CXMT expects net profit to exceed 130 billion CNY in the first three quarters

On the evening of October 16, 2026, ChangXin Technology (688825.SH) released a preliminary earnings forecast for the first three quarters of 2026, covering January through September. The company said it expects net profit attributable to shareholders of RMB 131.0 billion to RMB 132.5 billion, a turnaround from a net loss of RMB 5.28 billion in the same period a year earlier. Revenue for the period is projected at RMB 265.0 billion to RMB 270.0 billion, up from RMB 32.084 billion a year earlier — an increase of more than RMB 230 billion, or roughly 725.96% to 741.54% year over year.

ChangXin attributed the swing to fast-growing AI compute demand, which it said lifted sentiment across the global DRAM industry, leaving products in short supply and driving prices sharply higher. The company also pointed to high capacity utilization and a growing scale effect from its capacity build-out, product development and process improvements.

On a quarterly basis, third-quarter net profit is expected to come in at RMB 53.395 billion to RMB 54.895 billion, compared with RMB 52.843 billion in the second quarter — a sequential increase of about 1% to 3%, according to the filings.

Alongside the forecast, chairman Zhu Yiming proposed a share buyback of A-shares worth no less than RMB 1 billion and no more than RMB 2 billion. The buyback price would not exceed 150% of the average trading price over the 30 trading days before the board resolution approving the plan. As of these reports, the matter rests at the disclosure stage of the earnings forecast and the buyback proposal.