CXMT stock news
On October 16, 2026, ChangXin Memory Technologies (CXMT, SHA: 688825) released an earnings forecast projecting net profit attributable to shareholders of 131 billion to 132.5 billion yuan ($19.5 billion to $19.8 billion) for the first nine months of 2026, reversing a net loss of 5.28 billion yuan recorded in the prior--year period. Nine--month revenue is projected to rise 726% to 742% year--on--year to between 265 billion and 270 billion yuan, fueled by surging artificial intelligence compute demand, DRAM industry supply deficits, higher average selling prices, and manufacturing scale efficiencies. In parallel, Chairman Zhu Yiming proposed an A--share repurchase program valued between 1 billion and 2 billion yuan for employee stock ownership incentives or registered capital reduction.