Institutional Research | Storage Chips + Lithium Mining Concept + New Energy Vehicles This Company's Enterprise-Grade SSD Sales Proportion Significantly Increased Its Subsidiary Mining Resources Have Considerable Value

On March 17, multiple listed companies released investor relations activity record announcements, disclosing their business communication content with institutions, revealing many progress and highlights in their business layouts.

Dawei Co., Ltd.: eMMC Large Capacity Products Completed Sample Testing

Yesterday, Dawei Co., Ltd. was surveyed by nearly 60 institutions including Huafu Securities, Huatai Asset Management, and Western Lide Fund.

During the survey, Dawei stated that by 2025, the company’s semiconductor storage business has achieved significant market expansion, successfully introducing multiple key industry clients, and making breakthroughs in markets such as Xinchuang, communications, consumer electronics, and servers. This marks an upgrade in the company’s customer structure toward high-end, demand customization, and strategic cooperation.

“The core growth logic for the semiconductor storage business in 2025 is the super cycle of industry price increases + domestic substitution + explosive demand in AI scenarios, stacking three red dividends. The company accurately grasps industry cycles, efficiently releases strategic inventory reserves for profit, and optimizes product structure.”

Dawei also said that on one hand, the main products DDR4/LPDDR4X/eMMC series maintain stable sales, with a significant increase in sales of server memory modules and enterprise SSDs; on the other hand, they continue to promote LPDDR5 certification and application, initiate R&D of embedded UFS storage products, and have completed sample testing of large-capacity eMMC products, upgrading towards high-end and intelligent products.

In terms of supply chain construction, Dawei is strengthening its layout with domestic manufacturers such as Yangtze Memory and Changxin Memory, while also using products from international storage companies like Samsung and Hynix. Some storage products now adopt NAND solutions from Yangtze Memory and DRAM solutions from Changxin Memory. The company has established supply relationships with multiple OEM agents and made strategic stockpiles to effectively ensure future raw material supply.

Regarding new energy business, Dawei highlighted that the Guanyang Dachongli Mine has significant resource advantages: resource reserves meet large mine standards, with feldspar resources of 209.533 million tons, associated lithium minerals of 323,700 tons, tungsten of 65,500 tons, and tin of 14,100 tons.

According to current market conditions, resource reserves, and experimental results, the potential value of lithium, tungsten, tin, and other resources at Guanyang Dachongli Mine is substantial. The mine can also produce large quantities of high-quality kaolin, quartz, and feldspar, with considerable value.

Dawei mainly focuses on semiconductor storage and new energy industries. In 2025, the company achieved revenue of 1.222 billion yuan, a year-on-year increase of 16.74%, with semiconductor storage revenue surpassing 1 billion yuan for the first time; net profit attributable to parent decreased by 67.73% year-on-year.

Recently, the company announced a private placement plan, proposing to raise no more than 108.5 million yuan through a simplified process, all for embedded storage R&D and industrialization projects.

Huajin Securities’ January research report pointed out that considering the company’s ongoing expansion in storage business and active promotion of lithium mining rights transfer to mining rights, it was first covered and given a “Buy” rating.

In the secondary market, Dawei’s stock price slightly declined by 2.51% today, with a 2.57% increase this month.

Chengtou Holdings: Luxiangyuan·Tianyue Project Has Multiple Core Competencies and Will Be Delivered on Schedule

Recently, Chengtou Holdings was surveyed by six institutions including Huatai Securities and Siyeye Investment. Investors visited the site of the company’s Luxiangyuan·Tianyue project, including three main model homes, to directly experience the layout, refined decoration quality, and space design.

During the survey, Chengtou Holdings stated that the core competitiveness of the Luxiangyuan·Tianyue project includes: first, the project is backed by the 640,000-square-meter Luxiangyuan area, enjoying a tranquil living environment and high-end amenities, and is developing in coordination with Daya Yuan, Xintiandi, Jinling East Road, and the Bund; second, the project offers scenic views, with high-rise units able to overlook the Bund, Huangpu River, and Lujiazui, making it one of the best scenic locations among Huangpu’s on-sale projects.

Meanwhile, the project is located within the old city area, immersed in the rich historical and cultural heritage of Luxiangyuan, the origin of Haipai culture, with 11 historical buildings in the area, making its land cultural attributes and scarcity irreplaceable. Additionally, the project features international top-tier brand finishes and carefully selected luxury stones, crafted with exquisite craftsmanship, representing a meticulously refined quality work by Chengtou.

The project is currently structurally topped out, with exterior decoration and interior finishing underway. Construction is progressing smoothly, and delivery will be on schedule. Future quality control will focus on key stages of construction and acceptance, implementing full-process, detailed management to ensure project quality standards.

Chengtou Holdings is a comprehensive real estate group mainly engaged in property development, operation, and investment, with business covering the entire real estate lifecycle, including commercial housing development and sales, affordable rental housing development and operation, and technology park development and operation.

Today, real estate stocks showed an opposite trend, with multiple stocks like Jinneng Real Estate hitting the daily limit, and Chengtou Holdings closing up 1.21%. Regarding ETF products, the Real Estate ETF (512200) closely tracks the CSI All Share Real Estate Index, with top ten weights including Poly Developments, China Merchants Shekou, Binjiang Group, etc. As of today’s close, the Real Estate ETF (512200) rose 0.34%, with a trading volume exceeding 220 million yuan.

(Source: Oriental Fortune Research Center)