Core Viewpoint - Baiwei Storage has submitted a listing application to the Hong Kong Stock Exchange, with Huatai International as the sole sponsor [1] Group 1: Company Overview - Baiwei Storage is an independent semiconductor storage solution provider tailored for the AI era, possessing full-stack technical capabilities including main control chips, innovative storage solution design, and advanced packaging and testing [1] - The company operates an integrated R&D and packaging model, offering high-performance, customized semiconductor storage solutions to meet the needs of various sectors such as smart mobility, AI emerging endpoints, PCs, enterprise storage, smart vehicles, and other industries [1] - Baiwei Storage has established partnerships with numerous globally recognized clients, including Meta, Google, Xiaomi, OPPO, BYD, and Changan [1] Group 2: Market Position - Baiwei Storage is the only independent storage solution provider globally with wafer-level packaging capabilities [1] - According to Frost & Sullivan, in 2024, the company is projected to be the largest independent storage manufacturer with proprietary packaging manufacturing based on relevant revenue, as well as the largest supplier of semiconductor storage solutions for AI emerging endpoints globally [1]

Core Viewpoint - Company Bawen Storage submitted an application for H-share listing on October 28, 2025, to the Hong Kong Stock Exchange, indicating its intention to raise capital through public offerings [1] Group 1 - The application for the public offering and listing on the Hong Kong Stock Exchange was disclosed on October 28, 2025 [1] - The application materials were published in draft form and may be subject to updates and revisions [1] - The target investors for the offering include both domestic and overseas qualified investors, with no publication of application materials in domestic media [1] Group 2 - The listing and issuance are contingent upon approval from relevant regulatory authorities, indicating a level of uncertainty in the process [1]

Core Viewpoint - Shenzhen Baiwei Storage Technology Co., Ltd. has submitted an application for listing on the Hong Kong Stock Exchange, with Huatai International as the sole sponsor [1] Company Overview - Baiwei Storage is a leading independent semiconductor storage solution provider tailored for the AI era, possessing unique capabilities in main control chip design, innovative storage solutions, and advanced packaging technology [3][5] - The company transforms NAND and DRAM wafers into diverse storage solutions to meet the evolving demands of AI applications, ensuring high performance and customization [3] Market Position - Baiwei Storage holds a leading market position across various verticals, serving notable global clients such as Meta, Google, Xiaomi, and OPPO, showcasing its ability to deliver diverse storage solutions [4] - The company is the only independent storage solution provider globally with wafer-level packaging capabilities and is projected to be the largest independent storage manufacturer with proprietary packaging by 2024 [5] Financial Performance - For the six months ending June 30, 2022, 2023, 2024, and 2025, the company reported revenues of approximately RMB 2.986 billion, RMB 3.591 billion, RMB 6.695 billion, and RMB 3.912 billion respectively [6][7] - The company experienced a net profit of RMB 71.22 million in 2022, but reported losses in 2023 and 2025, with a projected profit of RMB 135.24 million in 2024 [6][7]

格隆汇10月28日｜佰维存储公告称，公司于2025年10月28日向香港联交所递交境外公开发行股票（H 股）并在香港联交所主板上市申请，同日在香港联交所网站刊登申请材料。该材料为草拟版本，可能更 新修订。认购对象为境外及境内合格投资者，公司不在境内媒体刊登申请资料，提供香港联交所网站查 询链接。本次发行上市尚需获相关监管机构批准，存在不确定性。 ...

证券代码:688525 证券简称:佰维存储 公告编号：2025-080 深圳佰维存储科技股份有限公司 关于向香港联合交易所有限公司递交 H 股发行上市的 申请并刊发申请资料的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 深圳佰维存储科技股份有限公司（以下简称"公司"）已于 2025 年 10 月 28 日向香港联合交易所有限公司（以下简称"香港联交所"）递交了境外公开 发行股票（H 股）并在香港联交所主板上市（以下简称"本次发行上市"）的申 请，并于同日在香港联交所网站刊登了本次发行上市的申请材料。该申请材料为 公司按照香港证券及期货事务监察委员会（以下简称"香港证监会"）及香港联 交所的要求编制和刊发，为草拟版本，其所载资料可能会适时作出更新及修订， 投资者不应根据其中的资料作出任何投资决定。 鉴于本次发行上市的认购对象仅限于符合相关条件的境外投资者及依据中 国相关法律法规有权进行境外证券投资的境内合格投资者，公司将不会在境内证 券交易所的网站和符合监管机构规定条件的媒体上刊登该申请资料，但为使境内 投资者及时了解该 ...

