长江存储母公司完成股改，估值超1600亿元

Group 1 - Yangtze Memory Technologies Co., Ltd. (YMTC) has completed its shareholding reform, which is a key measure to enhance its competitiveness and achieve strategic goals [1] - The company held its inaugural shareholders' meeting on September 25, where the first board of directors was elected [1] - The market valuation of YMTC is approximately 161.6 billion yuan, based on a recent investment of 1.6 billion yuan for a 0.99% stake by Qianhong Investment, a subsidiary of Yangyuan Beverage [1][2] Group 2 - The total financing amount for YMTC has exceeded 10 billion yuan, with shareholders including state-owned capital, private capital, and several well-known private equity investment institutions [2] - The top three direct shareholders of YMTC are Hubei Changsheng Development Co., Ltd., Wuhan Chipfly Technology Investment Co., Ltd., and the National Integrated Circuit Industry Investment Fund [2] - YMTC's business scope includes flash memory manufacturing, wafer foundry, packaging and testing, industrial investment, and innovation incubation [2] Group 3 - The core technology of YMTC is the self-developed Xtacking architecture, which has evolved to Xtacking 4.0, allowing for higher I/O speeds and storage density [3] - The Xtacking architecture enables the bonding of two separate wafers, enhancing the performance of 3D NAND [3][5] - YMTC ranks 21st on the Hurun Global Unicorn List with a valuation of 160 billion yuan [5] Group 4 - To expand capacity and technological advantages, YMTC and Hubei Changsheng Sanqi Investment Development Co., Ltd. jointly established Changcun Sanqi (Wuhan) Integrated Circuit Co., Ltd. with a total investment of 20.72 billion yuan [5] - YMTC contributed 10.4 billion yuan for a 50.19% stake in the new company [5]