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ChangXin Technology released its preliminary results for the first three quarters on October 16, 2026. According to a report by Huxiu, the company's revenue for the first three quarters was approximately 265 billion to 270 billion yuan, with net profit attributable to shareholders of approximately 131 billion to 132.5 billion yuan, compared with a loss of 5.28 billion yuan in the same period last year. The report also noted that third-quarter revenue increased by 15.2 billion to 20.2 billion yuan quarter-on-quarter, while net profit attributable to shareholders increased by only 550 million to 2.05 billion yuan, and the net profit margin attributable to shareholders fell from 53.1% to about 46%; the quarter-on-quarter increase in DRAM contract prices narrowed from 90% to 95% in the first quarter to 13% to 18% in the third quarter. The report said that the third-quarter results require close attention to gross margin, income tax expense, and minority interest income to determine whether this is an accounting issue or an operating inflection point. At present, there have been no subsequent developments confirmed by evidence regarding this preliminary announcement.
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Within CXMT's hundred-billion profit lies the first inflection pointDevelopments
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ChangXin Technology Releases First Three Quarters Earnings Forecast
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Oct 25
Huxiu
Within CXMT's hundred-billion profit lies the first inflection point
In the first three quarters, ChangXin Technology's revenue was approximately 265 billion to 270 billion yuan, with net profit attributable to parent company shareholders of approximately 131 billion to 132.5 billion yuan; in the same period last year, it posted a loss of 5.28 billion yuan. However, third-quarter revenue increased by 15.2 billion to 20.2 billion yuan quarter-on-quarter, while net profit attributable to parent company shareholders rose by only 550 million to 2.05 billion yuan, and the net profit margin attributable to parent company shareholders fell from 53.1% to about 46%. The quarter-on-quarter increase in DRAM contract prices has narrowed from 90% to 95% in the first quarter to 13% to 18% in the third quarter. The third-quarter report needs to focus on gross margin, income tax expense, and minority interests to determine whether this is an accounting issue or an operating inflection point.