[Xiechuang Data: DDR is in short supply in storage The recent quotation has increased by 30% and been accepted] On November 3, Xiechuang Data (300857.SZ) released an investor relations activity record announcement. In terms of storage business, there is a very shortage of DDR. Because HBM occupies a large amount of production capacity, the price increase trend will remain unchanged for at least the next three years. The recent quotation has increased by 30% and was accepted; HDD is stable and strong. Seagate and Western Digital insist not to expand production. However, due to the rigid demand for cold/warm data storage, prices are firm and rising steadily. There is currently no sign of a downward trend in AI demand from major domestic manufacturers. The capital expenditures of leading domestic Internet manufacturers next year are expected to remain at a high scale, and investment in computing power infrastructure is expected to maintain a high degree of prosperity. The holding subsidiary Guangwei Technology focuses on laying out NPO-related technology routes. The relevant technology has currently submitted patent applications, and is working with server and GPU industry chain partners to promote joint research and development of super-node servers. The company's TokenShare platform has been launched online.