According to CoinMeta, the listing application of Yangtze Memory Technology Holdings on the Science and Technology Innovation Board of the Shanghai Stock Exchange has been accepted. The company is expected to raise 33 billion yuan (about 4.9 billion US dollars) and plans to issue 1.98 billion to 2.43 billion new shares. The prospectus shows that in the first quarter of 2026, Yangtze Memory Technology Holdings had revenue of 47 billion yuan and a net profit of 33.38 billion yuan, which is more than twice the annual net profit of 14.21 billion yuan in 2025. Yangtze Memory Technology Holdings plans to use 20.8 billion yuan of the raised funds to expand production lines and 12.2 billion yuan to develop the next generation of NAND flash memory and high-speed storage products.