On October 10th, according to the official website of the China Securities Regulatory Commission, the IPO counseling status of Changxin Technology Group Co., Ltd., the parent company of Changxin Storage, a leading domestic DRAM enterprise, has been changed to "counseling acceptance". At this time, it has only been less than three months since Changxin Technology submitted its listing guidance and filing in early July this year, which can be described as lightning speed.

In addition, this time, China International Capital Corporation (CICC) and CITIC Securities jointly served as coaching institutions for Changxin Technology, with a total of 34 coaching staff participating in coaching (generally speaking, the size of the IPO coaching team is between 5-15 people). Such a large lineup is rare.

 As of now, Changxin Technology's valuation has exceeded 140 billion yuan. 

According to the coaching documents, Changxin Technology has a registered capital of 60.19 billion yuan and no controlling shareholder. The largest shareholder is Hefei Qinghui Jidian Enterprise Management Partnership (Limited Partnership), which directly holds 21.67% of the company's shares. 

Public information shows that Changxin Technology was established in June 2016 with a registered capital of 60.193 billion yuan. It is mainly engaged in the research and development, design, production, and sales of dynamic random access memory (DRAM) products. Changxin Storage Technology Co., Ltd. (referred to as "Changxin Storage"), the core asset and wholly-owned subsidiary of Changxin Technology, is currently the largest domestic integrated dynamic random access memory chip (DRAM) manufacturer in China, specializing in the design, research and development, production, and sales of DRAM chips.

As a leading DRAM player in China, Changxin Storage is an important scarce target in the domestic semiconductor industry. According to Trendforce data, Changxin Storage's production capacity will reach 300000 pieces per month by the end of 2025, a year-on-year increase of nearly 50%; According to Counterpoint's forecast, Changxin Storage's DDR5 market share will increase from 1% at the beginning of the year to 7% by the end of the year, and its LPDDR5 market share will increase from 0.5% in Q1 2025 to 9% by the end of the year.

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