证券之星消息，2025年11月25日江波龙（301308）发布公告称公司于2025年11月20日接受机构调研，长江 证券、中银基金、国盛证券、嘉实基金参与。 具体内容如下： 问：当前全球存储晶圆供应紧张，公司在存储晶圆的获取方面，是否具备足够的保障？ 答：根据灼识咨询的数据，公司是全球第二大独立存储器企业及中国最大的独立存储器企业，这一行业地 位有助于公司与全球主要存储晶圆原厂建立超越常规采购关系的长期直接合作。公司已与存储晶圆原厂签 有长期供货协议 （LT）或商业合作备忘录（MOU），并在此框架内开展长期合作，保障存储晶圆的持续稳定供应。 答：包括公司在内，全球目前仅少数企业具备在芯片层面开发 UFS4.1 产品的能力。搭载公司自研主控的 UFS4.1 产品在制程、读写速度以及稳定性上优于市场可比产品，在获得以闪迪为代表的存储原厂认可的 基础上，还获得多家Tier1 大客户的认可，相关导入工作正加速进行。 江波龙（301308）主营业务：半导体存储应用产品的研发、设计、封装测试、生产制造(SMT及组包环节, 下同)与销售,主要聚焦于存储产品和应用,形成存储芯片设计、主控芯片设计及固件算法开发、封装测试, 以 ...

| | | 编号：2025-032 深圳市江波龙电子股份有限公司 | 投资者关系活动 | √特定对象调研 □分析师会议 □媒体采访 | | --- | --- | | 类别 | □业绩说明会 □新闻发布会 □路演活动 | | | □现场参观 √电话会议 □其他 | | 参与单位名称及 | 长江证券、中银基金、国盛证券、嘉实基金 | | 人员姓名 | | | 2025 时间 | 年 月 11 20 日(周四) 10:00-11:00 | | 2025 | 年 11 月 21 日(周五) 16:00-17:00 | | 地点 | 深圳市前海深港合作区南山街道听海大道 5059 号鸿荣源前 | | | 海金融中心二期 座 B 2301 | | 上市公司接待人 | 副总经理、董事会秘书 许刚翎 | | 员姓名 | 投资者关系经理 黄琦 | | | 投资者关系资深主管 苏阳春 | | | 1、当前全球存储晶圆供应紧张，公司在存储晶圆的获 | | | 取方面，是否具备足够的保障？ 答：根据灼识咨询的数据，公司是全球第二大独立存储 | | | 器企业及中国最大的独立存储器企业，这一行业地位有助于 | | 投资者关系活动 | ...

Supply Chain and Market Trends - The company maintains strong relationships with major wafer suppliers through long-term agreements, ensuring supply chain resilience and diversity [2] - Recent trends show a price increase in storage products due to high demand from North American cloud service providers investing in AI, leading to a tightening supply for consumer and embedded storage products [3] Business Performance and Product Development - The company ranks third in total capacity for enterprise SATA SSDs in China and first among domestic brands, with ongoing expansion in enterprise storage product offerings [3] - The company has launched four series of self-developed controller chips, with over 100 million units deployed, indicating rapid growth in deployment scale [5] New Product Innovations - The company is actively developing high-performance storage products for data centers, including the newly released SOCAMM2, designed specifically for AI data centers, which shows significant improvements in bandwidth and power consumption [4] - The UFS4.1 product, developed in collaboration with SanDisk, has demonstrated superior performance in process, read/write speed, and stability compared to market alternatives, with accelerated adoption among Tier 1 clients [5]

Core Insights - The company has achieved a cumulative deployment of over 100 million self-developed main control chips by the end of Q3, with rapid growth in deployment scale continuing [2] - The UFS 4.1 products equipped with the company's self-developed main control chips are currently undergoing introduction and validation stages with multiple Tier 1 manufacturers [2] - The overall deployment scale of self-developed main control chips is expected to see significant growth throughout the year [2]

人民财讯11月12日电，江波龙（301308）近日在机构调研时表示，截至三季度末，公司自研主控芯片累 计部署量突破1亿颗，并且部署规模仍在保持快速增长。搭载公司自研主控的UFS4.1产品正处于多家 Tier1厂商的导入验证阶段，全年来看，自研主控芯片部署规模将实现放量增长。 ...

Corporate Announcements - China Aluminum announced the election of He Wenjian as chairman and the appointment of Zhang Ruizhong as general manager, with Zhang holding 147,100 shares of A-shares [4] - Jiangbolong reported that its self-developed main control chip deployment exceeded 100 million units by the end of Q3, with ongoing rapid growth [5] - Asia-Pacific Pharmaceutical received a notice of disapproval for the consistency evaluation application of Diltiazem Hydrochloride Tablets, which will not significantly impact current performance [6] - Fuxiang Pharmaceutical successfully passed the FDA's cGMP inspection, marking the third successful inspection, enhancing its qualification for international market supply [7] - Biaobang Co. terminated its control change planning due to failure to reach consensus on core terms, leading to stock resumption [8] - Jingjin Equipment announced the release of its actual controller and chairman from detention, allowing normal operations [9] - Sand Membrane reported that part of its fundraising account was frozen, amounting to 11.74 million yuan, related to a contract dispute [10] - Renfu Pharmaceutical's subsidiary received approval for clinical trials of HWH217 tablets for treating pulmonary arterial hypertension [12] - Wanye Enterprises will change its stock name to "Xian Dao Ji Dian" effective November 12 [13] - Huahai Pharmaceutical's subsidiary passed the FDA inspection, ensuring compliance with international standards [14] Performance Metrics - Daqin Railway reported a cargo transport volume of 32.51 million tons in October, a decrease of 4.7% year-on-year [19] - Jingji Agriculture announced sales of 233,300 pigs in October, generating revenue of 317 million yuan [20] - Baiyun Airport reported a passenger throughput of 7.64 million in October, a year-on-year increase of 12.04% [21] - Dongfeng Motor's total vehicle production decreased by 23.4% year-on-year in October, with significant declines in commercial vehicle categories [22] - Hongyang Real Estate reported a contract sales amount of 202 million yuan in October [23][24] Shareholding Changes - Xintonglian announced that a shareholder plans to reduce its stake by up to 3% [25] - Tonghua Dongbao conducted its first share buyback, acquiring 0.01% of its shares for 1.29 million yuan [26] - Guoci Materials plans to repurchase shares worth 100 million to 200 million yuan at a price not exceeding 30 yuan per share [27] - Xili Technology announced multiple shareholders plan to reduce their stakes [28] Major Contracts - Dayu Water announced a pre-bid win for a 310 million yuan water conservancy project in Hainan [29] - Zhongjian Technology signed a significant sales contract worth 563 million yuan [30] - Longjian Co. won a bid for a 441 million yuan project for road construction in Heilongjiang [31] - Chongqing Construction's subsidiary won a bid for a 781 million yuan project in Chongqing [32]

