Core Viewpoint - The storage chip market is experiencing price increases, prompting a major shareholder of Purun Co., Ltd. to plan a share reduction after a significant rise in stock price [1][2] Group 1: Shareholder Actions - Shanghai Zhixiang, the second-largest shareholder of Purun Co., plans to transfer 5.5832 million shares, accounting for 3.77% of the total share capital [1][2] - The transfer is motivated by the shareholder's personal funding needs and will not occur through the secondary market [2] Group 2: Stock Performance - Purun's stock price surged from 74.18 yuan per share on September 3 to 146.14 yuan per share on November 3, marking a 97% increase over two months [2] - The company's market capitalization reached 21.636 billion yuan following this price increase [1] Group 3: Industry Context - The price surge in the storage industry is attributed to tightening supply in NAND and DRAM markets, driven by increased demand from AI applications [3][5] - TrendForce forecasts that HBM demand will grow by over 130% annually by 2025, with continued growth expected in subsequent years [3] Group 4: Company Financials - For the first three quarters of 2025, Purun reported revenue of 1.433 billion yuan, a year-on-year increase of 4.89%, but a profit drop of 79.98% [4] - In Q3, the company achieved revenue of 527 million yuan, up 11.94% year-on-year, but profits fell by 87.95% due to a decrease in gross margin and increased asset impairment losses [4][5]