With the implementation of the “Project Genesis,” the dual drive of storage chips and data centers is underway: A panoramic scan of leading companies in ROE (Return on Equity) as of the latest update in 2025.
On November 24, local time, the U.S. government officially signed an executive order to launch a national-level AI research strategy named “Project Genesis.” This initiative aims to integrate supercomputer resources from the Department of Energy, massive datasets from national laboratories, and advanced computing platforms from the industry to build a unified AI scientific discovery infrastructure, promoting breakthroughs in fields such as life sciences, materials research, and climate simulation.
This significant move not only marks a new phase in global AI applications from “business optimization” to “scientific reconstruction” but also directly drives the demand for high-performance computing hardware—especially for GPU/CPU, high-speed interconnects, liquid cooling systems, and comprehensive upgrades of data security and storage systems.
Among these, storage chips, as the core physical medium for data access and flow, are facing an unprecedented supply-demand tension. The world’s fourth-largest flash memory manufacturer and second-largest DRAM module supplier, ADATA Technology, recently stated: “The current shortage of memory and flash storage has reached the highest level in nearly 20 years,” and it is expected that the supply tightness will continue until the first half of 2026.
In this context, the process of domestic substitution is expected to accelerate. Domestic companies with technological accumulation and production capacity are likely to benefit from a dual dividend period of “explosive demand + policy support.”
This issue focuses on publicly listed companies that are involved in both storage chips and data center businesses, filtering out the top 10 companies with the strongest profitability based on the ROE indicator from the third quarter of 2025, for research reference.
Note: Return on Equity (ROE) is a key financial indicator for measuring shareholder returns and operational efficiency; a higher value typically indicates stronger asset utilization efficiency and better profit quality.
10th Place: Runxin Technology (300493.SZ)
ROE: 4.09% Runxin Technology specializes in IC distribution and customized solutions, providing device selection and system-level design services in the storage chip field based on customer needs, with partnerships covering major domestic and international manufacturers.
In the data center direction, the company has developed low-power AI edge computing modules and achieved technical validation for end-cloud collaborative interaction in RTC (real-time communication) scenarios, laying the foundation for future integration into intelligent data center ecosystems.
Although the current proportion of related business is small, its flexible service model helps to quickly respond to niche market demands.
9th Place: Shangluo Electronics (300975.SZ)
ROE: 6.36% Shangluo Electronics is a leading authorized distributor of electronic components in China, with a product line covering storage chips, microcontrollers, power management, and more, partnering with top domestic manufacturers such as GigaDevice and Nexperia.
The company disclosed on its interactive platform that it has supplied supporting electronic components to multiple data center and server manufacturers and established stable cooperative relationships with core industry enterprises.
Relying on a broad customer network and supply chain integration capabilities, the company has strong channel penetration potential in the wave of AI infrastructure construction.
8th Place: Youfang Technology (688159.SZ)
ROE: 9.25% In recent years, Youfang Technology has actively expanded its cloud-edge collaborative infrastructure layout, launching self-controlled distributed high-performance storage servers and supporting software systems that can be customized to match different customer business scenarios.
In terms of data center applications, the company focuses on intelligent computing centers and edge computing node construction, providing integrated storage-computing servers, operating systems, and management platforms as part of its cloud infrastructure solutions.
As AI inference tasks migrate to the edge, its “lightweight + high-reliability” edge storage architecture is expected to gain wider application.
7th Place: Dahua Technology (002236.SZ)
ROE: 9.55% Dahua Technology is not only a leading enterprise in security but also deeply involved in storage and cloud computing. Its subsidiary, Huayi Chip, focuses on the research and development of automotive-grade and video surveillance-specific storage products, which are widely used in high-definition cameras, NVR devices, and other scenarios.
At the data center level, the company’s IoT cloud platform “Lecheng Cloud” has deployed 20 data center nodes globally, providing secure and stable AloT cloud services for over 23 million users, covering video storage, intelligent analysis, remote access, and other functions.
The massive demand for terminal data processing forces the establishment of an efficient storage system, forming a closed-loop capability of “front-end collection—edge computing—cloud storage.”
6th Place: Jiangbolong (301308.SZ)
ROE: 10.19% Jiangbolong is one of the few domestic companies with the capability to design master control chips and develop small-capacity storage chips. It has launched several self-developed master control chips compatible with SSD, eMMC, and UFS products, gradually enhancing the autonomy of the industrial chain.
In the enterprise market, the company’s storage products are widely used in cloud computing and data centers, continuously receiving server storage orders from well-known companies such as Huawei, Tencent, and Inspur, with increasing customer recognition.
