Group 1: Market Trends and Price Increases - The recent increase in storage prices is attributed to the growing demand from North American cloud service providers investing heavily in AI infrastructure, leading to a significant supply shortage of HDDs [2][3] - DRAM and NAND product prices have seen a minimum increase of 20%, with some prices rising over 40% [3] Group 2: Impact on Profitability - The production cycle from wafer procurement to storage sales will positively impact the company's gross margin during periods of rising storage wafer prices, although raw material price fluctuations are only one factor affecting performance [4] - The company has made significant breakthroughs in enterprise storage, high-end consumer storage, overseas business, and self-developed controller chips, which will drive profitability growth more directly and sustainably [4] Group 3: Resource Supply Stability - As a leading independent storage manufacturer, the company maintains a strong inventory turnover rate and has established long-term partnerships with major wafer suppliers, ensuring resource supply stability [4] - The company has signed long-term agreements (LTA) or memorandums of understanding (MOU) with wafer suppliers, enhancing supply chain resilience and diversity [4] Group 4: Enterprise Storage Business Progress - The company ranks third in total capacity for enterprise SATA SSDs in China for the first half of 2025, leading among domestic brands [4] - The company is actively expanding its high-performance storage products for data center applications, including new memory types like CXL2.0 and MRDIMM, and has officially launched SOCAMM2 [5][6] Group 5: UFS4.1 and Controller Chip Developments - The company has successfully developed UFS4.1 products, which outperform comparable market products in terms of process, read/write speed, and stability, gaining recognition from major clients [6] - The deployment of the company's self-developed controller chips has surpassed 100 million units, with rapid growth expected in the coming year [6]
江波龙(301308) - 2025年11月3日-4日投资者关系活动记录表