第一章 总 则 第一条 为维护深圳市江波龙电子股份有限公司（以下简称"公司"）股东的 合法权益，明确股东大会的职责权限，保证股东大会能够依法行使职权，根据《中 华人民共和国公司法》（以下简称《公司法》）、《中华人民共和国证券法》（以 下简称"《证券法》"）、《境内企业境外发行证券和上市管理试行办法》（以下 简称"《管理试行办法》"）、《上市公司章程指引》《上市公司股东大会规则》 《深圳证券交易所股票上市规则》《香港联合交易所有限公司证券上市规则》（以 下简称"《香港联交所上市规则》"）和《深圳市江波龙电子股份有限公司章程》 （以下简称"公司章程"）的规定，制定本规则。 第二条 根据《公司法》和公司章程的规定，股东大会是公司的最高权力机 构。公司应当严格按照《公司法》及其他法律、行政法规、规范性文件、公司章 程和本规则的相关规定召开股东大会，保证股东能够依法行使权利。 公司董事会应当切实履行职责，认真、按时组织股东大会。公司全体董事应 当勤勉尽责，确保股东大会正常召开和依法行使职权。公司全体董事对于股东大 会的正常召开负有诚信责任，不得阻碍股东大会依法履行职权。 第三条 股东大会应当在《公司法》和公司章程规定的 ...

深圳市江波龙电子股份有限公司 关于公司非独立董事辞职的公告 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。 证券代码：301308 证券简称：江波龙 公告编号：2024-084 朱宇先生担任公司非独立董事以及薪酬与考核委员会委员职务的原定任期 为自 2024 年 6 月 14 日起至公司第三届董事会任期届满之日止。截至本公告披露 日，朱宇先生直接持有公司股份 2,970,800 股，占公司总股本的比例为 0.71%。 朱宇先生承诺其所持公司股份仍将严格按照《深圳证券交易所上市公司自律监管 指引第 10 号——股份变动管理》等相关法律、法规及规范性文件的有关规定进 行管理，并继续履行其在公司《首次公开发行股票并在创业板上市招股说明书》 《首次公开发行股票并在创业板上市之上市公告书》中所做出的相关承诺。 公司高度认可朱宇先生在任职第三届董事会非独立董事期间对公司发展所 做出的卓越贡献，并对其表示衷心的感谢！ 特此公告。 深圳市江波龙电子股份有限公司董事会 2024 年 12 月 19 日 深圳市江波龙电子股份有限公司（以下简称"公司"）于近日收到朱宇先生 的书面辞 ...

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。 证券代码：301308 证券简称：江波龙 公告编号：2024-090 深圳市江波龙电子股份有限公司 关于公司聘请 H 股发行并上市的审计机构的公告 深圳市江波龙电子股份有限公司（以下简称"公司"）于 2024 年 12 月 18 日召开第三届董事会第六次会议及第三届监事会第六次会议，审议通过了《关于 公司聘请 H 股发行并上市的审计机构的议案》，同意公司聘请安永会计师事务所 （以下简称"安永香港"）为公司发行境外上市外资股（H 股）股票并申请在香 港联合交易所有限公司主板挂牌上市（以下简称"本次发行并上市"）的审计机 构。现就相关事项公告如下： 一、拟聘会计师事务所事项的情况说明 考虑到安永香港在境外发行上市项目方面拥有较为丰富的财务审计经验，具 备足够的独立性、专业能力，经过综合考量和审慎评估，公司董事会决定聘请安 永香港为本次发行并上市的审计机构。该事项尚需提交公司股东大会审议。 二、拟聘会计师事务所的基本情况 （一）机构信息 1、基本信息 安永香港为一家根据香港法律设立的合伙制事务所，由其合伙人全资拥有。 ...

证券代码：301308 证券简称：江波龙 公告编号：2024-092 深圳市江波龙电子股份有限公司 关于全资子公司实施股权激励及放弃 优先认缴出资权暨关联交易的公告 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。 为了进一步健全公司中长期激励体系，形成良好均衡的价值分配模式，在 具体业务单元层面形成更具针对性的激励机制，调动中高层管理人员和业务骨 干的积极性和创造性，吸引和保留管理人才和业务骨干，推动公司芯片设计业 务的快速发展，深圳市江波龙电子股份有限公司（以下简称"公司"）于 2024 年 12 月 18 日召开第三届董事会第六次会议和第三届监事会第六次会议，审议 通过了《关于全资子公司实施股权激励及放弃优先认缴出资权暨关联交易的议 案》，现将具体情况公告如下： 一、本次交易概述 （一）增资扩股及实施股权激励的概述 公司子公司慧忆微电子（上海）有限公司（以下简称"慧忆微电子"）拟 通过增资扩股形式对慧忆微电子的核心骨干员工实施股权激励。本次增资金额 4,300.00 万元，对应新增注册资本 4,300.00 万元。其中，前述激励对象拟直接持 有或通过持有员 ...

