Core Viewpoint - The stock price of Baiwei Storage has shown a significant increase in recent trading periods, despite a slight decline on January 6, 2025, indicating a volatile but upward trend in the company's stock performance [1][2]. Group 1: Stock Performance - Baiwei Storage's stock price decreased by 2.01% on January 6, 2025, reaching 121.61 CNY per share, with a trading volume of 1.38 billion CNY and a turnover rate of 2.41% [1]. - Year-to-date, the stock has increased by 5.94%, with a 7.52% rise over the last five trading days, a 12.59% increase over the last 20 days, and a 26.02% rise over the last 60 days [2]. Group 2: Company Overview - Baiwei Storage, established on September 6, 2010, and listed on December 30, 2022, is located in Shenzhen, Guangdong Province, and specializes in the research, production, and sales of semiconductor storage devices [2]. - The company's main products include smart terminal storage chips, consumer-grade storage modules, industrial-grade storage modules, and advanced packaging and testing services [2]. - The revenue composition of Baiwei Storage is as follows: storage products account for 48.77%, embedded storage products 29.93%, PC storage products 18.12%, and others 3.18% [2]. Group 3: Financial Performance - As of September 30, 2025, Baiwei Storage reported a revenue of 6.575 billion CNY, representing a year-on-year growth of 30.84%, while the net profit attributable to shareholders was 30.41 million CNY, a decrease of 86.67% year-on-year [3]. - The number of shareholders increased to 41,700, up by 14.53%, while the average circulating shares per person decreased by 11.19% to 7,745 shares [3]. Group 4: Institutional Holdings - As of September 30, 2025, major institutional shareholders include E Fund's SSE STAR 50 ETF, holding 11.67 million shares, and Huaxia's SSE STAR 50 Component ETF, holding 11.39 million shares, both showing a decrease in holdings compared to the previous period [3].

A股存储龙头佰维存储（688525.SH）注销式回购实施完毕。 根据公告，佰维存储第二次集中竞价交易股份回购计划已正式实施完毕。本次回购累计斥资近1.5亿 元，回购股份将全部注销以减少注册资本，这是公司年内第二次调整并落地股份回购方案，彰显出对自 身发展前景的坚定信心。 回溯本次回购历程，方案最初于2025年8月11日首次披露，后于12月进行重大调整，回购资金总额上限 大幅提升至1.5亿元，下限提高至8000万元，回购价格上限也调整为182.07元/股。 长江商报消息 ●长江商报记者 潘瑞冬 12月23日晚间，佰维存储发布公告称，公司第二次集中竞价交易股份回购计划已正式实施完毕。本次回 购累计斥资近1.5亿元，回购股份将全部注销以减少注册资本。 长江商报记者注意到，这是公司年内第二次调整并落地股份回购方案。"注销式回购"背后是公司对行业 回暖的信心。2025年以来，佰维存储大幅扭亏，尤其是第三季度归母净利润达2.56亿元。 佰维存储于2022年上市。上市后，公司始终将研发投入作为核心战略，全力构筑先进产能壁垒。2022年 至2025年前三季度，近四年时间公司研发费用累计达12.33亿元。 上市后完成两次回购 ...

机构持仓方面，截止2025年9月30日，佰维存储十大流通股东中，易方达上证科创板50ETF（588080） 位居第二大流通股东，持股1167.05万股，相比上期减少170.28万股。华夏上证科创板50成份ETF （588000）位居第三大流通股东，持股1139.42万股，相比上期减少666.01万股。嘉实上证科创板芯片 ETF（588200）位居第四大流通股东，持股733.68万股，相比上期减少33.60万股。南方中证500ETF （510500）位居第五大流通股东，持股473.03万股，相比上期减少3.10万股。信澳新能源产业股票A （001410）位居第八大流通股东，持股362.75万股，相比上期减少45.46万股。香港中央结算有限公司位 居第九大流通股东，持股322.02万股，为新进股东。 12月23日，佰维存储盘中下跌2.01%，截至10:20，报105.55元/股，成交7.56亿元，换手率2.02%，总市 值492.61亿元。 资金流向方面，主力资金净流出1.29亿元，特大单买入8645.09万元，占比11.43%，卖出1.50亿元，占比 19.88%；大单买入1.94亿元，占比25.60%，卖出2 ...

长江商报消息 ●长江商报记者 汪静 A股存储龙头佰维存储（688525.SH）拟减持参股公司联芸科技（688449.SH）股票。 自2025年12月1日起，公司所持联芸科技首发限售股份解除限售并上市流通。为进一步提高资产的流动 性和使用效率，公司拟根据股票市场行情以集中竞价交易的方式择机出售所持联芸科技部分或全部A股 股票，占其总股本的比例不超过1%。 根据佰维存储披露，目前该交易性金融资产账面成本4212.77万元。 截至12月2日收盘，联芸科技报45.45元/股，以目前股价计算，佰维存储所持股权价值1.7亿元，也就 说，佰维存储此次投资账面浮盈约1.28亿元。 据了解，联芸科技是一家提供数据存储主控芯片、AIoT信号处理及传输芯片的平台型芯片设计企业。 2024年以来，联芸科技持续盈利，且盈利幅度不断扩大。2024年及2025年前三季度，该公司实现营收分 别为11.74亿元、9.21亿元，同比增长13.55%、11.59%；归母净利润分别为1.18亿元、9006万元，同比增 长126.04%、23.05%。 12月1日晚间，佰维存储发布公告，为进一步提高资产的流动性和使用效率，将择机出售持有的联芸科 技相 ...

