长鑫存储，冲刺IPO

Core Viewpoint - Changxin Storage has initiated its listing guidance with the support of China International Capital Corporation and CITIC Construction Investment, indicating a significant step towards becoming a publicly traded company [2][3]. Group 1: Company Overview - Changxin Technology Group Co., Ltd. (Changxin Storage) was established on June 13, 2016, with a registered capital of approximately 6.02 billion yuan [3]. - The company specializes in the design, research and development, production, and sales of dynamic random-access memory (DRAM) chips [4][5]. - The CEO, Dr. Cao Kanyu, has over 20 years of experience in the semiconductor industry and has played a crucial role in the development of Changxin Storage's DRAM products [5]. Group 2: Market Performance and Projections - According to Counterpoint, Changxin Storage's DRAM shipment volume is expected to increase by 50% year-on-year, with its market share rising from 6% in Q1 to 8% by Q4 [3]. - The company is experiencing significant growth in both traditional DDR4 and LPDDR4 products, as well as in the newer DDR5 and LPDDR5 segments, with market shares projected to rise from less than 1% to 7% and from 0.5% to 9%, respectively [3]. Group 3: Shareholding Structure - Changxin Storage has 49 shareholders, with the largest being Hefei Qinghui Collective Investment Management Partnership, holding 21.67% of the shares [3][6]. - Notable shareholders include Alibaba (China) Network Technology Co., Ltd. and Zhaoyi Innovation Technology Group Co., Ltd., which recently increased its stake to approximately 1.88% after a 1.5 billion yuan investment [6][8]. Group 4: Recent Financing - The latest round of strategic financing for Changxin Storage occurred in March 2024, raising 10.8 billion yuan, with a company valuation of around 140 billion yuan [6].