GigaDevice(SH:603986) Yang Zi Wan Bao Wang·2026-01-04 09:08Group 1 - Changxin Technology Group Co., Ltd. has submitted its IPO application to the Sci-Tech Innovation Board, aiming to raise 29.5 billion yuan, making it the second-largest fundraising in the history of the board [1] - The company is backed by Zhu Yiming, chairman of Gigadevice Semiconductor, which has a market value of 143.087 billion yuan [3] - Changxin Technology has become the largest DRAM manufacturer in China and the fourth globally, with a product range covering DDR and LPDDR series [3] Group 2 - The company's revenue for the first nine months of 2025 is projected to reach 32.084 billion yuan, with cumulative revenue from 2022 to September 2025 expected to be 73.636 billion yuan [3] - The compound annual growth rate of the main business revenue from 2022 to 2024 is estimated at 72.04% [3] - The recent IPO landscape has seen significant activity, with companies like Yingshi Innovation and Xi'an Yicai reaching market values exceeding 100 billion yuan [4]