Group 1 - The company reported a revenue of 17.464 billion yuan in 2024, representing a year-on-year increase of 72.48%, and a net profit attributable to shareholders of 499 million yuan, up 160.24% year-on-year [1] - In Q4 2024, the revenue was 4.195 billion yuan, showing a year-on-year growth of 18.3%, but a quarter-on-quarter decline of 0.8%, with a gross margin of 11.17%, down 6.2 percentage points [1] - The global storage market is entering a strong upward cycle from H2 2023 to H1 2024, but the consumer storage market is expected to face significant pressure in H2 2024 due to inventory digestion [1] Group 2 - The company owns three major storage brands: FORESEE, Zilia, and Lexar, making it the second-largest independent storage company globally and the largest in China [2] - Zilia's sales revenue reached 2.312 billion yuan in 2024, a year-on-year increase of 120.15%, while Lexar's global sales revenue hit 3.525 billion yuan, setting a new record [2] - The enterprise storage segment saw rapid growth, with a revenue of 291 million yuan in the first half of 2024, up over 2000% year-on-year, and an expected full-year revenue of 922 million yuan, up 666.30% [2] Group 3 - The company has successfully shipped over 50 million SLC NAND chips in 2023 and exceeded 100 million cumulative shipments of self-developed storage chips in 2024 [3] - Cumulative shipments of self-developed main control chips surpassed 30 million, with significant applications in high-end eMMC and storage cards [3] - The profit forecast for 2025 and 2026 has been revised down, with net profit estimates adjusted from 985 million and 1.378 billion yuan to 614 million and 783 million yuan, respectively [3]
江波龙(301308)：自研主控出货超3千万颗 企业级存储放量成长