证券代码：688008 证券简称：澜起科技 公告编号：2025-043 澜起科技股份有限公司 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： ? 经财务部门初步测算，澜起科技股份有限公司（以下简称"公司"）预计： 较上年同期增长85.50%~102.36%； 一、本期业绩预告情况 （一）业绩预告期间 （二）业绩预告情况 经财务部门初步测算，公司预计： 增长约58.17%； 较上年同期（法定披露数据）增长85.50%~102.36%； （三）本次业绩预告未经注册会计师审计。 二、上年同期业绩情况 （一）2024年半年度营业收入：16.65亿元。 （二）2024年半年度利润总额：6.40亿元。 （三）2024年半年度属于母公司所有者的净利润：5.93亿元。 （四）2024年半年度归属于母公司所有者的扣除非经常性损益的净利润： （五）2024年半年度每股收益：0.52元/股。 三、本期业绩变化的主要原因 （一）2025年上半年，公司预计实现营业收入约26.33亿元，较上年同期增 长约58.17%，其中互连类芯片销 ...

Group 1 - Microsoft announced a new round of layoffs, with an expected reduction of over 9,000 employees [3] - The layoffs have led to the cancellation of multiple projects, affecting thousands of employees [1] - A producer from Xbox Game Studios, Matt Turnbull, suggested using generative AI tools to cope with the emotional burden of unemployment, which sparked widespread controversy [1][2] Group 2 - Turnbull's comments were criticized by former employees, highlighting the lack of respect for those affected by the layoffs [2] - The context of the layoffs is tied to Microsoft's significant investments in the AI sector, which has raised concerns among employees [2]

整理 | 苏宓 转自| CSDN（ID：CSDNnews） 在许多程序员的工作中，"每天、每周要写多少行代码"似乎成了一个绕不开的话题。有人拿它当 KPI，有人拿来卷效率，也有人把它当做衡量开发者价 值的量尺。 但真的是写得越多，代表能力越强、贡献越大吗？ 最近，在 Hacker News 上，一则经典回忆被再次顶上热榜：苹果公司早期工程师 Bill Atkinson 曾通过重写算法，不仅使软件性能提升了近六倍，还减 少了约2000 行代码。 结果，当被管理层要求填写" 本周编写的代码行数 "的表格时，他毫不含糊地写下了一个数字： -2000。 于是他们设计了一张表格，要求团队所有工程师每周五都得填，里面最关键的一栏就是："你本周写了多少行代码？" 但这项指标让 Bill Atkinson 感到相当荒谬。 他不是别人，正是 QuickDraw 图形引擎的作者 ，也是 Lisa 和后来的 Macintosh 项目中最关键的用户界面设计师之一。 在他看来，代码行数根本不是衡量开发效率的好办法。他的目标是让程序尽可能小、尽可能快，而这个所谓的"代码行数指标"只会鼓励大家写出臃肿、 混乱、质量低下的代码。 当时他正好 ...

Core Viewpoint - The storage industry is facing both opportunities and challenges this year, with leading companies like 澜起科技 (Lianqi Technology) poised for growth through international expansion and innovation in chip design [1][2]. Group 1: Company Strategy and Goals - 澜起科技 plans to issue H-shares and list on the Hong Kong Stock Exchange to enhance its international strategy and attract talent, aiming to strengthen its core competitiveness [2][3]. - The company’s strategic goal for the next five to ten years is to become a leading international full interconnect chip design company, focusing on high-performance interconnect solutions for cloud computing and AI infrastructure [2][3]. Group 2: Business Performance and Market Outlook - In Q1 2025, 澜起科技 reported sales revenue of 1.139 billion yuan for interconnect chip products, a year-on-year increase of 63.92% and a quarter-on-quarter increase of 17.19%, marking eight consecutive quarters of growth [3]. - The company anticipates strong demand for DDR5 memory interface chips and high-performance interconnect chips, with orders exceeding 1.29 billion yuan for Q2 2025 [3][4]. - In 2024, 澜起科技 achieved revenue of 3.639 billion yuan, a year-on-year growth of 59.2%, and a net profit of 1.412 billion yuan, up 213.1% [4]. Group 3: Market Trends and Projections - The global memory interface chip market is projected to grow from 1.009 billion USD in 2024 to 1.268 billion USD in 2025, with a CAGR of 28.5% from 2025 to 2031 [4]. - By 2028, the global storage interface chip market is expected to reach 19.475 billion yuan, driven by the increasing penetration of DDR5 technology [4]. Group 4: Competitive Position - 澜起科技 holds a 43.35% market share in the memory interface chip sector as of 2023, with significant clients including major DRAM manufacturers like Samsung, SK Hynix, and Micron [5]. - The company's successful listing and financing are expected to enhance its brand and technical barriers, facilitating further business expansion [5].

