ChangXin Technology said it expects strong results for the first three quarters of 2026, with revenue projected at 265 billion yuan to 270 billion yuan, up roughly 7.3x to 7.4x from a year earlier. Net profit attributable to shareholders of the listed company is expected to reach 131 billion yuan to 132.5 billion yuan, compared with a loss of 5.28 billion yuan in the same period last year, marking a return to profit on a yearly basis.
The company said the earnings jump was driven mainly by continued growth in demand for AI computing power and improving conditions in the DRAM industry. It added that related products remain in short supply and prices have risen sharply. ChangXin Technology also said it has continued to push ahead with capacity expansion, product research and development, and process technology upgrades.
Separately, chairman Zhu Yiming proposed a share repurchase worth 1 billion yuan to 2 billion yuan. 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 is still subject to internal review procedures.
ChangXin Technology said it expects revenue for the first three quarters of 2026 to come in at 265 billion yuan to 270 billion yuan, up about 7.3x to 7.4x year over year, according to an announcement cited by Odaily.
Profit swings back into the black
Net profit attributable to shareholders of the listed company is projected at 131 billion yuan to 132.5 billion yuan. In the same period last year, the company posted a loss of 5.28 billion yuan, which means the latest period would mark a year-over-year return to profitability.
The company said the increase was mainly driven by continued growth in AI computing demand and an improving DRAM market. It added that related products are in short supply and prices have risen sharply. ChangXin Technology also said it has kept advancing capacity construction, product R&D, and process technology upgrades.
Chairman proposes buyback
In a separate step, chairman Zhu Yiming proposed repurchasing 1 billion yuan to 2 billion yuan of company shares. The announcement said the buyback would be used for employee equity incentives, employee stock ownership plans, or to reduce registered capital. The plan still needs to go through the required review procedures.
The item was attributed to Jin10.
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