Chinatone Files Second Hong Kong IPO Application, Q1 2026 Revenue Surges 77.4% on Flash Memory Boom

According to its IPO prospectus, Chinatone (芯天下 Technology Co., Ltd) filed its second Hong Kong Stock Exchange application in 2026 as the flash memory industry surged amid AI adoption. The fabless memory chip designer reported Q1 2026 revenue of RMB 224 million, up 77.4% year-over-year, with net profit reaching RMB 75.89 million. SLC NAND product gross margin expanded to 67.5% in Q1 2026 from 14.2% in Q1 2025, driven by supply tightness. Ranked fifth globally among fabless memory suppliers by 2025 revenue, Chinatone supplies code-type flash memory ranging from 1Mbit to 8Gbit, serving major communications equipment, OLED display, and home appliance manufacturers.
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