Market Outlook - The storage market is experiencing structural differences between application scenarios, with the consumer electronics market recovering slowly while the server market is growing significantly due to AI and data center demand [2] - The future market trend will continue to depend on the overall development of AI, which is expected to drive a rebound in the consumer electronics market and increase storage application and market scale [2] Business Development - The company has made positive progress in mid-to-high-end business, overseas operations, inventory reduction, and self-developed main control chips, maintaining a healthy production operation overall [2] - The automotive-grade storage market is expected to grow due to the penetration of smart driving and smart cockpit technologies, with the company being an early entrant in this field [2] - The company has released automotive-grade UFS and eMMC products and serves over 20 major automotive brands, covering more than 10 in-vehicle applications [2] Financial Performance - The company’s management and sales expenses have increased due to personnel expansion from two acquisition projects, while R&D expenses have also seen a year-on-year increase [3] - The company has successfully shipped over 10 million units of its self-developed main control chips, enhancing overall competitiveness and market share [3] - The inventory turnover days have decreased, indicating improved operational efficiency and cash flow [3] Revenue Insights - The enterprise-level storage business achieved revenue of 291 million yuan in the first half of the year, with continued growth in the third quarter [4] - The company is one of the few in China capable of providing "eSSD + RDIMM" enterprise-level products, positioning itself to capture growth opportunities in the enterprise storage market [4] - Zilia, a subsidiary in Brazil, generated revenue of 991 million yuan in the first half of the year, contributing positively to the company's income and profit [4]
江波龙(301308) - 2024年11月4日投资者关系活动记录表