CXMT Posts 700% Revenue Surge Ahead of Planned $4.1 Billion Shanghai IPO
ChangXin Memory Technologies, or CXMT, reported first-quarter revenue of 50.8 billion yuan ($7.5 billion), up more than 700% from a year earlier, while profit exceeded 20 billion yuan after a loss in the same period last year. The Chinese memory-chip maker forecast strong first-half earnings growth, including net income rising more than 2,200%.
The results bolster CXMT ahead of a planned Shanghai STAR Board listing that could raise 29.5 billion yuan, or about $4.1 billion, potentially making it China’s biggest IPO this year. The company said surging memory-chip demand and higher DRAM prices, driven by AI data-center demand and broader shortages, are underpinning the outlook.
From the sources (7 posts)
@jukan05Just in: CXMT 1Q26 revenue: $7.46 billion CXMT 1Q26 net profit: $4.85 billion 1Q revenue increased 719.13% YoY.
@jukan05CXMT 1H26 earnings outlook: Revenue is expected to reach RMB 110–120 billion ($16.153–17.621 billion). Net profit is expected to reach RMB 66–75 billion ($9.692–11.013 billion).
@zephyr_z9CXMT will end this year with the highest net profit generated by a Chinese company Even exceeding ICBC's $50B
@businessChinese chipmaker CXMT reported soaring revenue and profit in the first quarter and forecast higher earnings ahead, bolstering its financials ahead of a high-profile IPO later this year
@sino_marketCXMT Reports Revenue Surge on Memory Boom Ahead of Potential $4.1 Billion Shanghai IPO ChangXin Memory Technologies (CXMT) reported a more than 700% year-on-year jump in first-quarter revenue to 50.8 billion yuan ($7.5 billion), with profit
@techmemeChinese chipmaker CXMT reports Q1 revenue up 719% YoY to ~$7.5B, net profit up 1,688% to $3.6B, and says Omdia ranks it No. 4 in DRAM with a 7.67% global share (@chengtingfang / Nikkei Asia) (Visit Techmeme dot com for the link and full co
@reutersChina's CXMT expects revenue to surge as memory chip demand soars