BaWei Storage stated during the institutional research that the company has a first-mover advantage in branding, technology, R&D integration and packaging, and capital. It was the earliest enterprise in the industry to layout R&D integrated packaging, starting to build its own packaging and testing capabilities since 2010, with over a decade of accumulation. The technical capabilities of storage testing have reached a leading level domestically and a world-class level internationally. At the same time, the company is further laying out advanced 2.5D, 3D packaging and testing capabilities on the existing technical foundation, continuously enhancing technological barriers. In addition, the company is also the first in the industry to develop and research storage solutions independently, possessing competitive advantages in controller performance and localization. In terms of the market, the company has a good customer base in the smartphone, PC, and wearable fields.