证券之星消息，根据企查查数据显示佰维存储（688525）公布了一项国际专利申请，专利名为"固态硬 盘数据纠错方法、装置、设备及可读存储介质"，专利申请号为PCT/CN2025/101817，国际公布日为 2026年1月29日。 数据来源：企查查 专利详情如下： 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 图片来源：世界知识产权组织（WIPO） 今年以来佰维存储已公布的国际专利申请2个。结合公司2025年中报财务数据，2025上半年公司在研发 方面投入了2.73亿元，同比增29.77%。 ...

转自：新华财经 新华财经北京1月30日电（胡晨曦） 近日，多家存储企业披露2025年业绩预告，盈利能力普遍增强。 佰维存储表示，从2025年第二季度开始，随着存储价格企稳回升，公司重点项目逐步交付，销售收入和毛利率逐步回升，经营业绩逐步改善。此外，德明利 预计2025年营业收入为103亿元-113亿元，同比增长115.82%-136.77%；归母净利润为6.5亿元-8亿元，同比增长85.42%-128.21%。对于业绩增长，德明利在公 告中提到，2025年第三季度起，受益于AI需求的驱动，存储行业景气度逐步回暖，存储价格进入上行通道，公司产品销售毛利率大幅提升，经营业绩显著 改善。 值得注意的是，自2025年第二季度起，全球存储行业景气度触底反弹，闪迪宣布NAND涨价后，三星、美光及长江存储、兆易创新等存储厂商纷纷跟进上调 价格。由于长单等因素影响，多数公司的涨价反映到业绩中，滞后1至2个季度。本轮涨价核心在于AI需求爆发叠加供给收缩，导致结构性供需错配。业内 人士预计，存储价格上涨核心周期将持续至2026年底。 机构预计短缺和涨价会持续 涨价有望持续全年 目前，佰维存储、兆易创新、德明利、江波龙等多家存储企 ...

Core Viewpoint - The surge in demand for storage chips driven by AI has created unprecedented opportunities for Chinese companies, particularly for Bawei Storage, which is experiencing significant growth and plans to go public in Hong Kong to capitalize on this trend [1][4]. Group 1: Market Dynamics - Prices for high-end memory components, such as HBM3E chips, have skyrocketed, with current prices exceeding $500, a 50% increase from previous levels [2]. - The total cost for HBM3E memory modules in AI training servers can reach $4,000 to $8,000, with data centers requiring significant investments, often exceeding $1 million [2]. - The overall DRAM contract prices are expected to increase by 55% to 60% in Q1 2026, while NAND Flash prices are projected to rise by 33% to 38% [8]. Group 2: Company Performance - Bawei Storage anticipates a 4-5 times increase in annual performance, with net profit projections for 2025 reaching between 850 million to 1 billion yuan, marking a year-on-year growth of 427% to 520% [1][2]. - The fourth quarter of 2025 is expected to be a significant growth period, contributing nearly 90% of the annual profit, with quarterly net profit soaring by 1225% to 1450% [2]. Group 3: Strategic Initiatives - Bawei Storage plans to use funds from its IPO to enhance R&D and production capabilities for high-end DRAM modules and enterprise SSDs, expand its global sales and service network, and explore strategic investments in upstream chip design and advanced packaging companies [4]. - The company is focusing on advanced packaging and testing capabilities, particularly in HBM mid-end processes and CXL memory pooling technology, to strengthen its position in the AI storage market [3]. Group 4: Leadership and Growth - Under the leadership of CEO Sun Chengsi, Bawei Storage has transformed from a low-margin OEM to a high-end storage solution provider, significantly increasing its market value from 5.33 billion yuan at its 2022 IPO to nearly 100 billion yuan [5][6]. - The company has successfully integrated into the supply chains of major global tech firms, including Meta and Google, and has established partnerships with leading automotive and cloud computing companies [7]. Group 5: Industry Trends - The ongoing price increases and supply constraints in the storage chip market indicate a super cycle driven by AI demand, with companies like Bawei Storage positioned to benefit from this trend [3][8]. - Multiple storage chip companies are accelerating their IPO processes, reflecting a broader industry shift towards capitalizing on the AI-driven demand and the restructuring of global supply chains [9].

