Group 1: Market Outlook and Product Development - The smart automotive market is expected to grow significantly due to the penetration of intelligent driving and cockpit technologies, driven by the demand for high-performance storage solutions [3] - The company has launched automotive-grade UFS and eMMC products, serving over 20 major automotive brands with more than 8 years of mass production experience [3] - The company’s LPDDR5 products have entered mass production, with ongoing R&D for LPDDR5X to maintain a leading position in the embedded storage market [3] Group 2: Financial Performance and Business Growth - The enterprise storage business achieved revenue of CNY 291 million in the first half of the year, with continued growth in the third quarter [4] - The Brazilian subsidiary Zilia generated revenue of CNY 991 million in the first half of the year, contributing positively to the company's overall performance [4] - The company’s inventory levels decreased significantly in Q3 2024, improving operational efficiency and cash flow [4] Group 3: Profitability and Margin Contributions - The gross margins from industrial-grade and automotive-grade businesses are higher than the overall company average, with expectations for further improvement as these segments grow [4] - The self-developed main control chip business is anticipated to enhance the company's profitability due to better margin performance compared to industry peers [5] Group 4: Future Trends and Strategic Initiatives - The storage price trend is influenced by the recovery of the consumer electronics market and significant growth in the server market driven by AI and data centers [5] - The company is optimistic about its business development prospects, focusing on high-end and overseas markets, as well as self-developed main control chips [5] - Lexar, acquired by the company, has seen revenue growth from CNY 864 million in 2019 to CNY 2.426 billion in 2023, with plans for further global market expansion [6]
江波龙(301308) - 2024年11月20日-21日投资者关系活动记录表