Changxin Technology expects net profit of over 130 billion yuan in the first three quarters, turning profitable year-on-year, and plans to repurchase 1 billion to 2 billion yuan of shares

Odaily News: Changxin Technology announced that it expects to achieve operating revenue of 265 billion to 270 billion yuan in the first three quarters of 2026, a year-on-year increase of approximately 7.3x to 7.4x; net profit attributable to shareholders of the listed company is expected to be 131 billion to 132.5 billion yuan, compared with a loss of 5.28 billion yuan in the same period last year, achieving a year-on-year turnaround to profitability.

Changxin Technology stated that the performance growth was mainly driven by factors such as continued growth in AI computing power demand and improvement in the DRAM industry's prosperity, with related products in short supply and prices rising significantly. At the same time, the company continues to advance production capacity construction, product research and development, and process technology upgrading.

In addition, the company's chairman Zhu Yiming proposed to repurchase 1 billion to 2 billion yuan of the company's shares, 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 review procedures. (Jinshi)