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Investment Rating - The report maintains a "Buy" rating for the company, indicating a favorable outlook for investment over the next 6-12 months [5]. Core Insights - The company is benefiting from the ongoing AI wave, with significant growth potential as it consolidates its leading position in the DDR5 memory interface chip market [1]. - The company's revenue and profit are experiencing substantial growth, with a projected revenue of 3.639 billion yuan in 2024, representing a year-on-year increase of 59.20%, and a net profit of 1.412 billion yuan, reflecting a 213.10% increase [3]. Summary by Sections Company Overview - The company is a leader in the memory interface chip industry and is actively involved in the development of international standards for DDR5 RCD chips, maintaining its competitive edge as DDR5 technology continues to evolve [1]. Product Development - The company has introduced several high-performance interconnect chips, including PCIe Retimer, MRCD/MDB, CKD, and MXC, which cater to the high bandwidth requirements of AI and high-performance computing applications [2]. Financial Performance - In 2024, the company is expected to achieve a revenue of 3.639 billion yuan and a net profit of 1.412 billion yuan, with significant growth rates projected for the following years [3][4]. - The company’s high-performance chips generated a sales revenue of 135 million yuan in Q1 2025, marking a year-on-year growth of 155% [3]. Profit Forecast and Valuation - The net profit forecasts for 2025 and 2026 have been raised to 2.224 billion yuan and 3.075 billion yuan, respectively, with a new forecast for 2027 set at 3.862 billion yuan [3]. - The current stock price corresponds to a price-to-earnings ratio (PE) of 41 for 2025, 30 for 2026, and 24 for 2027, indicating a positive long-term growth outlook [3].

点击 关注我们 报告发布日期：2025年5月28日 报告名称: 《澜起科技（688008.SH）：聚焦高速互连芯片，运力芯片成为增长新引擎》 分析师：胡剑 S0980521080001/胡慧 S0980521080002/ 叶 子 S0980522100003 / 张大为 S0980524100002/ 詹浏洋 S0980524060001 / 李书颖 S0980122080309 联系人：连欣然 完整报告请扫描下方二维码 核心观点 2024年互连类芯片和津逮服务器平台收入占比分别为92%和8%，1Q25收入和归母净利润均创季度 新高 在数据密集的计算系统中，CXL可用于内存扩展、内存池化和内存共享。公司的MXC芯片是一款CXL内存扩 展控制器芯片，已成功通过了CXL 2.0合规性测试，列入CXL联盟公布的首批CXL 2.0合规供应商清单；另外， 三星和SK海力士同期入选CXL 2.0合规供应商清单，其受测产品均采用了公司的MXC芯片。另外，公司在 2024年第四季度决定暂缓用于数据中心的AI算力芯片研发，将相关技术积累和研发资源转移至PCIe Switch芯 片的研发及产业化。 风险提示 新产品研发不及预期 ...

