Changxin Technology's IPO on the Science and Technology Innovation Board has been approved for registration by the China Securities Regulatory Commission, with plans to raise 29.5 billion yuan, making it the second largest project in history BlockBeats News: On June 12th, the China Securities Regulatory Commission approved the registration application of Changxin Technology Group Co., Ltd. for its initial public offering of shares on the Science and Technology Innovation Board, and officially disclosed the approval document of China Securities Regulatory Commission License [2026] No. 1344. Changxin Technology, as a leading integrated circuit manufacturer for large-scale production of general-purpose DRAM in China, successfully completed the registration process after half a month of deliberation at the Shanghai Stock Exchange Municipal Committee Meeting on May 27th. Changxin Technology's IPO plans to raise 29.5 billion yuan, becoming the second largest fundraising project in the history of the Science and Technology Innovation Board, second only to SMIC. The raised funds will mainly be invested in upgrading the technology of memory wafer manufacturing production lines, DRAM memory technology, and forward-looking technology research and development. According to the prospectus, Changxin Technology achieved a revenue of 50.8 billion yuan in the first quarter of 2026, a year-on-year increase of 719.13%, and a net profit attributable to the parent company of 24.762 billion yuan. It is expected that the operating revenue for the first half of 2026 will be 110 billion to 120 billion yuan, and the net profit attributable to the parent company is expected to be 50 billion to 57 billion yuan. At the previous meeting of the Shanghai Municipal Party Committee, the regulatory authorities inquired about the risks of future performance fluctuations and the second phase of employee stock incentive plan in which Zhu Yiming voluntarily relinquished over 20 billion yuan of shares. ---------------------------------Click on the original link below to join the Beating · Feishu AI news channel, which continuously monitors global AI hotspots and news 24/7. [Original link]