Changxin Technology: Expected net profit for the first three quarters of 2026 is 131 billion to 132.5 billion yuan, turning losses into profits year-on-year

Changxin Technology announced that it expects its operating revenue for the first three quarters of 2026 to be approximately 265 billion to 270 billion yuan, an increase of 232.916 billion to 237.916 billion yuan compared to the same period last year; it is expected that the net profit attributable to shareholders of the listed company will be approximately 131 billion to 132.5 billion yuan, compared to a loss of 5.28 billion yuan in the same period last year, achieving a turnaround.

The company stated that due to the growth in demand for AI computing power and the improvement in the prosperity of the DRAM industry, there is a supply shortage of products and prices have risen sharply; the company is advancing capacity construction, product research and development, and process technology improvements, optimizing operational management and expanding the market.

In addition, the company's chairman, Zhu Yiming, proposed to repurchase company shares for 1 billion to 2 billion yuan, with the repurchased shares intended for employee equity incentives, employee stock ownership plans, or reducing registered capital. The relevant plan still needs to go through the review process.