Group 1: Company Collaboration and Product Development - The collaboration with Sandisk leverages Jiangbolong's strengths in main control chips and packaging technology, aiming to launch high-quality UFS products for mobile and IoT markets [3] - The UFS 4.1 product features sequential read/write speeds of 4350MB/s and 4200MB/s, with random read/write performance of 630K IOPS and 750K IOPS, outperforming mainstream products [3] - The TCM model is designed to enhance visibility in supply and demand, reducing price volatility impacts while creating value through core technology capabilities [3] Group 2: Enterprise Storage Growth - Jiangbolong is one of the few A-share listed companies disclosing specific enterprise storage product performance, achieving a revenue of 319 million CNY in Q1 2025, a year-on-year increase of over 200% [3][4] - The enterprise storage products have gained recognition from major clients across various industries, indicating strong adaptability and reliability [4] - The acceleration of AI applications is expected to drive demand for domestic enterprise storage products due to localization and information security considerations [4] Group 3: Self-Developed Main Control Chips - The company has launched three main control chips for eMMC, SD cards, and automotive-grade USB products, with cumulative applications exceeding 30 million units [5] - The self-developed main control chips provide significant performance and power advantages over market counterparts, supporting the company's leading position in the storage market [5] - A substantial increase in the application scale of self-developed main control chips is anticipated for the full year of 2025 [5] Group 4: Market Trends and Pricing - Following production cuts by major storage wafer manufacturers, market prices for storage products have begun to rise, with a substantial increase in downstream demand observed [6][7] - eSSD prices are expected to increase by 5%-10% in Q3 2025 due to inventory demands from server OEM customers and pricing strategies from storage wafer manufacturers [7] - Recent price increases in DDR4 and DDR5 memory are attributed to strategic exits from DDR4 production and growing demand in the server market [7] Group 5: Inventory and Procurement Strategy - The company is actively promoting PTM and TCM models, focusing on demand-driven procurement strategies to optimize inventory management [7] - The inventory strategy is designed to balance delivery needs and liquidity while adapting to the growth of overall sales [7]
江波龙(301308) - 2025年6月24日-26日投资者关系活动记录表