长江存储母公司完成股改 最新估值超1600亿元

Group 1: Company Developments - Changjiang Storage Technology Co., Ltd. (Chang Storage Group) has completed its shareholding reform by holding its inaugural shareholders' meeting and electing the first board of directors [1] - The company is the only domestic manufacturer of 3D NAND and has been valued at 160 billion yuan, ranking ninth among China's top ten unicorns according to Hurun Research Institute [1] - In April 2023, a subsidiary of Yangyuan Beverage announced an investment of 1.6 billion yuan in Chang Storage Group, acquiring 0.99% of its shares, which raised the company's valuation to 161.6 billion yuan [1] - Chang Storage Group has received over 10 billion yuan in investments from 16 institutions, including investments from employee stock ownership platforms [1] Group 2: Market Position and Trends - The NAND Flash market is predominantly occupied by overseas manufacturers, with the top five brands holding a market share of 91.3% in Q1 and 93% in Q2 of this year [2] - Domestic storage manufacturers are expected to double their market share to 10% this year, driven by improvements in production yield and advancements in 3D hybrid bonding technology [2] - The company has not announced any plans for an IPO but has denied intentions for a "backdoor listing" [2] Group 3: Industry Outlook - The storage market is experiencing a recovery driven by AI demand, with expectations for significant growth in enterprise SSD demand in Q3 2023 [3] - NAND Flash prices are anticipated to rise in the third quarter due to increased investments in AI by major cloud service providers [3]