On May 19, Huatai Securities highlighted in its research report, referencing the prospectus released by Changxin Technology on May 17, that the burgeoning demand for computing power and the escalating prices of DRAM products are poised to propel Changxin Technology's net profit attributable to the parent company to an impressive RMB 50 billion to RMB 57 billion by the first half of 2026. The memory industry is witnessing rapid expansion, prompting Huatai Securities to anticipate that upstream material suppliers will also reap substantial benefits. With wafer foundries and memory companies ramping up their production capacities, and chip technology advancing towards novel memory types, cutting-edge processes, and sophisticated packaging techniques, the global semiconductor material market is poised for exponential growth. Presently, the overall localization rate of semiconductor materials in China remains comparatively modest. However, given the escalating imperative for self-sufficiency and the heightened competitiveness of domestically produced offerings, a gradual increase in the localization rate is anticipated.