Changxin projects net profit of RMB 131 billion to RMB 132.5 billion for the first three quarters of 2026, and plans to repurchase shares worth RMB 1 billion to RMB 2 billion via centralized bidding transactions.

Changxin Technology announced that it expects its operating revenue for the first three quarters of 2026 to range from RMB 265 billion to RMB 270 billion, a year-on-year increase of RMB 232.916 billion to RMB 237.916 billion. The company also projects net profit attributable to its listed shareholders to be between RMB 131 billion and RMB 132.5 billion, compared with a net loss of RMB 5.28 billion in the same period last year, marking a year-on-year turnaround from loss to profit. The company attributed the results to factors including growing demand for AI computing power and improving prosperity in the DRAM sector, which have led to tight product supply and sharp price hikes. Changxin is advancing capacity construction, product R&D, process technology upgrades, optimizing operational management, and expanding its market presence. Additionally, the company’s board of directors received a letter on October 16, 2026, from Chairman Zhu Yiming proposing a share repurchase plan. The repurchase will be carried out via centralized bidding transactions, with total funds ranging from no less than RMB 1 billion (inclusive) to no more than RMB 2 billion (inclusive), and the repurchase price will not exceed 150% of the average trading price of the company’s stock over the 30 trading days prior to the board’s resolution approving the repurchase plan. The repurchased shares are intended for employee equity incentives, employee stock ownership plans, or reducing the company’s registered capital; the relevant plan still requires approval from the board of directors or the general meeting of shareholders. (Source: Jinshi)