Business · Companies · 7 hrs ago
YMTC revenue forecast to outpace peers as IPO plans advance
China’s YMTC is forecast to grow revenue six times faster than industry peers this year.
The company makes flash memory and is expanding beyond storage products for smartphones and personal computers.
Its server business could become a major source of revenue, with server-related products forecast to account for nearly 39% of sales by 2028, up from effectively zero in 2024.
Much of that growth is expected to come from enterprise solid-state drives, which are widely used in data centres.
The expansion is happening ahead of a planned IPO by YMTC’s parent, CCSH Corporation, on Shanghai’s Star Market.
CCSH is seeking to raise 33 billion yuan, while YMTC’s revenue grew 40% to 63 billion yuan in 2025.
The forecast points to a broader business as the listing approaches.
YMTC is forecast to grow revenue six times faster than its industry peers this year, according to Counterpoint Research.
The Chinese flash-memory maker is expanding into server-related business ahead of a planned initial public offering.
Server-related revenue could rise from effectively zero in 2024 to nearly 39 per cent of YMTC’s revenue by 2028.
YMTC’s parent, CCSH Corporation, is seeking to raise 33 billion yuan through a listing on Shanghai’s Star Market.
CCSH’s revenue rose 40 per cent year on year to 63 billion yuan in 2025.
- Who
- Yangtze Memory Technologies Corporation (YMTC), a Chinese flash-memory maker.
- What
- It is forecast to grow revenue six times faster than industry peers this year as it expands into server-related business.
- When
- The forecast is for this year; the article was published on October 14, 2026.
- Where
- China. YMTC’s parent is seeking a listing on Shanghai’s Star Market.
- Why
- YMTC is expanding into server-related business, including enterprise solid-state drives, ahead of a planned IPO.
This story does not have two clearly opposing sides.
YMTC’s server-related revenue was effectively zero.
CCSH Corporation’s revenue rose 40 per cent year on year to 63 billion yuan.
Counterpoint Research forecast that YMTC would grow revenue six times faster than industry peers this year.
YMTC’s server-related business could account for nearly 39 per cent of its revenue.
- Revenue growth forecast
- Six times faster than industry peers this year
- Server-related revenue in 2024
- Effectively zero
- Projected server-related revenue share in 2028
- Nearly 39 per cent
- CCSH fundraising plan
- 33 billion yuan
- CCSH revenue in 2025
- 63 billion yuan, up 40 per cent year on year