Changjiang Storage Technology Holdings' application for listing on the Science and Technology Innovation Board has been accepted, with an expected fundraising of RMB 33 billion

According to Reuters, Changjiang Storage Technology Holdings' listing application on the Shanghai Stock Exchange's Science and Technology Innovation Board has been accepted, with an expected fundraising of 33 billion yuan (approximately 4.9 billion US dollars) and plans to issue 1.98 billion to 2.43 billion new shares. According to the prospectus, Changjiang Storage Technology Holdings' revenue for the first quarter of 2026 was RMB 47 billion, with a net profit of RMB 33.38 billion, exceeding twice the annual net profit of RMB 14.21 billion in 2025. Changjiang Storage Technology Holdings plans to use 20.8 billion yuan of the raised funds to expand production lines and 12.2 billion yuan to develop next-generation NAND flash memory and high-speed storage products.