中国芯片制造商长鑫存储科创板上市首日股价暴涨约470%Chinese Chipmaker CXMT Shares Surge Up to 470% in Blockbuster Market Debut

在2026年7月27日的首日交易中，长鑫存储在上海证券交易所科创板的表现极为强劲。该股开盘后迅速飙升，全天股价涨幅维持在约466%至470%之间。最终，长鑫存储的股价收于每股49元，而此前公布的首次公开募股发行价仅为每股8.66元。这一巨大的涨幅使这家芯片制造商在上市首日便吸引了市场的广泛关注。

During its debut on the Shanghai Stock Exchange's tech-heavy STAR Market on July 27, 2026, ChangXin Memory Technologies (CXMT) experienced an extraordinary surge in its share price. The company's stock soared between approximately 466% and 470% over the course of its first trading day. CXMT shares ultimately closed at 49 yuan per share, representing a massive increase from the initial public offering price of 8.66 yuan per share.

凭借首日收盘时每股49元的价格，长鑫存储的总市值达到了约3.3万亿元人民币。这一估值使长鑫存储成功超越了此前长期占据榜首的中国工商银行（其市值约为2.6万亿元人民币），一举成为中国A股市场市值最高的上市公司。尽管本月全球科技股出现了剧烈的抛售潮，但长鑫存储依然凭借此次上市表现，登顶成为中国大陆市值最高的上市企业。

At the closing price of 49 yuan, CXMT's market capitalization reached approximately 3.3 trillion yuan. This valuation allowed the memory chipmaker to surpass the Industrial and Commercial Bank of China (ICBC), which held a market capitalization of around 2.6 trillion yuan, to become the most valuable listed company in mainland China. This dramatic rise occurred despite a broader global sell-off in technology stocks earlier in the month.

长鑫存储此次在上海证券交易所科创板的首次公开募股（IPO）中，将其股票发行价格定为每股8.66元。通过这一具有里程碑意义的股份销售，该公司成功募集了579.2亿元人民币（约合86亿美元）。这一庞大的募资规模不仅使其成为2026年以来亚洲地区规模最大的首次公开募股，同时也创下了自2010年以来中国大陆市场最大规模的IPO纪录之一。

In its landmark initial public offering on the Shanghai Stock Exchange's tech-heavy STAR Market, ChangXin Memory Technologies (CXMT) priced its shares at 8.66 yuan per share. Through this share sale, the company successfully raised 57.92 billion yuan (approximately $8.6 billion). This massive fundraising volume officially established the listing as the largest initial public offering in Asia so far in 2026, and it also represents one of the biggest IPOs recorded in mainland China since 2010.

在当前全球半导体行业竞争加剧的背景下，长鑫存储此次创纪录的募资活动吸引了市场的广泛关注。尽管此前市场对该公司的估值存在一定程度的担忧，但其最终的募资结果依然表明，这家国家支持的动态随机存取内存（DRAM）供应商在人工智能热潮的推动下，获得了资本市场的强力支持。这笔巨额资金的注入，也为该公司后续的产能扩张和技术研发奠定了坚实的资金基础。

The record-breaking fundraising by the state-backed DRAM supplier succeeded despite earlier valuation concerns in the market. Riding a wave of momentum from the ongoing artificial intelligence boom, the company secured substantial capital backing. The massive influx of funds from this landmark listing is expected to provide the semiconductor manufacturer with the financial resources necessary to support its upcoming production expansion and ongoing research and development initiatives.

长鑫存储成立于2016年，由董事长朱一明创立，总部位于中国东部安徽省合肥市。作为中国主要的内存芯片制造商，该公司专注于生产动态随机存取内存（DRAM）芯片。这些芯片是现代电子设备不可或缺的核心部件，广泛应用于智能手机、个人电脑、平板电脑以及人工智能数据中心和服务器等设备中。

Founded in 2016 by Chairman Zhu Yiming, ChangXin Memory Technologies (CXMT) is headquartered in Hefei, Anhui Province in eastern China. As China's leading memory chipmaker, the company specializes in manufacturing dynamic random-access memory (DRAM) chips. These semiconductor components are essential for powering a wide range of electronic devices, including smartphones, personal computers, tablets, and artificial intelligence data centers and servers.

根据长鑫存储的首次公开募股（IPO）招股说明书，基于2025年第四季度的销售数据，该公司在2025年全球DRAM市场中占据了7.67%的份额。尽管长鑫存储近年来取得了快速发展，但目前的全球DRAM市场依然由三星电子、SK海力士和美光科技这三家行业巨头主导。长鑫存储正努力在这一高度集中的全球竞争格局中开拓更广阔的市场空间。

According to its initial public offering prospectus, CXMT held a 7.67% share of the global DRAM market in 2025, based on sales figures from the fourth quarter of 2025. This market share represents the company's growing footprint in an industry that remains heavily dominated by three major global players: Samsung Electronics, SK Hynix, and Micron Technology. CXMT is positioned as a key domestic supplier working to expand its presence within this highly consolidated international market.

长鑫存储表示，公司计划将此次首次公开募股（IPO）募集的大部分资金用于扩大内存芯片的生产规模，并持续加大在技术研发方面的投入。这笔巨额资金将直接支持该公司在动态随机存取内存（DRAM）领域的产能扩张和技术迭代，以满足日益增长的市场需求。

ChangXin Memory Technologies (CXMT) has stated that it plans to utilize the majority of the proceeds raised from its landmark initial public offering to boost its memory chip production capacity and to conduct further research and development. This capital injection is expected to directly support the company's manufacturing expansion and technological advancement in the highly competitive dynamic random-access memory (DRAM) sector.

针对长鑫存储的未来发展前景，投资机构毅一资产（Yiyi Capital）首席执行官 Theodore Shou 表达了积极的预期。他指出，长鑫存储毫无疑问将成长为该领域的全球行业领头羊，该公司不仅能够扮演行业挑战者的角色，成为该特定领域的全球冠军也只是时间问题。

Commenting on the company's long-term prospects, Theodore Shou, the chief executive officer of investment firm Yiyi Capital, expressed strong confidence in CXMT's future growth. Shou stated that he has no doubt the company will grow to become a global leader, adding that it is likely only a matter of time before the chipmaker transitions from being a market challenger to a global champion in this specific semiconductor sector.