近日，多家存储企业披露2025年业绩大幅预增。1月29日晚，江波龙发布业绩预告，预计2025年归母净 利润12.5亿元—15.5亿元，同比增长150.66%—210.82%。受此波涨价潮影响，多家存储企业业绩预增。 据不完全统计，包括佰维存储、兆易创新、德明利、朗科科技等。（证券时报） ...

在AI PC、微型掌机、智能机器人等终端设备朝着"小体积、大智能"飞速演进的今天，存储行业却长期 面临发展瓶颈：M.2 SSD体积臃肿、eMMC性能孱弱、SD卡读写迟缓、BGA封装难以扩展……"性能、 便携、可靠"之间的三角困局，已成为制约终端创新的关键障碍。 这一行业难题，正随着佰维存储推出的Mini SSD迎来破局时刻。该产品凭借3700MB/s的读取速度、高 达2TB的存储容量、SIM卡大小的体积，实现三重技术突破，不仅荣获《时代》周刊"年度最佳发明 奖"，更是以卡槽插拔式创新设计，为AI终端厂商优化供应链管理、打造差异化产品提供了坚实支撑。 市场表现印证了其创新价值。目前，Mini SSD已成功适配多款智能PC与游戏掌机，并积极导入机器人 等其他AI终端领域产品。产品一经问世，受到行业关注，不仅荣获《TIME》"年度最佳发明"，入围全 球科技创新届奥斯卡——爱迪生奖的决赛名单，相关产品解读文章、测评视频在全球曝光量突破1亿 次，B站单周视频播放量超过6万，持续位居京东热销榜前列，展现出技术领先所带来的持续热度。 在1月26日于深圳英特尔大湾区科技创新中心举办的"源起深圳，共创商机——Mini SSD生 ...

Investment Rating - The report maintains a "Positive" investment rating for the electronic industry [5] Core Insights - The ongoing shortage of niche storage is expected to continue, with AI demand opening up incremental growth opportunities [2][8] - AI demand is anticipated to drive the need for niche storage, particularly in applications such as automotive, industrial, and security [7] - Domestic manufacturers are positioned competitively in the niche storage market and are likely to benefit from the supply constraints caused by international suppliers exiting this segment [7] Summary by Sections Investment Recommendations and Targets - Key investment targets include domestic storage chip design companies such as Zhaoyi Innovation, Puran, Jucheng, Dongxin, Beijing Junzheng, and Hengshuo [3][8] - Other relevant companies include domestic storage module manufacturers like Jiangbolong, Demingli, and Baiwei Storage, as well as semiconductor equipment firms such as Zhongwei, Jingzhida, and Beifang Huachuang [3][8] - Companies benefiting from storage technology iterations include Lanke Technology, Lianyun Technology, and Aojie Technology [3][8] Market Dynamics - The supply of niche storage products is being significantly reduced as major international suppliers focus on mainstream storage products, leading to a substantial contraction in supply [7] - For instance, the global MLC NAND Flash capacity is projected to decrease by 41.7% in 2026 due to supply shrinkage, which is expected to drive prices significantly higher [7] - Domestic firms are gaining market share in niche storage, with Zhaoyi Innovation holding approximately 18.5% of the NOR Flash market in 2024, ranking second globally [7]

而坚守消费、医药等传统价值板块的基金则普遍承受较大净值压力。2025年四季度，刘彦春的景顺长城新兴成长A亏损5.85%，张坤的易方达蓝筹精选亏损 8.93%，葛兰的中欧医疗健康A更是亏损14.81%。这些基金重仓的消费、医药、港股互联网等板块在去年四季度继续调整。 21世纪经济报道记者 杨娜娜 2025年四季度，市场波动有所加大，A股和港股在震荡中收官，结构性行情演绎至极致。Wind数据显示，去年四季度上证指数上涨2.22%，沪深300指数下跌 0.23%，创业板指下跌1.08%。此外，恒生指数下跌4.56%，恒生中国企业指数下跌6.72%。 主要指数表现平淡，但内部行业却冰火两重天。以AI算力、半导体为代表的科技成长板块高歌猛进，石油石化、国防军工、有色金属等行业表现较好，而 房地产、医药、计算机等行业表现相对承压。 随着公募基金2025年四季报披露完毕，傅鹏博、朱少醒、张坤、葛兰、谢治宇、李晓星、刘彦春等明星基金经理的持仓动向与后市展望浮出水面。这种极致 的市场风格，也映射出这些公募明星基金经理们截然不同的投资路径，这些分化直接体现在他们的净值曲线上。 | | | | | | 部分明星基金经理2025年及 ...

