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The wave of hard technology returning to A-shares is here. With this valuation and fundraising scale lasting, the STAR Market is about to witness history again.
Yangtze Memory is the world's fourth-largest DRAM manufacturer and the only IDM giant with mass-produced 3D NAND; its subsidiary is valued at 160 billion yuan in Hurun's 2025 Global Unicorn List, planning to raise 30–40 billion yuan, with an overall valuation exceeding 300 billion yuan.
Century Space is the first domestic independent operation control commercial remote sensing satellite system company; its listing process was withdrawn after passing the Science and Technology Innovation Board review in 2019, and guidance was restarted in 2025, aiming for the Science and Technology Innovation Board.