Core Viewpoint - Jiangbolong announced on November 6 that the interval between wafer procurement and memory sales will positively impact the company's gross margin when memory wafer prices rise, although raw material price fluctuations are only one factor affecting performance [1] Group 1: Company Performance - The company has made continuous breakthroughs in enterprise-level storage, high-end consumer storage, overseas business, and self-developed main control chips [1] - Internal growth factors will more directly and sustainably drive the company's profitability improvement [1]

Corporate Governance - China Aluminum announced the election of He Wenjian as chairman and the appointment of Zhang Ruizhong as general manager, effective immediately [3] - Jiang Guiting, the actual controller and chairman of Jingjin Equipment, has had his detention lifted, allowing him to resume his duties [8] - Biao Bang Co. has terminated its plans for a change in control, with stock resuming trading [7] Industry Developments - Jiangbolong reported that its self-developed main control chip deployment has exceeded 100 million units, with rapid growth expected [4] - Asia Pacific Pharmaceutical received a notice of disapproval for its consistency evaluation application for a drug, which will not significantly impact its current performance [5] - Fuxiang Pharmaceutical successfully passed a cGMP inspection by the FDA, marking its third successful inspection [6] - Huahai Pharmaceutical's subsidiary passed an FDA inspection, enhancing its international market capabilities [13] Financial Performance - Daqin Railway reported a cargo transport volume of 32.51 million tons in October 2025, a year-on-year decrease of 4.7% [18] - Jingji Zhino achieved sales revenue of 317 million yuan from selling 233,300 pigs in October 2025 [19] - Baiyun Airport reported a passenger throughput of 7.64 million in October 2025, a year-on-year increase of 12.04% [20] - Dongfeng Motor's total vehicle production in October 2025 was 6,536 units, a year-on-year decrease of 23.40% [21] - Hongyang Real Estate reported a contract sales amount of 202 million yuan in October 2025 [22] Shareholder Actions - Xintonglian announced that a shareholder plans to reduce its stake by up to 3% [24] - Tonghua Dongbao conducted its first share buyback, acquiring 143,500 shares for 1.29 million yuan [25] - Guoci Materials plans to repurchase shares worth 100 million to 200 million yuan at a price not exceeding 30 yuan per share [26] Project Wins - Dayu Water-saving announced a pre-bid win for a 310 million yuan water conservancy project in Hainan [28] - Zhongjian Technology signed a significant sales contract worth 563 million yuan [29] - Longjian Co. won a project bid worth 441 million yuan for road construction in Heilongjiang [30] - Chongqing Construction's subsidiary won a project bid worth 781 million yuan for a residential project in Chongqing [31]

江波龙(301308.SZ)公告称，公司在企业级存储领域积极布局，产品覆盖范围扩大，并在数据中心应用 领域的高性能存储产品上取得进展。截至三季度末，公司自研主控芯片累计部署量突破1亿颗，并且部 署规模仍在保持快速增长。搭载公司自研主控的UFS4.1产品正处于多家Tier1厂商的导入验证阶段，全 年来看，自研主控芯片部署规模将实现放量增长。 ...

Group 1: Market Trends and Price Increases - The recent increase in storage prices is attributed to the growing demand from North American cloud service providers investing heavily in AI infrastructure, leading to a significant supply shortage of HDDs [2][3] - DRAM and NAND product prices have seen a minimum increase of 20%, with some prices rising over 40% [3] Group 2: Impact on Profitability - The production cycle from wafer procurement to storage sales will positively impact the company's gross margin during periods of rising storage wafer prices, although raw material price fluctuations are only one factor affecting performance [4] - The company has made significant breakthroughs in enterprise storage, high-end consumer storage, overseas business, and self-developed controller chips, which will drive profitability growth more directly and sustainably [4] Group 3: Resource Supply 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 resource supply stability [4] - The company has signed long-term agreements (LTA) or memorandums of understanding (MOU) with wafer suppliers, enhancing supply chain resilience and diversity [4] Group 4: 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 [4] - The company is actively expanding its high-performance storage products for data center applications, including new memory types like CXL2.0 and MRDIMM, and has officially launched SOCAMM2 [5][6] Group 5: UFS4.1 and Controller Chip Developments - The company has successfully developed UFS4.1 products, which outperform comparable market products in terms of process, read/write speed, and stability, gaining recognition from major clients [6] - The deployment of the company's self-developed controller chips has surpassed 100 million units, with rapid growth expected in the coming year [6]