芯片巨头，冲刺IPO！

Core Insights - Changxin Storage is projected to increase its DRAM shipment volume by 50% year-on-year in 2023, with its market share expected to rise from 6% in Q1 to 8% by Q4 [1] - The company is enhancing production not only in traditional DDR4 and LPDDR4 products but also achieving significant growth in DDR5 and LPDDR5, with market shares expected to increase from less than 1% to 7% and from 0.5% to 9% respectively [1][2] Company Overview - Changxin Storage, established on June 13, 2016, is a comprehensive memory chip manufacturer focusing on DRAM design, research, production, and sales [2] - The company is headquartered in Hefei, Anhui, and has multiple R&D centers and branches both domestically and internationally [2] - The CEO, Dr. Cao Kanyu, has over 20 years of experience in the semiconductor industry and has played a significant role in the development of China's DRAM sector [3] Shareholding Structure - The largest shareholder is Hefei Qinghui Jidian Enterprise Management Partnership, holding 21.67% of the shares, with no controlling shareholder [1][3] - The top five shareholders include state-owned and private entities, with notable investors such as Alibaba and Zhaoyi Innovation Technology Group [3][4] Recent Financing - In March 2024, Changxin Storage completed a strategic financing round of 10.8 billion RMB, valuing the company at approximately 140 billion RMB [5] - Zhaoyi Innovation Technology Group increased its stake in Changxin Storage to about 1.88% following a 1.5 billion RMB investment [5]