On July 27, 2026, Changxin Technology made its official debut on the Science and Technology Innovation Board of the Shanghai Stock Exchange, pricing its shares at RMB 8.66 each. During the trading session, its stock price soared by more than 530%, propelling its market capitalization to RMB 3.61 trillion. This remarkable surge not only catapulted Changxin Technology to the top of the A-share market but also surpassed the market values of Tencent Holdings on the Hong Kong Stock Exchange and Intel on the US stock market. By the close of trading, Changxin Technology’s stock price had climbed by 465.82%, culminating in a total market value exceeding RMB 3.28 trillion and cementing its position as the A-share listed company with the highest market value.

The total funds raised by Changxin Technology in this initial public offering (IPO) amounted to RMB 57.919 billion, setting a new benchmark for the highest amount raised in an IPO on the Science and Technology Innovation Board. As a premier domestic DRAM memory chip company, Changxin Technology has ascended to become China’s leading DRAM manufacturer and the fourth largest globally. Its listing heralds a significant milestone in the advancement of the domestic memory industry.