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)

ChangXin Memory Technologies, a Chinese memory chipmaker, reported a significant surge in revenue for the first half of the year. The company's revenue reached 150.31 billion yuan, equivalent to approximately $22.4 billion, which is more than double its 2025 sales forecast, according to Bloomberg. This represents a year-on-year increase of 873.64 percent.

The company's net profit attributable to shareholders was 77.61 billion yuan, which reverses a loss of 2.33 billion yuan in the same period last year. According to the South China Morning Post, this profit figure is equivalent to around $11.5 billion. The results exceeded the company's pre-initial public offering guidance, with revenue surpassing the top end of the forecast range by about 25 percent and attributable profit being about 36 percent higher.

The earnings boom is attributed to the skyrocketing demand for memory products from the artificial intelligence industry. According to the South China Morning Post, CXMT stated that global DRAM supplies remained tight and prices continued to rise in the first half, with the company expecting this supply shortage to persist in the coming months. The company has also benefited from expanding production and an improving product mix as it ramps up output of newer products.

Brief written by urgent.news from Techmeme, South China Morning Post, SCMP Business, SCMP Tech — 4 reports on this story. Machine-written — may contain errors; check the original before relying on it.