证券代码：688525 证券简称：佰维存储 公告编号：2026-019 深圳佰维存储科技股份有限公司 2025 年度募集资金存放、管理与实际使用情况的专项 报告 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。 一、募集资金基本情况 （一）首次公开发行股票募集资金情况 1、实际募集资金金额和资金到账时间 根据中国证券监督管理委员会《关于同意深圳佰维存储科技股份有限公司首 次公开发行股票注册的批复》（证监许可〔2022〕2860号），深圳佰维存储科技 股份有限公司（以下简称"公司"）首次公开发行人民币普通股（A股）股票 4,303.2914万股，发行价为每股人民币13.99元，共计募集资金60,203.05万元，坐 扣承销和保荐费用4,997.26万元后的募集资金为55,205.79万元，已由原保荐人中 信证券股份有限公司（以下简称"中信证券"）于2022年12月27日汇入公司募集资 金监管账户。另减除上网发行费、招股说明书印刷费、申报会计师费、律师费、 评估费等与发行权益性证券直接相关的新增外部费用2,939.77万元，公司本次 ...

深圳佰维存储科技股份有限公司 Biwin Storage Technology Co., Ltd. 目录 CONTENTS 报告编制说明 编制依据 报告范围 报告时间 数据说明 发布形式 词语释义 董事长致辞 走进佰维存储 议题重要性评估 可持续发展治理 | 01 | 环境篇 | 02 | 社会篇 | 03 | 治理篇 | | --- | --- | --- | --- | --- | --- | | 应对气候变化 | 12 | 以人为本 | 22 | 稳健治理 | 59 | | 环境合规管理 | 14 | 产品和服务安全与质量 | 35 | 股东权益保护 | 63 | | 污染物及废弃物排放 | 17 | 数据隐私保护 | 41 | 合规与风险管理 | 66 | | 能源利用 | 19 | 研发创新 | 43 | 党建引领 | 67 | | 水资源利用 | 19 | 科技伦理 | 50 | | | | 绿色运营与循环经济 | 20 | 合作共赢 | 50 | | | | 生态与生物多样性保护 | 20 | 社会贡献 | 57 | | | | ESG数据表 04 | 68 | 05 | 对标索引表 69 | ...

深圳佰维存储科技股份有限公司 经核查公司独立董事谭立峰、戚瑾、孙广宇任职经历及其签署的相关自查文 件，公司在任独立董事均未在公司担任除独立董事以外的任何职务，也未在公司 主要股东单位担任任何职务。独立董事与公司及公司主要股东之间不存在利害关 系或其他可能妨碍其进行独立客观判断的关系。因此，公司董事会认为，公司在 任的独立董事符合《上市公司独立董事管理办法》《上海证券交易所科创板股票 上市规则》《上海证券交易所科创板上市公司自律监管指引第 1 号——规范运作》 等规定中对独立董事独立性的相关要求。 董事会对独立董事独立性自查情况的专项意见 根据《上市公司独立董事管理办法》《上海证券交易所科创板股票上市规则》 《上海证券交易所科创板上市公司自律监管指引第 1 号——规范运作》等规定， 深圳佰维存储科技股份有限公司（以下简称"公司"）董事会就公司在任的独立 董事谭立峰、戚瑾、孙广宇的独立性情况进行评估并出具如下专项意见： 深圳佰维存储科技股份有限公司董事会 2026 年 3 月 19 日 ...

证券代码：688525 证券简称：佰维存储 公告编号：2026-018 深圳佰维存储科技股份有限公司 第四届董事会第十一次会议决议公告 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。 一、 董事会会议召开情况 根据《中华人民共和国公司法》及《深圳佰维存储科技股份有限公司章程》 （以下简称《公司章程》）有关规定，深圳佰维存储科技股份有限公司（以下简 称"公司"）第四届董事会第十一次会议于 2026 年 3 月 8 日以电子邮件发出会议 通知，会议于 2026 年 3 月 19 日在公司会议室以现场结合通讯方式召开，本次会 议由董事长孙成思先生主持，会议应到董事 9 人，实到董事 9 人，本次会议的召 集、召开符合法律法规和《公司章程》的规定。 二、 董事会会议审议情况 经全体与会董事认真审议和表决，形成以下决议： （一）审议通过《关于 2025 年年度报告及其摘要的议案》 本议案在呈交董事会审议前已经公司审计委员会审议通过。 公司 2025 年年度报告及其摘要的编制和审议程序符合法律法规、《公司章 程》和公司内部管理制度的各 ...

