Market Trends - In 2024, global storage prices are expected to show a clear trend of high-to-low, with traditional consumer electronics experiencing moderate recovery, while the consumer-grade storage market faces increasing pressure [3] - The server market demand is anticipated to continue its growth trend into 2025, driven by the acceleration of AI technology penetration in mobile, PC, and smart wearable devices [3] - The automotive storage market is projected to see new growth due to increasing demands for speed, capacity, and durability in vehicle storage devices [3] Business Performance - The enterprise storage business is expected to achieve significant growth in 2024, with projected sales reaching approximately 900 million CNY [3] - The Lexar brand is forecasted to generate sales revenue of around 3.5 billion CNY in 2024, continuing its growth momentum from previous years [6] - Zilia, a subsidiary in Brazil, is expected to achieve sales revenue of about 2.3 billion CNY in 2024, reflecting a year-on-year growth of approximately 120% [7] Product Development - The company is actively developing high-capacity and high-performance storage products to meet the increasing demands from AI applications [4] - The company has launched new products such as LPCAMM2, CAMM2, and CXL2.0 to support high-capacity and high-computing applications in the AI era [4] - The company has established a comprehensive product matrix in the automotive storage sector, covering UFS, eMMC, and SPI NAND Flash [5] Inventory and Supply Chain Management - The company achieved a double-digit reduction in inventory in Q3 2024 while ensuring delivery and liquidity [8] - The company is implementing flexible stocking strategies across different product lines to adapt to market conditions and storage's cyclical nature [8] Competitive Advantage - The company has developed self-research capabilities for main control chips, achieving over 10 million applications in products like SD cards and eMMC [8] - The company maintains close cooperation with independent main control manufacturers while actively promoting the introduction of self-researched main control chips [8]
江波龙(301308) - 2025年2月13日投资者关系活动记录表