Dr. Moyu|摸鱼局长|Jul 22, 2026 16:00
Changxin Technology may create the strongest wealth creation myth for A-shares this year
It is rumored that Huang Xiaoming once bet 100 million yuan on Changxin when it was valued at about 20 billion yuan
If the news is true, after Changxin's listing, its market value will rise to 3 trillion yuan, and the book value of this shareholding will be close to 15 billion yuan
An early bet of 100 million yuan may leverage returns in the billions. Changxin's imagination is here
The director will give you a few key numbers:
-This year's largest semiconductor IPO on the A-share market and the second largest in the history of the Science and Technology Innovation Board
-The issue price is 8.66 yuan, corresponding to a post issue market value of approximately 579.2 billion yuan
-The market's discussion on new profits has already reached the level of "signing for tens of thousands of yuan"
The trump card for Changxin's valuation lies in its position
It is the core enterprise of DRAM full process IDM in Chinese Mainland, with a global market share of about 7.67%, ranking fourth in the world and first in China
In the global storage landscape dominated by Samsung, SK Hynix, and Micron, Changxin has already sat at the table
The AI wave has added another flame to the storage industry
SK Hynix soared all the way with HBM, and Micron's market value also soared to nearly a trillion US dollars
Changxin's current main force is still standard DRAM, but its strategic position as a leading domestic storage company, the recovery of the industry cycle, and the expectation of independent and controllable funds are enough to attract much higher attention than traditional cyclical stocks in the early stages of its listing
I took a glance at PredictFun's current trading position, and the market divergence is actually quite interesting:
2.5 trillion to 3 trillion yuan: 24%
3 trillion to 3.5 trillion yuan: 24%
The two levels are tied for the highest, totaling 48%
Between 3.5 trillion and 4 trillion yuan, there is still 16%, and above 4 trillion yuan, there is also 13%
From a market value of 579.2 billion yuan to 3 trillion yuan, which is approximately 5 times the market value, the corresponding stock price is about 45 yuan. The market is betting on whether Changxin can leverage domestic substitution and storage cycle to achieve a super valuation of A-share storage chips
Which tier would you choose for the total closing market value of Changxin's listing?
@predictdotfun
Market data is based on real-time pages and is for market discussion only. It does not constitute investment advice
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