CXMT forecasts up to US$19.8 billion net income for first nine months of 2026
Overview
ChangXin Memory Technologies (CXMT) forecasts net income of 131 billion to 132.5 billion yuan, about US$19.8 billion, for January to September 2026, according to a stock exchange disclosure.
The company had a net loss of 5.3 billion yuan in the same period a year earlier. The South China Morning Post reports that the company expects revenue of 265 billion to 270 billion yuan, a 742 per cent rise.
Chairman Zhu Yiming has proposed buying back 1 billion to 2 billion yuan of shares over 12 months. The buy-back would fund employee incentive plans or reduce registered capital, and it still needs board or shareholder approval.
Written by AI from the articles below · updated Oct 18, 8:25 PM ET
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- South China Morning Post · TechNewsPickCXMT forecasts up to 19.8 billion dollars in nine-month net income and plans a share buy-back
AIChangXin Memory Technologies (CXMT) forecasts net income of 131 billion to 132.5 billion yuan, up to US$19.8 billion, for January to September 2026, compared with a 5.3 billion yuan loss a year earlier. Its revenue is expected to reach 265 billion to 270 billion yuan, a 742 per cent rise, and chairman Zhu Yiming has proposed buying back 1 billion to 2 billion yuan of shares over 12 months, pending approval.
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