佰维存储完成1.5亿“注销式回购” 近四年研发费超12亿聚焦先进产能

Core Viewpoint - The company, Biwei Storage, has completed its second share repurchase plan, reflecting confidence in the industry's recovery and its own growth prospects [1][2]. Group 1: Share Repurchase Details - Biwei Storage's recent share repurchase involved an expenditure of nearly 1.5 billion yuan, with all repurchased shares set to be canceled to reduce registered capital [1][2]. - This marks the company's second adjustment and implementation of a share repurchase plan within the year, demonstrating strong confidence in its future development [2]. - The initial repurchase plan was disclosed on August 11, 2025, with significant adjustments made in December, including an increase in the total repurchase fund limit to 1.5 billion yuan and a price cap adjustment to 182.07 yuan per share [2]. - As of the announcement date, the company had repurchased 1.399091 million shares, accounting for 0.2998% of the total share capital prior to the repurchase, with prices ranging from 96.55 yuan to 113.118 yuan per share [2]. Group 2: Financial Performance and Industry Context - Biwei Storage operates in the semiconductor storage sector, focusing on the research, design, packaging, testing, production, and sales of semiconductor storage devices, with over 200 global customers [4]. - The company's performance has been closely tied to fluctuations in the global storage market, experiencing declines in 2022 and 2023 due to weak demand in consumer electronics [4]. - In 2024, the industry began to show signs of recovery, with Biwei Storage achieving a turnaround, reporting revenues of 6.695 billion yuan, a year-on-year increase of 86.46%, and a net profit of 161 million yuan [4]. - By the third quarter of 2025, the storage industry experienced a significant recovery, driven by increased demand for AI, leading to record high revenues of 2.663 billion yuan and a net profit of 256 million yuan, marking a year-on-year growth of 563.77% [4]. - The company's R&D expenses have been a core strategic focus, totaling 1.233 billion yuan over four years, with 410 million yuan spent in the first three quarters of 2025, a 20.98% increase year-on-year [5][4].