According to the Great Wall Securities Research Report, Lanqi Technology predicts that the median non-net profit deducted in 24 years would be +239% year-on-year, and interconnect chip revenue reached a new high. The main benefits are the restorative growth in demand for memory interface and module support chips, the increase in DDR5 penetration rate and the continuous iteration of the child generation, and the beginning of large-scale shipments of the company's new high-performance AI capacity chips. Has the company's MXC chip been included in the first batch of CXL? 2.0 compliant supplier list, leading position in the industry. With the gradual increase in new products, it is expected to drive future performance growth. As a leading domestic memory interface chip, the company will fully benefit from the increase in DDR5 penetration rate and the AI wave. Moreover, the CPU market space in China is large, and the proportion of domestic domestic manufacturers is still low, and the company has broad room for future growth. Maintain an “Overweight” rating.

According to the Great Wall Securities Research Report, Lanqi Technology predicts that the median non-net profit deducted in 24 years would be +239% year-on-year, and interconnect chip revenue reached a new high. The main benefits are the restorative growth in demand for memory interface and module support chips, the increase in DDR5 penetration rate and the continuous iteration of the child generation, and the beginning of large-scale shipments of the company's new high-performance AI capacity chips. Has the company's MXC chip been included in the first batch of CXL? 2.0 compliant supplier list, leading position in the industry. With the gradual increase in new products, it is expected to drive future performance growth. As a leading domestic memory interface chip, the company will fully benefit from the increase in DDR5 penetration rate and the AI wave. Moreover, the CPU market space in China is large, and the proportion of domestic domestic manufacturers is still low, and the company has broad room for future growth. Maintain an “Overweight” rating.