Group 1: Company Performance and Market Outlook - The company's enterprise storage business achieved revenue of CNY 291 million in the first half of 2024, with Q3 revenue expected to exceed Q2 levels [2] - The enterprise storage market has significant growth potential, driven by national policies and increasing demand for domestic products due to localization and security concerns [2] - The company maintains a relatively optimistic outlook for Q1 and Q2 of next year, despite facing pressure from the consumer electronics market [3] Group 2: Inventory and Supply Chain Management - The company reduced its inventory scale by double digits in Q3 2024, improving operational efficiency and cash flow [4] - Inventory turnover days have decreased, indicating a healthier inventory level, while the company will adopt different stocking strategies for various product lines [4] - After significant inventory consumption in Q3, downstream customer inventory levels are expected to be healthier in Q4 [5][6] Group 3: Product Development and Competitive Advantages - The company has launched multiple high-speed enterprise SSD products, covering capacities from 480GB to 3.84TB, establishing a comprehensive product portfolio [4] - The company’s PCIe SSDs have advanced features and compatibility with various domestic CPU platforms, enhancing their market application [4] - Lexar's overall gross margin is slightly higher than the company's average, supported by a rich product line [5] Group 4: International Expansion and Strategic Investments - Zilia, a subsidiary, achieved revenue of CNY 991 million in the first half of the year, contributing positively to the company's income and profits [5] - Zilia's investment plan of CNY 650 million (approximately CNY 859 million) aims to enhance R&D and expand production capacity, leveraging Jiangbolong's technology and supply chain advantages [5] - The combination of Jiangbolong's R&D capabilities and Zilia's local service strengths is expected to support the company's long-term international business development [5]
江波龙(301308) - 2024年10月28日投资者关系活动记录表