The China Securities Regulatory Commission (CSRC) has approved Changxin Technology Group Co., Ltd.'s application for initial public offering (IPO) on the STAR Market, officially disclosing the approval document No. 1344 [2026]. As a leading integrated circuit manufacturer in the mass production of general-purpose DRAM in China, Changxin Technology successfully completed the registration process after passing the review by the Shanghai Stock Exchange's listing committee on May 27, taking about half a month. The IPO aims to raise 29.5 billion yuan, making it the second largest fundraising project in the history of the STAR Market, following SMIC. The raised funds will primarily be used for upgrading manufacturing lines for memory wafer production, enhancing DRAM memory technology, and developing advanced technologies. According to the prospectus, Changxin Technology achieved an operating income of 50.8 billion yuan in the first quarter of 2026, a staggering year-on-year increase of 719.13%, with a net profit attributable to the parent company 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, with a net profit attributable to the parent company estimated at 50 billion to 57 billion yuan. During the previous listing committee meeting, regulators inquired about potential performance volatility risks and the second phase of the employee stock incentive plan, in which Zhu Yiming voluntarily relinquished over 20 billion yuan worth of shares.