Yangtze Memory Technologies Co., Ltd. has changed its IPO review status on the Sci-Tech Innovation Board to "Accepted."

The Shanghai Stock Exchange has changed the IPO review status of Yangtze Memory Technologies Co., Ltd. to accepted for its initial public offering and listing on the Sci-Tech Innovation Board, with a proposed financing amount of 33 billion yuan. The sponsoring institutions are CITIC Securities and CITIC Construction Investment.

The prospectus of Yangtze Memory shows that after turning a profit in 2024, the profit level will rise rapidly, with operating revenue of 47.042 billion yuan and net profit attributable to the parent company of 33.379 billion yuan achieved from January to March 2026. According to TrendForce data, from January to March 2026, the company ranked third globally and first in China among global NAND Flash manufacturers by both sales revenue and shipment volume.