Core Viewpoint - Demingli (001309.SZ) is expected to experience significant growth in 2025, driven by a "super cycle" in the storage industry fueled by AI demand, with projected revenues of 10.3 billion to 11.3 billion yuan and net profits of 650 million to 800 million yuan [1][2][3] Group 1: Financial Performance - In 2025, Demingli anticipates a revenue increase of 115.82% to 136.77% year-on-year, with net profit growth of 85.42% to 128.21% [1][3] - For the first three quarters of 2025, Demingli reported revenues of 6.659 billion yuan, a year-on-year increase of 85.13%, but faced a net loss of 27.07 million yuan [3][4] - The fourth quarter of 2025 is projected to yield a net profit of 677 million to 827 million yuan, marking a year-on-year increase of over 10 times [1][3] Group 2: Market Trends - The global storage market is experiencing a recovery, with a significant increase in demand from data centers since the third quarter of 2025, leading to a supply-demand imbalance and rising prices [3][4] - Prices for DDR5 memory chips have surged over 300% since early September 2025, while DDR4 memory prices have increased by 158% [4] Group 3: Business Expansion and R&D - Demingli is focusing on expanding its product offerings and has entered the supply chains of several well-known companies, including major internet and mobile manufacturers [5][6] - The company reported a 64.62% increase in solid-state drive (SSD) revenue to 1.534 billion yuan and a 290.10% increase in embedded storage revenue to 1.7 billion yuan in the first half of 2025 [5] - R&D expenses are projected to reach 290 million yuan in 2025, a 42.7% increase from the previous year, with a total of 394 patent applications filed [6] Group 4: Capital Raising - Demingli plans to raise up to 3.2 billion yuan through a private placement to fund expansion projects, including SSD and DRAM production increases [6]
德明利单季预盈6.77亿暴增10倍 遇存储超级周期股价一年涨363%