The Shanghai Stock Exchange has accepted Yangtze Memory Technologies Co., Ltd.’s initial public offering review for listing on the Sci-Tech Innovation Board, with proposed financing of 33 billion yuan. The offering is sponsored by CITIC Securities and CITIC Construction Investment. Yangtze Memory’s prospectus shows that after turning a profit in 2024, its profit level rose rapidly, with operating revenue of 47.042 billion yuan and net profit attributable to the parent company of 33.379 billion yuan from January through March 2026. TrendForce data ranked the company third globally and first in China among NAND Flash manufacturers by both sales revenue and shipment volume during the period.