On August 24, Reuters reported that Yangtze Memory Technologies Co., Ltd. (YMTC), China's largest flash memory chip manufacturer, has had its IPO application accepted by the Shanghai Stock Exchange's Sci-Tech Innovation Board. The market anticipates that the company will go public next year. This IPO is expected to raise 33 billion yuan (approximately 4.9 billion USD). CCSH plans to issue between 1.98 billion and 2.43 billion new shares. According to the prospectus, the company's revenue for the first quarter of 2026 (January to March) is projected to reach 47 billion yuan, nearly five times year-on-year growth; net profit is expected to be 33.38 billion yuan, more than double the net profit of 14.21 billion yuan for the entire year of 2025. Meanwhile, YMTC's factories are currently operating at near full capacity and are continuing to expand sales in the tightening NAND flash memory market. The average selling price of NAND flash memory in the first quarter of 2026 is expected to reach 2.73 times the average level of 2025, with gross margin rising significantly from 35.3% in 2025 to 76.8%. CCSH plans to allocate 20.8 billion yuan of the funds raised from this listing to expand production lines, and another 12.2 billion yuan for research and development of next-generation NAND flash memory and high-speed storage products.
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Reuters: Yangtze Memory Technologies IPO Expected to Raise 33 Billion Yuan
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Reuters: Yangtze Memory Technologies Corporation's IPO Expected to Raise 33 Billion Yuan
On August 24, Reuters reported that Yangtze Memory Technologies Corporation (YMTC), China's largest flash memory chip manufacturer, has had its IPO application accepted by the Shanghai Stock Exchange's Sci-Tech Innovation Board. The market anticipates that the company will go public next year. This IPO is expected to raise 33 billion yuan (approximately 4.9 billion USD). CCSH plans to issue between 1.98 billion and 2.43 billion new shares. According to the prospectus, the company's revenue for the first quarter of 2026 (January to March) is projected to reach 47 billion yuan, nearly five times year-on-year growth; net profit is expected to be 33.38 billion yuan, more than double the net profit of 14.21 billion yuan for the entire year of 2025. Meanwhile, YMTC's factories are currently operating at near full capacity and are continuing to expand sales in the tightening NAND flash memory market. The average selling price of NAND flash memory in the first quarter of 2026 is expected to reach 2.73 times the average level of 2025, with gross profit margins rising significantly from 35.3% in 2025 to 76.8%. CCSH plans to allocate 20.8 billion yuan of the funds raised from this listing to expand production lines, and another 12.2 billion yuan for research and development of the next generation of NAND flash memory and high-speed storage products. -
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