Core Viewpoint - The article discusses the focus of fund managers on semiconductor equipment and technology sectors, highlighting the performance of key fund managers and their investment strategies in these areas [4][20]. Fund Manager Performance - Fund managers Xie Zhiyu and Qiao Qian have significant management scales of 38.6 billion and 24 billion respectively, with annualized returns of 18% and 13.52% since their tenure began [4]. - Xie Zhiyu's fund, Xingquan Helun Mixed A, achieved a return of 35.7% in 2025, outperforming the CSI 300 index by 18 percentage points [4][5]. - Qiao Qian's fund, Xingquan Business Model Mixed A, recorded a return of 38.05% in 2025, with a net value growth exceeding 10% in early 2026 [5][6]. Investment Focus - Both fund managers are concentrating on technology sectors, particularly overseas computing power and semiconductor equipment [8][9]. - Xie Zhiyu maintains a high equity position, with 92.5% of the fund's net value in stocks by the end of the fourth quarter [11]. - Qiao Qian's fund also operates with a high equity position of 94.4% at the end of the fourth quarter [16]. Portfolio Adjustments - Xie Zhiyu's fund saw significant changes in its top holdings, with the introduction of storage testing and module leader Baiwei Storage, which is expected to see a net profit growth of 427%-520% in 2025 [12]. - New entries in the top ten holdings for Xie Zhiyu include semiconductor equipment stocks Tuo Jing Technology and Huahai Qingke, while North China Innovation, Lens Technology, and Focus Media exited the list [13]. - Qiao Qian's fund also adjusted its top holdings significantly, with six new entries, including Baiwei Storage and Huahai Qingke, while North China Innovation and Lens Technology were removed [17]. Overall Market Outlook - The two fund managers agree on the positive outlook for technology sectors, particularly semiconductor equipment, storage, and overseas computing power [20].

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 688110 | 东心股份 | 140.33 | -8.42% | 50.63万 | 73.37 Z | | 688691 | 灿芯股份 | 136.16 | -5.80% | 8.12万 | 11.14亿 | | 688702 | 盛科通信 | 153.65 | -5.46% | 6.85万 | 10.647 | | 688478 | 昌升股份 | 38.88 | -4.59% | 4.71万 | 1.87亿 | | 688047 | 龙心中科 | 173.98 | -4.26% | 12.72万 | 22.37亿 | | 688809 | 强—股份 | 347.00 | -4.15% | 5.00万 | 17.33亿 | | 688419 | 耐科装备 | 40.50 | -4.03% | 4.85万 | 1.98亿 | | 688521 | 芯原股份 | 221.00 | -4.00% | 21.91万 | 48.39 Z | | 68872 ...

佰维存储所属申万行业为：电子-半导体-数字芯片设计。所属概念板块包括：封测概念、HBM概念、先 进封装(Chiplet)、存储器、存储概念等。 今年以来佰维存储已经1次登上龙虎榜，最近一次登上龙虎榜为1月16日，当日龙虎榜净买入-5.74亿 元；买入总计14.40亿元 ，占总成交额比14.51%；卖出总计20.14亿元 ，占总成交额比20.30%。 资料显示，深圳佰维存储科技股份有限公司位于广东省深圳市南山区桃源街道平山社区留仙大道1213号 众冠红花岭工业南区2区4、8栋1层-3层及4栋4层,香港九龙湾宏照道11号宝隆中心B座2楼208室及209 室，成立日期2010年9月6日，上市日期2022年12月30日，公司主营业务涉及半导体存储器的研发、生产 和销售,主要产品及服务包括智能终端存储芯片、消费级存储模组、工业级存储模组及先进封测服务。 主营业务收入构成为：存储产品48.77%，存储产品:嵌入式存储29.93%，存储产品:PC存储18.12%，其 他1.37%，先进封测服务1.09%，存储产品:工车规存储0.71%。 1月28日，佰维存储盘中上涨2.05%，截至09:50，报190.12元/股，成交15 ...