Shenzhen Techwinsemi Technology Co., Ltd.
001309.SZ · SHZ
Company research
Shenzhen Techwinsemi Technology Co., Ltd. (001309.SZ) is a China-based semiconductor company founded in 2008 and headquartered in Shenzhen, specializing in the design, research, development, and application of integrated circuits, with a core focus on flash memory controller chips. The company develops and optimizes storage module product application solutions across four major product series — solid-state drives (SSD), embedded storage (eMMC/UFS), DDR modules, and portable storage — serving markets including consumer electronics, automotive electronics, IoT, data centers, industrial control, and mobile terminals. Recognized as a national high-tech and "Little Giant" enterprise, Techwinsemi distributes its products domestically and internationally, including under its consumer-grade brand CUSU®, and has been actively expanding its R&D capabilities with new bases in Chengdu, Beijing, and Hangzhou. Listed on the Shenzhen Stock Exchange's main board in July 2022, the company reported revenues of approximately CNY 4.77–5.21 billion (TTM) and employs around 884 staff, with Chairman Hu Li and General Manager Du Tie Jun leading its operations.
Research reports
Guosen models 1Q26 revenue at 73–78bn RMB and net profit at 31.5–36.5bn RMB, driven by an AI-led storage upcycle, rapid ramp of enterprise SSD and high-performance memory, and new capacity at its “光明基地”, while maintaining an “优于大市” rating and highlighting risks if enterprise products or storage prices underperform expectations.
东方财富·财富号 (Eastmoney Caifuhao) · March 5, 2026德明利（001309.SZ）2026年投资价值研究报告——存货红利集中释放This investment-value piece argues that roughly 70.58bn RMB of mostly low-cost wafer inventory will be monetized in 2026, supporting net profit of 60–90bn RMB under conservative to optimistic scenarios and justifying a 25–35x PE and target price range of 660.79–1,387.67 RMB, while stressing upside from the storage price cycle and AI demand but warning about price volatility, competition, leverage and macro risks.
东莞证券 (Dongguan Securities) · October 28, 2025（可公开）国内企业级存储领军企业，AI 打开后续成长空间——德明利（001309.SZ）深度报告This deep-dive frames Demingli as a leading domestic storage-module and enterprise SSD player, with full product coverage (SSD, embedded, DRAM modules, mobile storage), strong relationships with major NAND suppliers and growing exposure to AI servers and data centers; it maintains a “买入” rating with 2025–2027 EPS forecasts of 1.61/4.00/5.49 RMB and notes key risks around wafer price swings and weaker consumer demand.
国信证券 (Guosen Securities) · August 27, 2025德明利（001309.SZ）—2Q25收入同环比增超100%，嵌入式与固态硬盘加速放量Guosen’s 2Q25 results note records revenue of 2.857bn RMB, more than doubling year-on-year and quarter-on-quarter, with embedded storage revenue up about 290% and SSD up over 60% as product and customer counts expand; it keeps an “优于大市” rating, raises medium-term profit forecasts and flags execution risks in capacity ramp and demand from servers and consumer electronics.