Core Viewpoint - The company Demingli has announced a fundraising plan of up to 3.2 billion yuan, coinciding with a significant increase in its stock price, which has tripled in two months due to the booming storage chip market [1][2]. Group 1: Stock Performance and Fundraising - Demingli's stock price surged from under 100 yuan on September 11 to 306 yuan on November 13, marking a threefold increase in two months [2]. - The company plans to raise funds through a private placement of no more than 68.07 million shares, with proceeds allocated for SSD and DRAM expansion projects, as well as for enhancing its storage management and R&D headquarters [2]. Group 2: Market Conditions - The global storage market has shown a cyclical pattern, with a notable recovery in demand since Q3 2025, driven by increased needs from data centers and AI applications [3]. - NAND Flash prices rose by 41.48% from September 30 to November 4, while DRAM prices increased by 46.22% in the same period, indicating a significant market upturn [3]. Group 3: Company Strategy and Risks - Demingli has indicated plans to expand production in response to the growing demand for storage solutions, particularly in enterprise-level storage [5]. - Despite the positive outlook, the company acknowledges the cyclical nature of the storage market and the potential risks associated with market price fluctuations and inventory valuation [5][6]. - The company's inventory value has increased significantly, raising concerns about potential write-downs if market prices decline [6]. Group 4: Institutional Interest - There has been active institutional trading in Demingli's stock, with notable transactions occurring at a discount of around 10% since November 19 [6]. - Institutions have been involved in significant trades, indicating strong interest from professional investors [6].
牛股德明利抛32亿元定增计划，存储芯片风口还能飞多久？