Core Insights - BIWIN, a leading domestic storage brand, has signed a deep strategic cooperation agreement with JD.com to collaborate on consumer-grade storage products, aiming to provide reliable and high-speed data storage solutions in response to the market changes brought by AI technology [1][6]. Group 1: Strategic Collaboration - The partnership marks a significant step for BIWIN in enhancing its retail channel layout and getting closer to end-users, focusing on consumer-grade storage applications [3][8]. - BIWIN leverages its full-chain technical capabilities in "innovative storage solutions + advanced packaging testing" to continuously convert technology into high-performance and high-reliability products [3][8]. - JD.com provides a robust platform support with its superior consumer insights and "super supply chain" system, enabling BIWIN to respond quickly to market demands and accurately reach users [3][8]. Group 2: Market Expansion Focus - The collaboration is specifically aimed at expanding BIWIN's presence in the consumer market, identifying and defining new storage consumption scenarios based on JD.com's user demand insights [4][10]. - The partnership will cover various categories, including internal and external storage, catering to differentiated needs from gamers, content creators, to ordinary users [4][10]. - JD.com's omnichannel marketing and service system will assist BIWIN in achieving more refined product planning and market positioning, creating popular products across multiple scenarios such as office and gaming [4][10]. Group 3: Future Innovations and Trends - The explosive growth of AI technology is driving urgent demand for high-speed, large-capacity storage hardware, which BIWIN is proactively addressing with its consumer-grade products [4][10]. - Both companies plan to explore innovative scenarios such as trend forecasting, product customization, smart recommendations, and digital live streaming to capture the smart storage consumer market more efficiently and cost-effectively [4][10]. - BIWIN will increase R&D and innovation investments, launching more trend-setting star products, while JD.com will provide ongoing support for BIWIN's long-term development through its digital social supply chain capabilities [6][12].

Market Overview - The A-share market exhibited a fluctuating and differentiated pattern last week, with major indices showing mixed performance and active rotation among hot sectors [1][7] - Institutions generally hold an optimistic outlook, believing the market is likely to trend upward [1][7] - As of January 25, over 950 companies have disclosed their 2025 earnings forecasts, with around 40% of these companies showing positive performance [1][7] Semiconductor Industry - The semiconductor industry, particularly companies related to artificial intelligence, data center construction, and domestic substitution, is expected to see strong earnings growth in 2025 [1][8] - Notable companies include: - Zhongwei Semiconductor expects revenue of approximately 1.122 billion yuan, a year-on-year increase of about 23%, and a net profit of 284 million yuan, up approximately 107% [8] - Juchip Technology anticipates revenue of 922 million yuan, a 41.44% increase, and a net profit of 204 million yuan, up 91.40% [2] - Baiwei Storage forecasts revenue between 10 billion to 12 billion yuan, a growth of 49.36% to 79.23%, and a net profit of 850 million to 1 billion yuan, a staggering increase of 427.19% to 520.22% [3][9] Pharmaceutical Industry - The pharmaceutical sector is experiencing a "polarized" performance, with over 60 companies disclosing earnings forecasts, about half of which are positive [1][9] - Key performers include: - Zhaoyan New Drug expects a net profit of approximately 233 million to 349 million yuan, a year-on-year increase of 214% to 371% [10] - Shanghai Yizhong anticipates a net profit of 6 million to 7 million yuan, a growth of 760.18% to 903.54% [10] - However, companies like Zhifei Biological are projected to incur significant losses, with an expected net loss of 10.7 billion to 13.7 billion yuan [10][5] Banking Sector - As of January 25, eight listed banks have released earnings reports, with all showing year-on-year growth in net profit [5][11] - Key statistics include: - China Merchants Bank's total assets surpassing 13 trillion yuan, and Industrial Bank exceeding 11 trillion yuan [11] - The highest net profit growth among these banks is from Hangzhou Bank at 12.05%, followed by Shanghai Pudong Development Bank at 10.52% [11] - The growth drivers for banks include improved cost of liabilities and rapid growth in intermediary business income, with Ningbo Bank's net income from fees and commissions increasing by 30.72% [12]

Core Viewpoint - The company, Baiwei Storage, has successfully integrated its ePOP series products into various AI/AR devices for major global companies, indicating strong market demand and application in the smart wearable sector [1] Group 1: Company Developments - Baiwei Storage's ePOP series products are currently utilized by renowned companies such as Meta, Google, Xiaomi, Alibaba, Xiaotiancai, Rokid, and Leiting Innovation in their AI/AR glasses and smartwatches [1] - The company is actively expanding its customer base in the AI glasses market, showcasing its commitment to growth and innovation in the smart wearable technology space [1]

