改革开放以来，广东始终站在创新创业的潮头。如今，这里已孕育出28家A股的千亿市值企业。它们既 是中国制造业的中坚力量，也是观察广东创新生态的窗口。广东当地企业如何实现创新突破？如何孕育 出"千亿级"龙头企业？ 一个只有指甲盖大小的芯片，是存储器的"主控大脑"。手机、汽车、AI服务 器，几乎所有智能终端都离不开它。十多年前，高端主控芯片被外国厂商垄断，如今它已能进行国产， 而且国产化率在快速提升，现在江波龙自研的主控芯片累计产量已经突破1亿颗。 企业总部大楼位于深 圳前海，这里可以看到已经通车的深中通道。从总部出发约三十分钟车程，就能到达中山的产业园。这 个通道的贯通，让深圳前海的总部与珠江西岸的制造基地实现了"一小时级"的深度联动。研发迭代更 快、物料流转更顺、产线验证更及时，一个覆盖整个大湾区的高效供应链网络正在形成。 物理空间的 联通，为企业提供了基础效率；而要将创新转化为真正的市场竞争力，则离不开能让技术迅速"产品 化"的成熟产业生态。这家企业正是受益于在广东深耕三十多年所积累的完整产业基础，与即时响应的 供应链，才能让实验室创新快速走向市场。（央视新闻） ...

同样依托这片创新生态土壤快速成长的，还有江波龙下游的智能影像企业——影石创新。2025年6月，影石登陆科创板，上市首日市值突破700亿元；两个月 后升至1000亿元。从2015年成立到跻身千亿市值行业，影石创新仅仅用了十年。 （央视财经《经济信息联播》）改革开放以来，广东始终站在创新创业的潮头。如今，这里已孕育出28家A股的千亿市值企业。它们既是中国制造业的中坚 力量，也是观察广东创新生态的窗口。广东当地企业如何实现创新突破？如何孕育出"千亿级"龙头企业？ 这个只有指甲盖大小的芯片，就是存储器的"主控大脑"。手机、汽车、AI服务器，几乎所有智能终端都离不开它。十多年前，高端主控芯片被外国厂商垄 断，如今它已能进行国产，而且国产化率在快速提升，现在江波龙自研的主控芯片累计产量已经突破1亿颗。 总台央视记者 刘溦祎：在企业位于深圳前海的总部大楼，隐约可以看到远处已经通车的深中通道，从总部出发约三十分钟车程，就能到达中山的产业园。 这个通道的贯通，让深圳前海的总部与珠江西岸的制造基地实现了"一小时级"的深度联动。研发迭代更快、物料流转更顺、产线验证更及时，一个覆盖整个 大湾区的高效供应链网络正在形成。 物理空间的联 ...

央视网消息：改革开放以来，广东始终站在创新创业的潮头。如今，这里已孕育出28家A股千亿市值企业。它们既是中国制造业 的中坚力量，也是观察广东创新生态的窗口。一起走进广东，看当地企业如何实现创新突破，共同探寻广东如何孕育"千亿级"龙头企 业。 同样依托这片创新生态土壤快速成长的，还有江波龙下游的智能影像企业——影石创新。2025年6月，影石登陆科创板，上市首 日市值突破700亿元，两个月后升至1000亿元。从2015年成立到跻身千亿市值行业，影石创新仅仅用了十年。 这个只有指甲盖大小的芯片就是存储器的"主控大脑"，手机、汽车、AI服务器，几乎所有智能终端都离不开它。十多年前，高端 主控芯片被外国厂商垄断，如今它已能进行国产，而且国产化率在快速提升，现在江波龙自研的主控芯片累计产量已经突破1亿。 物理空间的联通为企业提供了基础效率，而要将创新转化为真正的市场竞争力，则离不开能让技术迅速"产品化"的成熟产业生 态。这家企业正是受益于在广东深耕三十多年所积累的完整产业基础与即时响应的供应链，才能让实验室创新快速走向市场。 来到深圳前海的总部大楼，在记者身后，隐约可以看到远处已经通车的深中通道。从总部出发开车约三十分钟 ...

Core Viewpoint - The third largest shareholder of Shannon Chip Creation, Wuxi New Momentum Fund, has reduced its stake just after the company's stock price reached a historical high of 204.57 CNY per share on November 11, 2025, amid a price surge in the storage chip industry [1][2]. Group 1: Shareholder Actions - Wuxi New Momentum Fund sold 549,200 shares on November 11, reducing its holding from 5.13% to 4.999985%, officially exiting the "5% or more major shareholder" category [1][3]. - The fund had previously announced a plan to reduce its stake by up to 1% of the total share capital, equating to a maximum of 463.77 million shares, between November 11, 2025, and February 10, 2026 [2][3]. Group 2: Stock Performance - Shannon Chip Creation's stock price has increased significantly, with a rise of over 300% since September 5, 2025, and an annual increase exceeding 570%, leading to a market capitalization surpassing 90 billion CNY [4][5]. - The stock reached a peak of 204.57 CNY per share on November 11, 2025, marking a historical high [1][5]. Group 3: Industry Context - The surge in demand for storage chips is driven by the explosion of AI needs, with major AI operators increasing their demand for storage solutions [4][6]. - Major storage manufacturers like SanDisk and Micron are expected to initiate price adjustments in the fourth quarter of 2025, further benefiting companies like Shannon Chip Creation [4][6].

