Storage price increase enters performance realization period; institutions closely watch multiple concept stocks ( list )

The surge in storage chip prices continues, benefiting listed companies’ performance as their results rise accordingly.

Samsung’s Q1 DRAM Prices Increase by Up to 100%

According to media reports, on March 4th, Samsung Electronics completed final negotiations with major clients last month for Q1 DRAM supply prices. The average prices for server, PC, and mobile DRAM increased by about 100% compared to the previous quarter, doubling from Q4 of last year, with some clients and products experiencing even higher increases exceeding 100%.

The report cites industry insiders who revealed that negotiations have been fully concluded, and some overseas clients have already made payments. This increase, compared to the 70% level negotiated in January this year, has expanded by about 30 percentage points within just a month.

Additionally, TrendForce reports that due to severe supply and demand imbalance in NAND Flash, manufacturers are strongly inclined to continue raising prices. TrendForce has raised its forecast for overall NAND Flash prices in Q1 by 85% to 90% quarter-over-quarter, with revenue levels expected to grow again.

Storage Chip Companies Show Strong Performance

The high prosperity in the storage chip industry is reflected in the performance of listed companies.

Leading domestic storage chip company Biyi Storage announced that in 2025, it achieved revenue of 11.296 billion yuan, a year-on-year increase of 68.72%; net profit attributable to shareholders was 867 million yuan, up 437.56%. It is expected that in January-February 2026, revenue will reach 4 to 4.5 billion yuan, a year-on-year increase of 340% to 395%; net profit attributable to shareholders will be 1.5 to 1.8 billion yuan, turning profitable from losses.

Regarding the reasons for performance changes, Biyi Storage stated that 2026 will see a high prosperity cycle in the storage industry, driven by AI computing power and domestic substitution, leading to continuous price increases in DRAM and NAND. The industry faces supply shortages, and the company benefits significantly. Additionally, to enhance its market competitiveness in the AI era, the company continues to increase investments in chip design, solutions, advanced packaging and testing, and testing equipment.

Besides Biyi Storage, several other storage chip companies reported positive results.

De Mingli’s annual report last Friday showed that in 2025, it achieved revenue of 10.789 billion yuan, a 126.07% increase, surpassing 10 billion yuan for the first time; net profit attributable to shareholders was 688 million yuan, up 120.77%. Lanshi Technology’s quick report indicated that in 2025, it achieved revenue of 5.456 billion yuan, up 49.94%; net profit attributable to shareholders was 2.236 billion yuan, up 58.35%.

The Upward Cycle in Storage May Continue Until 2027

A Goldman Sachs report released in February 2026 pointed out that the global storage chip market is facing the most severe supply shortage in the past 15 years. In 2026, the supply-demand gap for DRAM, NAND, and HBM is expected to reach 4.9%, 4.2%, and 5.1%, respectively. This shortage is expected to persist until 2027 or even longer.

Dongguan Securities research reports suggest that the rapid increase in demand for high-density storage in AI data centers may extend the upward cycle in the storage chip industry until 2027. The core logic is that AI demand is highly rigid and sustained; rising storage chip prices drive profit growth for related companies; semiconductor equipment and materials companies benefit from advanced process expansion and local supply chain development; combined with policy support, the overall industry outlook remains optimistic.

China Galaxy Securities also pointed out that the current period marks a new start for the next cycle in the storage chip sector. Under the backdrop of rapid growth in AI server demand and domestic innovation, they are optimistic about investment opportunities in related listed companies in the domestic storage industry chain. They recommend paying attention to IC design firms, storage module manufacturers, and AI-related PCB companies.

Multiple Concept Stocks Attract Institutional Research

The Oriental Wealth concept sector shows that about 100 stocks in the A-share market are related to storage chips, with a total market value exceeding 4.3 trillion yuan. SMIC leads with a market cap of 8.536 trillion yuan; other notable companies include Microchip, Huahong Microelectronics, Zhaoyi Innovation, Lanshi Technology, and Shennan Circuit, each around 200 billion yuan.

Since the beginning of the year, about 70% of storage chip concept stocks have seen stock price increases, with an average rise of about 14%. Notably, Purun shares surged by 90%, Dico shares increased by 78.52%, Jiangfeng Electronics and Delong Laser rose over 62%, and Hengshuo, Biyi Storage, and Kexiang each gained over 50%.

In terms of funding, data from Oriental Wealth Choice shows that 28 concept stocks received net financing inflows exceeding 100 million yuan this year. Biyi Storage attracted a large influx of 1.023 billion yuan; Jiangbolong and Tongfu Microelectronics had net financing of 751 million and 623 million yuan, respectively. Lanshi Technology, De Mingli, and Kexiang each received over 400 million yuan in leverage funding.

Institutional attention since 2026 includes 30 storage chip concept stocks, with Jingzhida leading with 277 institutional visits. Companies like YingTang Zhikong, Huaren Micro, Dongxin, and Dike each received visits from over 100 institutions. Six stocks, including Zhongwei Semiconductor, Tongfu Microelectronics, Biyi Storage, and Purun, were visited by more than 30 institutions.

Jingzhida revealed during institutional visits that with the rapid development of the domestic storage industry and sustained market demand, the company has disclosed contracts worth over 2 billion yuan since 2025, reflecting strong downstream customer demand for testing equipment. Currently, semiconductor orders are highly active, and the company’s core capacity is at full utilization, actively ensuring product delivery for strategic clients.

Dongxin stated that the storage products involved are generally in a rising price trend, showing a continuous positive outlook.

Dike indicated that over the next three years, based on market demand and the company’s core competitiveness in storage business, sustained growth is expected.