Core Insights - The semiconductor industry is experiencing significant performance differentiation as over 50 listed companies release their 2025 earnings forecasts, with some companies thriving while others struggle [1] IC Design - The IC design sector shows stark performance disparities, with digital chip companies experiencing both high revenue growth and losses, while the analog chip segment continues to see performance divergence [2] - Notable companies include: - Moer Technology: Expected revenue of 1.45 billion to 1.52 billion yuan, a growth of 230.70% to 246.67%, but a net loss of 1.04 billion to 1.15 billion yuan [3] - Longxin Zhongke: Expected revenue of 635 million yuan, with a net loss of approximately 449 million yuan [4] - Jingjia Micro: Revenue forecast of 650 million to 850 million yuan, with a net loss of 120 million to 180 million yuan [4] CPU and GPU Companies - Moer Technology's revenue is projected to grow significantly, with a continuous high growth trend despite ongoing losses, attributed to the rapid penetration of domestic GPUs in AI training and inference scenarios [5][6] - Longxin Zhongke and Jingjia Micro also show reduced losses, indicating a trend of narrowing losses in the sector [4][5] MCU, SoC, and CIS Companies - Companies in the MCU, SoC, and CIS segments are showing stable growth, with some achieving significant profit increases: - Zhongke Blue Communication: Expected revenue of 1.83 billion to 1.85 billion yuan, with a slight decline in net profit [7] - Ruixin Micro: Revenue forecast of 4.387 billion to 4.427 billion yuan, with net profit growth of 71.97% to 85.42% [7] - Allwinner Technology: Expected net profit growth of 50.53% to 76.92% [7] Storage Chip Companies - The storage chip industry is entering a "super cycle," with all companies reporting high growth, driven by rising DRAM and NAND prices and increased demand from AI servers: - Baiwei Storage: Expected revenue of 10 billion to 12 billion yuan, with net profit growth of 427.19% to 520.22% [10] - Demingli: Revenue forecast of 10.3 billion to 11.3 billion yuan, with net profit growth of 85.42% to 128.21% [11] - The storage market is experiencing a "super bull market," with prices expected to rise further in 2026 [11][12] Analog Chip Companies - The analog chip sector is witnessing a recovery, with some companies turning profitable: - Sirepu: Expected revenue of 2.13 billion to 2.15 billion yuan, with a return to profitability [13] - Awei Electronics: Expected net profit growth of 17.7% to 29.47% [13] - However, companies focused on consumer electronics are facing challenges due to market downturns [14] Semiconductor Equipment and Testing - The semiconductor equipment and testing sectors are benefiting from the AI computing revolution, with significant growth in earnings: - Chip equipment companies are seeing increased demand due to domestic wafer plant expansions [16] - Tongfu Microelectronics: Expected net profit of 1.1 billion to 1.35 billion yuan, with growth of 62.34% to 99.24% [17] - The storage chip industry is also experiencing a price increase, impacting the testing segment positively [17]

Core Viewpoint - The company has established a strong competitive position in the AI edge storage market, with its ePOP series products being utilized by several prominent companies in the AI/AR glasses and smart wearable devices sector [1] Group 1: Product Applications - The company's ePOP series products are currently being used by major companies such as Meta, Google, Xiaomi, Alibaba, and others in their AI/AR glasses and smartwatches [1] - The company is actively expanding its customer base in the AI glasses segment [1]

Core Insights - A total of 152 companies on the Sci-Tech Innovation Board have issued performance forecasts for 2025, with 48 companies expecting losses, 41 expecting profit increases, 36 expecting reduced losses, 16 expecting profit declines, and 11 expecting profits [1][6][7]. Performance Forecast Summary - Among the companies forecasting performance, 41 are expecting profit increases and 11 are expecting profits, resulting in a total of 34.21% of companies reporting positive forecasts [6][7]. - There are 26 companies expecting a net profit increase of over 100%, while 19 companies expect a net profit increase between 50% and 100% [7]. - Shanghai Yizhong is projected to have the highest net profit increase at 831.86%, followed by Baiwei Storage at 473.71% and Fumiao Technology at 441.60% [7][8]. Industry Analysis - The companies expecting a net profit increase of over 50% are primarily concentrated in the electronics, machinery equipment, and pharmaceutical biotechnology sectors, with 15, 9, and 7 companies respectively [7][8]. - The average increase in stock prices for high-growth companies on the Sci-Tech Innovation Board this year is 18.78%, with Baiwei Storage showing the highest increase of 57.33% [7]. Capital Flow Insights - In terms of capital flow, the stocks with significant net inflows over the past five days include Lankai Technology, Sitwei, and Zhongwei Semiconductor, with net inflows of 490 million, 164 million, and 153 million respectively [2][7]. - Conversely, Baiwei Storage, Dingtong Technology, and Qiangyi Co. experienced significant net outflows, with amounts of 2.245 billion, 271 million, and 195 million respectively [2][7].

