BIWIN STORAGEResubmits Listing Application to HKEX
I'm LongbridgeAI, I can summarize articles.BIWIN STORAGEhas resubmitted its listing application to the Hong Kong Stock Exchange, with Huatai International as the sole sponsor. The funds from the listing will enhance R&D, marketing, international operations, and working capital. The company, which manufactures NAND and DRAM storage solutions, reported a 68.8% revenue increase to RMB11.302 billion and a profit surge of 4.3x to RMB853 million last year. BIWIN STORAGE is recognized as a leading independent storage solution provider with wafer-level packaging technology, ranking among the top 15 global market participants in 2025.
According to information from the Hong Kong Stock Exchange, BIWIN STORAGE (688525.SH) +1.510 (+0.489%) has resubmitted its listing application, with Huatai International acting as the sole sponsor. The net proceeds from the proposed listing are intended to be used for enhancing research and development capabilities and driving product innovation; sales and marketing activities, international business operations and global customer services; potential strategic investments, partnerships and merger and acquisition opportunities; as well as working capital and general corporate purposes.
The company procures NAND and DRAM wafers from suppliers and foundries, and manufactures diversified storage solutions in the form of NAND Flash, DRAM or MCP. Its solutions serve numerous globally renowned customers, including Meta Platforms, Inc. (META.US) , Google, BABA-W (09988.HK) -2.200 (-1.650%) Short selling $1.09B; Ratio 38.528% , XIAOMI-W (01810.HK) -0.100 (-0.318%) Short selling $833.26M; Ratio 75.438% , OPPO, vivo, Honor, TRANSSION HOLDINGS (688036.SH) -0.330 (-0.566%) , Motorola, ZTE (00763.HK) -0.020 (-0.076%) Short selling $41.17M; Ratio 18.966% , TCL, HP Inc. (HPQ.US) , LENOVO GROUP (00992.HK) -0.160 (-1.236%) Short selling $290.25M; Ratio 56.223% , Acer, ASUS, Positivo, BYD COMPANY (01211.HK) -2.950 (-2.954%) Short selling $611.80M; Ratio 130.831% and Changan.
Financial data showed that the companys revenue rose 68.8% YoY to RMB11.302 billion last year, while profit surged 4.3x to RMB853 million.
According to Frost & Sullivan, BIWIN STORAGE is the worlds only independent storage solution provider with wafer-level packaging technology. Based on sales revenue in 2025, the company ranked among the top 15 global market participants in the storage products industry, with a market share of approximately 0.5%. (jl/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-12 16:25.) (A Shares quote is delayed for at least 15 mins.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)