China's leading memory chip maker, CXMT, expects net profit for the first three quarters to be between 131 billion and 132.5 billion yuan, turning losses into gains year-on-year, with revenue increasing by over seven times.
Changxin Technology, China's leading memory chip manufacturer, has released its earnings forecast, projecting a net profit attributable to shareholders of 131 billion to 132.5 billion yuan for the first three quarters of 2026. This marks a significant turnaround from a loss of 5.28 billion yuan in the same period last year. During the same period, operating revenue is expected to be approximately 265 billion to 270 billion yuan, an increase of over 230 billion yuan from 32.084 billion yuan in the prior year, representing a year-on-year growth of more than seven times. The company attributes the substantial improvement in performance to the rapid growth in AI hashrate demand, which has boosted the prosperity of the global DRAM industry, leading to product shortages and significant price increases.
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