长鑫科技IPO：53岁董事长朱一明持股2.68%，现任千亿市值兆易创新董事长

Core Viewpoint - Changxin Technology Group Co., Ltd. has been accepted for IPO on the Sci-Tech Innovation Board, marking it as the first company to apply under the new pre-review mechanism introduced in July 2023, aimed at protecting sensitive business information during the listing process [2]. Company Overview - Changxin Technology is the largest and most advanced DRAM research, design, and manufacturing enterprise in China, focusing on the development, design, production, and sales of DRAM products since its establishment in 2016 [2]. - The company has adopted a "jump generation R&D" strategy, achieving mass production from the first to the fourth generation of process technology platforms, and has successfully upgraded its product offerings from DDR4 and LPDDR4X to DDR5 and LPDDR5/5X, reaching internationally advanced levels [2]. Financial Summary - For the IPO, Changxin Technology plans to raise 295 billion yuan, allocated to three projects: upgrading the manufacturing line for memory wafers, upgrading DRAM technology, and R&D for advanced DRAM technology [3]. - The company's total assets as of December 31, 2022, were approximately 147.69 billion yuan, with a total revenue of 8.29 billion yuan and a net loss of 8.32 billion yuan [4]. - In the first nine months of 2023, the company reported revenue of 32.08 billion yuan, a year-on-year increase of 97.79%, while the net loss narrowed to 5.28 billion yuan from 5.38 billion yuan in the same period last year [4]. Shareholding Structure - Changxin Technology has a dispersed shareholding structure with no controlling shareholder or actual controller, and the largest shareholders include Qinghui Jidian, Changxin Integration, and the Great Fund Phase II, holding 21.67%, 11.71%, and 8.73% of shares respectively [6]. - The chairman of Changxin Technology, Zhu Yiming, holds a 2.68% stake in the company and is also the chairman of A-share listed company Zhaoyi Innovation [7]. Leadership Background - Zhu Yiming, born in 1972, has extensive experience in the semiconductor industry, having founded Zhaoyi Innovation in 2005 and held various leadership roles in Changxin Technology since 2018 [8].