证券代码：688525 证券简称：佰维存储 深圳佰维存储科技股份有限公司 2025 年第三次临时股东会会议资料 2025 年 10 月 9 日 深圳佰维存储科技股份有限公司 2025年第三次临时股东会会议资料 1 深圳佰维存储科技股份有限公司 2025年第三次临时股东会会议资料 | | | | 2025 年第三次临时股东会会议须知 3 | | --- | | 2025 年第三次临时股东会会议议程 5 | | 2025 年第三次临时股东会会议议案 8 | | 议案一：《关于公司发行 H 股股票并在香港联合交易所有限公司上市的议案》8 | | 议案二：《关于公司发行 H 股股票并在香港联合交易所有限公司上市方案的议 | | 案》 9 | | 议案三：《关于公司转为境外募集股份有限公司的议案》 13 | | 议案四：《关于公司发行 股股票并在香港联合交易所有限公司上市决议有效 H | | 期的议案》 14 | | 议案五：《关于公司发行 股股票募集资金使用计划的议案》 H 15 | | 议案六：《关于发行 H 股股票并在香港联合交易所有限公司上市前滚存利润分 | | 配方案的议案》 16 | | 议案七：《关于变更 ...

Core Viewpoint - The storage market appears to be recovering after years of adjustment, raising questions about whether the recent stock price increases of related A-share companies are due to cyclical trends or genuine improvements in their profitability [1][2]. Group 1: Market Performance - Since September 4 to September 25, the stock prices of Demingli (001309.SZ) and Jiangbolong (301308.SZ) surged from approximately 86 CNY per share to about 177 CNY and 144 CNY respectively, reaching historical highs [2]. - International storage giant SanDisk announced a price increase of over 10% for some products, igniting industry-wide price hike expectations [2]. - Morgan Stanley's report suggests that NAND Flash prices may continue to rise into Q4 2025 and persist into 2026, indicating a potential market recovery [2]. Group 2: Financial Performance of Major Players - Micron's Q4 2025 revenue reached $11.32 billion, a 46% year-on-year increase, with net profit soaring 158% to $3.47 billion [4]. - For the entire 2025 fiscal year, Micron's revenue hit a record $37.4 billion, up nearly 50% [4]. - Micron's revenue from high-value segments like HBM and server DRAM reached $10 billion, five times that of the previous fiscal year, driven by demand from AI servers [5][6]. Group 3: Domestic Manufacturers' Challenges - Domestic storage manufacturers like Baiwei Storage and Demingli reported negative net profits in the first half of 2025, reflecting the lingering effects of the previous downturn [9]. - The traditional business model of these companies, which relies on purchasing storage wafers from international suppliers, limits profit margins and exposes them to inventory losses during price declines [9][10]. - Domestic firms are shifting focus to develop their own controller chips to capture higher value in the supply chain [10]. Group 4: Technological Advancements and Market Strategy - Jiangbolong has shipped over 80 million self-developed controller chips, while Baiwei Storage has successfully mass-produced its first domestic eMMC controller chip [10]. - Domestic manufacturers are investing in advanced packaging technologies to enhance production capabilities and profitability [12]. - The shift towards enterprise markets, such as data centers and AI servers, is expected to yield higher profit margins compared to traditional consumer markets [13][14]. Group 5: Investment and Future Outlook - Baiwei Storage raised 1.871 billion CNY for expanding its advanced packaging and manufacturing facilities, indicating a strategic shift towards higher-value manufacturing [12]. - Jiangbolong's enterprise storage business revenue reached 693 million CNY in the first half of 2025, a 138.66% increase, reflecting successful penetration into the enterprise market [14]. - The strong performance of storage concept stocks in the A-share market may reflect capital market's dynamic pricing of these companies' new growth narratives [14].

格隆汇9月26日丨力源信息(300184.SZ)在投资者互动平台表示，公司代理的存储产品线涵盖兆易创新、 铠侠、江波龙、长鑫存储、海康、恒烁、天勤、佰维存储、武汉新芯等知名品牌。 ...

