Bin But: YMTC's Listing May Set a New Record High for A-Share Market Cap

BlockBeats News, June 30th. Renowned investor and Chairman of Shenzhen Oriental Harbor Investment Management Co., Ltd., But Bin, posted on social media stating that he expects ChangXin Storage's market value to reach 2 trillion, 3 trillion, or even 5 trillion yuan after its IPO, and he referred to it as creating a new "Mt. Everest" in the A-share market.

Earlier reports indicated that ChangXin Storage is about to be listed on the Shanghai Science and Technology Innovation Board. ChangXin Storage's IPO is set to raise 29.5 billion yuan, making it the second-largest fundraising project in the history of the Sci-Tech Innovation Board, following only SMIC. In the first quarter of 2026, ChangXin Storage achieved an operating income of 50.8 billion yuan, a year-on-year increase of 719.13%, with a net profit attributable to the parent of 24.762 billion yuan. It is projected that the operating income for the first half of 2026 will be between 110 billion and 120 billion yuan, with an estimated net profit attributable to the parent of 50 billion to 57 billion yuan.