Zheng Quan Shi Bao·2026-01-26 17:48Group 1: NAND Flash Market Dynamics - Samsung Electronics raised NAND flash supply prices by over 100% in Q1 2023, significantly exceeding market expectations, highlighting a severe supply-demand imbalance in the semiconductor market [1] - Samsung is currently negotiating with clients for a new round of NAND flash pricing for Q2, with expectations that the price increase trend will continue [1] Group 2: AI-Driven Storage Chip Supercycle - Multiple institutions believe that an AI-driven "supercycle" for storage chips is underway, with Citigroup forecasting average price increases of 88% for DRAM and 74% for flash products by 2026, surpassing previous estimates of 53% and 44% [2] - According to Zhao Securities, the global storage industry is experiencing a clear price increase phase, characterized by structural shortages rather than short-term fluctuations, with upstream prices rebounding strongly [2] Group 3: Company Performance and Profit Projections - Baiwei Storage expects a net profit of 850 million to 1 billion yuan in 2025, representing a year-on-year increase of 427.19% to 520.22%, driven by stabilizing storage prices and growth in AI-related sectors [2] - Longke Technology anticipates a net profit of 21 million to 31 million yuan in 2025, turning profitable due to rising storage product prices and increased demand from the global AI server market [3] - Zhaoyi Innovation is projected to achieve a net profit of approximately 1.61 billion yuan in 2025, reflecting a year-on-year growth of around 46% [3] Group 4: Stock Market Performance - Storage chip concept stocks have performed well since the beginning of the year, with an average increase of 22.12% in January, significantly outperforming the Shanghai Composite Index [3] - Financing activities have surged, with 16 storage chip concept stocks receiving over 100 million yuan in net purchases since January, including Jiangbolong and Baiwei Storage, which saw net purchases exceeding 500 million yuan [3][4] Group 5: Company Innovations and Collaborations - Jiangbolong has received 1.256 billion yuan in net purchases since January, focusing on new intelligent terminal applications such as robots and AI glasses, although these markets are still in early development stages [4] - The company has partnered with SanDisk to launch customized high-quality UFS products and solutions for the mobile and IoT markets [4]