BlockBeats News, June 12, the China Securities Regulatory Commission approved the registration application of Changxin Technology Group Co., Ltd. for its initial public offering on the Science and Technology Innovation Board, and officially disclosed the CSRC approval document with the number [2026] 1344. As a leading domestic integrated circuit company in large-scale production of general-purpose DRAM, Changxin Technology successfully completed the registration process smoothly after passing the Shanghai Stock Exchange listing committee review on May 27, lasting half a month.

Changxin Technology's IPO plans to raise 29.5 billion yuan, becoming the second largest fundraising project in the history of the Science and Technology Innovation Board, second only to SMIC. The funds raised will be mainly used for the upgrading of memory wafer manufacturing production lines, DRAM memory technology upgrades, and forward-looking technology research and development.

According to the prospectus, Changxin Technology achieved operating income of 50.8 billion yuan in the first quarter of 2026, a year-on-year surge of 719.13%, with a net profit attributable to the mother reaching 24.762 billion yuan. It is expected that the operating income for the first half of 2026 will be between 110 billion and 120 billion yuan, and the net profit attributable to the mother is expected to be between 50 billion and 57 billion yuan. In a previous listing committee meeting, inquiries were made about future performance volatility risks, Zhu Yiming's voluntary transfer of over 20 billion yuan of shares for the second phase of the employee stock incentive plan, and other issues.