12月25日，深圳证券交易所上市审核委员会召开2025年第34次审议会议。经审议，深圳大普微电子股份有限公司（首发）符合 发行条件、上市条件和信息披露要求。 审议过程中，上市委重点就其业绩持续增长能力及盈利预期进行了问询。要求公司结合行业周期与趋势、市场竞争格局、产品 竞争力、成本传导机制、主要客户结构与在手订单等情况，说明未来业绩增长的可持续性，并对预计最早于2026年实现扭亏为 盈的可行性及审慎性作出进一步解释。 大普微电子专注于数据中心企业级固态硬盘（SSD）的研发与销售，产品已覆盖PCIe 3.0至5.0多代技术标准，能够全面满足各类 客户需求。报告期内，公司企业级SSD累计出货量超过4,900PB，其中搭载自研主控芯片的产品占比达75%以上。据IDC统计， 最近三年公司在国内企业级SSD市场占有率稳居前列，市场仍由国际厂商主导。 公司长期坚持技术驱动与创新引领，紧跟存储技术演进趋势，率先推出具备国际竞争力的产品与解决方案。其PCIe SSD系列在 读写速度、耐用性、低延时及平均故障率等关键指标上表现优异，产品整体性能达国际先进水平。同时，公司积极布局前沿存 储方向，已成为全球首批实现企业级PCIe ...

Core Insights - The new Mini SSD CL100 from Bawei features a read speed of up to 3700MB/s and offers a maximum storage capacity of 2TB, designed for easy plug-and-play portable storage [1][1] - The X1 Air series introduces an innovative "dual hard drive collaboration" architecture, utilizing the Mini SSD for seamless expansion akin to changing game cartridges [1][1] - The Mini SSD's high performance is tailored to enhance the X1 Air's functionality across various modes, ensuring quick system response and smooth processes for handheld gaming, tablet editing, and multitasking on laptops [1][1]

Group 1 - Seagate Technology Holdings plc (NASDAQ:STX) has seen its shares increase by 184% over the past six months, raising questions about whether its market valuation is too high [2] - The company's stock performance is attributed to the AI data center bull market, indicating a strong demand for storage devices as PC makers face supply constraints [2][3] - Intel's CFO highlighted CPU market supply constraints, suggesting that companies like Seagate will benefit as demand for storage devices rises [2][3] Group 2 - While Seagate is recognized as a potential investment, there is a belief that other AI stocks may offer higher returns with less risk [4] - The article suggests that there are extremely cheap AI stocks that could benefit from current market conditions, including tariffs and onshoring [4]

Core Viewpoint - The current earnings season highlights significant supply constraints across various industries, which is leading to better-than-expected earnings for companies like Intel and others in the tech sector [1][2]. Technology Sector - Intel reported earnings that exceeded expectations due to supply constraints, allowing the company to raise prices, which is advantageous in any industry [2]. - Companies such as SanDisk, Western Digital, and Sea are experiencing strong stock performance due to their pricing power amid supply constraints, which have historically hindered their profitability [3]. - Micron is also noted for its supply constraints, which have led to a reevaluation of demand expectations [5][6]. - AMD's stock rose 7.6% following discussions about its supply constraints and partnerships in quantum computing [4]. Aerospace Industry - Boeing is expected to report on supply constraints affecting all its aircraft, particularly the 737 models, due to regulatory challenges and past mishaps [7]. - Major suppliers to Boeing, including General Electric, RTX, and Honeywell, are benefiting from increased demand for aircraft and maintenance services [7]. Energy Sector - Genova is highlighted for its supply constraints in power equipment, particularly large turbines used in data centers, suggesting potential for growth [8]. - The high cost of these machines, which can reach up to $100 million, positions Genova favorably in the market [9]. Precious Metals - The supply of gold remains constrained despite high prices, with foreign supplies becoming increasingly difficult to access due to tougher terms from host countries [10][11]. - The overall trend indicates a persistent imbalance between demand and supply across multiple industries, which is favorable for stock performance [11].

Core Viewpoint - Microsoft released the KB5063878 update for Windows 11 24H2 in mid-August, aimed at fixing security issues and introducing new features. However, this update has been reported to cause severe issues with SSDs and HDDs, affecting not only Windows 11 users but also those on Windows 10 and 23H2 versions [1][2]. Summary by Sections Update Details - The KB5063878 update has an internal version number of 26100.4946 and was intended to address security vulnerabilities while adding new functionalities [1]. - Other related updates for Windows 10 include KB5063709, KB5063877, KB5063871, and KB5063889, while Windows 11 also received KB5063875 [3]. Issues Encountered - Users reported that after installing the KB5063878 update, SSDs became unrecognized by the system, leading to a "drive drop" situation, particularly when installing large games like Cyberpunk 2077 [3]. - Testing revealed that if over 50GB of data was written continuously and the SSD controller usage exceeded 60%, the drive would become unresponsive, and SMART information could not be read [4]. User Experiences - Even after a system reboot, the drives might temporarily reappear, but similar write operations would lead to repeated failures, posing a risk of file corruption [5]. - A user named @Necoru_cat conducted tests on various SSD brands and models, identifying specific SSDs that were most likely to encounter issues, including Corsair Force MP600 and KIOXIA EXCERIA PLUS G4 [6]. Fault Scenarios - Two failure scenarios were identified: - NG LV.1: Drive becomes inaccessible but can be restored after a reboot. - NG LV.2: Drive remains inaccessible even after reboot, leading to total drive failure [9]. Recommendations - Users are advised to uninstall the KB5063878 update if they plan to perform extensive data writing operations to avoid potential issues. The uninstallation process can be done through the Windows settings [9]. - It is recommended to follow the 3-2-1 backup rule for data safety, ensuring multiple copies and different storage mediums [10]. Update Background - Interestingly, the KB5063878 update was released to fix severe errors in previous versions, highlighting a recurring issue where Microsoft releases updates that inadvertently introduce new problems [10][11].