ChangXin Technology released its 2026 interim report, posting H1 revenue of RMB 150.31 billion, up 873.64% year-on-year, and net profit attributable to shareholders of RMB 77.61 billion, reversing a net loss of RMB 2.33 billion a year earlier. Operating cash flow reached RMB 131.16 billion, surging 2,985.64%. Gross margin stood at 84.84%, with R&D spending of RMB 6.86 billion, or 4.56% of revenue. Total assets reached RMB 468.08 billion, with net assets of RMB 270.75 billion. The company, the world's fourth-largest and China's largest DRAM IDM, supplies DDR5, LPDDR5/5X and LPDDR6 products to clients including Alibaba Cloud, ByteDance, Tencent, Lenovo, Xiaomi, OPPO and vivo. As of June 30, it held 4,484 domestic and 3,400 overseas patents, with 7,491 R&D staff accounting for 33.42% of headcount. ChangXin has no controlling shareholder or de facto controller; its largest shareholder, Qinghui Jidian, holds a 21.67% stake. The company listed on the STAR Market on July 27 at RMB 8.66 per share, with market cap surpassing RMB 3.5 trillion on its first trading day.
ChangXin Technology published its 2026 semi-annual report on August 28. H1 revenue reached RMB 150.31 billion, up 873.64% from a year earlier. Net profit attributable to shareholders was RMB 77.61 billion, against a loss of RMB 2.33 billion in the year-ago period.
Operating cash flow reached RMB 131.16 billion, up 2,985.64%. Gross margin came in at 84.84%. R&D spending totaled RMB 6.86 billion, or 4.56% of revenue. Total assets stood at RMB 468.08 billion at the end of June, with net assets of RMB 270.75 billion.
The company ranks as the world's fourth-largest DRAM IDM and the largest in China. Its product lineup spans DDR5, LPDDR5/5X and LPDDR6. Customers include Alibaba Cloud, ByteDance, Tencent, Lenovo, Xiaomi, OPPO and vivo. A fifth-generation process technology platform is undergoing customer qualification.
On the intellectual property front, the company held 4,484 domestic patents and 3,400 overseas patents as of June 30. R&D personnel numbered 7,491, accounting for 33.42% of the workforce.
ChangXin has no controlling shareholder or de facto controller. Its largest shareholder, Qinghui Jidian, owns a 21.67% stake.
The company went public on Shanghai's STAR Market on July 27 at RMB 8.66 per share. Market value surpassed RMB 3.5 trillion on the first trading day.
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