HK/China Equity Long-Short

Osbert Tang, CFA

Equity Capital Markets

CCSH Corporation / Equity Capital Markets

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<li>
<a href="https://www.smartkarma.com/entities/ccsh-corporation" target="_blank" data-smartkarma-citation="entities:58604:1" rel="noopener">CCSH Corporation (CCSH CH)</a> aims to raise Rmb33bn in its IPO in the A-share STAR market. The Shanghai Stock Exchange has accepted its application and started enquiries.</li>
<li>Its leadership position will ride on the encouraging industry outlook. It has the technological strength and a comprehensive product mix which fits well into China's tech self-reliance push.</li>
<li>While loss-making in FY23, it turned into a net profit of Rmb14.2bn in FY25. For 1Q26, net profit reached Rmb33.4bn, or 135% higher than FY25, highlighting its profitability. </li>
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CCSH Corporation (CCSH CH) aims to raise Rmb33bn in its IPO in the A-share STAR market. The Shanghai Stock Exchange has accepted its application and started enquiries.
Its leadership position will ride on the encouraging industry outlook. It has the technological strength and a comprehensive product mix which fits well into China's tech self-reliance push.
While loss-making in FY23, it turned into a net profit of Rmb14.2bn in FY25. For 1Q26, net profit reached Rmb33.4bn, or 135% higher than FY25, highlighting its profitability. 


CCSH Corporation (长江存储) Pre-IPO: Key Investment Thesis

China

CCSH Corporation develops and manufactures semiconductor memory products. The Company produces non-volatile flash memory chips, solid state drives, and embedded memory products. CCSH serves enterprise and individual users in China, Japan, and the United States.

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CCSH Corporation (长江存储) Pre-IPO: Key Investment Thesis

CCSH aims to raise Rmb33bn from an A-share IPO. Its key strengths are its leadership position, technological capability, extensive product...

Osbert Tang, CFA