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 全资子公司实施股权激励及放弃优先认缴出资权 暨关联交易的核查意见 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，对江波龙全资子公司实施 股权激励及放弃优先认缴出资权暨关联交易的事项进行了审慎核查，核查情况如 下： 一、本次交易概述 （一）增资扩股及实施股权激励的概述 公司子公司慧忆微电子（上海）有限公司（以下简称"慧忆微电子"）拟通 过增资扩股形式对慧忆微电子的核心骨干员工实施股权激励。本次增资金额 4,300.00 万元，对应新增注册资本 4,300.00 万元。其中，前述激励对象拟直接持 有或通过持有员工持股平台合伙份额间接持有慧忆微电子股权的方式参与本次 股权激励，对应的出资金额合计 ...

Group 1: Market Outlook and Product Development - The smart automotive market is expected to grow significantly due to the penetration of intelligent driving and cockpit technologies, driven by the demand for high-performance storage solutions [3] - The company has launched automotive-grade UFS and eMMC products, serving over 20 major automotive brands with more than 8 years of mass production experience [3] - The company’s LPDDR5 products have entered mass production, with ongoing R&D for LPDDR5X to maintain a leading position in the embedded storage market [3] Group 2: Financial Performance and Business Growth - The enterprise storage business achieved revenue of CNY 291 million in the first half of the year, with continued growth in the third quarter [4] - The Brazilian subsidiary Zilia generated revenue of CNY 991 million in the first half of the year, contributing positively to the company's overall performance [4] - The company’s inventory levels decreased significantly in Q3 2024, improving operational efficiency and cash flow [4] Group 3: Profitability and Margin Contributions - The gross margins from industrial-grade and automotive-grade businesses are higher than the overall company average, with expectations for further improvement as these segments grow [4] - The self-developed main control chip business is anticipated to enhance the company's profitability due to better margin performance compared to industry peers [5] Group 4: Future Trends and Strategic Initiatives - The storage price trend is influenced by the recovery of the consumer electronics market and significant growth in the server market driven by AI and data centers [5] - The company is optimistic about its business development prospects, focusing on high-end and overseas markets, as well as self-developed main control chips [5] - Lexar, acquired by the company, has seen revenue growth from CNY 864 million in 2019 to CNY 2.426 billion in 2023, with plans for further global market expansion [6]

深圳市江波龙电子股份有限公司 关于持股 5%以上股东股份减持计划实施完毕的公告 证券代码：301308 证券简称：江波龙 公告编号：2024-083 本公司股东国家集成电路产业投资基金股份有限公司保证向本公司提供的信息 内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 深圳市江波龙电子股份有限公司（以下简称"公司"）于 2024 年 9 月 23 日披 露了《关于持股 5%以上股东减持股份预披露公告》（公告编号 2024-073）。公司 持股 5%以上股东国家集成电路产业投资基金股份有限公司（以下简称"国家集成 电路产业基金"）因自身经营管理所需，计划在 2024 年 10 月 22 日至 2025 年 1 月 20 日期间通过证券交易所以集中竞价交易、大宗交易方式合计减持公司股份 不超过 1,497,533 股（占公司总股本比例为 0.36%）。 公司于近日收到国家集成电路产业基金出具的《关于股份减持计划实施完毕 的告知函》，截至 2024 年 11 月 6 日，国家集成电路产业基金本次减持计划已实 施完毕，现将有关情况公告如下： ...