本次激励计划拟归属的 10 名激励对象符合《公司法》《证券法》等法律、 法规和规范性文件以及《公司章程》规定的任职资格，符合《管理办法》《上 市规则》等法律、法规和规范性文件规定的激励对象条件，符合本次激励计划 规定的激励对象范围，其作为公司本次限制性股票激励计划激励对象的主体资 格合法、有效，激励对象获授限制性股票的归属条件已成就。 董事会薪酬与考核委员会同意本次符合条件的 10 名激励对象办理归属，对 应限制性股票的归属数量为 370.50 万股。上述事项符合相关法律、法规及规范 性文件所规定的条件，不存在损害公司及股东利益的情形。 深圳佰维存储科技股份有限公司 董事会薪酬与考核委员会 2026 年 3 月 18 日 深圳佰维存储科技股份有限公司董事会薪酬与考核委员会 关于 2024 年限制性股票激励计划首次授予 第二个归属期归属名单的核查意见 深圳佰维存储科技股份有限公司（以下简称"公司"）董事会薪酬与考核委 员会依据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民 共和国证券法》（以下简称"《证券法》"）、《上市公司股权激励管理办法》 （以下简称"《管理办法》"）、《上海证券交易所科创板 ...

深圳佰维存储科技股份有限公司（以下简称"公司"）本次利润分配 预案的实施不会触及《上海证券交易所科创板股票上市规则》（以下简称《科创 板股票上市规则》）第 12.9.1 条第一款第（八）项规定的可能被实施其他风险警 示的情形。 本次利润分配预案已经公司第四届董事会第十一次会议审议通过，尚 需提交公司 2025 年年度股东会审议。 证券代码：688525 证券简称：佰维存储 公告编号：2026-020 深圳佰维存储科技股份有限公司 2025 年年度利润分配预案的公告 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： 分配比例：A 股每 10 股派发现金红利 2.1410 元（含税），不送红股， 不进行资本公积转增股本。 本次利润分配预案以实施权益分派股权登记日登记的总股本为基数分 配利润，具体日期将在权益分派实施公告中明确。在实施权益分派股权登记日前 公司总股本发生变动的，公司拟维持每股分配金额不变，相应调整分配总额，并 另行公告具体调整情况。 一、 利润分配方案内容 （一）利润分配方案的具体内容 经天健会计师 ...

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB, representing a year-over-year growth of 25%[16]. - The company achieved a significant revenue increase of 68.82%, reaching approximately CNY 11.30 billion in 2025, compared to CNY 6.70 billion in 2024[26]. - Total profit surged by 465.47% to CNY 931.77 million in 2025, up from CNY 164.78 million in 2024[24]. - Net profit attributable to shareholders rose by 429.07% to CNY 853.04 million in 2025, compared to CNY 161.23 million in 2024[24]. - Basic earnings per share increased by 405.41% to CNY 1.87 in 2025, up from CNY 0.37 in 2024[25]. - The company plans to achieve a net profit of CNY 110,694.04 million in 2025, an increase of 121.70% compared to the previous year, after excluding share-based payment expenses[136]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of 2.1410 CNY per 10 shares, totaling approximately 100,012,899.11 CNY (including tax) based on a total share capital of 467,131,710 shares as of February 28, 2026[5]. - The board of directors has approved the profit distribution plan, pending approval from the annual shareholders' meeting[5]. Research and Development - The company is investing in R&D, allocating 10% of its revenue towards the development of new technologies and products[16]. - The company invested CNY 632.38 million in R&D in 2025, marking a 41.34% increase year-on-year[26]. - R&D expenses for 2025 are expected to be CNY 63,238.08 million, a year-on-year increase of 41.34%, with R&D personnel constituting 44.25% of the total workforce[139]. - The company has increased its R&D personnel to 1,262, which accounts for 44.25% of the total workforce, an increase of 364 personnel compared to the previous year[178]. Market Expansion and Strategic Plans - The company has outlined its future plans and strategic developments, although these do not constitute binding commitments to investors[7]. - Market expansion plans include entering two new international markets by the end of the year, targeting a 10% increase in market share[16]. - The company is considering strategic acquisitions to enhance its product offerings and market presence, with a budget of 500 million RMB for potential deals[16]. Risk Management - The company has detailed various operational risks and corresponding mitigation strategies in the report, emphasizing the importance of risk management[4]. - The company has a comprehensive risk factors section in the management discussion, highlighting potential challenges ahead[4]. - The company faces risks related to the potential leakage of core technologies, which could affect its sustainable operations[192]. - The semiconductor storage industry is subject to rapid technological changes, and any misalignment in R&D direction could lead to significant performance impacts[193]. Governance and Compliance - The audit report issued by Tianjian Accounting Firm confirms the financial statements are free from material misstatements, ensuring transparency and reliability[5]. - The company maintains a strong governance structure, with all directors present at the board meeting, ensuring effective oversight[5]. - There are no non-operational fund occupations by controlling shareholders or related parties, ensuring proper governance[8]. Product Development and Innovation - The company has developed a full range of semiconductor storage solutions, including DRAM, NAND Flash, and multi-chip packaging (MCP) solutions, to meet the growing demand for data storage in various applications[42]. - The company has successfully mass-produced its first domestically developed eMMC controller (SP1800), which has been delivered to multiple clients and is recognized for its performance and power optimization[140]. - The company has developed advanced algorithms for data reliability and security, including 4K LDPC and SRAM ECC, enhancing the performance and reliability of its storage solutions[163]. Supply Chain and Procurement - The company has established long-term stable partnerships with major storage wafer manufacturers to ensure a continuous supply of storage wafers[89]. - The company employs a flexible procurement strategy for storage wafers and chips based on production needs and market trends[90]. - The company maintains long-term partnerships with major NAND and DRAM suppliers, ensuring stable supply of key materials to support business growth[157]. Awards and Recognition - The company’s Mini SSD was recognized as one of TIME magazine's "Best Inventions of the Year" for 2025, marking it as the only storage product on the list[145]. - The company received multiple prestigious awards, including the "2025 Annual Solid State Drive Enterprise Gold Award" at the DOIT Global Flash Summit, highlighting its innovation in enterprise storage solutions[146]. Customer Base and Market Demand - User data indicates a growing customer base, with active users increasing by 15% to reach 5 million[16]. - The company has established a strong market presence by serving leading global clients such as Meta, Google, and Xiaomi, enhancing its competitive edge in various verticals[154]. - The global storage market is projected to reach $235.4 billion by 2025, with a year-on-year growth of 45.7%[94].