Core Viewpoint - The company, Jiangbolong, is actively engaging with institutional investors and has established a strong position in the semiconductor storage market, particularly in the enterprise storage segment, while navigating supply chain challenges and price fluctuations in the storage industry. Group 1: Company Operations and Strategy - Jiangbolong has established long-term partnerships with major wafer suppliers, ensuring a resilient and diversified supply chain for storage wafers [2] - The company is recognized as a leading independent memory manufacturer, with efficient inventory turnover and the ability to utilize various suppliers' wafers [2] - Jiangbolong's enterprise storage business is expanding, with a focus on high-performance storage products for data centers, including new memory types like CXL2.0 and MRDIMM [4] Group 2: Market Trends and Pricing - The storage market is experiencing significant price increases due to high demand from North American cloud service providers, leading to a shortage of HDDs and a shift in production focus towards server markets [3] - Recent reports indicate that prices for storage products have risen by at least 20%, with some products seeing increases of over 40% [3] Group 3: Financial Performance - In the first three quarters of 2025, Jiangbolong reported a revenue of 16.734 billion yuan, a year-on-year increase of 26.12%, and a net profit of 713 million yuan, up 27.95% [7] - The third quarter alone saw a revenue of 6.539 billion yuan, representing a 54.6% increase year-on-year, and a staggering net profit increase of 1994.42% [7] - The company's gross margin stands at 15.29%, with a debt ratio of 58.93% [7] Group 4: Product Development and Innovation - Jiangbolong has successfully developed UFS4.1 products, which are recognized for their superior performance in terms of speed and stability compared to market alternatives [5] - The company has deployed over 100 million self-developed controller chips, with ongoing growth in deployment scale [6]

Group 1: Supply Chain and Market Dynamics - The global supply of storage wafers is under continuous pressure, with companies establishing long-term agreements (LTA) and memorandums of understanding (MOU) with major suppliers to ensure supply chain stability [2][3] - Recent price increases in storage products are attributed to a significant demand from North American cloud service providers investing in AI, leading to a supply shortage in HDDs and a minimum price increase of 20% for DRAM and NAND products, with some prices rising over 40% [3] Group 2: Enterprise Storage Business Progress - The company ranks third in total capacity for enterprise SATA SSDs in China for the first half of 2025, leading among domestic brands [3] - The company is actively expanding its product offerings in the enterprise storage sector, with RDIMM products being shipped in bulk and other forms of enterprise storage products being introduced to major domestic enterprises [4] Group 3: High-Performance Storage Products - The company is focusing on high-performance storage products for data centers, including new memory types like CXL2.0 and MRDIMM, and has launched SOCAMM2, designed specifically for AI data centers [4] - SOCAMM2 has shown breakthrough performance in bandwidth and power consumption, although it has not yet generated revenue [4] Group 4: UFS4.1 Development and Market Position - The company has successfully developed UFS4.1 products, which are recognized for their superior performance in process, read/write speed, and stability compared to market alternatives [5] - UFS4.1 is positioned as a preferred storage configuration for flagship smart terminal models among Tier 1 clients, with the market transitioning from eMMC to UFS, indicating significant growth potential [5] Group 5: Chip Control and Deployment - The company has launched four series of proprietary control chips, achieving a deployment of over 100 million units by the end of Q3, with rapid growth expected [5] - The control chips are integrated with self-developed firmware algorithms, providing significant performance and power advantages [5]

Core Insights - The company, Jiangbolong, announced the launch of four series of main control chips that utilize advanced foundry processes and proprietary core IP, resulting in significant performance and power consumption advantages [1] - As of the end of Q3, the cumulative deployment of self-developed main control chips has exceeded 100 million units, with rapid growth in deployment scale continuing [1] - The UFS4.1 products equipped with the company's self-developed main control chips are currently undergoing validation with multiple Tier 1 manufacturers, indicating a strong growth trajectory for the year in terms of deployment scale [1]

