BlockBeats News, May 27th, according to the IPO prospectus submitted by Changxin Technology, the company has entered the ranks of "second only to the three major international giants" in terms of revenue, but the scale gap is still clear. The company's revenue in the first quarter of 2026 was 50.8 billion RMB, accounting for 31% of Micron's revenue for the same period. Based on the latest quarter's revenue converted into RMB, Micron is about 3.2 times the size of Changxin, SK Hynix is about 4.7 times, and Samsung Memory is about 6.7 times.

The prospectus shows that Changxin's revenue growth comes from three factors: capacity ramp-up, product structure upgrade, and the rebound of DRAM prices. Since the end of 2025, the mass production of DDR5 and LPDDR5/5X, combined with industry supply chain tightness, has driven significant improvement in revenue and profit margins in the first quarter.

In terms of market share, based on the sales in the fourth quarter of 2025, Changxin Technology accounted for 7.67% of the global market share in 2025 (Samsung, Hynix, and Micron combined for over 90%). According to Omdia's statistics on capacity, shipments, and sales revenue, Changxin ranks first in China and fourth globally.

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