内存8年来最贵！3000亿长鑫单挑国际巨头

Core Viewpoint - The storage chip industry is experiencing a significant boom, entering a "super bull market" phase, with prices reaching new highs not seen in nearly eight years, driven by ongoing shortages in the global memory market [1][2]. Group 1: Market Dynamics - The first quarter of 2026 is expected to see a 60%-70% increase in server DRAM prices and a 55%-60% increase in general DRAM prices due to persistent shortages [1]. - Major companies like Micron and SanDisk have seen their stock prices surge, reflecting the positive market sentiment [1]. - The global DRAM market is dominated by Samsung, SK Hynix, and Micron, which together hold over 90% market share [2][8]. Group 2: Longsys Technology's Position - Longsys Technology, with total assets exceeding 300 billion, has had significant losses from 2022 to the third quarter of 2025, totaling over 434.25 billion [2][4]. - Despite past losses, Longsys is projected to potentially achieve profitability in 2025, with expected net profits between 2 billion and 3.5 billion [5]. - Longsys has become the largest DRAM manufacturer in China and the fourth globally, with its products integrated into major clients like Alibaba Cloud and Tencent [3][4]. Group 3: Competitive Landscape - Longsys aims to challenge the dominance of established players in the DRAM market, but its market share remains low at 3.97% as of the second quarter of 2025 [4]. - The company has made significant technological advancements, achieving mass production of DRAM chips and narrowing its losses, but still faces challenges in maintaining competitive pricing and profitability [3][4]. - The ongoing price increases in the storage chip market are largely driven by the demand from AI data centers, which require high-performance storage solutions [10][11]. Group 4: Future Outlook - The storage chip market is expected to maintain a price increase trend until at least the end of 2026, driven by supply constraints and rising demand [9]. - Longsys Technology's future success will depend on its ability to overcome technological barriers and increase its market share in the face of strong competition from established firms [11].