长鑫科技科创板IPO已受理，拟融资295亿元

Core Viewpoint - Changxin Technology has applied for an IPO on the Sci-Tech Innovation Board, aiming to issue no more than 10.622259999 billion shares, with a financing amount of 29.5 billion yuan [1][2]. Company Overview - Changxin Technology Group Co., Ltd. was established on June 13, 2016, and is headquartered in Hefei, Anhui Province. It is a national high-tech enterprise focused on the design, research and development, production, and sales of dynamic random-access memory (DRAM) chips [2][3]. - The company claims to be the largest, most advanced, and most comprehensive DRAM R&D and manufacturing enterprise in China [3]. Product Development and Market Position - Since its establishment, the company has focused on the R&D, design, production, and sales of DRAM products, adopting a "jump-generation R&D" strategy. It has achieved mass production from the first to the fourth generation of process technology platforms and has covered product iterations from DDR4, LPDDR4X to DDR5, LPDDR5/5X, reaching "international advanced levels" in core products and process technology [3]. - According to Omdia, Changxin Technology has become the largest DRAM manufacturer in China and the fourth largest globally by shipment volume [3]. Financial Performance - The revenue of Changxin Technology for the years 2022, 2023, and 2024 is projected to be 8.084 billion yuan, 9.063 billion yuan, and 23.929 billion yuan, respectively. For the first half of 2025, the revenue is reported to be 15.224 billion yuan [5]. - The company does not rely on a single customer for more than 50% of its revenue, indicating a diversified customer base [5].