenses to ¥74,153,432.39, up from ¥53,393,642.15, primarily due to increased salaries and travel expenses[6] - The company recorded an asset impairment loss of ¥129,396,199.78, compared to ¥8,287,898.25 in the previous year, mainly due to inventory write-downs[6] - The company recognized a credit impairment loss of approximately RMB 3.40 million and an asset impairment loss of approximately RMB 161.64 million for the year 2022[15] - Research and development expenses increased to CNY 93,941,752.28 from CNY 78,100,223.28, reflecting a growth of approximately 20.3%[19] - The company reported a significant increase in financial expenses, with interest expenses rising to CNY 9,054,406.02 from CNY 4,915,428.93, an increase of approximately 84.5%[19] Mergers and Acquisitions - The company did not conduct any mergers or acquisitions during the reporting period[23]

深圳市江波龙电子股份有限公司（以下简称"公司"）已于 2023 年 3 月 22 日披 （问题征集专题页面二维码） 会议召开时间：2023 年 3 月 29 日（星期三）下午 15:00-16:30 会议召开方式：网络互动方式 会议召开地点：全景路演（https://rs.p5w.net/html/136403.shtml） 会议问题征集：投资者可于 2023 年 3 月 28 日下午 15 点前访问网址 https://ir.p5w.net/zj/、扫描下方二维码或通过公司邮箱 ir@longsys.com 进行会 前提问，公司将通过本次年度业绩说明会，在信息披露允许范围内就投资者 普遍关注的问题进行回答。 露《2022 年年度报告》及《2022 年年度报告摘要》，具体内容详见公司披露于巨潮资 讯网（http://www.cninfo.com.cn）《2022 年年度报告》（公告编号：2023-010）、《2 022 年年度报告摘要》（公告编号：2023-011）。 为便于广大投资者更加全面了解公司 2022 年度的经营情况，公司定于 2023 年 3 月 29 日（星期三）下午 15:00-16:30 在 ...

Financial Performance - The company's net profit decreased by 92.81% compared to the previous year, primarily due to adverse macroeconomic factors such as the Russia-Ukraine conflict and high global inflation, leading to a significant decline in market demand [3]. - The company reported a total revenue of RMB 4.2 billion for the fiscal year 2022, marking a year-on-year increase of 15% [10]. - The company achieved operating revenue of 8.33 billion yuan in 2022, a year-on-year decrease of 14.55% [63]. - The net profit attributable to shareholders for 2022 was ¥72,796,954.85, down 92.81% from ¥1,013,044,015.16 in 2021 [19]. - The gross profit margin for the year was 30%, reflecting a stable performance in the semiconductor market [10]. - The gross margin for the year was reported at 35%, a slight increase from 33% in the previous year [163]. - The company reported a negative cash flow from operating activities of 326 million yuan during the reporting period [63]. - The cash flow from operating activities showed a net outflow of ¥326,363,785.88, an improvement of 59.77% compared to a net outflow of ¥811,249,772.07 in 2021 [19]. Market Outlook and Growth Potential - The company's revenue accounted for approximately 1% of the global market size during the reporting period, indicating a low global market share and substantial growth potential [4]. - The demand for enterprise-level storage is expected to increase due to greater investment in global data centers, while the automotive sector's increasing intelligence presents market opportunities for automotive-grade storage [5]. - The overall market outlook remains positive, with projected growth in the semiconductor industry expected to reach 8% in 2023 [10]. - The company has provided a positive outlook for the next fiscal year, projecting a revenue growth of 25% [9]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of the next fiscal year [9]. Research and Development - Research and development investments have increased by 30%, focusing on advanced semiconductor technologies [9]. - The company is investing in R&D, with a budget allocation of 200 million RMB for the development of next-generation storage technologies [13]. - The company maintained a research and development expenditure of RMB 356 million in 2022, focusing on enterprise-level storage products and self-developed small-capacity storage chips [65]. - The company is focusing on developing new technologies and products to drive future growth [169]. Product Development and Innovation - New product launches are expected to contribute an additional 300 million RMB in revenue, with a focus on innovative storage solutions [9]. - The company has launched two enterprise-grade SSD products and is developing high-capacity eSSD products (4TB-8TB) for data centers and cloud computing [93]. - The company has initiated mass production of UFS 2.2 and UFS 3.1 products, aiming to maintain its market leadership in embedded storage solutions [75]. - The company is expanding its product line to include DDR5 RDIMM products to enhance its offerings [52]. Strategic Partnerships and Acquisitions - The company is exploring potential mergers and acquisitions to enhance its product portfolio and market reach [9]. - A new strategic partnership has been established with a leading technology firm to co-develop next-generation storage solutions [9]. - The company is considering strategic acquisitions to enhance its supply chain capabilities, with a budget of 300 million RMB allocated for potential deals [163]. Operational Efficiency and Cost Management - The company aims to improve operational efficiency, targeting a 5% reduction in production costs over the next year [9]. - The company plans to implement cost-cutting measures that are expected to save approximately 50 million RMB annually [163]. - Strategic partnerships with key suppliers are anticipated to enhance supply chain efficiency and reduce costs by 5% [10]. Risks and Challenges - The company faces risks including high concentration of raw material suppliers, significant overseas procurement, wafer price fluctuations, and inventory depreciation risks [6]. - The company is addressing the risk of price fluctuations in wafer materials, which significantly impact gross margins, by focusing on high-end storage products that have higher profit margins compared to consumer-grade products [128]. Corporate Governance and Management - The company has established a robust independent director system to enhance decision-making efficiency and internal control effectiveness [146]. - The company has implemented a comprehensive internal control system, which was evaluated and found effective without any significant deficiencies [186]. - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with governance regulations [145]. Employee and Talent Management - The company employs 879 R&D personnel, representing 55.42% of its total workforce, emphasizing its commitment to talent development [77]. - The educational background of employees includes 2 with PhDs, 264 with Master's degrees, and 960 with Bachelor's degrees, reflecting a highly educated workforce [177]. - The company has established a comprehensive salary management system that includes base salary, benefits, bonuses, and special allowances to attract and retain talent [178]. Social Responsibility and Sustainability - The company has implemented a sustainability strategy, aiming for a 30% reduction in carbon emissions by 2025 [13]. - The company actively engages in social responsibility initiatives, including partnerships with educational institutions to foster talent in the microelectronics field [200]. - The company has no record of environmental violations and adheres to ISO standards for quality and environmental management [199].