Core Viewpoint - Shenzhen Baiwei Storage Technology Co., Ltd. has submitted an application for listing on the Hong Kong Stock Exchange, with Huatai International as the sole sponsor [1] Company Overview - Baiwei Storage is a leading independent semiconductor storage solution provider tailored for the AI era, possessing unique capabilities in main control chip design, innovative storage solution design, and advanced packaging technology [3] - The company transforms NAND and DRAM wafers into diverse storage solutions to meet the evolving demands of AI applications, integrating R&D and packaging processes for enhanced efficiency and quality assurance [3] Market Position - Baiwei Storage holds a leading market position across various verticals, serving notable global clients such as Meta, Google, Xiaomi, and BYD, showcasing its ability to deliver customized storage solutions [4] - The company has established strong strategic partnerships with leading NAND and DRAM suppliers, ensuring stable supply and supporting industry development [4] Competitive Advantage - According to Frost & Sullivan, Baiwei Storage is the only independent storage solution provider globally with wafer-level packaging capabilities and is projected to be the largest independent storage manufacturer with proprietary packaging by 2024 [5] - The company is also the largest supplier of semiconductor storage solutions for emerging AI applications, positioning itself well for growth in the rapidly expanding AI market [5] Financial Performance - For the six months ending June 30, 2022, 2023, 2024, and 2025, the company reported revenues of approximately RMB 2.986 billion, RMB 3.591 billion, RMB 6.695 billion, and RMB 3.912 billion respectively, with net profits of RMB 71.22 million, a loss of RMB 630.87 million, a profit of RMB 135.24 million, and a loss of RMB 241.35 million [6][7]

Core Viewpoint - Shenzhen Baiwei Storage Technology Co., Ltd. has submitted an application for listing on the Hong Kong Stock Exchange, with Huatai International as the sole sponsor [1] Company Overview - Baiwei Storage is a leading independent semiconductor storage solution provider tailored for the AI era, possessing unique capabilities in main control chip design, innovative storage solutions, and advanced packaging technology [3][5] - The company transforms NAND and DRAM wafers into diverse storage solutions to meet the evolving demands of AI applications, emphasizing a seamless integration of R&D and packaging processes to enhance efficiency and product customization [3] Market Position - The company holds a leading market position across various verticals, serving notable global clients such as Meta, Google, Xiaomi, and OPPO, showcasing its ability to deliver diverse storage solutions [4] - Baiwei Storage is the only independent storage solution provider globally with wafer-level packaging capabilities and is projected to be the largest independent storage manufacturer with proprietary packaging by 2024 [5] Financial Performance - For the six months ending June 30, 2022, 2023, 2024, and 2025, the company reported revenues of approximately RMB 2.986 billion, RMB 3.591 billion, RMB 6.695 billion, and RMB 3.912 billion respectively, with net profits of RMB 71.22 million, a loss of RMB 630.87 million, a profit of RMB 135.24 million, and a loss of RMB 241.35 million [6][7]

Group 1 - The core point of the article is that Shenzhen Baiwei Storage Technology Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, with Huatai International as the exclusive sponsor [1] Group 2 - The listing application indicates the company's intention to raise capital and expand its operations in the storage technology sector [1] - The involvement of Huatai International as the exclusive sponsor suggests a strategic partnership that may enhance the company's market positioning [1] - This move reflects the growing interest in technology companies seeking public listings in Hong Kong, highlighting the region's appeal for tech firms [1]

Group 1 - Shenzhen Baiwei Storage Technology Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange [1] - Huatai International is the exclusive sponsor for the listing [1]

Core Viewpoint - The storage chip sector experienced a decline in stock prices, with several companies showing significant drops in early trading on October 28. Group 1: Stock Performance - Puran股份 fell over 8% [1] - 香农芯创 and 江波龙 both dropped over 6% [1] - 德明利, 北京君正, and 佰维存储 also opened lower [1]