Market Outlook - The storage market is experiencing structural differences between application scenarios, with the consumer electronics market recovering slowly while the server market is growing significantly due to AI and data center demand [2] - The future market trend will continue to depend on the overall development of AI, which is expected to drive a rebound in the consumer electronics market and increase storage application and market scale [2] Business Development - The company has made positive progress in mid-to-high-end business, overseas operations, inventory reduction, and self-developed main control chips, maintaining a healthy production operation overall [2] - The automotive-grade storage market is expected to grow due to the penetration of smart driving and smart cockpit technologies, with the company being an early entrant in this field [2] - The company has released automotive-grade UFS and eMMC products and serves over 20 major automotive brands, covering more than 10 in-vehicle applications [2] Financial Performance - The company’s management and sales expenses have increased due to personnel expansion from two acquisition projects, while R&D expenses have also seen a year-on-year increase [3] - The company has successfully shipped over 10 million units of its self-developed main control chips, enhancing overall competitiveness and market share [3] - The inventory turnover days have decreased, indicating improved operational efficiency and cash flow [3] Revenue Insights - The enterprise-level storage business achieved revenue of 291 million yuan in the first half of the year, with continued growth in the third quarter [4] - The company is one of the few in China capable of providing "eSSD + RDIMM" enterprise-level products, positioning itself to capture growth opportunities in the enterprise storage market [4] - Zilia, a subsidiary in Brazil, generated revenue of 991 million yuan in the first half of the year, contributing positively to the company's income and profit [4]

Group 1: Company Overview and Market Position - The company has made significant progress in self-developed chip business, including over 10 million applications of eMMC and SD card controller chips [2] - The company's revenue in the enterprise storage sector reached 291 million yuan in the first half of the year, with continued growth in Q3 [2] - The company holds a small market share in the global storage market, indicating substantial future growth potential [2] Group 2: Product Development and Innovations - The company has developed SLC NAND Flash storage chips, achieving a cumulative shipment of over 50 million units [2] - The first 32Gbit 2D MLC NAND Flash has completed tape-out verification, with plans to release samples in the future [2] - The company is focusing on high-margin products, including enterprise-grade and automotive-grade storage solutions [5] Group 3: Sales and Revenue Insights - Lexar's global revenue increased from 864 million yuan in 2019 to 2.426 billion yuan in 2023, with continued rapid growth in various product lines [3] - The company’s overseas sales are primarily conducted through Hong Kong, affecting the domestic and international sales revenue ratio [4] - The company achieved a double-digit reduction in inventory scale in Q3 2024, improving operational efficiency and cash flow [5] Group 4: Future Strategies and Market Outlook - The company aims to enhance its global supply chain and actively explore overseas markets to establish a solid foundation for future growth [2] - The company is optimistic about the future market trends, anticipating a rebound in demand in the consumer electronics market [4] - The company plans to optimize inventory structure and improve turnover efficiency to meet customer demands while maintaining liquidity [5]

Investment Rating - The report maintains an "Accumulate" rating for the company [1][2] Core Views - The company has shown significant growth in its enterprise-level storage segment, with expectations for continued revenue growth driven by the mass shipment of enterprise-grade SSDs [2][3] - The overall storage market is expected to benefit from the global AIGC wave and the "Digital China" initiative, providing substantial growth opportunities for the company [3][4] Financial Summary - For 2022A, the company's revenue was 8,330 million yuan, with a year-on-year growth rate of -14.6%. In 2023A, revenue is projected to increase to 10,125 million yuan, reflecting a growth rate of 21.6%. By 2024E, revenue is expected to reach 16,434 million yuan, representing a growth rate of 62.3% [1][10] - The net profit attributable to the parent company was 73 million yuan in 2022A, with a significant decline to -828 million yuan in 2023A. However, it is projected to recover to 747 million yuan in 2024E, with a growth rate of 190.3% [1][10] - The company's return on equity (ROE) is expected to improve from -13.0% in 2023A to 10.4% in 2024E, and further to 18.5% by 2026E [1][10] Business Segments - The embedded storage segment accounted for 44% of the company's revenue in 2023, with a revenue of 44.23 billion yuan and a gross margin of 3.11%. This segment is expected to face challenges in Q3 2024 due to slower-than-expected recovery in consumer electronics [3][7] - The solid-state drive (SSD) segment generated 28.02 billion yuan in revenue in 2023, representing 28% of total revenue, with a gross margin of 5.46%. This segment is anticipated to benefit from the mass shipment of enterprise-grade eSSD products [3][7] Market Position - The company has successfully expanded its international business, with notable growth in overseas revenue, particularly from its Lexar brand, which achieved a global sales increase of 70.6% in H1 2024 [3][4] - The company completed acquisitions in Brazil, enhancing its supply chain resilience and positioning itself favorably in the international market [3][4] Future Projections - The company is expected to achieve net profits of 747 million yuan in 2024, 1,288 million yuan in 2025, and 1,929 million yuan in 2026, with corresponding P/E ratios of 52, 30, and 20 [3][4]