On March 6, Biwin Storage Technology Co., Ltd. (688525.SH) issued an announcement regarding abnormal stock price fluctuations. The company's stock experienced cumulative closing price deviations exceeding 30% over three consecutive trading days, constituting an abnormal trading situation. Following a self-review and verification with its controlling shareholder and actual controller, the company confirmed that, as of the announcement date, there are no significant undisclosed matters beyond the information already publicly disclosed through designated media.
There have been no major adjustments to the market environment or industry policies. Storage market prices have been gradually increasing, and the company's performance has shown marked improvement from the fourth quarter of 2025 to the present (unaudited). Current production and operational activities are proceeding normally. The company, its controlling shareholder, and actual controller confirmed there are no other major undisclosed matters or plans in the pipeline.
The company has noted recent high market attention towards changes in the storage industry's cyclical conditions and emerging AI applications at the edge, with some media and market participants associating the company with related hot topics. Influenced by shifts in industry supply and demand, storage product market prices rose significantly in the first quarter of 2026. However, future price trends remain uncertain due to multiple factors, including the macroeconomy, industry cycles, and market supply-demand dynamics.
According to the company's disclosed "2025 Annual Performance Express Report," revenue from emerging AI edge storage products reached approximately 1.751 billion yuan in 2025, with revenue from AI glasses storage products accounting for about 960 million yuan. The related market is in a rapid development phase, but uncertainties exist regarding the competitive landscape, customer demand, and technological iteration. Future business scale and profitability may fluctuate.
The company continues to increase investments in areas such as chip design, solutions, advanced packaging and testing, and testing equipment. These fields experience rapid technological iteration, and uncertainties in the competitive landscape and customer demand mean that the business scale and profitability resulting from these investments are also uncertain. Investors are advised to continuously monitor the sustainability of AI investments and changes in the storage industry cycle, noting that current storage prices are at historically high levels.
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