With its integrated capabilities of “chip + module + system,” the company is solidifying its competitive barriers in the high-end storage sector.
5th Place: Chaoying Electronics (605111.SH)
ROE: 10.79% Chaoying Electronics focuses on high-density interconnect boards (HDI) and packaging substrates, with products widely used in mechanical hard drives, solid-state drives, and memory modules, primarily supplying leading global storage chip manufacturers.
In the data center direction, the company has mastered high-end PCB processing technology suitable for AI servers, with products meeting the signal integrity requirements of high-performance GPU modules, and has entered the supply chain of several globally renowned cloud service providers and their EMS foundries.
As the shipment volume of AI servers increases, its high-end board business is expected to see sustained growth.
4th Place: Shannon Semiconductor (300475.SZ)
ROE: 11.56% Shannon Semiconductor has entered the enterprise storage market with its own brand “Haipu Storage,” completing the research and trial production of DDR4 and DDR5 memory modules, suitable for high-performance applications such as cloud computing and virtualization.
In terms of data center layout, the company has completed technical certification and product adaptation for major domestic cloud service platforms, officially entering the mass production and delivery phase, becoming one of the few companies to achieve self-branded products in large data centers. The company’s transformation path from agency to self-research, from consumer-grade to enterprise-grade, is clear, opening up growth space.
3rd Place: Lanke Technology (688008.SH)
ROE: 13.60% Lanke Technology is a leading company in the global memory interface chip field and one of the main developers of the DDR5 RCD (Register Clock Driver) international standard.
Its memory interface chips, SPD Hub, PMIC, and other series products are widely used in data centers and AI servers. With the rapid increase in DDR5 penetration, coupled with the strong demand for large-capacity, high-bandwidth memory systems from AI training clusters, the company’s product shipments have significantly increased.
Currently, its second-generation PCIe Retimer chip has also entered the customer verification stage, and it is expected to further expand into the high-speed interconnect market.
2nd Place: Shennan Circuit (002916.SZ)
ROE: 15.14% Shennan Circuit is a leading enterprise in the domestic printed circuit board (PCB) industry, ranking among the top ten globally, with strong technical capabilities.
The company has proprietary intellectual property for packaging substrate production processes, with products covering storage chip packaging substrates, logic chip packaging substrates, and more, widely used in servers, storage devices, and high-performance computing systems. In the data center field, the company is a core supplier for mainstream server manufacturers both domestically and internationally, with full orders for AI server PCBs and packaging substrates, maintaining high capacity utilization. Its strong manufacturing capabilities and customer stickiness allow it to fully benefit from the current computing power infrastructure cycle.
1st Place: Xiechuang Data (300857.SZ)
ROE: 19.23% Xiechuang Data ranks first on the list, with a return on equity of 19.23% in the third quarter of 2025, far ahead of its peers. The company has a complete layout in the storage field, with a full product line of SSDs and is actively promoting the independent research and development of storage controller chips, aiming to build integrated capabilities of “hardware + firmware + algorithms.”
In terms of data center construction, the company focuses on an integrated intelligent IoT system of “cloud-edge-end,” having established independently operated data centers in East China, South China, Southwest, and North China, equipped with financial-grade security protection systems to support real-time processing and storage of massive terminal data. With both product strength and infrastructure layout, it is a truly “soft and hard integrated” player.
Conclusion: The acceleration of industrial integration has led to the emergence of quality enterprises. With the implementation of national-level AI strategies such as “Project Genesis,” global investment in high-performance computing and data infrastructure has entered a new peak. Storage chips, as the “data granary” of AI systems, are becoming increasingly important.
The above 10 companies are distributed across key links such as storage modules, master control chips, packaging substrates, cloud storage services, and edge computing architectures, participating in the domestic substitution process while being deeply tied to the main line of data center development, demonstrating strong growth resilience and profitability conversion capabilities.
It is worth noting that some companies are still in the investment phase or are subject to cyclical risks in the industry.
Investors should pay close attention to the progress of technological breakthroughs, the stability of customer structures, and financial health, and rationally view the short-term thematic heat.
This article is based on announcements from publicly listed companies, responses on interactive platforms, and authoritative media reports, aiming for objectivity and authenticity, and does not constitute any investment advice. The market has risks; investment decisions should be based on independent judgment.
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Again, it should be emphasized that all information involved in this article comes from announcements published by publicly listed companies, industry associations, and publicly available research reports from licensed institutions. It should be noted that the article does not directly quote any third-party investment advice or conclusions. The purpose of this article is merely to serve as a discussion and research, and all content described herein does not constitute any form of investment recommendation.