Core Viewpoint - Baiwei Storage has submitted a listing application to the Hong Kong Stock Exchange, with Huatai International as the sole sponsor [1] Group 1: Company Overview - Baiwei Storage is an independent semiconductor storage solution provider tailored for the AI era, possessing full-stack technical capabilities including main control chips, innovative storage solution design, and advanced packaging and testing [1] - The company operates an integrated R&D and packaging model, offering high-performance, customized semiconductor storage solutions to meet the needs of various sectors such as smart mobility, AI emerging endpoints, PCs, enterprise storage, smart vehicles, and other industries [1] - Baiwei Storage has established partnerships with numerous globally recognized clients, including Meta, Google, Xiaomi, OPPO, BYD, and Changan [1] Group 2: Market Position - Baiwei Storage is the only independent storage solution provider globally with wafer-level packaging capabilities [1] - According to Frost & Sullivan, in 2024, the company is projected to be the largest independent storage manufacturer with proprietary packaging manufacturing based on relevant revenue, as well as the largest supplier of semiconductor storage solutions for AI emerging endpoints globally [1]

Core Viewpoint - Shenzhen Baiwei Storage Technology Co., Ltd. has submitted an application for listing on the Hong Kong Stock Exchange, with Huatai International as the sole sponsor [1] Company Overview - Baiwei Storage is a leading independent semiconductor storage solution provider tailored for the AI era, possessing unique capabilities in main control chip design, innovative storage solutions, and advanced packaging technology [3][5] - The company transforms NAND and DRAM wafers into diverse storage solutions to meet the evolving demands of AI applications, ensuring high performance and customization [3] Market Position - Baiwei Storage holds a leading market position across various verticals, serving notable global clients such as Meta, Google, Xiaomi, and OPPO, showcasing its ability to deliver diverse storage solutions [4] - The company is the only independent storage solution provider globally with wafer-level packaging capabilities and is projected to be the largest independent storage manufacturer with proprietary packaging by 2024 [5] Financial Performance - For the six months ending June 30, 2022, 2023, 2024, and 2025, the company reported revenues of approximately RMB 2.986 billion, RMB 3.591 billion, RMB 6.695 billion, and RMB 3.912 billion respectively [6][7] - The company experienced a net profit of RMB 71.22 million in 2022, but reported losses in 2023 and 2025, with a projected profit of RMB 135.24 million in 2024 [6][7]

Core Viewpoint - Shenzhen Baiwei Storage Technology Co., Ltd. has submitted an application for listing on the Hong Kong Stock Exchange, with Huatai International as the sole sponsor [1] Company Overview - Baiwei Storage is a leading independent semiconductor storage solution provider tailored for the AI era, possessing unique capabilities in main control chip design, innovative storage solution design, and advanced packaging technology [3] - The company transforms NAND and DRAM wafers into diverse storage solutions to meet the evolving demands of AI applications, integrating R&D and packaging processes for enhanced efficiency and quality assurance [3] Market Position - Baiwei Storage holds a leading market position across various verticals, serving notable global clients such as Meta, Google, Xiaomi, and BYD, showcasing its ability to deliver customized storage solutions [4] - The company has established strong strategic partnerships with leading NAND and DRAM suppliers, ensuring stable supply and supporting industry development [4] Competitive Advantage - According to Frost & Sullivan, Baiwei Storage is the only independent storage solution provider globally with wafer-level packaging capabilities and is projected to be the largest independent storage manufacturer with proprietary packaging by 2024 [5] - The company is also the largest supplier of semiconductor storage solutions for emerging AI applications, positioning itself well for growth in the rapidly expanding AI market [5] Financial Performance - For the six months ending June 30, 2022, 2023, 2024, and 2025, the company reported revenues of approximately RMB 2.986 billion, RMB 3.591 billion, RMB 6.695 billion, and RMB 3.912 billion respectively, with net profits of RMB 71.22 million, a loss of RMB 630.87 million, a profit of RMB 135.24 million, and a loss of RMB 241.35 million [6][7]

Core Viewpoint - Shenzhen Baiwei Storage Technology Co., Ltd. has submitted an application for listing on the Hong Kong Stock Exchange, with Huatai International as the sole sponsor [1] Company Overview - Baiwei Storage is a leading independent semiconductor storage solution provider tailored for the AI era, possessing unique capabilities in main control chip design, innovative storage solutions, and advanced packaging technology [3][5] - The company transforms NAND and DRAM wafers into diverse storage solutions to meet the evolving demands of AI applications, emphasizing a seamless integration of R&D and packaging processes to enhance efficiency and product customization [3] Market Position - The company holds a leading market position across various verticals, serving notable global clients such as Meta, Google, Xiaomi, and OPPO, showcasing its ability to deliver diverse storage solutions [4] - Baiwei Storage is the only independent storage solution provider globally with wafer-level packaging capabilities and is projected to be the largest independent storage manufacturer with proprietary packaging by 2024 [5] Financial Performance - For the six months ending June 30, 2022, 2023, 2024, and 2025, the company reported revenues of approximately RMB 2.986 billion, RMB 3.591 billion, RMB 6.695 billion, and RMB 3.912 billion respectively, with net profits of RMB 71.22 million, a loss of RMB 630.87 million, a profit of RMB 135.24 million, and a loss of RMB 241.35 million [6][7]