A dark horse emerges in the storage price hike boom! Shannon Core Technology's Q1 net profit soars by 87 times: First time achieving annual profit with an independent brand

Fast Technology April 8 news: Shannon Core Innovation recently released its 2025 performance quick report.

According to the announcement, the company expects to achieve net profit attributable to shareholders of listed companies of approximately 544 million yuan in 2025. Compared with 264 million yuan in the same period last year, it represents a substantial increase of 106.06%.

On the same day, the company also released a performance forecast for its 2026 Q1 results. For the first quarter of 2026, Shannon Core Innovation’s net profit attributable to the parent is expected to be 1.14 billion yuan to 1.48 billion yuan, representing a significant year-on-year increase of 6714.72% to 8747.18%.

It is worth noting that in 2025, Shannon Core Innovation is expected to achieve total operating revenue as high as 35.251 billion yuan, up 45.24% from 24.271 billion yuan in the same period last year.

In 2025, Shannon Core Innovation’s operating profit is expected to be 856 million yuan, up 182.42% year-on-year. Total profit is approximately 856 million yuan, up 181.77% year-on-year. Single-quarter net profit attributable to the parent is more than twice that of the full year 2025.

Shannon Core Innovation said this is mainly driven by the robust development of generative artificial intelligence, which has promoted growth in enterprise-level storage demand brought about by the construction of Internet data centers (IDC).

It is worth noting that Shannon Core Innovation’s self-owned brand “Haipu Storage” has officially entered the mass-production stage, and for the first time in this reporting period it achieved annual profitability.

In 2025, Haipu Storage is expected to achieve sales revenue of 1.7 billion yuan, of which the fourth quarter alone is 1.3 billion yuan. It achieved annual-scale profitability for the first time, becoming a core growth engine.

In addition, under the Haipu Storage brand, multiple products have been rolled out one after another, covering the two main core product lines: enterprise SSDs and enterprise DRAM.

It should be mentioned that in 2025 Q4, storage chips entered a new round of price-increase cycle.

Micron, Samsung, and SK Hynix—the three major storage giants—have successively raised contract prices for DRAM and NAND Flash products, and related spot prices are also continuing to rise.

Aijian Securities recently released a report stating that the market outlook for storage chips in 2026 will continue to stay upbeat, and the global semiconductor industry will extend the upcycle that began in 2024.