Core Viewpoint - The company is focusing on its core business of storage chips, increasing R&D investment to enhance technological autonomy, and expanding its product development and business operations in emerging fields such as AI servers and data centers [1][2]. Financial Performance - In 2024, the company achieved total revenue of 4.773 billion yuan, a year-on-year increase of 168.74%, and a net profit attributable to shareholders of 351 million yuan, a year-on-year increase of 1302.30% [1]. - For Q1 2025, the company reported revenue of 1.252 billion yuan, a year-on-year increase of 54.41%, but a net loss of 69.09 million yuan [1]. Market Conditions and Strategy - The company is experiencing short-term pressure on profitability due to industry cycle fluctuations, structural adjustments in market demand, and temporary cost pressures, but expects improvement as industry conditions recover [1]. - Since March, the storage chip market has shown signs of supply-demand improvement, leading to a stabilization and recovery in prices [2]. R&D and Product Development - The company has significantly increased R&D investment in 2024, particularly in high-performance areas, and is focused on breakthroughs in core technologies related to storage chips [2]. - The company is actively developing products in enterprise-level storage, industrial-grade storage, embedded storage, and high-performance main control chips to meet the diverse needs of emerging technologies like AI and cloud computing [2][3]. Business Expansion - The enterprise-level storage business is progressing well, having entered the supply chains of major internet and server manufacturers, with some products successfully validated and shipped in bulk [3]. - The company is expanding its product matrix to include solid-state drives, embedded storage, memory bars, and mobile storage, while also targeting new application scenarios such as data centers, industrial control, consumer electronics, and smart wearables [3].

Core Viewpoint - The company is focusing on breakthroughs in core technologies within the storage chip sector and is actively developing a core technology platform to meet the diverse demands of emerging technologies like AI and cloud computing [1] Group 1: Product Development and Market Strategy - The company is actively laying out plans in enterprise storage, industrial-grade storage, embedded storage, and high-performance main control chips [1] - Some new products have already achieved mass production and have been successfully introduced to key customers, which is expected to positively impact the company's overall performance [1]