Core Viewpoint - The company, Jiangbolong (301308), is experiencing significant growth in its storage product business, driven by rising demand in the cloud services sector and advancements in its proprietary technologies [1][2][3]. Group 1: Market Dynamics - Recent increases in storage prices are attributed to a surge in investment from North American cloud service providers, leading to a supply shortage of HDDs and a shift in focus towards high-capacity QLC SSDs [2]. - The price of storage products has seen a minimum increase of 20%, with some prices rising over 40%, reflecting the heightened demand in the server market [2]. Group 2: Profitability Impact - The company anticipates that the rising prices of storage wafers will positively impact its gross margin, although raw material price fluctuations are only one factor affecting overall performance [3]. - The company has made significant progress in enterprise storage, high-end consumer storage, and self-developed main control chips, which are expected to drive profitability growth [3]. Group 3: Supply Chain Stability - As a leading independent storage manufacturer, the company maintains a strong inventory turnover rate and has established long-term partnerships with major wafer suppliers, ensuring supply chain resilience [4]. - The company has signed long-term contracts and memorandums of understanding with wafer suppliers, enhancing its ability to secure stable resource supply [4]. Group 4: Product Development and Market Position - The company ranks third in the total capacity of enterprise-level ST SSDs in China for the first half of 2025, leading among domestic brands [4]. - The company is actively developing high-performance storage products for data centers, including new memory types like CXL2.0 and MRDIMM, and has launched the SOCMM2 product designed for data centers [5]. Group 5: UFS4.1 and Embedded Storage - The company has successfully developed UFS4.1 products, which are recognized for their superior performance in terms of process, read/write speed, and stability compared to market alternatives [6]. - UFS4.1 is positioned as a preferred storage configuration for flagship smart terminal models among Tier 1 clients, indicating a strong market opportunity as the embedded storage market transitions from eMMC to UFS [6]. Group 6: Main Control Chip Strategy - The company has launched multiple series of proprietary main control chips, achieving a deployment of over 100 million units by the end of Q3 2025, with ongoing rapid growth [7][8]. - The self-developed main control chips are currently undergoing validation with several Tier 1 manufacturers, indicating a strong potential for revenue growth in the coming year [8]. Group 7: Financial Performance - For the first three quarters of 2025, the company reported a main revenue of 16.734 billion yuan, a year-on-year increase of 26.12%, and a net profit of 713 million yuan, up 27.95% [8]. - In Q3 2025 alone, the company achieved a main revenue of 6.539 billion yuan, reflecting a substantial year-on-year increase of 54.6% [8]. Group 8: Analyst Ratings and Predictions - Over the past 90 days, 9 institutions have rated the stock, with 8 buy ratings and 1 hold rating, indicating strong market confidence [9]. - The average target price set by institutions is 205.92 yuan, with various profit forecasts for the upcoming years showing optimistic growth expectations [9].

Market Overview - On November 4, A-shares saw a collective decline in the three major indices, with the Shanghai Composite Index down 0.41%, the Shenzhen Component Index down 1.71%, and the ChiNext Index down 1.96% [1] - The total market turnover was 1.94 trillion yuan, a decrease of over 190 billion yuan compared to the previous trading day [1] - More than 1,600 stocks closed higher, with 68 stocks hitting the daily limit up [1] Sector Performance - The cross-strait concept stocks led the gains, with stocks like Zhongneng Electric, Zhaobiao Co., and Haixia Innovation hitting the daily limit up [1] - Other sectors that saw gains included banking, ice and snow industry, tourism, and hotels [1] - Conversely, sectors such as energy metals, precious metals, and PEEK materials experienced significant declines [1] New Investor Accounts - In October, 2.3022 million new A-share accounts were opened, a decrease of 624,100 accounts or 21.33% month-on-month [1] - In the first ten months of the year, the cumulative number of new personal investor accounts reached 22.3751 million, with a total of 391 million personal investor accounts as of October 31, 2025 [1] Historical Highs - A total of 24 stocks reached historical closing highs, with significant concentrations in the electric equipment, machinery, and electronics sectors [3] - The average price increase for these stocks was 4.2%, with notable gainers including Zhenhua Co., Dalian Shengya, and Shenma Electric, all hitting the daily limit up [3] Institutional Trading - In today's trading, 15 stocks were net bought, with 13 stocks seeing net purchases exceeding 10 million yuan [5] - Hai Xia Innovation topped the list with a net purchase of 224 million yuan, followed by Asia-Pacific Pharmaceutical and Shenzhou Information, both exceeding 50 million yuan in net purchases [5] - On the sell side, Rongxin Culture faced the highest net sell of 62.8053 million yuan [6] Notable Announcements - Shida Group plans to acquire 95% of Shuchang Ming Shang for 185 million yuan [8] - Star Source Magnesium received a notification for a project worth approximately 2.021 billion yuan over four years related to magnesium alloy components for new energy vehicles [8] - Visual China is planning to issue H-shares [9]

Core Insights - The company has successfully developed UFS4.1 products, a capability possessed by only a few global enterprises [1] - The UFS4.1 products, equipped with the company's self-developed main control chip, outperform comparable market products in terms of process, read/write speed, and stability [1] - The company has received recognition from major storage manufacturers, including SanDisk, and several Tier 1 clients, with the integration process accelerating [1] Product Development - The company has launched four series of multiple main control chips, utilizing advanced foundry processes that surpass mainstream products [1] - The self-developed core IP and firmware algorithms provide significant performance and power consumption advantages for the company's storage products [1] Deployment and Growth - As of the end of Q3, the cumulative deployment of the company's self-developed main control chips has exceeded 100 million units, with rapid growth continuing [1] - The UFS4.1 products are currently undergoing integration verification with multiple Tier 1 manufacturers, indicating a substantial increase in deployment scale for the year [1]