Biwin Storage Technology (SH:688525) Sou Hu Cai Jing·2026-01-15 07:40Core Insights - The explosive growth in global AI computing power has led to a significant surge in the storage chip market, with prices for storage chips increasing dramatically, even by 18 times in a year [1] - According to a report by Guojin Securities, strong demand from AI is expected to drive storage chip prices up significantly by 2025, with DDR4 16Gb prices rising by 1800%, DDR5 16Gb by 500%, and 512Gb NAND flash by 300% [1] - The upward price trend is anticipated to continue into 2026, with market prices expected to rise by 40% to 50% in Q1 and an additional 20% in Q2 [1] Market Performance - The storage sector in the A-share market has seen a strong performance, with multiple companies experiencing significant stock price increases, including Blue Arrow Electronics (+20.02%), Silicon Power (+14.01%), and Shanghai Xinyang (+13.15%) [2] - The first earnings forecast from the A-share storage industry was released, with Bawei Storage projecting revenues of 10 billion to 12 billion yuan for 2025, representing a year-on-year growth of 49.36% to 79.23% [2] Company Projections - Bawei Storage also expects a net profit of 850 million to 1 billion yuan for 2025, reflecting a year-on-year increase of 427.19% to 520.22% [3] - The company anticipates that from Q2 2025, as storage prices stabilize and key projects are delivered, sales revenue and gross margins will gradually improve [3] Industry Developments - The storage chip boom has prompted frequent IPO activities among domestic storage chip companies, with Changxin Technology submitting an application for listing on the STAR Market [3] - In June 2025, Changxin Technology's valuation reached 158.4 billion yuan after a financing round led by Alibaba Cloud, which invested 6.1 billion yuan for a 3.85% stake [3] Price Impact - The rising prices of storage chips have also led to increased prices for downstream electronic consumer goods [4] - Notably, the price of a single 256G DDR5 server memory module from Hynix and Samsung has exceeded 40,000 yuan, with some reaching as high as 49,999 yuan [5]