On July 27, Changxin Technology, a leading domestic DRAM company, officially landed on the Science and Technology Innovation Board. It rose more than 465% on the first day of listing, and its total market capitalization exceeded 3.3 trillion yuan, topping the A-share market capitalization list. Affected by the “siphon effect” of massive trading, memory chip concept stocks opened low under pressure in early trading, but then market sentiment quickly recovered, and the sector rebounded sharply, and many constituent stocks rose and stopped. Analysts believe that as the only domestic enterprise to achieve large-scale mass production of DRAM, Changxin Technology's successful listing has not only completed China's key puzzle in the field of memory chips, but has also driven deep collaboration in the upstream and downstream supply chains as a “chain owner”, and the binding effect of industrial capital and business is showing at an accelerated pace. Against the backdrop of continued explosion in demand for AI computing power, the valuation logic of the storage industry is evolving from a traditional cyclical framework to a growth manufacturing framework, and the sector's long-term investment value is widely favored by institutions.

On July 27, Changxin Technology, a leading domestic DRAM company, officially landed on the Science and Technology Innovation Board. It rose more than 465% on the first day of listing, and its total market capitalization exceeded 3.3 trillion yuan, topping the A-share market capitalization list. Affected by the “siphon effect” of massive trading, memory chip concept stocks opened low under pressure in early trading, but then market sentiment quickly recovered, and the sector rebounded sharply, and many constituent stocks rose and stopped. Analysts believe that as the only domestic enterprise to achieve large-scale mass production of DRAM, Changxin Technology's successful listing has not only completed China's key puzzle in the field of memory chips, but has also driven deep collaboration in the upstream and downstream supply chains as a “chain owner”, and the binding effect of industrial capital and business is showing at an accelerated pace. Against the backdrop of continued explosion in demand for AI computing power, the valuation logic of the storage industry is evolving from a traditional cyclical framework to a growth manufacturing framework, and the sector's long-term investment value is widely favored by institutions.