佰维存储推进“A+H”双重上市 行业涨价潮起近半年股价涨106%

Core Viewpoint - The company, Biwei Storage, is progressing with its Hong Kong IPO, aiming to enhance its global strategy and core competitiveness, while benefiting from a recent surge in semiconductor memory prices, leading to a significant profit turnaround in Q3 2025 [1][2]. Group 1: IPO Progress - Biwei Storage has submitted its H-share listing application to the Hong Kong Stock Exchange and received acceptance from the China Securities Regulatory Commission [2]. - The funds raised from the IPO will focus on expanding the advanced packaging and testing base in Huizhou and a wafer-level packaging project expected to commence production in the second half of 2025 [2]. - Since its listing on the STAR Market in late 2022, the company has raised a total of 2.394 billion yuan, primarily directed towards advanced capacity construction [3]. Group 2: Financial Performance - In Q3 2025, Biwei Storage achieved a net profit of 256 million yuan, marking a significant turnaround from previous losses, with a total revenue of 6.695 billion yuan, up 86.46% year-on-year [4]. - The company experienced a decline in profitability in 2022 and 2023 due to adverse market conditions affecting demand for consumer electronics [4]. - The recent price increases in storage products, initiated by major players like SanDisk, Micron, and Samsung, have positively impacted Biwei Storage's financial performance [5]. Group 3: Market Performance - The stock price of Biwei Storage has seen a substantial increase, rising from 62 yuan per share on May 9, 2025, to 127.5 yuan per share by November 11, 2025, representing a 105.65% increase over six months [6].