Baiwei Storage: Net profit in the first three quarters was 8,768 million yuan, an increase of 28,728.12% year-on-year

36Kr has learned that Biwin Storage announced its revenue for the first three quarters of 2026 at RMB 21.717 billion, a year-on-year increase of 230.30%; net profit attributable to shareholders was RMB 8.768 billion, a year-on-year increase of 28,728.12%; and net profit excluding non-recurring items was RMB 8.467 billion, compared to a loss in the same period last year. In the third quarter alone, revenue was RMB 6.142 billion, a year-on-year increase of 130.67%; net profit attributable to shareholders was RMB 1.602 billion, a year-on-year increase of 525.34%; and net profit excluding non-recurring items was RMB 1.834 billion, a year-on-year increase of 759.88%. The performance growth mainly benefited from the explosive growth of AI computing power and the high-growth cycle of the storage industry, as well as the continuous optimization of the company’s product and customer structure.

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