Flash Maker Biwin in China Becoming Public

Founded in 2010, Biwin Storage Technology Company Limited (known as Biwin at stock symbol: 688525), located in Shenzhen, Guangdong, China, joined the Shanghai Stock Exchange (SSE), STAR Market on the Sci-tech Innovation Board on December 30, 2022.

Chairman Sam Sun commented: “It is a historic moment for the company to start trading on the SSE, 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, Biwih is on the way to fulfilling its mission as a world-leading storage brand and advanced packaging and testing service provider.”

Officials, brokerage leaders, and executives attended the ceremony and rang the Shanghai Stock Exchange gong together

Investors of Biwin include China Integrated Circuit Industry Investment Fund, Oriental Fortune Capital, TEDA Venture Capital, CAS Investment Management, China Internet Investment Fund and 8 more. Exact financial fundings was not revealed.

Money raised at IPO was CN¥602 million ($86.34 million).

From 2019 to 2021, 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 3 years reached respectively CNY¥18.661 million, CNY¥27.3841 million, CNY¥118.254 million, a CAGR of 85.05%.

The company is producing flash storage products, including SSDs, compact flash cards and DRAM products. The company works with 3 main production lines: embedded memory, consumer-grade storage products, and storage products for industrial use.

It has more than 200 R&D technical personnel (in Shenzhen, Chengdu, Hangzhou and more) and has earned 156 domestic and overseas patents.

Among its most recent products is the enterprise 2.5-inch SSD SS321 for servers, designed for use in data centers, government networks, cloud service providers, and security networks. It brings speed, stability, data safety and security, and low power consumption.

It wins comparisons with mainstream SSDs when compared to its EER (energy efficiency ratio) and power consumption. See lab charts below:

It is built with industrial 3D NAND wafer, bundled with a 6Gb SATA interface and DDR4 external DRAM cache. It delivers a maximum sequential 560MB/s read and 500MB/s write and is available in 240GB, 480GB, and 960GB.

It offers multiple firmware optimization with data inspection, power failure protection, and end-to-end data protection. It can quickly transfer data within server systems in a safe, stable, and energy-efficient way.

This SATA SSD can deliver a MTBF of 2 million hours, and its UBER (Uncorrectable Bit-Error Rate) is less than 10¹⁷, with a 5-year limited warranty.