ChangXin Technology's IPO surges, market value tops 3 trillion yuan
On 27 July 2026, ChangXin Technology (长鑫科技) debuted on the Shanghai Stock Exchange Sci‑Tech Innovation Board. The shares were priced at 8.66 yuan each, but opened at 49.5 yuan, a jump of 471.59 % over the issue price. The first‑day market valuation reached roughly 3.31 trillion yuan, making it the largest‑valued A‑share listed company.
The offering raised about 579 billion yuan, and the firm, founded in 2016 and based in Hefei, Anhui, forecast 2026 first‑half revenue of 1,100‑1,200 billion yuan with net profit of 500‑570 billion yuan. By the end of 2026 it expects monthly DRAM production capacity of around 350,000 wafers, approaching the scale of global leader Micron Technology.
The United States added ChangXin to the Department of Defense’s “1260H” list and U.S. lawmakers have called for a ban on American firms selling its chips. China’s foreign ministry, represented by spokesperson Lin Jian, said Beijing opposes the politicisation of trade and technology issues.
Entities: ChangXin Technology · Lin Jian · Micron Technology · Shanghai Stock Exchange · U.S. Department of Defense
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [○ 1 SOURCE] The company expects 2026 H1 revenue of 1,100–1,200 billion yuan and net profit of 500–570 billion yuan. (3a04be6e-bc57-4f7a-a352-849280064967)
- [● 2 SOURCES] ChangXin Technology listed on the Shanghai Stock Exchange Sci‑Tech Innovation Board on 27 July 2026. (3a04be6e-bc57-4f7a-a352-849280064967, 54adf2c6-a74e-4cae-ab3a-1c2b0bd6f6e5)
- [○ 1 SOURCE] By the end of 2026, monthly DRAM capacity is projected to reach about 350,000 wafers, near Micron's scale. (3a04be6e-bc57-4f7a-a352-849280064967)
- [● 2 SOURCES] First‑day market valuation reached about 3.31 trillion yuan, the highest among A‑share listed companies. (3a04be6e-bc57-4f7a-a352-849280064967, 54adf2c6-a74e-4cae-ab3a-1c2b0bd6f6e5)
- [○ 1 SOURCE] The IPO raised approximately 579 billion yuan. (54adf2c6-a74e-4cae-ab3a-1c2b0bd6f6e5)
- [○ 1 SOURCE] The U.S. Department of Defense placed ChangXin on its “1260H” list and U.S. lawmakers urged a Commerce Department ban on American firms selling its chips. (3a04be6e-bc57-4f7a-a352-849280064967)
- [● 2 SOURCES] Shares opened at 49.5 yuan, up 471.59 % from the issue price. (3a04be6e-bc57-4f7a-a352-849280064967, 54adf2c6-a74e-4cae-ab3a-1c2b0bd6f6e5)
- [● 2 SOURCES] The IPO price was 8.66 yuan per share. (3a04be6e-bc57-4f7a-a352-849280064967, 54adf2c6-a74e-4cae-ab3a-1c2b0bd6f6e5)