Changxin Technology’s Science and Technology Innovation Board IPO was approved and its operating income reached 50.8 billion yuan in the first quarter

[ Gearbest Technology News]On May 27, the IPO of memory chip giant Changxin Technology’s Science and Technology Innovation Board was approved by the Shanghai Stock Exchange Listing Committee meeting.

Changxin Technology

The performance data disclosed by Changxin Technology in the prospectus show that in the first quarter of 2026, the company achieved operating income of 50.8 billion yuan, a year-on-year increase of 719.13%; net profit attributable to the parent company was 24.762 billion yuan, a year-on-year increase of 1688%. The company expects revenue in the first half of this year to be 110 billion-120 billion yuan, a year-on-year increase of 612.53%-677.31%; net profit attributable to the parent company is 50 billion-57 billion yuan, a significant year-on-year increase of 2244.03%-2544.19%.

According to GearbestTechnology, with this IPO, Changxin Technology plans to raise 29.5 billion yuan for memory wafer manufacturing mass production line technology upgrade projects, DRAM memory technology upgrade projects, and dynamic random access memory forward-looking technology research and development projects. This will also become the second largest IPO in the history of the Science and Technology Innovation Board, second only to SMIC’s 53.2 billion yuan.

Changxin Technology focuses on the design, R&D, production and sales of dynamic random access memory chips (DRAM). The company has now formed a diversified product layout such as DDR series and LPDDR series, and can provide diversified product solutions such as DRAM wafers, DRAM chips, and DRAM modules, which can effectively meet the market needs of servers, mobile devices, personal computers, smart cars, etc. According to Omdia data, the company has become the number one DRAM manufacturer in China and the fourth in the world in terms of production capacity and shipment volume.