Domestic A-share storage manufacturers' performance increased significantly

In recent years, due to the rapid development of industries such as AI, new energy vehicles, big data, and cloud computing, the amount of global data has exploded, driving the development of the storage industry. According to TrendForce data, in the first three quarters of 2024, the global flash memory industry's revenue totaled US$116.379 billion. Domestic storage manufacturers such as GigaDevice, Montage Technology, Juchen Technology, and Purui Technology all achieved double-digit year-on-year growth in revenue and net profit.