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ChangXin Memory's third-quarter revenue was 118.7 billion yuan, up 613% from a year earlier, on higher prices and shipments during the global memory shortage.
Net profit was 54.4 billion yuan, against a loss a year ago, but only 3% above the second quarter, and revenue grew 19.3% from the second quarter after nearly doubling the quarter before.
A Morningstar analyst expects results to stall over the next few quarters as customers push back on price.
The same day Kioxia guided below estimates, and the WSJ reports that demand has quintupled flash prices.
China's CXMT earns 54.4 billion yuan in a quarter, and its growth is slowing
ChangXin Memory's third-quarter revenue was 118.7 billion yuan, up 613% from a year earlier, on higher DRAM prices and shipments during the global memory shortage. Net profit was 54.4 billion yuan, against a loss a year ago, but only 3% above the second quarter, and revenue grew 19.3% from the second quarter after nearly doubling the quarter before. A Morningstar analyst expects results to stall over the next few quarters as customers push back on price. The same day Kioxia guided below estimates, and the WSJ reports that hyperscaler demand has quintupled flash prices. SourcesBBB
Sources
- BChina's CXMT posts sevenfold revenue jump but growth slows (Seoul Economic Daily)en.sedaily.com
- BCXMT turns third-quarter net profit (Reuters)reuters.com
- BChinese chip leader CXMT's sales rise sevenfold yet growth slows (Bloomberg)bloomberg.com
This story ran in the Afternoon Brief of October 30th 2026.