On June 12, the China Securities Regulatory Commission announced that it approved Changxin Technology Group Co., Ltd.’s registration application for an initial public offering of shares and listing on the Science and Technology Innovation Board.
According to the prospectus, Changxin Technology plans to raise 29.5 billion yuan in this IPO for memory wafer manufacturing mass production line technology upgrade projects, DRAM memory technology upgrade projects, dynamic random access memory forward-looking technology research and development projects and other projects.
According to previous media reports, from January to March 2026, Changxin Technology's operating income was 50.8 billion yuan, a year-on-year increase of 719.13%; net profit was 33.011 billion yuan; net profit attributable to the owners of the parent company was 24.762 billion yuan; net profit attributable to the owners of the parent company after deducting extraordinary gains and losses was 26.341 billion yuan.