Market Overview - A-shares experienced a collective decline on March 19, with the Shanghai Composite Index down by 1.39%, the Shenzhen Component Index down by 2.02%, and the ChiNext Index down by 1.11% [3][4] - Nearly 5000 stocks in the market saw a drop [3] Sector Performance - The energy metals sector faced significant adjustments, with Weiling Co. hitting the daily limit down, and Yongxing Materials dropping over 8% [5] - Other notable declines included Huayou Cobalt and Shengxin Lithium Energy, both down over 6% [5][6] Top Gainers and Losers - The oil and gas sector showed strength, with Blue Flame Holdings hitting the daily limit up and Shouhua Gas rising over 13% [8] - In contrast, precious metals, energy metals, and chemical fiber sectors experienced declines [7] Capital Flow - Main capital inflows were observed in public utilities, computers, and communications sectors, while there were outflows from electronics, basic chemicals, and defense industries [10] - Specific stocks with net inflows included Jiuan Medical, Zhongyou Capital, and Jinkai New Energy, attracting 2.326 billion, 2.099 billion, and 1.894 billion respectively [11] - Conversely, stocks like Baiwei Storage, Shenghong Technology, and Zhongji Xuchuang faced net outflows of 1.864 billion, 1.755 billion, and 1.397 billion respectively [12] Institutional Insights - CITIC Securities predicts that profits for leading oil transportation companies may reach new highs in 2026 [13] - Huatai Securities suggests that 2026 could be a pivotal year for the green hydrogen industry [14] - CICC anticipates that the Federal Reserve may maintain interest rates in the first half of the year, with a potential delay in rate cuts until the second half [15]

