“国产存储第一股”长鑫科技冲刺科创板，半导体融资热度不减

Group 1 - The core viewpoint of the article highlights that Changxin Technology has submitted its prospectus for an IPO on the Sci-Tech Innovation Board, reflecting the current capital frenzy in the storage industry driven by a "super cycle" [1][4] - Changxin Technology's cumulative revenue from 2022 to September 2025 is projected to reach 73.636 billion yuan, with a compound annual growth rate of 72.04% in main business revenue from 2022 to 2024 [1][2] - The company has become the largest DRAM manufacturer in China and the fourth globally, utilizing an IDM (Integrated Device Manufacturing) model that enhances its competitive edge through full control over the production process [2][4] Group 2 - The semiconductor industry is experiencing a wave of IPOs driven by technological breakthroughs and improved industry conditions, with multiple companies in the storage sector initiating IPO processes [4][5] - The recent central economic work conference emphasized the need for deeper integration between capital markets and technological innovation, facilitating smoother IPO processes for hard-tech companies like Changxin Technology [5] - The combination of a "super cycle" in the storage industry and reforms in the capital market is enabling core enterprises like Changxin Technology to secure funding for ongoing technological advancements [5]