This week, the companies Changjiang Storage and Century Space launched A-share listing guidance.

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Mars Finance News, May 24 – The China Securities Regulatory Commission website disclosed that this week (May 18 to 24), two new companies have initiated A-share listing guidance, namely Yangtze Memory Technologies Corporation and 21st Century Space Technology Application Co., Ltd.
Among them, Yangtze Memory is China's only IDM giant to achieve mass production of 3D NAND flash memory chips, and based on capacity, shipment volume, and sales revenue, it has become the world's fourth-largest DRAM manufacturer.
Its wholly-owned subsidiary, Yangtze Memory Technologies, was included for the first time in the Hurun Research Institute's "2025 Global Unicorn List" with a valuation of 160 billion yuan, ranking 9th among China's top ten unicorns and 21st globally, becoming the highest-valued new unicorn in the semiconductor industry.
Industry insiders quoted in related reports revealed that Yangtze Memory's IPO is expected to raise between 30 billion and 40 billion yuan, with an overall valuation of over 300 billion yuan.
Century Space is China's first company to possess an autonomous operation control system for commercial remote sensing satellite systems, and it is also the first to be approved by the National Development and Reform Commission as the operator of a commercial remote sensing satellite constellation.
Its listing attempt can be traced back to 2019, when it withdrew voluntarily after passing the Sci-Tech Innovation Board review due to strategic adjustments and accounting issues.
By 2025, it had changed its guidance agency and restarted, and now it is again aiming for the Sci-Tech Innovation Board. (Ke Stock Bao Broadcast)
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YieldYardkeeper
· 1h ago
Will Century Space's winding path to going public succeed in its second stint on the STAR Market?
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GateUser-953e1a14
· 10h ago
Changcun finally moved; a valuation of 300 billion is no small feat.
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StakingLibrarian
· 05-24 05:25
From withdrawing after the meeting to coaching, the management team of Century Space is quite steady.
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DustyAlpha
· 05-24 05:25
Remote sensing satellite autonomous operation and control, this track is actually quite promising.
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0xTeaTime
· 05-24 05:17
Century Space fights again after six years, persistence can
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OffshoreWindOrder
· 05-24 05:17
The valuation difference between the subsidiary and the parent company is double; this structure is quite interesting.
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BerryColdWallet
· 05-24 05:09
Hard tech IPOs are piling up, and the competition for new listings is heating up again
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BridgeBurned
· 05-24 05:07
Both are state-level strategic enterprises; going public is just a matter of time.
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ZkSketcher
· 05-24 05:07
30 to 40 billion yuan fundraising, is Changcun planning to expand production or pay off debt?
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TokenTinkerTao
· 05-24 05:07
Can the A-shares market absorb this many large-scale IPOs this year?
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