Core Insights - The storage industry chain is a critical pillar of the semiconductor industry, supporting various high-growth sectors such as AI servers, automotive electronics, industrial control, IoT, and cloud computing [1] - The domestic storage industry chain is experiencing a surge in orders across leading enterprises, with many companies seeing order volumes exceeding 10 billion, indicating a strong growth trajectory and a rapid pace of domestic substitution [1] Company Summaries Giantec (聚辰股份) - Founded in 2009, Giantec specializes in non-volatile storage chips and mixed-signal chips, with a global customer base [2] - Core products include DDR5 SPD chips and EEPROM chips, with a focus on high reliability for automotive and industrial applications [3] - Holds over 40% global market share in DDR5 SPD chips and ranks first in the domestic EEPROM market, benefiting from the AI server upgrade cycle with orders extending to Q1 2027 [4] Dosilicon (东芯股份) - Established in 2014, Dosilicon focuses on small to medium capacity storage chips, providing comprehensive solutions including NAND, NOR, and DRAM [5] - Main products include SLC NAND and SPI NOR Flash chips, with a complete range of automotive-grade certifications [6] - Holds over 30% market share in domestic SLC NAND, with orders extending to the end of 2026, driven by surging demand in industrial and automotive sectors [8] Ingenic (北京君正) - Founded in 2005, Ingenic is a leader in CPU and storage chips, with a strong focus on high-performance, low-power solutions for smart hardware and automotive electronics [9] - Key products include automotive-grade SRAM and DRAM chips, all meeting stringent automotive standards [10] - Holds approximately 29% global market share in automotive SRAM, with a strong order pipeline extending to the end of 2026 [11] Biwin (佰维存储) - Established in 2010, Biwin integrates R&D, packaging, testing, and sales of storage solutions, focusing on AI and embedded storage [12] - Core products include embedded storage and consumer-grade SSDs, with the ePOP module leading the global market [13] - Positioned as a leader in AI storage, with orders extending to Q1 2026, benefiting from the rapid adoption of AI devices [14] TFME (通富微电) - Founded in 1994, TFME is a leading integrated circuit packaging and testing company, providing a one-stop service from design to testing [15] - Core business includes packaging and testing for storage chips and AI accelerators, with advanced packaging technologies in mass production [17] - As a key partner for AMD, the company has a robust order pipeline extending through 2026, driven by high demand for advanced packaging [18] JCET (长电科技) - Established in 1972, JCET is a global leader in integrated circuit manufacturing and services, focusing on advanced packaging for storage chips [19] - Key products include HBM3 packaging with a high yield rate of 98.5%, serving major storage companies [20] - Orders extend to Q2 2028, benefiting from the surge in AI computing and advanced packaging demand [21] Naura (北方华创) - Founded in 2001, Naura specializes in semiconductor equipment, covering 80% of the front-end process equipment [22] - Core products include etching and deposition equipment, with significant involvement in domestic storage wafer expansion [23] - Orders extend to 2027, driven by the acceleration of domestic equipment substitution [24] Longsys (江波龙) - Established in 1999, Longsys is a leading semiconductor storage brand, focusing on enterprise, industrial, and consumer storage solutions [25] - Core products include enterprise-grade NVMe SSDs and DDR5 RDIMM modules, catering to AI server demands [26] - Orders extend to the end of 2026, supported by strong demand from domestic cloud service providers [27] Montage (澜起科技) - Montage is a leading data processing and interconnect chip design company, focusing on memory interface chips [28] - Core products include memory interface solutions from DDR2 to DDR5, with a strong market position in AI server applications [29] - Orders extend to Q1 2027, benefiting from the AI computing boom [30] GigaDevice (兆易创新) - Founded in 2005, GigaDevice is a top player in storage chip design, with a focus on NOR Flash and niche DRAM [31] - Core products include NOR Flash with approximately 19% global market share, and a strong presence in automotive and industrial storage [33] - Orders extend to the end of 2026, supported by the growing demand for AI servers and IoT devices [34]

Core Viewpoint - The storage chip sector in A-shares has experienced a collective surge due to price hikes announced by domestic cloud computing giants and potential exacerbation of the "storage shortage" from Samsung's strike [3][4]. Group 1: Market Performance - As of March 18, 2026, stocks such as Fudan Microelectronics (688385.SH) and Guoke Micro (300672.SZ) hit the daily limit, while Baiwei Storage (688525.SH) and Demingli (001309.SZ) rose by 9.46% and 5.65% respectively, reaching historical highs [3]. - The China Securities Chip Industry Index increased by 2.56%, and the Shanghai Stock Exchange Sci-Tech Innovation Board Chip Design Theme Index rose by 2.17% [3]. - The total trading volume of 27 chip-related ETFs exceeded 5.1 billion yuan, with seven ETFs surpassing 100 million yuan in trading volume [3]. Group 2: Supply Chain Dynamics - Samsung Electronics, holding a 43% market share in the storage chip market and 60% in DRAM products, is facing potential production disruptions due to a planned strike from May 21 to June 7, 2026 [4]. - The fluctuation in Samsung's production capacity is expected to impact the supply chain rhythm for consumer electronics, servers, and AI hardware, particularly affecting DRAM and NAND flash chip production [4]. Group 3: Investment Trends - In the past week, 27 chip ETFs saw a net inflow of over 1.3 billion yuan, with most ETFs experiencing net inflows, except for one [4]. - Year-to-date, the total net inflow for these ETFs reached 1.94 billion yuan, with the E Fund Sci-Tech Innovation Board Chip ETF leading with a net inflow of 2.06 billion yuan [5]. Group 4: Industry Outlook - The storage chip industry is entering a super cycle driven by AI, with expectations of sustained price increases as domestic manufacturers follow suit with price hikes [8]. - The demand for HBM (High Bandwidth Memory) is particularly acute, with predictions that global AI server chip sales will reach 169 billion dollars in 2026, a 55% year-on-year increase [8]. - UBS forecasts a structural reset in the net asset return rate (ROE) for the storage industry, predicting an average ROE of 36% for major players like Samsung, SK Hynix, and Micron from 2026 to 2030 [9].