Changxin's financial report ignites the "golden window": semiconductor materials and equipment are expected to usher in a high-growth spending turning point

Changxin uses a half-yearly excellent financial report with a net profit of over 50 billion yuan to transmit a huge demand signal for the entire storage chip industry through the industry chain transmission mechanism, reaching the upstream semiconductor material sector.

In Changxin Storage's 29.5 billion yuan IPO fundraising plan, 13 billion yuan is allocated to DRAM technology upgrades, and 9 billion yuan is invested in forward-looking technologies such as HBM and integrated storage-computation. Currently, the global market share of domestically produced DRAM is only about 7.67%, far below China's demand share of 30% to 35%, indicating that there is still nearly four times the expansion space within the next three to five years. Core upstream materials—such as precursors, photoresists, wet electronic chemicals, and CMP polishing materials—each of which is an irreplaceable consumable key material in the storage chip manufacturing process, will become the industry segments with the highest order visibility and the most certain performance realization during this expansion cycle.