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Changxin Technology, a semiconductor manufacturer based in China, has projected its operating revenue for the first three quarters of 2026 to reach between 265 billion and 270 billion yuan. This marks a substantial increase of approximately 232.9 billion to 237.9 billion yuan compared to the same period in the previous year. The company anticipates a net profit attributable to shareholders of around 131 billion to 132.5 billion yuan, a significant turnaround from a loss of 5.28 billion yuan reported in the same timeframe last year.
The expected profit surge is attributed to rising demand for artificial intelligence (AI) computing power and an upswing in the dynamic random-access memory (DRAM) industry, which has led to a supply shortage and increased product prices. In response, Changxin Technology is focusing on enhancing its production capacity, advancing research and development, and improving process technologies while optimizing operational management and expanding its market presence.
In addition to its financial projections, Changxin Technology's chairman, Zhu Yiming, has proposed a share repurchase plan worth between 1 billion and 2 billion yuan. The repurchased shares are intended for employee equity incentives, employee stock ownership plans, or to reduce registered capital. This plan is subject to a review process before implementation.
Source: KLEA News