Core Insights - The semiconductor industry is experiencing significant performance differentiation as over 50 listed companies release their 2025 earnings forecasts, with some companies thriving while others struggle [1] IC Design - The IC design sector shows stark performance disparities, with digital chip companies experiencing both high revenue growth and losses, while the analog chip segment continues to see performance divergence [2] - Notable companies include: - Moer Technology: Expected revenue of 1.45 billion to 1.52 billion yuan, a growth of 230.70% to 246.67%, but a net loss of 1.04 billion to 1.15 billion yuan [3] - Longxin Zhongke: Expected revenue of 635 million yuan, with a net loss of approximately 449 million yuan [4] - Jingjia Micro: Revenue forecast of 650 million to 850 million yuan, with a net loss of 120 million to 180 million yuan [4] CPU and GPU Companies - Moer Technology's revenue is projected to grow significantly, with a continuous high growth trend despite ongoing losses, attributed to the rapid penetration of domestic GPUs in AI training and inference scenarios [5][6] - Longxin Zhongke and Jingjia Micro also show reduced losses, indicating a trend of narrowing losses in the sector [4][5] MCU, SoC, and CIS Companies - Companies in the MCU, SoC, and CIS segments are showing stable growth, with some achieving significant profit increases: - Zhongke Blue Communication: Expected revenue of 1.83 billion to 1.85 billion yuan, with a slight decline in net profit [7] - Ruixin Micro: Revenue forecast of 4.387 billion to 4.427 billion yuan, with net profit growth of 71.97% to 85.42% [7] - Allwinner Technology: Expected net profit growth of 50.53% to 76.92% [7] Storage Chip Companies - The storage chip industry is entering a "super cycle," with all companies reporting high growth, driven by rising DRAM and NAND prices and increased demand from AI servers: - Baiwei Storage: Expected revenue of 10 billion to 12 billion yuan, with net profit growth of 427.19% to 520.22% [10] - Demingli: Revenue forecast of 10.3 billion to 11.3 billion yuan, with net profit growth of 85.42% to 128.21% [11] - The storage market is experiencing a "super bull market," with prices expected to rise further in 2026 [11][12] Analog Chip Companies - The analog chip sector is witnessing a recovery, with some companies turning profitable: - Sirepu: Expected revenue of 2.13 billion to 2.15 billion yuan, with a return to profitability [13] - Awei Electronics: Expected net profit growth of 17.7% to 29.47% [13] - However, companies focused on consumer electronics are facing challenges due to market downturns [14] Semiconductor Equipment and Testing - The semiconductor equipment and testing sectors are benefiting from the AI computing revolution, with significant growth in earnings: - Chip equipment companies are seeing increased demand due to domestic wafer plant expansions [16] - Tongfu Microelectronics: Expected net profit of 1.1 billion to 1.35 billion yuan, with growth of 62.34% to 99.24% [17] - The storage chip industry is also experiencing a price increase, impacting the testing segment positively [17]

Core Viewpoint - The company has established a strong competitive position in the AI edge storage market, with its ePOP series products being utilized by several prominent companies in the AI/AR glasses and smart wearable devices sector [1] Group 1: Product Applications - The company's ePOP series products are currently being used by major companies such as Meta, Google, Xiaomi, Alibaba, and others in their AI/AR glasses and smartwatches [1] - The company is actively expanding its customer base in the AI glasses segment [1]

Core Insights - A total of 152 companies on the Sci-Tech Innovation Board have issued performance forecasts for 2025, with 48 companies expecting losses, 41 expecting profit increases, 36 expecting reduced losses, 16 expecting profit declines, and 11 expecting profits [1][6][7]. Performance Forecast Summary - Among the companies forecasting performance, 41 are expecting profit increases and 11 are expecting profits, resulting in a total of 34.21% of companies reporting positive forecasts [6][7]. - There are 26 companies expecting a net profit increase of over 100%, while 19 companies expect a net profit increase between 50% and 100% [7]. - Shanghai Yizhong is projected to have the highest net profit increase at 831.86%, followed by Baiwei Storage at 473.71% and Fumiao Technology at 441.60% [7][8]. Industry Analysis - The companies expecting a net profit increase of over 50% are primarily concentrated in the electronics, machinery equipment, and pharmaceutical biotechnology sectors, with 15, 9, and 7 companies respectively [7][8]. - The average increase in stock prices for high-growth companies on the Sci-Tech Innovation Board this year is 18.78%, with Baiwei Storage showing the highest increase of 57.33% [7]. Capital Flow Insights - In terms of capital flow, the stocks with significant net inflows over the past five days include Lankai Technology, Sitwei, and Zhongwei Semiconductor, with net inflows of 490 million, 164 million, and 153 million respectively [2][7]. - Conversely, Baiwei Storage, Dingtong Technology, and Qiangyi Co. experienced significant net outflows, with amounts of 2.245 billion, 271 million, and 195 million respectively [2][7].

