Chinese memory maker Biwin (688525) has reported explosive growth for the first two months of 2026, with net profit surging as much as 1,086% year-over-year—a dramatic turnaround from losses in the same period last year.
The Numbers:
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Revenue: $5.5B-$6.2B (40-45B yuan), up 340%-395%
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Net profit: $2.1B-$2.5B (15-18B yuan), up 922%-1,086%
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Core profit (ex-items): $1.9B-$2.2B (13.5-16B yuan)
Why the Explosion?
Biwin cited a "highly prosperous" memory market driven by twin engines: AI computing explosion and domestic substitution trends. DRAM and NAND prices continue surging amid supply tightness. The company has also deepened investments in chip design, advanced packaging, and testing to capture AI-driven demand.
Turnaround Story: From $252M loss in Jan-Feb 2025 to massive profits now.
ICgoodFind : Biwin's 10x profit surge proves memory makers are the biggest winners in the AI hardware arms race—with no slowdown in sight.
