瑞财经 吴文婷9月22日，佰维存储发布公告称，公司于2025年9月22日召开了第四届董事会第五次会议，审议通过了《关于公司发行H股股票并在香港联合交 易所有限公司上市的议案》《关于公司发行H股股票并在香港联合交易所有限公司上市方案的议案》等相关议案。 截至目前，公司正积极与相关中介机构就本次发行上市的相关工作进行商讨，除本次董事会审议通过的相关议案外，其他关于本次发行上市的具体细节尚未 最终确定。 佰维存储主要从事半导体存储器的研发设计、封装测试、生产和销售，主要产品及服务为半导体存储器和先进封测服务，其中半导体存储器按照应用领域不 同又分为嵌入式存储、PC存储、工车规存储、企业级存储和移动存储等。 2025上半年，佰维存储实现营收为39.12亿元，同比增长13.7%；归母净利润为-2.26亿元，而上年同期为2.83亿元。 | 主要会计数据 | 本报告期 (1-6月) | 上年同期 | | --- | --- | --- | | 营业收入 | 3.912.336.913.69 | 3.440.780.321.9 | | 利润总额 | -308.945.464.09 | 343.681.440.97 | | 归 ...

Group 1 - The company announced plans to issue overseas listed shares (H-shares) and apply for listing on the Hong Kong Stock Exchange to enhance its global strategy and brand image [2] - The company specializes in the research, design, packaging, testing, production, and sales of semiconductor memory, with products categorized into embedded storage, PC storage, automotive-grade storage, enterprise storage, and mobile storage [4] - In the first half of 2025, the company achieved operating revenue of 3.912 billion yuan, a year-on-year increase of 13.7%, but reported a net profit attributable to shareholders of -226 million yuan, compared to a profit of 283 million yuan in the same period last year [5] Group 2 - Starting from the second quarter of 2025, the company saw a recovery in sales revenue and gross margin as storage prices stabilized, with a gross margin increase of 11.7 percentage points quarter-on-quarter [5] - The company completed a targeted issuance of shares, raising approximately 1.871 billion yuan, which will be used for expanding its advanced packaging and storage manufacturing base and wafer-level advanced packaging projects [5] - The wafer-level advanced packaging project is expected to become a new growth point for future performance, with construction progressing and production expected to commence in the second half of 2025 [6]

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 来自深圳的A股上市公司佰维存储(688525.SH)发布公告称，为深化公司全球化战略布局，提升公司国际 化品牌形象，并进一步提升公司核心竞争力，公司拟发行境外上市股份(H股)股票并申请在香港联合交 易所有限公司主板挂牌上市。根据相关法律法规的要求，公司本次发行上市符合中国境内法律、法规和 规范性文件的要求和条件，同意在经过董事会和股东会审议后向中国证券监督管理委员会、香港联交所 等有关监管机构提出本次境外发行股票并上市的申请。 佰维存储表示，截至目前，公司正积极与相关中介机构就本次发行上市的相关工作进行商讨，除本次董 事会审议通过的相关议案外，其他关于本次发行上市的具体细节尚未最终确定。 佰维存储同时公告，董事会同意公司聘任天健国际会计师事务所有限公司为公司香港上市的审计机构。 佰维存储，主要从事半导体存储器的研发设计、封装测试、生产和销售，主要产品及服务为半导体存储 器和先进封测服务，致力于成为全球一流的存储与先进封测厂商。公司紧紧围绕半导体存储器产业链， 构筑了研发封测一体化的经营模式，布局存储解决方案研发、主控芯片设计、存储器封测 ...

Company Overview - Shenzhen Dawi Innovation Technology Co., Ltd. is located in Nanshan District, Shenzhen, Guangdong Province, and was established on October 25, 2000. The company was listed on February 1, 2008. Its main business involves the new generation information technology industry and automotive manufacturing, including semiconductor memory, smart terminal, and automotive businesses [2]. Business Composition - The revenue composition of Dawi includes: semiconductor memory 92.16%, slow-acting devices 4.69%, new energy materials 1.37%, rental and other 0.86%, communication equipment, computers, and other electronic devices 0.68%, and other automotive parts 0.23% [2]. Market Performance - As of September 15, Dawi's stock price increased by 2.18% to 18.26 CNY per share, with a trading volume of 266 million CNY and a turnover rate of 7.24%. The total market capitalization is 4.334 billion CNY [1]. - Year-to-date, Dawi's stock price has risen by 34.77%, with a 6.53% increase over the last five trading days, a 3.89% decrease over the last 20 days, and a 4.60% decrease over the last 60 days [1]. Shareholder Information - As of June 30, Dawi had 64,300 shareholders, an increase of 49.58% from the previous period. The average circulating shares per person decreased by 33.06% to 3,206 shares [2]. Financial Performance - For the first half of 2025, Dawi achieved a revenue of 659 million CNY, representing a year-on-year growth of 18.46%. However, the net profit attributable to the parent company was -11.68 million CNY, a decrease of 14.01% year-on-year [2]. Dividend Information - Since its A-share listing, Dawi has distributed a total of 84.29 million CNY in dividends, with 4.98 million CNY distributed over the past three years [3].

