China's prominent storage company CXMT is embarking on its IPO journey, receiving listing advisory services from CICC and CSC Securities. With a substantial registered capital of RMB 60.19 billion, CXMT boasts Hefei Qinghui Integrated Circuit Enterprise Management Partnership as its leading shareholder, holding a significant 21.67% stake. CXMT specializes in the design, research and development, production, and sales of DRAM memory chips, positioning itself as a key player in the industry.

CXMT's subsidiary, CXMT Storage, has introduced several commercial products that have found widespread application across various sectors. Last year, CXMT successfully raised RMB 10.8 billion, commanding a pre-investment valuation of approximately RMB 140 billion, underscoring its robust financial position and market potential.

Market forecasts indicate that CXMT's production capacity is set to surge by nearly 50% year-on-year this year, propelling its market share to new heights. Additionally, the company is poised to accelerate its transition to advanced DDR5 and LPDDR5 technologies, underscoring its commitment to innovation and staying ahead of the technological curve.