Changxin IPO Filing Details: Q1 Revenue Reaches 31% of Micron's, Market Share Ranks First in China and Fourth Globally

BlockBeats News, May 27th. According to the 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 difference is still clear. The company's revenue in the first quarter of 2026 was 50.8 billion Chinese Yuan, accounting for 31% of Micron's revenue for the same period. Based on the latest quarter's revenue converted to Chinese Yuan, Micron is about 3.2 times the size of Changxin, SK Hynix about 4.7 times, and Samsung Memory 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 volume of DDR5 and LPDDR5/5X combined with industry supply chain tightness has significantly improved the first-quarter revenue and profit margin.

In terms of market share, based on the sales revenue in the fourth quarter of 2025, Changxin Technology occupied 7.67% of the global market share in 2025 (Samsung, Hynix, and Micron jointly accounted 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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