Core Insights - Tianshan Electronics is collaborating with Tianlianxin and Xincun Technology to develop the first enterprise-level SSD hybrid disk, with the project progressing in stages [1][3] - The company is focusing on core technology areas such as storage control, interface optimization, and reliability design, aiming to enhance its competitiveness in the high-end enterprise storage market [3] - The partnership with Tianlianxin and Xincun Technology leverages their strong technical advantages in storage control chips and solid-state storage system design, facilitating performance optimization and industrialization of enterprise storage devices [3] - The demand for enterprise-level SSDs is expected to grow due to the rapid development of artificial intelligence, big data, and cloud computing industries, positioning Tianshan Electronics' project as a potential key growth driver [3] - The company commits to adhering to legal and regulatory information disclosure obligations, with updates on the project's progress to be announced publicly [3]

Group 1 - The company is currently collaborating with Tianlian Chip and Xincun Technology to advance the research and design of its first enterprise-level SSD hybrid drive [2] - The development and design work is progressing in an orderly manner [2] - The company will strictly adhere to relevant laws and regulations to fulfill its information disclosure obligations in a timely manner [2]

Group 1 - The company is extending its expertise in display technology into the semiconductor storage sector, focusing on three main product lines: CXL extended memory modules, SSD solid-state drives, and storage peripherals [1] - The strategy combines "chip-screen collaboration and computing-storage integration" to build a complete storage ecosystem from AI computing support to smart terminal applications [1] - The development and design of the first enterprise-level SSD hybrid drive are progressing in an orderly manner [1] Group 2 - The company is concentrating on the research and application of customized liquid crystal display modules and touch products, evolving from single display modules to integrated solutions that include main control boards, structural components, and software systems [1] - This upgrade to complex modules provides end customers with a comprehensive product matrix covering various scenarios, including smart home applications [1] - The company is strategically investing in the vertical integration of the entire chain from "storage chip research and manufacturing to main control chip and memory module research, memory module manufacturing, and market commercialization" through investments in Wuhan Dingdian and new storage technology [1]

Core Viewpoint - Tianshan Electronics (301379) is expanding into the semiconductor storage sector, focusing on three main product lines: CXL extended memory modules, SSD solid-state drives, and storage peripherals, aiming to create a complete storage ecosystem from AI computing support to smart terminal applications [1] Group 1: Company Strategy - The company is leveraging its expertise in display technology to enter the semiconductor storage market [1] - The strategic combination of "chip-screen collaboration and computing-storage integration" is central to the company's approach [1] Group 2: Product Development - The development and design of the first enterprise-grade SSD hybrid drive are progressing in an orderly manner [1]

证券日报网讯天山电子9月10日在互动平台回答投资者提问时表示，目前，首款企业级SSD混合盘的研 发、设计等阶段性工作正在有序推进中。公司将严格按照相关法律法规及时履行信息披露义务，敬请关 注公司披露的相关公告。 （文章来源：证券日报） ...

Group 1: Financial Performance - In the first half of 2025, the company achieved operating revenue of 856 million yuan, a year-on-year increase of 29.66%, surpassing the growth rate for the entire year of 2024 [2] - Net profit increased by 15.46% year-on-year, while the net profit after deducting non-recurring gains and losses grew by 29.66% [2] - The slower growth in net profit compared to revenue is attributed to increased expenses and reduced government subsidies and investment income [2] Group 2: Business Segments - The automotive business showed rapid revenue growth in the first half of 2025, primarily focusing on dashboard products, with key clients including BYD, Dongfeng, Wuling, and Changan [3] - The complex module business, categorized under material sales, has begun small-scale supply, marking a breakthrough from zero to one compared to 2024 [4] - The company is expanding its complex module production lines, with new facilities under construction to meet future capacity needs [4] Group 3: Product and Market Strategy - The company maintains a stable gross margin around 20%, supported by a strong customer base, efficient production, product differentiation, and supply chain advantages [6] - The company is extending its product line from display modules to storage modules, focusing on enterprise-level SSDs and other storage solutions, with ongoing development of its first enterprise SSD hybrid disk [8] - The dual-base strategy involves the Tanwei base for monochrome LCD modules and the Lingshan base for larger TFT automotive and complex modules, enhancing production capacity and product upgrades [7]