Changxin Storage IPO May Break A-Share Market Cap Record With 2 Trillion Yuan Valuation
2026-06-30 10:48

Woofun AI reports that prominent investor But Bin, Chairman of Shenzhen Oriental Harbor Investment Management Co., Ltd., stated Changxin Storage's market value could reach 2 trillion, 3 trillion, or even 5 trillion yuan upon listing, potentially setting a new A-share record.

Changxin Storage is scheduled for listing on the Shanghai STAR Market, with an expected fundraising amount of 29.5 billion yuan, ranking second only to SMIC in STAR Market history. In Q1 2026, the company reported operating income of 50.8 billion yuan, a year-on-year increase of 719.13%, and net profit attributable to the parent of 24.762 billion yuan. Projections for H1 2026 indicate operating income between 110 billion and 120 billion yuan, with net profit ranging from 50 billion to 57 billion yuan.

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But Bin
Shenzhen Oriental Harbor Investment Management Co.
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Shanghai STAR Market
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