The storage industry is incredibly profitable! Biwin Storage's semi-annual report is out: a year ago it lost 2.26 billion, now it's raking in 71.66 billion.

Biwin Storage disclosed its 2026 semi-annual report today, achieving operating revenue of 15.575 billion yuan in the first half of the year, a year-on-year increase of 298.10%; net profit attributable to shareholders of the listed company was 7.166 billion yuan, compared to a loss of 226 million yuan in the same period last year, turning from loss to profit year-on-year.

Breaking it down by quarter, Q2 single-quarter net profit was 4.267 billion yuan, up 47% quarter-on-quarter from Q1's 2.899 billion yuan. From a loss to a profit level of over 7 billion yuan, Biwin Storage accomplished this in just one year.

Biwin Storage stated that the rapid growth in performance is mainly attributed to the explosion of AI computing power and the storage industry entering a high-prosperity cycle. The company's product and customer structure has been continuously optimized, while the company has been increasing investment in areas such as chip design, advanced packaging and testing, and test equipment.

Biwin Storage's performance surge is not an isolated case. Longsys achieved a net profit attributable to shareholders of 10.577 billion yuan in the first half of the year, a year-on-year increase of over 600 times; Shannon Semiconductor is expected to achieve a net profit attributable to shareholders of 3.5 billion to 4 billion yuan in the first half of the year.

Since the storage industry entered an upward cycle in 2025, continuous price recovery has driven profit improvements across the supply chain. As a leading domestic storage module manufacturer, Biwin Storage's semi-annual report delivering a turnaround from loss to profit provides the latest evidence of the certainty of the storage recovery.

In terms of capacity planning, the company's wafer-level advanced packaging and testing manufacturing project plans to achieve a monthly capacity of 5,000 wafers by the end of 2026, and plans to increase it to 10,000 wafers per month by the end of 2027. If customer qualification proceeds smoothly, it is expected to officially begin contributing revenue from the end of 2026.

According to Frost & Sullivan data, Biwin Storage is the world's only independent storage solution provider with wafer-level packaging and testing capabilities.