Inventory reaches 12.19 billion yuan! Shenzhen couple precisely stockpiles chips, wealth surges by 32 billion yuan in 5 months

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Under the wave of AI

Some gain fame through models

Some turn their fortunes around with computing power

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A couple in Shenzhen pre-purchased chips

Their net worth skyrocketed by 32 billion yuan in 5 months

The main characters of the story are Li Hu and his wife Tian Hua. The duo co-founded Demingli, a Shenzhen-based storage module manufacturer. Founder Li Hu, 51 years old, started a business with his wife Tian Hua, building a storage chip giant. Li Hu personally holds 35.01% of Demingli’s shares, and since the beginning of the year, in just 5 months, his paper wealth has surged by over 32 billion yuan.

According to 21 Finance, Li Hu entered the industry in 2000, worked in sales for 8 years, mainly selling NAND flash controllers, memory, and other products; his wife Tian Hua was an early marketing director at an IT company in Shenzhen, familiar with product application scenarios, and currently serves as a director of Demingli.

When they first started, storage chip technology had high barriers to entry, and the market was almost monopolized by international giants. They initially entered the field by代理ing overseas storage chips and selling flash memory modules, accumulating cash flow and customer resources while quietly researching controller chip technology, surviving in the gaps among industry giants. Through diligent effort, Demingli was listed on the Shenzhen Stock Exchange in 2022, and quickly acquired the UD Store brand, rapidly entering the embedded storage field.

Currently, Li Hu and his wife are riding the AI wave, providing solid-state drives, memory modules, and other products for servers and data centers.

On May 11, Demingli’s chairman Li Hu led a performance briefing, stating straightforwardly, “The industry is highly prosperous, and the supply-demand pattern is tight. We have the ability to maintain steady and positive performance.” On the same day, Demingli’s stock price surged about 7%, just a step away from a market value of 150 billion yuan.

This Shenzhen storage module manufacturer earned 8B yuan in profit from January to March this year, more than twice the total profit of the past 10 years. Last year during the same period, it was still struggling in losses; now, it has soared.

In April this year, Li Hu led a team to meet with more than 30 investment institutions, explaining the reasons for the performance growth—high prosperity in the storage industry, and the team had early preparations, “with forward-looking布局 in enterprise-level, embedded, and localization directions.”

Product demand exceeds supply, prices soaring all the way. By the end of March, the company’s inventory balance reached 12.19 billion yuan, a 72.7% increase from the end of last year, accounting for 66.3% of total assets. In the first quarter of 2025 years, the company’s inventory balance was 4.3951 billion yuan, a year-on-year increase of 177.4%.

“Enterprise-level business is accelerating expansion, and we will deepen cooperation with internet and server manufacturers,” Li Hu said directly at the performance briefing. The revenue scale of enterprise storage business continues to rise, and the company plans to disclose operating data for this segment separately in the future.

Source: Daily Economic News

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