重磅IPO！长鑫科技 首单预先审阅项目获受理

Core Viewpoint - Changxin Technology Group Co., Ltd. has received acceptance for its IPO application on the Sci-Tech Innovation Board, marking it as the first project to undergo pre-review [1][3]. Group 1: IPO Details - The IPO application was accepted on December 30, 2025, with China International Capital Corporation and CITIC Securities as the sponsoring institutions, and Deloitte Huayong as the auditing firm [1]. - The company has undergone two rounds of pre-review inquiries, indicating a streamlined process for its IPO [3]. - The pre-review mechanism was introduced to enhance the inclusivity of the IPO process, protect sensitive information, and reduce the time to market [4]. Group 2: Financial Aspects - The company aims to raise a total of 29.5 billion yuan, which will be allocated to three key projects: upgrading the memory wafer manufacturing line, DRAM technology upgrades, and advanced research and development of dynamic random-access memory [7][8]. - The total investment for these projects is estimated at 34.5 billion yuan, with 29.5 billion yuan sourced from the IPO proceeds [8]. Group 3: Company Profile - Changxin Technology is recognized as the largest and most advanced DRAM research, design, and manufacturing enterprise in China, having achieved significant technological milestones since its establishment in 2016 [8]. - The company has adopted a "jump-generation R&D" strategy, successfully transitioning from the first to the fourth generation of process technology and covering a range of products from DDR4 to DDR5 [8]. - According to Omdia, Changxin Technology ranks as the largest DRAM manufacturer in China and the fourth globally by shipment volume [8]. Group 4: Market Position and Partnerships - As a leading player in the DRAM industry, the company has built a robust ecosystem with upstream and downstream partners, establishing strong relationships with major clients such as Alibaba Cloud, ByteDance, Tencent, Lenovo, Xiaomi, and others [9]. - The company is positioned to enhance its market share as it ramps up production capacity and continues to innovate in the semiconductor storage sector [9][10]. - Changxin Technology offers a diverse range of DRAM products, including DRAM wafers, chips, and modules, catering to various market needs [10].