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YMTC parent CCSH Corporation seeks 4.9 billion USD Shanghai IPO
CCSH Corporation, the parent company of NAND flash memory manufacturer Yangtze Memory Technologies Co (YMTC), is moving toward an initial public offering (IPO) on the Shanghai Stock Exchange's STAR Market. The company aims to raise approximately 33 billion yuan (roughly 4.9 billion USD) through the offering.
According to recent prospectus filings, YMTC has experienced a significant surge in profitability driven by a memory super-cycle and rising NAND prices. In the first quarter of 2026, the company reported a net profit of approximately 33.4 billion yuan, which exceeds its total reported profit for the entire year of 2025. Quarterly revenue for the same period reached approximately 47 billion yuan.
The capital raised from the IPO is intended to fund the upgrading of production lines and bolster research and development efforts. This move aligns with broader efforts within the Chinese semiconductor sector to achieve technological self-sufficiency and expand advanced production capacity to meet growing demand from the artificial intelligence sector.
Entities
CCSH Corporation · CXMT · STAR Market · Shanghai Stock Exchange · Wuhan · YMTC · Yangtze Memory Technologies
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 2 SOURCES] YMTC reported a quarterly profit of approximately 33.4 billion yuan in the first three months of 2026. www.drweb.de · www.teleborsa.it
- [● 2 SOURCES] The first quarter profit of 33.4 billion yuan exceeded the total annual profit of 2025, which was approximately 14.2 billion to 18 billion yuan. www.drweb.de · www.teleborsa.it
- [○ 1 SOURCE] CCSH Corporation is planning an IPO on the Shanghai STAR Market to raise approximately 33 billion yuan (4.9 billion USD). www.techinside.com
- [○ 1 SOURCE] YMTC intends to use IPO proceeds to upgrade production lines and strengthen research and development. www.teleborsa.it
- [● 3 SOURCES] The Shanghai Stock Exchange has accepted the listing application for CCSH Corporation on the STAR Market. www.techinside.com · www.drweb.de · www.teleborsa.it
- [○ 1 SOURCE] YMTC revenue in the first quarter of 2026 reached approximately 47 billion yuan. www.drweb.de