Biwin Storage Technology (SH:688525) Jin Rong Jie·2026-01-16 09:08Core Viewpoint - Shenzhen Bawei Storage Technology Co., Ltd. (688525.SH) has released the first performance forecast for the A-share storage industry for 2025, expecting revenue of 10 billion to 12 billion yuan, a year-on-year increase of 49.36% to 79.23%, and a net profit attributable to shareholders of 850 million to 1 billion yuan, a year-on-year increase of 427.19% to 520.22% [1][2] Group 1: Market Response - The A-share market reacted positively, with Bawei Storage's stock hitting the 20% daily limit, reflecting strong market enthusiasm [1][2] - Other companies in the supply chain, such as Jiangbolong, Demingli, and Zhaoyichuang, also saw significant stock price increases, indicating unprecedented capital market interest [2] Group 2: Driving Factors - The current surge in storage chip prices is driven by a structural shortage caused by the AI arms race among global tech giants [3] - Major DRAM manufacturers are prioritizing production for AI servers, leading to a significant tightening of supply for general DRAM used in personal computers and smartphones [3] - NAND Flash supply is similarly affected, with strong demand from the server sector squeezing out other applications [3] Group 3: Impact on the Industry - The rising prices of storage chips are reshaping the cost structure and competitive landscape of the entire electronic consumer market [4] - The cost of a 16GB mobile memory chip has increased from less than 200 yuan to nearly 600 yuan in just six months, forcing manufacturers to either raise product prices or reduce storage configurations [4] - The profit distribution within the industry is shifting, with downstream sectors like packaging and testing experiencing increased utilization and service prices [4] - The current environment provides a significant opportunity for domestic storage companies in China to enhance their global competitiveness [5]