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…
Chinese chipmaker ChangXin Memory Technologies (CXMT) has reported an astonishing 870% surge in revenue for the first half of the year, reaching 150.31 billion yuan (US$22.4 billion) as it continues its aggressive expansion. The Hefei-based firm, which is China's leading maker of dynamic random-access memory (DRAM) products, also announced a net profit of 77.61 billion yuan, reversing a loss from the same period last year.
The impressive results were well above CXMT's pre-IPO guidance and were driven by soaring demand for memory products from the artificial intelligence industry, tight global DRAM supplies, and rising prices. The company's expansion efforts, including increased production and a shift towards newer DDR5 products, have contributed to the revenue growth, with DDR-series revenue making up 46.3% of CXMT's main business revenue.
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- China’s CXMT posts massive 870% revenue surge as ‘aggressive expansion’ pays off scmp.com
- Chinese memory chipmaker CXMT reports H1 revenue of ~$22.4B, more than double its 2025 sales, and ~$11.5B in profit, compared to a loss a year earlier (Bloomberg) bloomberg.com
- China's CXMT posts first-half profit after revenue surge economictimes.indiatimes.com
