China’s CXMT Posts First-Half Profit After Revenue Surge
The Hefei-based chipmaker posted 77.61 billion yuan in net profit as artificial intelligence demand and tight DRAM supplies lifted memory prices.
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6 Articles
China’s CXMT posts first-half profit after revenue surge
BEIJING, Aug 28 (Reuters) - CXMT, China's largest chipmaker by market value, posted a sharp turnaround to profit in the first half on Friday in its first earnings release since listing, buoyed by surging prices and sales of its memory products amid r...
China’s CXMT posts massive 870% revenue surge as ‘aggressive expansion’ pays off
Chinese chipmaker ChangXin Memory Technologies (CXMT) reported a sharp surge in first-half revenue on Friday, as the firm released its first financial results since becoming China’s most valuable publicly traded company in a blockbuster Shanghai listing last month. The Hefei-based firm – China’s leading maker of dynamic random-access memory (DRAM) products – posted revenue of 150.31 billion yuan (US$22.4 billion) for the six months to June, up 8…
CXMT, one of China's largest memory chip manufacturers, recorded a significant jump in sales and profits in the first half of the year, as artificial intelligence companies ran after scarce memory stocks, serving as the latest evidence that the company is profiting from the global shortage of semiconductors. Exclusive material for subscribers. To have full access, access the material link and register.
The Chinese chip manufacturer DRAM will publish its first results as a listed company after its shares rose more than 580%, briefly carrying its valuation above the 3.3 billion yuan. *** CXMT debuted at the Shanghai STAR Market with a collection of 57,920 million yuan, Asia’s largest OPI in 2026. The company reported quarterly revenues of 50,800 million yuan and a net profit of 33,012 million, according to its preliminary figures. Investors will…
CXMT's first earnings report tests investor confidence after blockbuster IPO
CXMT's earnings report will shape perceptions of its growth potential and competitive edge in the volatile semiconductor market. The post CXMT’s first earnings report tests investor confidence after blockbuster IPO appeared first on Crypto Briefing.
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