“存储芯片第一股”要来了，长鑫科技科创板IPO获受理

Group 1 - The core viewpoint of the article is that Changxin Technology has received acceptance for its IPO application on the Sci-Tech Innovation Board, aiming to upgrade its manufacturing technology and enhance its research and development capabilities in the DRAM sector [2] - Changxin Technology is the largest and most advanced DRAM integrated research, design, and manufacturing enterprise in China, offering a diverse range of products including DRAM wafers, chips, and modules, with coverage of DDR and LPDDR series [2] - According to Omdia, Changxin Technology ranks as the first DRAM manufacturer in China and the fourth globally based on production capacity and shipment volume [2] Group 2 - The company's projected revenues for 2022, 2023, and 2024 are 8.287 billion, 9.087 billion, and 24.178 billion respectively, with revenues for the first three quarters of 2025 reaching 32.084 billion, surpassing the total for 2024 [3] - Changxin Technology reported losses of 8.328 billion, 16.34 billion, 7.145 billion, and 2.332 billion over the same period, attributing the lack of profitability to the scale-oriented nature of the DRAM industry and high fixed asset investments required for capacity expansion [3] - The company has a diversified shareholding structure with no controlling shareholder, where the largest shareholder holds 21.67% and the second largest holds 11.71%, with significant stakes held by state-owned and industry funds [3]