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闪存龙头宣布涨价50%，10股年内股价翻倍
2 1 Shi Ji Jing Ji Bao Dao·2025-11-09 14:15

Core Viewpoint - The storage industry is experiencing significant price increases, with SanDisk raising NAND flash contract prices by up to 50%, marking at least the third price hike this year [1]. Group 1: Price Trends - Since September, there has been a strong expectation for price increases across mainstream storage products, including HBM, DRAM, NAND flash, SSDs, and mechanical hard drives, all facing shortages [1]. - DDR5 spot prices surged by 25% within a week as multiple storage manufacturers suspended DDR5 pricing [1]. Group 2: Stock Performance - The A-share storage chip sector has seen strong performance, with 10 stocks doubling in price year-to-date as of November 7, including Demingli, which rose nearly 330% [1][2]. - Other notable performers include Dongxin Co. and Jiangbolong, both exceeding 200% growth [1][2]. Group 3: Company Performance - Jiangbolong reported a 54.6% year-on-year increase in revenue for Q3, reaching 6.539 billion yuan, with net profit soaring by 1994.42% [4]. - Baiwei Storage achieved a 68.06% revenue growth in Q3, totaling 2.663 billion yuan, with net profit increasing by 563.77% [4]. - Lanke Technology maintained stable growth with a 57.22% revenue increase in Q3, reaching 1.424 billion yuan [4]. Group 4: Market Dynamics - The storage price fluctuations are impacting the growth rates of some end products, with companies like Rockchip experiencing a slight revenue decline due to the transition from DDR4 to DDR5 [5]. - Overall, leading domestic chip design firms are navigating a structural shift driven by the recovery in storage and the rise of edge AI, seeking growth in emerging sectors like AIoT and automotive electronics [5]. Group 5: Future Outlook - ICBC Credit Suisse believes the current wave of storage price increases is primarily driven by unexpected demand from AI servers, with expectations for high prices to persist at least until mid-2026 [7]. - The ongoing investment in AI infrastructure is expected to further support the upward price trajectory in the storage market [7].