Yangtze Memory Technologies' parent company is expected to raise 33 billion yuan through its IPO on the Sci-Tech Innovation Board

On August 24, according to Reuters, China's largest flash memory chip manufacturer Yangtze Memory Technologies Co., Ltd. (YMTC) and its parent company Yangtze Memory Technologies Holdings (CCSH Corporation) have had their listing application accepted by the Shanghai Stock Exchange's Science and Technology Innovation Board, with the market expecting the company to 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.

The prospectus shows that the company's revenue in the first quarter of 2026 (January to March) reached 47 billion yuan, nearly a fivefold increase year-on-year; net profit was 33.38 billion yuan, more than double the net profit of 14.21 billion yuan for the entire year of 2025. YMTC's factories are currently operating at near full capacity and are continuously expanding sales in the tightening NAND flash memory market. The average selling price of NAND flash memory in the first quarter of 2026 reached 2.73 times the average level of 2025, and the gross profit margin also significantly increased from 35.3% in 2025 to 76.8%.

CCSH plans to use 20.8 billion yuan of the funds raised from this listing to expand production lines, and an additional 12.2 billion yuan for research and development of the next generation of NAND flash memory and high-speed storage products.