Market Overview - On August 29, the A-share market closed with a total of 80 stocks hitting the daily limit, with 66 stocks after excluding 14 ST stocks, and a limit-up rate of 80.81% [1] Top Performers - In terms of limit-up order volume, Zhaoxin Co. had the highest with 809,400 hands, followed by China Jushi, Guoan Co., and Jishi Media with 569,300 hands, 390,000 hands, and 383,200 hands respectively [2] - Tianpu Co. achieved a six-day consecutive limit-up, while Dechuang Environmental Protection had four consecutive limit-ups. Other notable performers included Jianye Co. and Yunnan Energy Investment with three consecutive limit-ups [2] Fund Flow - Based on order amount, 25 stocks had limit-up funds exceeding 100 million yuan, with Tianpu Co., China Jushi, and Industrial Fulian leading at 1.216 billion yuan, 889 million yuan, and 624 million yuan respectively [3] - Tianpu Co. announced a change in control, with new shareholders holding 50.01% of the equity after a capital increase [3] Sector Highlights Lithium Battery Sector - Several stocks in the lithium battery sector hit the limit-up, including Hanke Technology, Guoxuan High-Tech, Putailai, and others. Hanke Technology specializes in core equipment for lithium battery production [4] - Guoxuan High-Tech is expanding its market in light trucks, heavy trucks, and passenger vehicles, with stable deliveries in light trucks [4] - Putailai's products have achieved significant performance metrics suitable for eVTOL applications [4] Semiconductor Sector - Stocks such as Yuancheng Co., Chengbang Co., and Walton Technology saw limit-ups. Chengbang Co. focuses on semiconductor storage products [5][6] Financial Performance - Notable companies reporting net profit growth include Industrial Fulian with a net profit of 12.113 billion yuan, up 38.61% year-on-year, and Tongfu Microelectronics with a net profit of 412 million yuan, up 27.72% [7][8] - Rifen Co. reported a net profit of 113 million yuan, reflecting a year-on-year increase of 27.33% [9] Institutional Activity - Institutions net bought over 300 million yuan in Wancheng Group, with Tongfu Microelectronics and China Rare Earth also seeing significant net purchases [10][11] - Deep Stock Connect saw net purchases of Jianghai Co. and Xian Dao Intelligent, while the Shanghai Stock Connect had net sales of Wantong Development [12][13]

Market Overview - On August 29, the A-share market closed with a total of 80 stocks hitting the daily limit, with 66 stocks hitting the limit after excluding 14 ST stocks, resulting in an overall limit rate of 80.81% [1] Top Gainers - Tianpu Co., Ltd. had the highest limit order funding exceeding 1.2 billion yuan, with a closing price of 47.19 yuan and a limit order volume of 25.77 million shares, marking its sixth consecutive limit up [2][3] - Zhaoxin Co., Ltd. had the highest limit order volume at 809,400 hands, while China Jushi and Guoan Co., Ltd. followed with 569,300 hands and 390,000 hands respectively [2][3] - Tianpu Co., Ltd. announced a change in control with its major shareholder signing a share transfer agreement, leading to a new actual controller [2] Industry Highlights Lithium Battery Sector - Multiple stocks in the lithium battery sector hit the limit, including Hangke Technology, Guoxuan High-Tech, Putailai, and others, indicating strong market interest [4] - Guoxuan High-Tech is actively expanding its market in light trucks, heavy trucks, and passenger vehicles, with stable deliveries in light trucks and successful collaborations with major domestic and international automakers for heavy trucks [4] Semiconductor Sector - Stocks such as Yuancheng Co., Ltd., Chengbang Co., Ltd., and Walton Technology saw limit increases, reflecting positive market sentiment in the semiconductor industry [5][6] - Chengbang Co., Ltd. focuses on semiconductor storage products, including solid-state drives and embedded storage [5] Financial Performance - Industrial Fulian reported a net profit of 12.113 billion yuan for the first half of the year, a year-on-year increase of 38.61% [7] - Tongfu Microelectronics achieved a net profit of 412 million yuan, up 27.72% year-on-year [8] - Rifen Co., Ltd. reported a net profit of 113 million yuan, reflecting a 27.33% increase compared to the previous year [9] Institutional Activity - Institutions net bought shares of Wancheng Group exceeding 300 million yuan, with Tongfu Microelectronics and China Rare Earth also among the top net purchases [10]

