Core Viewpoint - The company, Demingli, is experiencing a decline in stock price and trading volume, while its business focuses on flash memory control chip design and storage module products, benefiting from trends in storage solutions for smart wearables and data centers [1][2][4]. Business Overview - The main business of the company is concentrated on the design and development of flash memory control chips, as well as the sales of storage module products, including storage cards, storage disks, and solid-state drives, primarily targeting the mobile storage market [2][8]. - The embedded storage business has established a complete product matrix covering mainstream protocols such as UFS, LPDDR, and eMMC, offering high-performance, low-power storage solutions for smart wearable devices [2][3]. - The company’s data center storage solutions aim to meet the increasing demands for high capacity, performance, reliability, and scalability, driven by advancements in cloud computing, big data, and artificial intelligence [2][3]. Market Position - Demingli has been recognized as a "specialized, refined, distinctive, and innovative" small giant enterprise, which signifies its strong market position and innovation capabilities in niche markets [3]. - As of the 2024 annual report, overseas revenue accounted for 69.74% of total revenue, benefiting from the depreciation of the Renminbi [4]. Financial Performance - For the first half of 2025, the company achieved a revenue of 4.109 billion, representing a year-on-year growth of 88.83%, while the net profit attributable to shareholders was -118 million, a decrease of 130.43% year-on-year [9]. - The revenue composition includes 41.37% from embedded storage products, 37.34% from solid-state drives, 13.06% from mobile storage, and 8.22% from memory bars [8][9]. Shareholder and Market Activity - As of August 20, 2025, the number of shareholders increased to 32,000, with an average of 5,000 circulating shares per person, indicating a slight decrease [9]. - The stock has seen a net outflow of 64.7947 million in recent trading days, with a significant reduction in main funds over three consecutive days [5][6].
德明利跌5.66%，成交额8.40亿元，近3日主力净流入-1.15亿