Changxin Technology's IPO on the Science and Technology Innovation Board will be reviewed on May 27th. The company's performance in 2025 achieved a turnaround from loss to profit.

According to the Shanghai Stock Exchange website, the Shanghai Stock Exchange Listing Review Committee is scheduled to hold the 27th listing review committee review meeting for the year 2026 on May 27th, when it will review the offering of Longxin Technology Group Co., Ltd. The company updated its prospectus for the meeting on May 20th. According to the company's latest prospectus, Longxin Technology Group Co., Ltd. (referred to as Longxin Technology) intends to list on the Shanghai Stock Exchange Sci-Tech innovation board. CICC and China Securities Co., Ltd. are its sponsors, with plans to raise 29.5 billion yuan. The prospectus shows that Longxin Technology is the largest, most technologically advanced, and most diversified DRAM research, design, and manufacturing enterprise in China. Since its establishment in 2016, the company has focused on the research, design, production, and sales of DRAM products. The company has successfully transitioned from its first-generation technology platform to its fourth-generation platform for mass production, covering products such as DDR4, LPDDR4X, DDR5, LPDDR5/5X, and its core products and technology have reached international advanced levels. Longxin Technology actively follows industry trends, continues product iteration, and has developed a diversified product layout including DDR series and LPDDR series to meet market demand for servers, mobile devices, personal computers, smart cars, etc. The company owns 3 12-inch DRAM wafer factories in Hefei and Beijing and is ranked as the top DRAM manufacturer in China and the fourth in the world based on capacity and unit shipments according to Omdia. The DRAM industry has high technological and financial barriers, and leading companies have an advantage through economies of scale. According to Omdia, in 2025, Samsung Electronics, SK Hynix, and Micron Technology held 90% of the global DRAM market with market shares of 33.96%, 34.48%, and 23.41% respectively. In recent years, domestic DRAM manufacturer Longxin Technology has been gradually entering the ranks of major manufacturers. Based on Omdia data, as of the fourth quarter of 2025, Longxin Technology's global market share had increased to 7.67%, and it is expected to further grow with technological development and capacity expansion. In terms of financials, the company achieved operating revenues of 9.087 billion yuan, 24.178 billion yuan, and 61.799 billion yuan in 2023, 2024, and 2025 respectively; with net profits of approximately -19.225 billion yuan, -9.051 billion yuan, and 7.144 billion yuan during the same period.