Core Viewpoint - The financing balance of the Sci-Tech Innovation Board increased by 1.018 billion yuan compared to the previous day, with 98 stocks seeing an increase of over 10 million yuan in financing balance, led by Haiguang Information, Baiwei Storage, and Jingzhida [1][2]. Financing Balance Summary - As of September 25, the total margin financing balance of the Sci-Tech Innovation Board reached 252.864 billion yuan, an increase of 1.004 billion yuan from the previous trading day, marking four consecutive days of increase [1]. - Among the stocks on the Sci-Tech Innovation Board, 474 had a financing balance exceeding 100 million yuan, with 39 stocks having a balance over 1 billion yuan, and 86 stocks between 50 million and 100 million yuan [1]. - A total of 299 stocks saw an increase in financing balance compared to the previous day, with 98 stocks having a net financing inflow exceeding 10 million yuan [1]. Top Stocks by Financing Net Inflow - Haiguang Information had the highest net financing inflow, with a latest financing balance of 9.288 billion yuan, an increase of 709 million yuan, and a daily increase of 3.09% [2]. - Other notable stocks with significant net inflows included Baiwei Storage and Jingzhida, with net inflows of 111 million yuan and 103 million yuan, respectively [2]. - The average daily increase for stocks with net inflows exceeding 10 million yuan was 0.05%, with notable gainers including Pinming Technology, Diweier, and Canxin Co., which rose by 20.01%, 11.59%, and 10.93%, respectively [2]. Industry Preferences - The most favored industries by financing clients on the Sci-Tech Innovation Board included electronics, machinery equipment, and pharmaceutical biology, with 47, 12, and 11 stocks respectively [2]. - The average ratio of financing balance to market capitalization for stocks with significant net inflows was 4.55%, with the highest ratio seen in Xianfeng Jingke at 10.86% [2].

Core Viewpoint - The storage chip sector in the A-share market has shown strong performance despite increased volatility in the overall market, driven by price hikes from international giants and positive forecasts for NAND Flash prices [2][3]. Group 1: Market Performance - From September 4 to September 25, the stock prices of Demingli (001309.SZ) and Jiangbolong (301308.SZ) surged from approximately 86 yuan to 177 yuan and 144 yuan respectively, reaching historical highs [2]. - The price increase expectations were ignited by SanDisk's announcement of a price hike of over 10% for some products, marking the second price increase this year [2]. - Morgan Stanley's report suggests that NAND Flash prices may continue to rise into Q4 2025 and persist into 2026, with CFM forecasting a comprehensive price increase in the storage market during that period [2]. Group 2: Financial Performance of Major Players - Micron's Q4 2025 revenue reached $11.32 billion, a 46% year-on-year increase, with net profit soaring 158% to $3.47 billion [3]. - For the entire fiscal year 2025, Micron's revenue hit a record $37.4 billion, up nearly 50% year-on-year, primarily driven by demand from data centers and AI servers [3]. - Micron's high-value business segments, including HBM and high-capacity DIMM, generated $10 billion in revenue, five times that of the previous fiscal year [3][4]. Group 3: Domestic Manufacturers' Challenges and Strategies - Domestic storage manufacturers like Baiwei Storage and Demingli reported negative net profits in the first half of 2025, reflecting the lingering effects of the previous downturn [6]. - The traditional business model of relying on purchasing storage wafers from international suppliers has limited profit margins for domestic firms [6]. - Domestic manufacturers are shifting focus towards upstream technology to capture higher value, particularly through the development of proprietary controller chips [6][7]. Group 4: Technological Advancements - Jiangbolong has shipped over 80 million units of its self-developed controller chips, with its UFS 4.1 products outperforming market standards [7]. - Baiwei Storage has successfully mass-produced its first domestic eMMC controller chip and is developing UFS controller chips, expected to be ready for production in 2025 [7]. - Demingli has also achieved mass production of its SATA SSD controller chip, which is the first in China to utilize RISC-V architecture [7]. Group 5: Investment and Market Expansion - Baiwei Storage raised 1.871 billion yuan for expanding its advanced packaging and manufacturing facilities, indicating a strategic shift towards higher-value manufacturing [9]. - Domestic firms are targeting enterprise markets, such as data centers and AI servers, where profit margins are higher and customers prioritize reliability over price [10]. - Jiangbolong's enterprise storage revenue reached 693 million yuan in the first half of 2025, a 138.66% increase, while Baiwei Storage has secured core supplier status with major AI server manufacturers [10].