Investment Rating - The report maintains an "Outperform" rating for the company [5]. Core Views - The company focuses on high-speed interconnect chips, with its capacity chips becoming a new growth engine. In 2024, interconnect chips and the Tsingdai server platform accounted for 92% and 8% of revenue, respectively. The company achieved a revenue of 3.639 billion yuan in 2024, a year-on-year increase of 59%, and a net profit of 1.412 billion yuan, a year-on-year increase of 213% [1][11]. - The company is one of the three major DDR5 memory interface chip manufacturers globally, leading the second-generation iteration of DDR5. The continuous iteration of CPUs supporting higher-speed DDR5 will drive the large-scale use and upgrade of DDR5 memory modules [2][45]. - The MXC chip has entered the first batch of compliant suppliers for CXL 2.0, and the company has decided to shift its R&D focus from AI computing chips for data centers to PCIe Switch chips [3][12]. Summary by Sections Financial Performance - In 2024, the company achieved a revenue of 3.639 billion yuan, with a year-on-year growth of 59%. The net profit reached 1.412 billion yuan, marking a year-on-year increase of 213%. The revenue and net profit for Q1 2025 were 1.222 billion yuan and 525 million yuan, respectively, both setting quarterly records [1][11][16]. - The company's revenue from interconnect chips was 3.349 billion yuan, with a gross margin of 62.7% in 2024 [24][22]. Product Development - The company has successfully launched multiple high-performance capacity chips, including PCIe Retimer, MRCD/MDB, and CKD, with a combined revenue of approximately 422 million yuan in 2024, which is eight times that of 2023 [2][56]. - The company has initiated the second-generation iteration of DDR5 memory interface chips, with the second-generation RCD chip shipments exceeding those of the first generation in 2024 [46][45]. Market Position - The company is positioned as a leading provider of interconnect chips and server platforms, with a CAGR of 20% in revenue from 2016 to 2024 and a CAGR of 41% in net profit during the same period [11][16]. - The global market for memory interface chips is expected to reach $5.7 billion by 2031, with the company being one of the three main suppliers [40][41]. Valuation - The report provides a reasonable valuation range for the company's stock at 84.50 to 93.89 yuan, representing a premium of 11% to 24% over the closing price of 75.84 yuan on May 27 [5][4].

扫码订阅 智能制造 产业日报， 4.【 一箭六星，力箭一号遥七运载火箭发射成功】5月21日消息，北京时间2025年5月21日12时05分，力 箭一号遥七运载火箭在东风商业航天创新试验区发射升空，将搭载的泰景三号04星、泰景四号02A星、星 睿十一号卫星、星迹源一号卫星、立方108 001星、西光壹号02星共6颗卫星顺利送入预定轨道，飞行试验 任务获得圆满成功。此次任务是力箭一号运载火箭的第7次飞行。（央视新闻） 更多智能制造产业资讯 …… 1.【我国系列化标准新能源机车将首次出口海外】5月20日，中国中车与哈萨克斯坦国家铁路公司新能源 合作项目——CKD6H型机车，在中车资阳机车有限公司装配车间下线。这是我国系列化标准新能源机车 首次实现出口海外，标志着中国绿色轨道交通装备在国际市场取得历史性突破。（中国日报网） 精选行业新闻，帮你省时间！ 2.【SpaceX：将投资约15亿美元在越南各地提供宽带互联网服务】当地时间5月20日，越南工贸部长阮鸿 延同多家美国企业代表举行工作座谈。SpaceX高级副总裁蒂姆·休斯表示，该公司将通过星链卫星互联网 服务项目在越南投资和发展电信基础设施。SpaceX将投资约15亿美 ...

Core Viewpoint - The article provides a comprehensive guide to the most popular search engines globally, highlighting their unique features, functionalities, and usage tips for effective information retrieval. Group 1: Search Engines Overview - Google is the most widely used search engine, known for its powerful algorithms and extensive database, offering various search options including web, image, video, news, and academic searches [2] - Baidu is the largest search engine in China, focusing on Chinese content with strong information gathering capabilities and community services like Baike and Tieba [3] - Bing, developed by Microsoft, offers similar comprehensive search functions to Google but emphasizes a simpler interface and enhanced image and map search features [4] - Yahoo! has shifted towards providing news and comprehensive information services, focusing more on editorially curated content rather than algorithm-generated results [5] - DuckDuckGo prioritizes user privacy by not tracking search history, offering a simple interface and quick results, although its database is smaller than that of Google and Baidu [6] - Yandex is the most popular search engine in Russia, providing a wide range of services including translation, maps, and music, with a strong local market presence [8] Group 2: Effective Search Techniques - Choosing accurate keywords is essential for obtaining precise search results, utilizing specific terms or descriptions to minimize irrelevant results [10] - Advanced search techniques, such as using quotation marks for exact matches and the "-" operator to exclude terms, can significantly enhance search efficiency [11] - Utilizing filtering and sorting features available in search engines can help narrow down search results quickly, such as sorting by time or relevance [12] - Understanding privacy policies is crucial when using search engines, especially those like DuckDuckGo that emphasize privacy protection to avoid personal data leakage [13] Group 3: Conclusion - The article concludes that each search engine has its unique characteristics catering to different user needs, and mastering effective search techniques can greatly improve information retrieval efficiency [15]