ChangXin Technology said it expects revenue for the first three quarters of 2026 to reach about RMB 265 billion to RMB 270 billion, up by RMB 232.916 billion to RMB 237.916 billion from a year earlier. The company also forecast net profit attributable to shareholders of the listed company at roughly RMB 131 billion to RMB 132.5 billion, compared with a loss of RMB 5.28 billion in the same period last year, pointing to a return to profit. In its filing, the company said rising demand for AI computing power and improving conditions in the DRAM market had left products in short supply and pushed prices sharply higher. It also cited progress in capacity expansion, product research and development, process technology upgrades, operating efficiency improvements, and market expansion. Separately, Chairman Zhu Yiming proposed a share buyback worth RMB 1 billion to RMB 2 billion. The repurchased shares are intended for employee equity incentives, employee stock ownership plans, or a reduction in registered capital, with the plan still subject to internal review procedures.
ChangXin Technology said in an announcement that it expects revenue for the first three quarters of 2026 to come in at about RMB 265 billion to RMB 270 billion, an increase of RMB 232.916 billion to RMB 237.916 billion from the same period a year earlier.
The company forecast net profit attributable to shareholders of the listed company at about RMB 131 billion to RMB 132.5 billion. In the same period last year, it posted a loss of RMB 5.28 billion, indicating a swing back to profit on a year-over-year basis.
What drove the earnings jump
ChangXin Technology said growth in demand for AI computing power and an improved DRAM market had contributed to tight product supply and a sharp rise in prices. The company also said it had been advancing capacity construction, product research and development, and process technology upgrades, while optimizing operations management and expanding its market presence.
Chairman proposes share buyback
Separately, Chairman Zhu Yiming proposed that the company buy back shares worth RMB 1 billion to RMB 2 billion. According to the announcement, the repurchased shares are intended for employee equity incentives, employee stock ownership plans, or a reduction in registered capital. The proposal still needs to go through review procedures.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
