ChainCatcher reported that Yangtze Memory Technologies Co. Ltd. has seen the review status of its initial public offering on the STAR Market change to “accepted,” with planned fundraising of 33 billion yuan. The sponsors are Citic Securities and CICC. Its prospectus says the company returned to profit in 2024 and has since improved quickly, posting 47.042 billion yuan in revenue and 33.379 billion yuan in net profit attributable to shareholders in the first quarter of 2026. TrendForce data cited in the filing shows the company ranked third globally and first in China among NAND flash makers by both sales value and shipments in Q1 2026.
STAR Market IPO filing moves to “accepted” status
ChainCatcher said Yangtze Memory Technologies Co. Ltd. has seen the review status of its initial public offering on the Shanghai Stock Exchange’s STAR Market change to “accepted.” The company plans to raise 33 billion yuan.
The sponsors are Citic Securities and CICC.
Prospectus shows a sharp profit rebound
According to the prospectus, Yangtze Memory turned profitable in 2024 and has since improved rapidly. In the first quarter of 2026, the company reported 47.042 billion yuan in revenue and 33.379 billion yuan in net profit attributable to shareholders.
TrendForce rankings cited in the filing
Based on TrendForce data, the company ranked third globally and first in China among NAND flash makers in the January-March 2026 period, both by sales value and by shipment volume.
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