The domestic storage leader Changchun Holdings has been inquired about its IPO on the Sci-Tech Innovation Board.

On September 3, Yangtze Memory Technologies Co., Ltd. (hereinafter referred to as YMTC) changed its application status for listing on the Shanghai Stock Exchanges Science and Technology Innovation Board to "inquired." CITIC Securities and China Securities Co., Ltd. serve as the sponsors, aiming to raise 33 billion yuan. According to the prospectus, the company represents China in becoming a world-class memory IDM enterprise, creating globally leading NAND Flash products with high layers, high storage density, and high I/O speed, widely used in enterprise servers, data centers, consumer electronics, and other fields. Relying on China's vast application market and international layout, the company experienced rapid shipment growth during the reporting period. According to TrendForce data, in the first quarter of 2026, the company is ranked third globally and first in China among NAND Flash manufacturers by both sales revenue and shipment volume. The company adheres to the pursuit of original core technology, leading China in 3D NAND technology to surpass international advanced levels. In 2022, the company launched Xtacking 3.0 technology, winning the "Most Innovative Storage Technology Award" at the authoritative global storage summit FMS, becoming one of the first global companies to launch 3D NAND Flash products with over 200 layers, marking the first time domestic storage technology has led the worlds advanced levels; in 2024, it is set to iterate its Xtacking 4.0 technology, and in the following year, it will once again receive an authoritative award from FMS, reshaping the development roadmap for global 3D NAND technology; by 2025, the company will become one of the few integrated circuit companies in mainland China to achieve patent cross-licensing agreements with leading international manufacturers, showcasing its technical influence. The company has established a diverse and high-quality customer system, achieving multi-dimensional and multi-level market coverage. In the enterprise user market, the company has deep collaborations with top domestic companies in the internet, server, and consumer electronics fields, while also integrating into the supply chains of international top clients. In the personal user market, the company has launched its own brand Zhi Tai series products, continuously enhancing brand awareness and market influence. Storage capacity is the cornerstone of the digital age and the core carrier of digital infrastructure. The company, driven by end-use applications, is continuously building a portfolio of high-commercial-value products to support diverse needs across various segments and application scenarios. At the same time, the company provides application validation scenarios for upstream materials, equipment, and component manufacturers, jointly promoting technology iteration and process upgrades across the entire industry chain with upstream and downstream business partners, aiming to strengthen and grow China's memory industry and serve society through technological innovation. In terms of finances, in 2023, 2024, 2025, and the first quarter of 2026, the company achieved revenues of approximately 18.744 billion yuan, 45.203 billion yuan, 63.185 billion yuan, and 47.042 billion yuan, respectively; during the same period, the net profits were approximately -19.181 billion yuan, 6.771 billion yuan, 14.211 billion yuan, and 33.379 billion yuan, respectively.