（文章来源：证券日报） 证券日报网讯 1月26日，佰维存储发布公告称，公司已完成注册资本的工商变更登记，注册资本由 466708301元变更为467131710元，股份总数由466708301股变更为467131710股。 ...

Core Viewpoint - The article discusses the anticipated price increases in NAND flash memory and DRAM products due to rising raw material costs, with predictions of significant price hikes in the first quarter of 2026 [3][4]. Price Predictions - Samsung Electronics is expected to raise NAND flash supply prices by over 100% in Q1 2026, although some analysts predict the increase may be around 50% [3][5]. - TrendForce forecasts a price increase of 33% to 38% for NAND flash products and 55% to 60% for general DRAM products in the first quarter [3]. Supply Chain Dynamics - The supply of storage materials is reported to be very tight, with upstream material prices expected to rise by approximately 40% to 50% [4][6]. - The demand for storage chips is primarily driven by AI computing centers, which may lead to prolonged price increases due to supply-demand imbalances [6]. Financial Performance of Storage Companies - Several A-share storage companies have reported significant profit increases due to rising storage prices, with Bawei Storage expecting revenue of 10 billion to 12 billion yuan, a year-on-year increase of 49.36% to 79.23% [7]. - Demingli anticipates revenue of 10.3 billion to 11.3 billion yuan, reflecting a year-on-year growth of 115.82% to 136.77% [7]. Impact on Consumer Electronics - The rising costs of storage materials are expected to pressure downstream manufacturers, potentially leading to reduced purchasing willingness among consumers [7]. - The average prices of high-end and mid-range laptops have increased by 500 to 800 yuan and 400 to 500 yuan, respectively, due to rising storage costs [7]. - Global shipments of major consumer electronics, including TVs, smartphones, and laptops, are projected to decline by 4% year-on-year due to these price increases [7].

深圳佰维存储科技股份有限公司 二〇二六年一月 章程 | 第一章 | 总则 2 | | | --- | --- | --- | | 第二章 | 经营宗旨和范围 3 | | | 第三章 | 股份 3 | | | 第一节 | 股份发行 | 3 | | 第二节 | 股份增减和回购 | 5 | | 第三节 | 股份转让 | 6 | | 第四章 | 股东和股东会 | 7 | | 第一节 | 股东的一般规定 | 7 | | 第二节 | 控股股东和实际控制人 | 9 | | 第三节 | 股东会的一般规定 | 11 | | 第四节 | 股东会的召集 | 13 | | 第五节 | 股东会的提案与通知 | 14 | | 第六节 | 股东会的召开 | 15 | | 第七节 | 股东会的表决和决议 | 18 | | 第五章 | 董事和董事会 | 23 | | 第一节 | 董事的一般规定 | 23 | | 第二节 | 董事会 | 26 | | 第三节 | 独立董事 | 30 | | 第四节 | 董事会专门委员会 | 33 | | 第六章 | 高级管理人员 | 34 | | 第七章 | 财务会计制度、利润分配和审计 | 36 | | 第一 ...

深圳佰维存储科技股份有限公司 独立董事提名人声明与承诺 提名人孙成思，现提名孙广宇为深圳佰维存储科技股份有限 公司第四届董事会独立董事候选人，并已充分了解被提名人职业、 学历、职称、详细的工作经历、全部兼职、有无重大失信等不良 记录等情况。被提名人已书面同意出任深圳佰维存储科技股份有 限公司第四届董事会独立董事候选人（参见该独立董事候选人声 明）。提名人认为，被提名人具备独立董事任职资格，与深圳佰 维存储科技股份有限公司之间不存在任何影响其独立性的关系， 具体声明并承诺如下： 二、被提名人任职资格符合下列法律、行政法规和部门规章 的要求： （一）《中华人民共和国公司法》等关于董事任职资格的规 定； （二）《中华人民共和国公务员法》关于公务员兼任职务的 规定（如适用）； （三）中国证监会《上市公司独立董事管理办法》、上海证 券交易所自律监管规则以及公司章程有关独立董事任职资格和 －1－ 一、被提名人具备上市公司运作的基本知识，熟悉相关法律、 行政法规、规章及其他规范性文件，具有五年以上法律、经济、 会计、财务、管理等履行独立董事职责所必需的工作经验。 被提名人已经参加培训并取得证券交易所认可的相关培训 证明材料 ...