证券日报网讯 2月3日，德明利在互动平台回答投资者提问时表示，2026年1月31日并非定期持有人名册 下发日，公司无法获悉当天股东人数。截至最近一期定期持有人名册下发日，即2026年1月30日公司含 信用账户合并股东名册的股东数为65287户。 （文章来源：证券日报） ...

国家/地区 中国 行业 电子行业 报告发布日期 2026 年 02 月 03 日 看好（维持） 电子行业 行业研究 | 动态跟踪 AI 算力需求拉动，存储紧缺持续 核心观点 投资建议与投资标的 ⚫ AI 算力需求拉动，存储紧缺持续。相关标的：国内存储芯片设计厂商兆易创新、普 冉股份、聚辰股份、东芯股份、北京君正、恒烁股份等；国产存储模组厂商江波 龙、德明利、佰维存储等；受益存储技术迭代的澜起科技、联芸科技、翱捷科技 等；半导体设备企业中微公司、精智达、京仪装备、微导纳米、拓荆科技、北方华 创等；国内封测企业深科技、汇成股份、通富微电等；配套逻辑芯片厂商晶合集成 等。 风险提示 AI 落地不及预期，技术迭代速度不及预期，国产化进展不及预期 | 薛宏伟 | 执业证书编号：S0860524110001 | | --- | --- | | | xuehongwei@orientsec.com.cn | | | 021-63326320 | | 蒯剑 | 执业证书编号：S0860514050005 | | | 香港证监会牌照：BPT856 | | | kuaijian@orientsec.com.cn | | | 02 ...

佰维存储披露，公司预计2025年实现营业收入100亿元至120亿元，同比增长49.36%至79.23%；预计实 现归母净利润8.5亿元至10亿元，同比增长427.19%至520.22%。佰维存储介绍，2025年度，公司在AI新 兴端侧领域保持高速增长趋势，并持续强化先进封装能力建设，晶圆级先进封测制造项目整体进展顺 利，目前正按照客户需求推进打样和验证工作，为客户提供"存储+晶圆级先进封测"一站式综合解决方 案。 德明利预计2025年实现营业收入103亿元至113亿元，同比增长115.82%至136.77%；实现归母净利润6.5 亿元至8亿元，同比增长85.42%至128.21%。德明利表示，公司聚焦全链路存储解决方案能力强化，从 2025年第三季度起，受益于AI需求驱动，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。 香农芯创介绍，2025年，公司销售的企业级存储产品数量增长，主要产品价格呈现上升的态势，预计全 年营业收入增长超过40%。公司自主品牌"海普存储"已推出包括企业级SSD以及企业级DRAM两大产品 线的多款产品并进入量产阶段。2025年度，"海普存 ...

证券日报网讯2月2日，德明利（001309）在互动平台回答投资者提问时表示，公司产品主要包括移动存 储、固态硬盘、嵌入式存储、内存条等，已广泛应用于数据中心、手机、车载电子、平板、安防监控等 多元应用场景，暂未涉及人形机器人领域。人形机器人作为未来重要发展趋势之一，公司未来将长期关 注相关领域的存储应用及其技术与市场发展情况。 ...

格隆汇2月2日丨德明利(001309.SZ)在投资者互动平台表示，公司产品主要包括移动存储、固态硬盘、 嵌入式存储、内存条等，已广泛应用于数据中心、手机、车载电子、平板、安防监控等多元应用场景， 暂未涉及人形机器人领域。人形机器人作为未来重要发展趋势之一，公司未来将长期关注相关领域的存 储应用及其技术与市场发展情况。 ...

Core Viewpoint - The storage chip market is experiencing a "super cycle" driven by AI, leading to significant price increases and improved profitability for storage companies, while terminal manufacturers face pressure to raise prices or reduce specifications [1][3][7]. Group 1: Market Dynamics - The storage market is emerging from a low point, with many companies reporting substantial profit increases due to stabilizing prices driven by AI demand [1][2]. - As of January 29, 2026, 52 storage-related companies in the A-share market have issued performance forecasts for 2025, with 25 companies expecting profit increases, and 31 companies reporting year-on-year net profit growth [1][2]. - Notable profit increases include Bawei Storage with a projected growth of 520.22%, Shangluo Electronics at 344.92%, and Jiangbolong at 210.82% [2]. Group 2: Price Trends - Market research indicates that storage prices are expected to rise by 40% to 50% in Q1 2026 and by approximately 20% in Q2 2026, surpassing historical highs [3][4]. - Companies like Jiangbolong attribute their recovery to the stabilization of storage prices and increased demand from AI servers, leading to a supply-demand imbalance [2][5]. Group 3: Competitive Positioning - Storage manufacturers are shifting focus from consumer markets to enterprise-level markets, such as data centers and AI servers, where profit margins are higher due to lower price sensitivity [5][6]. - Companies are investing in technology and production capabilities to enhance their competitive edge, with Jiangbolong planning to raise 3.7 billion yuan for technology development and production expansion [6]. Group 4: Impact on Terminal Manufacturers - Terminal manufacturers are facing significant cost pressures due to rising component prices, leading to a projected 14.8% decrease in global laptop shipments in Q1 2026 [7][8]. - Major brands like Lenovo and Dell have begun raising prices on their products, with Lenovo increasing prices by 500 to 1500 yuan on mid-to-high-end models [8][9]. - The rising costs of memory components are impacting the profitability of smartphone manufacturers, with companies like Transsion Holdings reporting a 54.11% decline in net profit due to increased supply chain costs [9].

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 ...

证券日报网讯 1月30日，德明利在互动平台回答投资者提问时表示，公司业绩表现受行业景气度、业务 开拓、研发创新等多重因素综合影响。公司深耕存储行业多年，具备应对行业周期变化做好供应链管控 与库存管理的核心运营能力。公司未来将进一步把握行业发展机遇，依托在存储领域的技术、供应链及 市场布局等核心优势努力提升经营效益，具体业绩情况请以公司披露的定期报告为准。 （编辑 袁冠琳） ...

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） ...

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]