Core Viewpoint - Changjiang Storage's parent company has completed its shareholding reform, marking a new phase for the domestic storage leader [2] Company Summary - Changjiang Storage Technology Holding Co., Ltd. held its inaugural shareholders' meeting, indicating the completion of its shareholding reform and an upgrade in corporate governance [2] - The company has attracted significant investment, with over 10 billion yuan raised from various institutional investors, including state-owned and private capital [2] - Changjiang Storage has established a comprehensive industrial ecosystem covering flash memory manufacturing, wafer foundry, packaging and testing, industrial investment, park operations, and innovation incubation [2][3] Industry Summary - Changjiang Storage has become a key player in the domestic semiconductor industry, being the only 3D NAND manufacturer in China with a registered capital of approximately 124.6 billion yuan [3] - The company has been recognized in the Hurun Research Institute's 2025 Global Unicorn List with a valuation of 160 billion yuan, ranking 9th in China and 21st globally [3] - The global storage chip market is projected to reach 1.584 trillion yuan by 2031, with a compound annual growth rate of 9.3% from 2025 to 2031, driven by the ongoing demand for AI computing power [3] - The rise of domestic storage companies like Changjiang Storage and Changxin Storage is expected to enhance China's position in the global semiconductor supply chain and reduce reliance on imported storage chips [4]