Core Viewpoint - Changjiang Storage Technology Holding Co., Ltd. has completed its shareholding reform, which has attracted significant attention in the industry [1][2]. Group 1: Company Overview - Changjiang Storage Group held its inaugural shareholders' meeting on September 25, 2023, marking the completion of its shareholding reform and the establishment of a new board of directors [2]. - The company was founded on December 21, 2016, and has recently expanded its shareholder base to include various state-owned and private capital, as well as significant financial institutions [2][3]. - The registered capital of Changjiang Storage has increased from approximately 562.7 billion to about 1052.7 billion [2]. Group 2: Financial Highlights - In April 2025, a subsidiary of Yangyuan Beverage invested 1.6 billion in Changjiang Storage, valuing the company at 161.6 billion [2][3]. - The company has raised over 10 billion through two financing rounds, with 29 shareholders from diverse backgrounds [3]. Group 3: Industry Position - Changjiang Storage has become a key player in the domestic semiconductor industry, with its subsidiary Changjiang Storage recognized as a unicorn [4][5]. - The company has developed a comprehensive business ecosystem that includes flash memory manufacturing, wafer foundry, packaging and testing, industrial investment, and innovation incubation [3]. - The global demand for storage chips is expected to grow significantly, with the market projected to reach 1.584 trillion by 2031, reflecting a compound annual growth rate of 9.3% from 2025 to 2031 [3]. Group 4: Research and Development - Changjiang Storage has established R&D centers in Wuhan and Beijing, employing over 8,000 staff, with 75% dedicated to research and development [5]. - The company holds approximately 11,800 patent applications, including over 5,400 international patents, and files around 1,300 new patent applications annually [5]. Group 5: Future Prospects - There is speculation regarding the potential IPO of Changjiang Storage, although the company has denied any intention of a reverse merger [5].