Group 1 - The core point of the news is that Baiwei Storage's stock price increased by 5.37% to 118.23 yuan per share, with a trading volume of 1.953 billion yuan and a turnover rate of 4.77%, resulting in a total market capitalization of 55.179 billion yuan [1] - Baiwei Storage, established on September 6, 2010, specializes in the research, production, and sales of semiconductor storage devices, with its main products including storage chips for smart terminals, consumer-grade storage modules, industrial-grade storage modules, and advanced packaging and testing services [1] - The revenue composition of Baiwei Storage's main business includes: storage products 48.77%, embedded storage products 29.93%, PC storage products 18.12%, others 1.37%, advanced packaging and testing services 1.09%, and automotive-grade storage products 0.71% [1] Group 2 - From the perspective of fund holdings, one fund under Galaxy Fund has a significant position in Baiwei Storage, with Galaxy Yield Mixed Fund (151002) holding 20,000 shares, accounting for 1.19% of the fund's net value, making it the fourth-largest holding [2] - The Galaxy Yield Mixed Fund (151002) was established on August 4, 2003, with a latest scale of 175 million yuan, achieving a year-to-date return of 7.91% and a one-year return of 9.06% [2] - The fund manager Zheng Kecheng has a tenure of 17 years and 244 days, with the best fund return during his tenure being 124.06%, while the worst return was -8.1% [3]

Core Viewpoint - Baidu Storage's stock increased by 5.37% to 108.30 CNY per share, with a trading volume of 1.859 billion CNY and a turnover rate of 5.01%, resulting in a total market capitalization of 50.545 billion CNY [1] Company Overview - Shenzhen Baidu Storage Technology Co., Ltd. was established on September 6, 2010, and went public on December 30, 2022. The company is located in Nanshan District, Shenzhen, Guangdong Province, and its main business involves the research, production, and sales of semiconductor storage devices [1] - The company's main products and services include smart terminal storage chips, consumer-grade storage modules, industrial-grade storage modules, and advanced packaging and testing services [1] Revenue Composition - The revenue composition of Baidu Storage is as follows: storage products account for 48.77%, embedded storage products for 29.93%, PC storage products for 18.12%, other products for 1.37%, advanced packaging and testing services for 1.09%, and automotive-grade storage products for 0.71% [1] Fund Holdings - According to data, one fund under Huashang Fund holds a significant position in Baidu Storage. The Huashang Sci-Tech Innovation Board Quantitative Stock Selection Mixed A Fund (018973) held 13,200 shares in the third quarter, accounting for 2.08% of the fund's net value, ranking as the tenth largest holding [2] - The fund has a current scale of 21.1769 million CNY and has achieved a year-to-date return of 37.98%, ranking 1546 out of 8127 in its category [2] Fund Manager Performance - The fund manager of Huashang Sci-Tech Innovation Board Quantitative Stock Selection Mixed A Fund is Ai Dingfei, who has been in the position for 7 years and 5 days. The total asset scale of the fund is 1.055 billion CNY, with the best return during his tenure being 116.56% and the worst return being -20.99% [3]

Core Viewpoint - Bawei Storage experienced a decline of 5.01% on November 18, with a stock price of 126.07 yuan per share and a total market capitalization of 58.838 billion yuan [1] Company Overview - Shenzhen Bawei Storage Technology Co., Ltd. was established on September 6, 2010, and went public on December 30, 2022. The company is located in Nanshan District, Shenzhen, Guangdong Province [1] - The main business involves the research, production, and sales of semiconductor storage devices, including smart terminal storage chips, consumer-grade storage modules, industrial-grade storage modules, and advanced packaging and testing services [1] Revenue Composition - The revenue composition of Bawei Storage is as follows: - Storage products: 48.77% - Embedded storage products: 29.93% - PC storage products: 18.12% - Others: 1.37% - Advanced packaging and testing services: 1.09% - Automotive-grade storage products: 0.71% [1] Fund Holdings - According to data, a fund under Yinhua Fund holds Bawei Storage as one of its top ten holdings. The Yinhua Multi-Dimensional Dynamic Flexible Allocation Mixed Fund (005251) reduced its holdings by 766 shares in the third quarter, now holding 47,200 shares, which accounts for 4.59% of the fund's net value [2] - The fund has experienced a floating loss of approximately 313,800 yuan as of the latest report [2] Fund Performance - The Yinhua Multi-Dimensional Dynamic Flexible Allocation Mixed Fund (005251) was established on December 14, 2017, with a current scale of 107 million yuan. Year-to-date returns are 52.29%, ranking 759 out of 8140 in its category [2] - Over the past year, the fund has achieved a return of 49.81%, ranking 794 out of 8057 in its category, and since inception, it has returned 143.63% [2]

