On May 19, information disclosed on the website of the China Securities Regulatory Commission showed that Yangtze Storage Holdings Co., Ltd. had registered with the Hubei Securities Regulatory Bureau for guidance and officially launched the initial public offering and listing process. The coaching institution was CITIC Securities.
According to previous reports from Reuters, Yangtze Storage plans to officially submit application materials for the Science and Technology Innovation Board IPO as soon as mid-June 2026. The filing information shows that the company has no controlling shareholder, and its ownership structure presents the characteristics of "state-owned assets leading, industrial synergy, and diversified shareholdings." The largest shareholder is Hubei Changsheng Development Co., Ltd., which directly holds 26.5442% of the shares and is wholly owned by Wuhan Optics Valley Management Committee; the National Integrated Circuit Industry Investment Fund Phase I and Phase II, as well as local state-owned and industrial capitals such as Wuhan Optics Valley Industrial Investment and Yangtze River Industrial Investment Group are among the shareholders.
Public information shows that Yangtze Memory is the only IDM (integrated design and manufacturing) company in mainland China with complete industrial chain capabilities for 3D NAND flash memory chips. Its independently developed Xtacking stacking technology has achieved mass production of flash memory with 232 layers and above, and its performance is comparable to international mainstream products. According to data from market research institutions, its global NAND flash memory market share reached approximately 13% in the third quarter of 2025, firmly ranking first in the world.
Benefiting from the explosion of data center demand driven by AI, Yangtze Storage's revenue exceeded 20 billion yuan in the first quarter of 2026, a year-on-year increase of approximately 100%.