The surge in storage chip prices continues, with new stocks N hitting the daily limit and rising over 200%.

On April 8, the storage chip sector was actively rising. New Stock N Red Board (603459.SH) surged by over 200%, Shannon Chip Innovation (300475.SZ) rose by over 14%, and Yunhan Chip City (301563.SZ), Jiangbolong (301308.SZ), Tongfu Microelectronics (002156.SZ), and Lentek Technology (688008.SH) followed the gains, while Demingli (001309.SZ) edged down slightly.

In terms of news, in Q1 2026, DRAM contract prices rose 90% to 95% quarter-over-quarter; the price increase for Q2 has already been locked in, with another rise of about 30%. TrendForce’s latest data shows that in Q2, the overall DRAM contract price is still expected to increase by 58% to 63% quarter-over-quarter, while NAND Flash contract prices are expected to rise by 70% to 75%.

For Hong Kong stocks, Lentek Technology (06809.HK) rose 7.20%, and GigaDevice (03986.HK) rose 3.76%.

On April 7, Samsung Electronics released its 2026 Q1 performance guidance on its official website, with figures that significantly exceeded market expectations. The guidance shows that Samsung Electronics achieved approximately 133 trillion Korean won (about 6064.8 billion RMB) in consolidated sales in Q1 2026, up 68.1% year over year, and up 41.7% from 93.84 trillion Korean won in Q4 2025. Previously, the market broadly expected Samsung Electronics’ Q1 sales to be 116.8 trillion Korean won. In Q1, the company’s consolidated operating profit was about 57.2 trillion Korean won (about 2608.32 billion RMB); compared with 6.69 trillion Korean won in Q1 2025, it surged 755%, reaching the highest year-over-year growth rate in recent years. Compared with 20.07 trillion Korean won in Q4 2025, it increased 185%, with the scale of profits continuing to climb at a high speed for two consecutive quarters.

On April 7, Shannon Chip Innovation (300475.SZ) disclosed its 2026 Q1 performance forecast, expecting net profit attributable to shareholders of the listed company to be 114,000.00 million yuan to 148,000.00 million yuan, representing an increase of 6,714.72% to 8,747.18% year over year. Net profit after deducting non-recurring gains and losses is expected to be 111,800.00 million yuan to 145,800.00 million yuan, up 7,424.82% to 9,713.23% year over year. In the same period last year, the company achieved net profit attributable to shareholders of the listed company of 1,672.85 million yuan, and net profit after deducting non-recurring gains and losses attributable to shareholders of the listed company of 1,485.75 million yuan.

Previously, Demingli announced that it expected net profit attributable to shareholders of the listed company in Q1 2026 to be between 3.15 billion yuan and 3.65 billion yuan, compared with a loss of 69.0877 million yuan in the same period last year. During the reporting period, under a backdrop of tight supply, industry sentiment continued to rise, storage prices continued to increase, and relying on previously sufficient strategic reserves of raw materials, the company’s profitability continued to improve, with profit levels increasing significantly.