Core Viewpoint - The company, Biwei Storage, is progressing with its Hong Kong IPO, aiming to enhance its global strategy and core competitiveness, while benefiting from a recent surge in semiconductor memory prices, leading to a significant profit turnaround in Q3 2025 [1][2]. Group 1: IPO Progress - Biwei Storage has submitted its H-share listing application to the Hong Kong Stock Exchange and received acceptance from the China Securities Regulatory Commission [2]. - The funds raised from the IPO will focus on expanding the advanced packaging and testing base in Huizhou and a wafer-level packaging project expected to commence production in the second half of 2025 [2]. - Since its listing on the STAR Market in late 2022, the company has raised a total of 2.394 billion yuan, primarily directed towards advanced capacity construction [3]. Group 2: Financial Performance - In Q3 2025, Biwei Storage achieved a net profit of 256 million yuan, marking a significant turnaround from previous losses, with a total revenue of 6.695 billion yuan, up 86.46% year-on-year [4]. - The company experienced a decline in profitability in 2022 and 2023 due to adverse market conditions affecting demand for consumer electronics [4]. - The recent price increases in storage products, initiated by major players like SanDisk, Micron, and Samsung, have positively impacted Biwei Storage's financial performance [5]. Group 3: Market Performance - The stock price of Biwei Storage has seen a substantial increase, rising from 62 yuan per share on May 9, 2025, to 127.5 yuan per share by November 11, 2025, representing a 105.65% increase over six months [6].

Core Viewpoint - Bawei Storage's stock price increased by 5.12% to 125.20 CNY per share, with a trading volume of 2.812 billion CNY and a turnover rate of 6.53%, resulting in a total market capitalization of 58.432 billion CNY [1] Company Overview - Bawei Storage Technology Co., Ltd. is located in Nanshan District, Shenzhen, Guangdong Province, and was established on September 6, 2010. The company went public on December 30, 2022 [1] - The main business involves the research, production, and sales of semiconductor storage devices, including smart terminal storage chips, consumer-grade storage modules, industrial-grade storage modules, and advanced packaging and testing services [1] - Revenue composition: storage products account for 48.77%, embedded storage 29.93%, PC storage 18.12%, others 1.37%, advanced packaging and testing services 1.09%, and automotive-grade storage 0.71% [1] Fund Holdings - According to data, one fund under Jianxin Fund holds a significant position in Bawei Storage. Jianxin Social Responsibility Mixed A (530019) held 52,400 shares in the third quarter, representing 4.51% of the fund's net value, making it the third-largest holding [2] - The fund has achieved a return of 44.92% year-to-date, ranking 1396 out of 8226 in its category, and a return of 50.51% over the past year, ranking 955 out of 8099 [2] Fund Manager Information - The fund manager of Jianxin Social Responsibility Mixed A (530019) is Li Denghu, who has been in the position for 1 year and 341 days. The total asset size of the fund is 121 million CNY [3] - During his tenure, the best fund return was 84.87%, while the worst return was 65.73% [3]

Core Viewpoint - On October 22, Baiwei Storage experienced a decline of 2.88% with a trading volume of 2.506 billion yuan, indicating a significant market reaction to its financial activities and stock performance [1]. Financing Summary - On the same day, Baiwei Storage had a financing purchase amount of 337 million yuan and a financing repayment of 403 million yuan, resulting in a net financing outflow of 66.11 million yuan [1]. - As of October 22, the total balance of margin trading for Baiwei Storage was 1.874 billion yuan, with the financing balance at 1.856 billion yuan, accounting for 4.96% of its market capitalization, which is above the 90th percentile of the past year [1]. - The company repaid 6,856 shares in securities lending on October 22, with no shares sold, and the remaining securities lending balance was 185.564 million yuan, also exceeding the 90th percentile of the past year [1]. Company Profile - Baiwei Storage Technology Co., Ltd. was established on September 6, 2010, and listed on December 30, 2022. The company specializes in the research, production, and sales of semiconductor storage devices [2]. - The revenue composition of Baiwei Storage includes 48.77% from storage products, 29.93% from embedded storage, 18.12% from PC storage, and smaller contributions from other services [2]. - As of June 30, 2025, the company reported a revenue of 3.912 billion yuan, a year-on-year increase of 13.70%, but a net profit loss of 226 million yuan, a significant decrease of 179.68% compared to the previous year [2]. Institutional Holdings - As of June 30, 2025, the top ten circulating shareholders of Baiwei Storage included several ETFs, with Huaxia SSE Sci-Tech Innovation Board 50 ETF holding 18.0543 million shares, an increase of 986,100 shares from the previous period [3]. - Other notable shareholders include E Fund SSE Sci-Tech Innovation Board 50 ETF and Harvest SSE Sci-Tech Innovation Board Chip ETF, both of which increased their holdings significantly [3].