Domestic storage leader Changcun Holdings Science and Technology Innovation Board IPO has been inquired

The Zhitong Finance App learned that on September 3, Changjiang Storage Holdings Co., Ltd. (Changcun Holdings) applied for listing on the Shanghai Stock Exchange Science and Technology Innovation Board and changed its review status to “Inquired”. CITIC Securities and CITIC Construction Investment are sponsors and plan to raise 33 billion yuan.

According to the prospectus, the company represents China as a world-class memory IDM company, creating the world's leading NAND Flash series products with high layer count, high storage density, and high I/O speed, which are widely used in enterprise servers, data centers, consumer electronics and other fields. Relying on China's huge application market and international layout, the company's shipments grew rapidly during the reporting period. According to TrendForce data, from January to March 2026, the company ranked third in the world and number one in China by sales amount and shipment volume.

The company always adheres to original core technology research, leading China's 3D NAND technology to catch up with the international advanced level. The company launched Xtacking® 3.0 technology in 2022, and won the FMS “Most Innovative Storage Technology Award” at the Global Storage Industry Authoritative Summit, becoming one of the first companies in the world to launch 3D NAND Flash products with more than 200 layers, leading the world's advanced level of storage technology for the first time; iterating Xtacking® 4.0 technology in 2024, it won the FMS authoritative award the following year, reshaping the global 3D NAND technology development route; in 2025, it became one of the few leading international manufacturers in mainland China that reached patent cross-licensing Integrated circuit companies have a prominent technological influence.

The company has built a diversified high-quality customer system to achieve multi-dimensional and multi-level market coverage. In the enterprise user market, the company cooperated deeply with leading domestic enterprises in the fields of Internet, servers, consumer electronics, etc., and also entered a world-class customer supply system. In the individual user market, the company launched its own brand Genesis® series of products, and its brand awareness and market influence continued to increase.

Memory is the cornerstone of the digital age and the core carrier of digital infrastructure. Driven by terminal applications, the company continues to build a high commercial value product portfolio to support the diverse needs of various segments and application scenarios. At the same time, the company provides application verification scenarios for upstream materials, equipment and parts manufacturers, and works with upstream and downstream business partners to promote technological iteration and process upgrading throughout the industry chain, expand and strengthen the Chinese memory industry, and give back to the community with scientific and technological innovation services.

On the financial side, in 2023, 2024, 2025 and January-March 2026, the company achieved operating income of approximately 18.744 billion yuan, 45.203 billion yuan, 63.185 billion yuan, and 47.042 billion yuan respectively; for the same period, net profit was approximately 19,181 billion yuan, 6.771 billion yuan, 14.211 billion yuan, and 33.379 billion yuan, respectively.