Biwin Storage: Serving Meta and Other Global Clients, Spot Price Fluctuations Have Limited Impact on Business

Biwin Storage (688525.SH) stated on the investor interaction platform on April 20 that its products are widely used in smart mobile and AI emerging end-side devices, PC and enterprise storage, smart vehicles, and other application areas. The company's solutions have served numerous globally renowned clients including Meta, Google, Alibaba, Xiaomi, OPPO, vivo, Honor, Transsion, Motorola, ZTE, TCL, HP, Lenovo, Acer, ASUS, Positivo, BYD, and Changan.

Addressing investor concerns about market pricing, the company said that product prices are primarily determined by factors such as supply-demand dynamics and market competition, and move with the market. The current softness in market product prices is mainly reflected in spot market price fluctuations. However, as the company mainly sells to B2B clients through periodic price negotiation, its average selling price differs from spot market prices, and therefore spot market price fluctuations have a limited impact on the company.