Group 1 - The core transaction on September 25 involved a block trade of 200,000 shares of Dameng Data, with a transaction value of 43 million yuan, at a price of 215 yuan per share, representing a discount of 20.37% compared to the closing price of the day [2][4] - In the last three months, Dameng Data has recorded a total of 41 block trades, with a cumulative transaction value of 1.317 billion yuan [3] - The closing price of Dameng Data on the day of the transaction was 270 yuan, reflecting an increase of 1.89%, with a turnover rate of 2.40% and a total trading volume of 475 million yuan [3] Group 2 - The latest margin financing balance for Dameng Data is 843 million yuan, which has decreased by 50.51 million yuan over the past five days, representing a decline of 5.65% [4] - The company, Wuhan Dameng Database Co., Ltd., was established on November 13, 2000, with a registered capital of 113.24 million yuan [4]

Core Viewpoint - Company Bawei Storage (688525.SH) plans to issue H-shares and list on the Hong Kong Stock Exchange to enhance its global strategy and brand image, pending regulatory approvals [1] Financial Performance - For the first half of 2025, the company reported revenue of 3.912 billion yuan, a year-on-year increase of 13.70%, but a net loss attributable to shareholders of 226 million yuan compared to a profit of 283 million yuan in the same period last year [2] - The net profit attributable to shareholders for 2023 and 2024 is projected to be -624 million yuan and 161 million yuan, respectively, with adjusted net profits also showing negative figures for 2023 and 2024 [2] - In 2024, the company achieved a revenue of approximately 6.695 billion yuan, an increase of 86.46% compared to 2023, with a net profit of approximately 161 million yuan, recovering from a loss in the previous year [3] Fundraising and Use of Proceeds - The company raised approximately 602 million yuan in its initial public offering, with net proceeds of about 522 million yuan, intended for projects including advanced packaging and storage manufacturing base construction [4] - In 2025, the company was approved to issue 30,025,284 A-shares at a price of 63.28 yuan per share, raising nearly 1.9 billion yuan, with net proceeds after expenses amounting to approximately 1.87 billion yuan [5] - The total amount raised from the two fundraising activities is approximately 2.5 billion yuan [6]

Group 1 - The semiconductor sector opened lower on September 25, with several companies experiencing significant declines [1] - Companies such as Deminli, Jiangbolong, Baiwei Storage, Jingyi Equipment, and Shengmei Shanghai all fell by over 3% [1]

Core Viewpoint - The company Bawei Storage announced the issuance of restricted shares for specific investors, with a total of 30,025,284 shares set to be listed for circulation on October 13, 2025 [1] Group 1 - The type of stock listing is for shares issued to specific investors [1] - The subscription method for the shares is offline [1] - The total number of shares to be listed for circulation is 30,025,284 [1] - The listing date for the shares is set for October 13, 2025 [1]

证券代码：688525 证券简称：佰维存储 公告编号：2025-075 深圳佰维存储科技股份有限公司 关于向特定对象发行股票限售股上市流通的公告 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、准确性和完整性依法承担法律责任。 重要内容提示： 本次股票上市流通日期为2025 年 10 月 13 日。 本次股票上市类型为向特定对象发行股份；股票认购方式为网下，上 市股数为30,025,284股。 本次股票上市流通总数为30,025,284股。 2025 年 8 月 20 日，公司完成了 2023 年限制性股票激励计划第二个归属期（第 一批次）、2024 年限制性股票激励计划首次授予第一个归属期（第一批次）及预留 授予第一个归属期的股份登记工作，本次限制性股票归属后，公司股本总数 461,265,626 股增加至 466,708,301 股。具体内容详见公司于 2025 年 8 月 22 日刊登 在上海证券交易所网站的《关于 2023 年限制性股票激励计划第二个归属期（第一 批次）、2024 年限制性股票激励计划首次授予第一个归属期（第一批次）及预留 授予第一 ...