Group 1 - The company, Wanrun Technology, primarily engages in LED, semiconductor memory, next-generation information technology, comprehensive energy services, and advertising media businesses [1] - The company conducts business collaborations based on the needs of its business development [1]

Group 1 - The company, Wanrun Technology, primarily engages in LED, semiconductor memory, next-generation information technology, comprehensive energy services, and advertising media businesses [1] - The company is actively exploring emerging niche markets for its product services, such as the application of LED technology in the field of robotic vacuum cleaners [1]

Core Viewpoint - The company reported a "revenue growth without profit increase" for the first half of 2025, with significant losses despite revenue growth, indicating challenges in the semiconductor storage market [1][2]. Financial Performance - In the first half of 2025, the company achieved operating revenue of 3.912 billion yuan, a year-on-year increase of 13.70% [1][2]. - The net profit attributable to shareholders was -226 million yuan, a year-on-year decline of 179.68% [1]. - In Q2 2025, the company recorded operating revenue of 2.369 billion yuan, with a year-on-year growth of 38.20% and a quarter-on-quarter growth of 53.50% [2]. - The gross profit margin in Q2 increased by 11.7 percentage points, reaching 18.61% in June [2]. Market Dynamics - The semiconductor storage market is experiencing a recovery, with prices stabilizing after a decline in 2024, particularly in DRAM and NAND Flash segments [2][3]. - The price of NAND Flash has seen a significant increase, driven by strong demand in enterprise SSDs, with a quarterly increase of nearly 15% [3]. - The company's revenue changes are attributed to the stabilization of storage prices and the gradual delivery of key projects [3]. Strategic Initiatives - The company is increasing its investment in R&D, with a total of 273 million yuan spent in the first half of 2025, a year-on-year increase of 29.77% [1][7]. - The workforce in R&D has grown to 1,054 employees, a 40.53% increase year-on-year [7]. - The company is focusing on advanced packaging and testing processes to enhance its offerings in AI applications, including AI smartphones and wearable devices [6][7]. Capital Raising - The company completed a targeted placement, raising a net amount of 1.871 billion yuan, aimed at expanding its advanced packaging and storage manufacturing base [7]. Stock Performance - As of August 13, 2023, the company's stock closed at 66.66 yuan per share, with a market capitalization of 30.7 billion yuan [8].

Financial Performance - The total assets of the company at the end of the reporting period amounted to 11.56 billion yuan, an increase from 7.96 billion yuan at the end of the previous year [1] - The net assets attributable to shareholders of the listed company increased from 2.41 billion yuan to 4.20 billion yuan [1] - Operating revenue for the reporting period was 3.91 billion yuan, up from 3.44 billion yuan in the previous year [1] - The total profit for the period was a loss of 308.95 million yuan, compared to a profit of 343.68 million yuan in the previous year [1] - The net profit attributable to shareholders of the listed company was a loss of 225.80 million yuan, down from a profit of 283.36 million yuan [1] - The net cash flow from operating activities was a negative 700.56 million yuan, compared to a positive 649.91 million yuan in the previous year [1] - The basic and diluted earnings per share were both -0.51 yuan, compared to 0.65 yuan in the previous year [1] - The research and development expenditure accounted for 6.98% of operating revenue, an increase from 6.11% [1] Research and Development - In the first half of 2025, the company invested 272.93 million yuan in research and development [2] - As of the end of the reporting period, the number of R&D personnel reached 1,054, representing 38.65% of the total workforce [2] - The company has obtained a total of 393 domestic and international patents and 53 software copyrights, including 171 invention patents, 166 utility model patents, and 56 design patents [2] Company Overview - Shenzhen Baiwei Storage Technology Co., Ltd. was established in 2010 and was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on December 30, 2022 [2] - The company primarily engages in the research, design, packaging, testing, production, and sales of semiconductor memory, with products categorized into embedded storage, PC storage, automotive-grade storage, enterprise-level storage, and mobile storage [2]