（文章来源：证券日报） 证券日报网讯 1月26日，佰维存储发布公告称，公司已完成注册资本的工商变更登记，注册资本由 466708301元变更为467131710元，股份总数由466708301股变更为467131710股。 ...

Core Viewpoint - The article discusses the anticipated price increases in NAND flash memory and DRAM products due to rising raw material costs, with predictions of significant price hikes in the first quarter of 2026 [3][4]. Price Predictions - Samsung Electronics is expected to raise NAND flash supply prices by over 100% in Q1 2026, although some analysts predict the increase may be around 50% [3][5]. - TrendForce forecasts a price increase of 33% to 38% for NAND flash products and 55% to 60% for general DRAM products in the first quarter [3]. Supply Chain Dynamics - The supply of storage materials is reported to be very tight, with upstream material prices expected to rise by approximately 40% to 50% [4][6]. - The demand for storage chips is primarily driven by AI computing centers, which may lead to prolonged price increases due to supply-demand imbalances [6]. Financial Performance of Storage Companies - Several A-share storage companies have reported significant profit increases due to rising storage prices, with Bawei Storage expecting revenue of 10 billion to 12 billion yuan, a year-on-year increase of 49.36% to 79.23% [7]. - Demingli anticipates revenue of 10.3 billion to 11.3 billion yuan, reflecting a year-on-year growth of 115.82% to 136.77% [7]. Impact on Consumer Electronics - The rising costs of storage materials are expected to pressure downstream manufacturers, potentially leading to reduced purchasing willingness among consumers [7]. - The average prices of high-end and mid-range laptops have increased by 500 to 800 yuan and 400 to 500 yuan, respectively, due to rising storage costs [7]. - Global shipments of major consumer electronics, including TVs, smartphones, and laptops, are projected to decline by 4% year-on-year due to these price increases [7].

深圳佰维存储科技股份有限公司 二〇二六年一月 章程 | 第一章 | 总则 2 | | | --- | --- | --- | | 第二章 | 经营宗旨和范围 3 | | | 第三章 | 股份 3 | | | 第一节 | 股份发行 | 3 | | 第二节 | 股份增减和回购 | 5 | | 第三节 | 股份转让 | 6 | | 第四章 | 股东和股东会 | 7 | | 第一节 | 股东的一般规定 | 7 | | 第二节 | 控股股东和实际控制人 | 9 | | 第三节 | 股东会的一般规定 | 11 | | 第四节 | 股东会的召集 | 13 | | 第五节 | 股东会的提案与通知 | 14 | | 第六节 | 股东会的召开 | 15 | | 第七节 | 股东会的表决和决议 | 18 | | 第五章 | 董事和董事会 | 23 | | 第一节 | 董事的一般规定 | 23 | | 第二节 | 董事会 | 26 | | 第三节 | 独立董事 | 30 | | 第四节 | 董事会专门委员会 | 33 | | 第六章 | 高级管理人员 | 34 | | 第七章 | 财务会计制度、利润分配和审计 | 36 | | 第一 ...

