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Changxin Technology's IPO may create 13 billionaires; Hefei and Wuhan's "Twin Cities of Storage Chips" attract attention
ME News message: On June 1 (UTC+8), Changxin Technology’s Sci-Tech Innovation Board IPO has recently been approved by the Shanghai Stock Exchange Listing Committee. The prospectus shows that the company has implemented two employee shareholding plans, with a total of 6,760 people granted shares under the programs. The cost of shares for the second phase employee shareholding plan is only 0.108 yuan per share. Based on market expectations that its market value will exceed 2 trillion yuan, after Changxin Technology goes public, it may produce at least 13 billionaires and thousands of millionaires.
In terms of performance, Changxin Technology achieved revenue of 50.8 billion yuan in the first quarter of 2026, a year-on-year increase of 719%. Its net profit attributable to the parent company was 24.76 billion yuan, turning from a loss to a profit year-on-year. In 2024, its global DRAM market share ranked fourth, and it ranked first in China. Another domestic storage leader, Yangtze Memory, has also started listing guidance, and its worldwide NAND flash market share has already surpassed 10%.
Behind the rapid rise of these two companies, local state-owned capital plays a key role. Public information shows that Anhui state-owned assets collectively hold about 46.7% of Changxin Technology’s shares, while Hubei state-owned assets collectively hold more than 44% of Yangtze Memory’s shares. After nearly ten years of sustained investment and support, Hefei and Wuhan have respectively cultivated leading enterprises in China’s DRAM and NAND sectors, driving the clustering of upstream and downstream industrial chains and forming a trillion-yuan-level integrated circuit industry cluster.
Industry insiders believe that the explosive growth in AI computing power demand is pushing memory chips into a new round of the prosperity cycle. The rise of Changxin Technology and Yangtze Memory not only represents an important breakthrough in domestic memory, but also signals that China’s integrated circuit industry competition pattern is shifting from being led by a few top cities to gradually evolving toward a multipolar development. (Source: BlockBeats)