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After Successful IPO, BIWIN Begins Trading on Shanghai Stock Exchange (Sci-Tech Innovation Board)

Date:2022/12/30 Read:267

[Shenzhen, Dec. 30th, 2022] BIWIN Storage Technology Company Limited (known as BIWIN at Stock Symbol: 688525) successfully joined on Sci-tech Innovation Board on December 30th.

BIWIN IPO Listing

(BIWIN Begins Trading on Shanghai Stock Exchange)

Officials, brokerage leaders, and executives attended the ceremony and rang the stock exchange gong together.

BIWIN Ceremony

(Officials, Brokerage Leaders and Executives Rang the Gong Together)

Being listed on the Shanghai Stock Exchange (S.S.E.) opens a new chapter for the company.

BIWIN Chairman Mr. Sam Sun notes, "It is a historic moment for the company to start trading on the S.S.E., creating further momentum for our business. The listing is a big step, allowing BIWIN to further increase investment in R&D as a company priority, expand our landscape in the field of advanced packaging and testing, and improve the company’s competitiveness. With a focus on both the Chinese market and a global reach, BIWIN is on the way to fulfilling its mission as a world-leading storage brand and advanced packaging and testing service provider."

BIWIN Chairman Mr. Sam Sun

(BIWIN Chairman Mr. Sam Sun Made A Speech)

BIWIN 688525

(Group Photo of Officials, Brokerage Leaders and Executives)

Founded in 2010, BIWIN focuses on R&D, packaging and testing, and sales of flash and DRAM products. The company works with three main production lines: embedded memory, consumer-grade storage products, and storage products for industrial use.

From 2019 to 2021, BIWIN’s operating income was CNY ¥1.174 billion, CNY ¥1.642 billion, CNY ¥2.609 billion respectively, a CAGR of 30.50%. And its net profit in these three years reached respectively CNY ¥18.661 million, CNY ¥27.3841 million, CNY ¥118.254 million-- a CAGR of 85.05%.

 

About BIWIN

From chip-to-client, with end-to-end flash storage solutions, BIWIN is setting the cornerstone for the Internet of Everything era.

BIWIN products are mainly used in mobile smart terminals, PC, enterprise storage, smart in-vehicle, industry terminals, and mobile storage. While the brand BIWIN targets the business market, Biwintech and our officially licensed brands (HP, Acer, and Predator) are designed for the booming consumer market.

Thanks to years of huge R&D investment and technological innovation, BIWIN can demonstrate an in-depth knowledge of the characteristics of storage mediums, develop core firmware algorithms, offer advanced IC packaging and testing services, grow self-developed production tools and machinery, and benefit from its latest facility with nearly 10X increased production capacity.

BIWIN has more than 200 R&D technical personnel (in Shenzhen, Chengdu, Hangzhou and more) and has earned 156 domestic and overseas patents. The successful IPO allows the company to continue increasing investment in R&D to further build its technological edge and commercial advantages.

BIWIN's listing on the Shanghai Stock Exchange will bring long-term benefits for customers, employees, stakeholders, and business partners.