深圳佰维存储科技股份有限公司 独立董事提名人声明与承诺 提名人孙成思，现提名孙广宇为深圳佰维存储科技股份有限 公司第四届董事会独立董事候选人，并已充分了解被提名人职业、 学历、职称、详细的工作经历、全部兼职、有无重大失信等不良 记录等情况。被提名人已书面同意出任深圳佰维存储科技股份有 限公司第四届董事会独立董事候选人（参见该独立董事候选人声 明）。提名人认为，被提名人具备独立董事任职资格，与深圳佰 维存储科技股份有限公司之间不存在任何影响其独立性的关系， 具体声明并承诺如下： 二、被提名人任职资格符合下列法律、行政法规和部门规章 的要求： （一）《中华人民共和国公司法》等关于董事任职资格的规 定； （二）《中华人民共和国公务员法》关于公务员兼任职务的 规定（如适用）； （三）中国证监会《上市公司独立董事管理办法》、上海证 券交易所自律监管规则以及公司章程有关独立董事任职资格和 －1－ 一、被提名人具备上市公司运作的基本知识，熟悉相关法律、 行政法规、规章及其他规范性文件，具有五年以上法律、经济、 会计、财务、管理等履行独立董事职责所必需的工作经验。 被提名人已经参加培训并取得证券交易所认可的相关培训 证明材料 ...

深圳佰维存储科技股份有限公司 第四届董事会提名委员会关于第四届董事会独立董事 候选人任职资格的审查意见 2026 年 1 月 27 日 此外，提名委员会同意确认孙广宇董事角色为独立非执行董事，该董事角色 经公司股东会审议通过后，自公司发行境外上市股份（H 股）并在香港联合交易 所有限公司主板挂牌上市之日起生效。 深圳佰维存储科技股份有限公司 第四届董事会提名委员会 深圳佰维存储科技股份有限公司（以下简称"公司"）第四届董事会提名委 员会对公司第四届董事会独立董事候选人的任职资格进行了审查，并出具如下审 查意见： 1、本次提名的第四届董事会独立董事候选人提名已征得被提名人本人同意， 提名程序符合法律、法规和《公司章程》相关规定。 2、本次提名的第四届董事会独立董事候选人孙广宇先生已通过上海证券交 易所科创板独立董事履职平台的学习并具备担任上市公司董事的任职资格，未发 现根据《公司法》等法律法规规定的不得担任董事的情形，未发现存在被中国证 券监督管理委员会采取不得担任上市公司董事的市场禁入措施且期限尚未届满 的情形，未发现存在被证券交易所公开认定为不适合担任上市公司董事且期限尚 未届满的情形，不存在重大失信等不良 ...

证券代码：688525 证券简称：佰维存储 公告编号：2026-009 深圳佰维存储科技股份有限公司 关于补选公司独立董事的公告 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。 根据《中华人民共和国公司法》《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》等法律法规和规范性文件及《公司章程》等相关规定， 深圳佰维存储科技股份有限公司（以下简称"公司"）于 2026 年 1 月 26 日召开 公司第四届董事会第十次会议，审议通过《关于补选公司独立董事的议案》。 独立董事王源先生因个人工作调整原因，根据工作要求及相关规定，申请辞 去公司第四届董事会独立董事、提名委员会主任委员（召集人）、审计委员会委 员、薪酬与考核委员会委员职务，为完善公司治理结构，保障董事会各项工作的 顺利开展，根据《中华人民共和国公司法》等法律、法规及《公司章程》的有关 规定，经公司实际控制人、控股股东孙成思先生推荐并提名且经公司第四届董事 会提名委员会资格审查通过，董事会同意提名孙广宇先生为公司第四届董事会独 立董事候选人（简历详见附件 ...

深圳佰维存储科技股份有限公司 关于变更注册资本、修订《公司章程》并办理工商变 更登记的公告 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。 深圳佰维存储科技股份有限公司（以下简称"公司"）于 2026 年 1 月 26 日召开第四届董事会第十次会议，审议通过了《关于变更注册资本、修订〈公司 章程〉并办理工商变更登记的议案》等议案，该事项已经公司 2023 年第二次临 时股东大会、2025 年第二次临时股东会授权董事会办理，无需提交公司股东会 审议。现将具体情况公告如下： 证券代码：688525 证券简称：佰维存储 公告编号：2026-010 一、关于变更公司注册资本的基本情况 （一）回购公司股份并注销注册资本的情况 2025 年 8 月 8 日、2025 年 9 月 5 日，公司分别召开第四届董事会第三次会 议、2025 年第二次临时股东会，审议通过了《关于第二次以集中竞价交易方式 回购股份方案的议案》，同意公司以自有资金或自筹资金通过上海证券交易所系 统以集中竞价交易方式回购公司 A 股股份，回购股份将用于减少公司注册资 ...