Changxin is about to go public, and "Domestic Micron" has top-notch profitability, but there is still a gap in revenue scale BlockBeats News, May 27th, Today's News: Changxin Technology's IPO on the Science and Technology Innovation Board has been approved by the Shanghai Municipal Party Committee Meeting. As the fourth largest DRAM manufacturer in terms of global shipments, Changxin Technology's revenue has entered the ranks of "second only to the three major international leaders", but the scale gap is still clear. According to publicly available information, BlockBeats compared Changxin Technology's financial indicators horizontally with international DRAM giants Micron, SK Hynix, and Samsung Electronics as follows: In terms of the latest quarter's RMB converted revenue, Micron is about 3.2 times that of Changxin, SK Hynix is about 4.7 times, and Samsung Storage is about 6.7 times. Changxin Technology still has a significant gap in revenue compared to top companies. ·In terms of profitability, Changxin's operating profit margin for the first quarter of 2026 was 69.7%, higher than Micron's GAAP caliber of 67.6% and slightly lower than SK Hynix's 71.5%. Benefiting from the upward trend in industry prosperity, the company's profitability is now comparable to that of top companies. In addition, Changxin's prospectus shows that the company's Q1 revenue growth comes from three factors: capacity ramp up, product structure upgrade, and DRAM price rebound. Since the end of 2025, the high volume of DDR5 and LPDDR5/5X combined with tight supply and demand in the industry has led to a significant improvement in revenue and profit margins in the first quarter. At present, Micron and SK Hynix have made high-profile breakthroughs in their trillion dollar market value, and the timing of the listing of "domestic Micron" Changxin Technology is perfect. In the short term, the market is bound to be popular after the IPO. However, in the long run, Changxin's gross profit margin still lags behind the top three companies, and in the future, it will strive to gain a larger market share through continuous research and development, new product innovation, and economies of scale improvement.