Changxin's listing performance forecast: benchmark Hynix can impact 3 trillion yuan, AI upward cycle generates optimistic prospect of 5 trillion yuan According to BlockBeats, on July 19th, Chinese domestic storage chip leader Changxin Technology (Changxin Storage/CXMT) plans to be officially listed on the Shanghai Stock Exchange's Science and Technology Innovation Board on July 27, 2026, with an initial market value of about 580 billion yuan. Changxin is expected to impact the world's third-largest DRAM supplier. The latest forecast for its market value performance after listing is as follows: UBS (America) latest research report believes that the DRAM industry will be in short supply, at least until the second quarter of 2028, and this sustained high prosperity outlook provides key support for Changxin Technology's market expectations of achieving trillion level or even higher valuations. Zhang Xiaorong, President of the Institute of Advanced Technology Research, stated that assuming Changxin's net profit is around 100 billion yuan this year, with a reasonable PE of 20-25 times, and driven by industry trends, it is highly likely to impact a trillion dollar market value after going public. CNBC technology analyst Daniel Haylor believes that Changxin Technology is in a favorable position, especially benefiting from the huge shortage in the mobile memory market; The world's three major storage giants are shifting a large amount of production capacity to the higher profit HBM field, which will further squeeze the supply of general DRAM. As a leading DRAM player in China, Changxin is expected to achieve significant growth and valuation reassessment in this structural opportunity. Senior investment banker Wang Jiyue predicts that Changxin Technology is expected to be valued at 2-3 trillion yuan after its IPO, compared to Hynix. Currently, Samsung Electronics and Hynix have the latest price to earnings ratios (TTM) of 21.7 times and 21.3 times, respectively. According to a research report by CITIC Securities, the demand for storage will continue to exceed supply at least until 2027, and price increases will run through the entire year of 2026. The industry cycle logic has strengthened institutions' optimistic judgment of Changxin Technology's valuation of 2 trillion to 3 trillion yuan after its listing. Reuters view: It is expected that its market value is likely to exceed 3 trillion yuan (about 443 billion US dollars), and under the driving force of AI upward cycle and technological self-reliance, it may even reach 5 trillion yuan. Multiple domestic securities firms in China have unanimously predicted that Changxin Technology's market value is expected to impact 2 trillion to 3 trillion yuan after its listing. The core support includes long-term demand for AI computing power DRAM/HBM, the unique DRAM production capacity platform attribute in China, support from national funds, and domestic substitution logic. Some estimates show a reasonable opening range of 2 trillion to 2.5 trillion yuan. Financial Times analysts expect that Changxin Technology's valuation is expected to soar to as high as 3 trillion yuan, mainly due to the AI led surge in demand for storage chips and the company's rapid expansion of market share in the global DRAM market. International analysts have an optimistic assessment of the company's growth story and structural opportunities. Some optimistic institutions and some securities and electronics industry analysts believe that under the high prosperity and A-share semiconductor scarcity premium, Changxin Technology's market value is expected to break through 3 trillion yuan or even reach 4 trillion yuan, and may be even higher in extreme scenarios. This view is based on the expected high net profit in 2026 and the growth stock valuation logic of benchmarking international giants. According to professional calculations from third-party market research, in the medium to long term, under the long-term dividends brought by AI infrastructure, specific scenarios include assuming that the revenue will approach or exceed 100 billion yuan and the net profit will be between 10 billion and 15 billion yuan in 2026-2027. Based on a high scenario P/E ratio of 50-100 times, the secondary market may give a monopolistic leader valuation, and the long-term steady-state market value is likely to fall within the range of 1.6 trillion to 2.2 trillion yuan.