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Changxin Technology: Expected net profit for the first three quarters of 2026 ranges from RMB 131 billion to RMB 132.5 billion, turning year-on-year from loss to profit

Changxin Technology announced that it expects its operating revenue for the first three quarters of 2026 to be approximately RMB 265 billion to RMB 270 billion, representing an increase of RMB 232.916 billion to RMB 237.916 billion compared to the same period of the previous year. The net profit attributable to shareholders of the listed company is projected to be approximately RMB 131 billion to RMB 132.5 billion, marking a turnaround from the RMB 5.28 billion loss recorded in the same period a year earlier. The company stated that driven by factors including growing demand for AI computing power and improved prosperity in the DRAM industry, its products are in short supply with substantial price increases. The company has advanced capacity expansion, product R&D and process technology upgrades, optimized operational management, and expanded market reach.

Source: PANewsRead original