On the evening of May 15th, Biwin Storage Technology Co.,Ltd. (688525) announced that it plans to sign a strategic cooperation agreement with Beijing HaiGuangXinZheng Technology Co., Ltd. The two parties intend to deepen their collaboration in the packaging business for photoelectric interconnection products, aiming to jointly serve the AI computing power infrastructure market.
According to the announcement, as a leading independent semiconductor storage and advanced packaging service provider, Biwin Storage plans to leverage its wafer-level packaging capabilities and resources within the AI industry chain ecosystem. It aims to use advanced packaging as a technological foundation to meet the demands of AI high-speed interconnection, building a comprehensive service platform encompassing "storage, computing, and transmission." HaiGuangXinZheng, as an innovative domestic provider of one-stop solutions for high-speed photoelectric interconnection, focuses on the research, development, production, and technical services of silicon photonics chip design and solutions, high-speed optoelectronic devices, and high-speed optical modules, with its business covering the AI data center market.
Under the cooperation agreement, Biwin Storage and/or its subsidiaries plan to enter into an OEM agreement with HaiGuangXinZheng, stipulating that the company and/or its subsidiaries will manufacture photoelectric interconnection products for HaiGuangXinZheng. Due to the current tight supply and high prices of silicon photonics chips and other raw materials, which involve significant procurement costs, and following friendly negotiations, Biwin Storage and/or its subsidiaries intend to provide financial support to HaiGuangXinZheng to assist with the procurement of these materials.
The maximum amount of this financial support will not exceed 2 billion yuan. The credit line can be reused within the agreed period. The interest rate for the funds will be determined by Biwin Storage based on comparable market financing rates and shall not be lower than the company's actual financing rate during the same period. Interest will be calculated based on the number of days the funds are utilized by HaiGuangXinZheng. This financial support is unsecured.
Biwin Storage stated that the proposed financial support to HaiGuangXinZheng is based on the strategic cooperation agreement between the two parties and has a genuine business foundation. It is intended to enhance the company's collaborative capabilities with partners across the industry chain. While the support is unsecured, the strategic cooperation agreement allows the company to stay informed about HaiGuangXinZheng's credit status and fulfillment capabilities in a timely manner, ensuring the safety of the company's funds. The risks associated with this financial support are considered controllable.
The Board of Directors of Biwin Storage believes that signing the strategic cooperation agreement and providing financial support to HaiGuangXinZheng will facilitate the smooth progress of the cooperative project, enhance industrial synergy by leveraging the respective strengths of both parties, and benefit the company's business development. This move aligns with the overall interests of the company and does not harm the interests of the company or its shareholders, particularly minority shareholders. The Board has approved the signing of the strategic cooperation agreement and the provision of financial support.
It is worth noting that against the backdrop of the AI wave and a super-cycle of price increases in the storage sector, Biwin Storage's latest financial performance is impressive. The company's disclosed Q1 2026 report shows revenue of 6.814 billion yuan, a year-on-year increase of 341.53%. Net profit attributable to the parent company reached 2.899 billion yuan, turning a profit compared to a loss of 197 million yuan in the same period last year.
Biwin Storage attributed the significant performance growth during the reporting period primarily to the explosion of AI computing power, which has driven the storage industry into a high-growth cycle. Strong market demand has continued to push product prices higher. In 2026, the company seized the industry's upward opportunity, vigorously expanded its global key customer base, and achieved breakthroughs in market and business growth.
Financial statements show that as of the end of Q1 2026, Biwin Storage's book cash and cash equivalents stood at 3.795 billion yuan, an increase of over 2 billion yuan from 1.744 billion yuan at the end of 2025.
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