The Wuhan-based company hired CITIC Securities to guide its financial preparation ahead of a potential stock market listing.
YMTC follows domestic rival CXMT, which recently posted its first profitable year alongside a massive revenue jump.
Both semiconductor firms represent China’s primary hope to challenge global giants like Samsung, SK Hynix, and Micron.
The United States placed YMTC on a trade blacklist in late 2022, restricting access to foreign chipmaking tools.
In response, the tech giant expanded its use of domestic equipment suppliers like Naura to aggressively build capacity.
As China’s largest NAND flash memory manufacturer, YMTC produces critical data storage components for global smartphones and computers.
The company currently operates two major factories with a combined monthly output of 200,000 wafers.
The firm will open a third Wuhan facility later this year, targeting 50,000 additional monthly wafers by 2027.
