Group 1: Company Growth and Market Position - The company is one of the few A-share listed companies that officially disclose specific enterprise-level storage product performance, achieving a revenue of 319 million CNY in Q1 2025, representing a year-on-year growth of over 200% [3] - The enterprise-level storage products have gained recognition from major clients across various industries, including large internet companies and telecom operators, indicating strong adaptability and reliability [3] - The company expects continued breakthroughs in enterprise-level business due to increasing demand for domestic storage products driven by AI applications and local security concerns [3] Group 2: TCM Model and Revenue Impact - The company has partnered with SanDisk to leverage its leading capabilities in main control chip development and packaging, aiming to launch customized high-quality UFS products for the mobile and IoT markets [4] - The TCM (Technology Contract Manufacturing) model is being actively promoted, enhancing visibility in supply and demand, which helps mitigate price fluctuations and create value [4] - Collaborations with Tier 1 clients like Transsion and ZTE under the TCM model are expected to yield significant results in the future [4] Group 3: Storage Price Trends - Following production cuts announced by major storage wafer manufacturers, market prices for storage products have begun to rise since late Q1 2025, with downstream demand showing substantial growth [5] - Independent reports indicate that the semiconductor storage market has been gradually recovering since the end of March 2025, with expectations of continued upward momentum in prices for server and mobile storage products in Q3 [5] Group 4: 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 [6] - The self-developed main control chips are expected to see significant growth in application scale throughout 2025, maintaining a competitive edge in performance and power consumption [6] Group 5: Lexar and Zilia Business Growth - Lexar's global sales revenue reached over 3.5 billion CNY in 2024, with significant market share growth potential [6] - Zilia achieved a revenue of 2.312 billion CNY in 2024, marking a year-on-year growth of 120.15%, with Q1 2025 revenue increasing by 45.08% compared to the previous year [6] - The integration of Zilia into the company has enhanced its overseas market presence and product offerings, leveraging local manufacturing and service advantages [6]
江波龙(301308) - 2025年7月14日-15日投资者关系活动记录表