Shanghai-Bound CXMT Forecasts Up to 57 Billion Yuan Profit in H1 on Strong DRAM Demand

MT Newswires Live

07/24

ChangXin Memory Technologies (SHA:688825) or CXMT expects to book 50 billion yuan to 57 billion yuan in attributable profit for the first half of 2026, versus a net loss of 2.33 billion yuan a year earlier.

Revenue is projected to skyrocket 613% to 677% year over year, ranging between 110 billion yuan and 120 billion yuan.

The Anhui province-based chipmaker, set to stage the biggest IPO in China so far this year, attributed the performance to strong demand for dynamic random-access memory or DRAM.

CXMT disclosed the forecast alongside its updated IPO prospectus on Friday.

The company will start trading on the Shanghai Stock Exchange's STAR Market board on Monday, July 27, after its blockbuster IPO that raised 57.9 billion yuan.

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