Changxin Memory Technologies (CXMT) debuts on Shanghai A-shares with 531% surge, establishing major Chinese competitor in HBM/DRAM production.

On its first day of trading, Changxin Technology shares traded at 54.65 yuan per share as of the morning close. The company's 14 directors, senior management personnel, core technical staff, and their close relatives collectively held an indirect stake of 2.034 billion shares. At the current share price, their combined shareholding value totaled 111.179 billion yuan, with each individual's holdings exceeding 100 million yuan.

Two executives' shareholdings surpassed 10 billion yuan in value: Chairman Zhu Yiming held 86.9 billion yuan and Director, President, and Core Technical Officer Cao Kanyu held 11.596 billion yuan.

Five additional executives held over 1 billion yuan in shares: Executive Vice President Zhu Wenju (2.915 billion yuan), Co-President Zhang Yu (2.765 billion yuan), Senior Vice President and Chief Financial Officer Huang Danyang (1.983 billion yuan), Senior Vice President and Core Technical Officer Li Hongwen (1.523 billion yuan), and Vice President and Board Secretary Yuan Yuan (1.107 billion yuan).