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CXMT Posts 873% Revenue Surge, Reverses Loss

8/29/2026

24 2 Full Breakdown

Summary

Story summary

CXMT reported first-half revenue of 150.31 billion yuan, an 873.64% year-on-year increase.
CXMT posted net profit of 77.61 billion yuan, reversing a 2.33 billion-yuan loss.
DDR-5 sales generated 69.47 billion yuan, representing 46.3% of revenue.
Analysts project CXMT net profit of 361 billion yuan in 2027 and 50% DRAM supply by 2028.
Apple is reportedly negotiating for CXMT chips, prompting U.S. senators to urge Apple to drop Chinese suppliers.

History

Historical Context

Fujian province, home to research-rich cities Xiamen and Fuzhou, boosted its high-tech profile in 2014 when Fujian Jinhua Integrated Circuit launched China’s first domestically produced DRAM chip with a $1.5 billion state subsidy. The move captured about 5 % of the global DRAM market by 2018 and now underpins CXMT’s ¥150.31 billion first-half revenue, drawing Apple’s interest and U.S. Senate scrutiny.

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Story summary

CXMT reported first-half revenue of 150.31 billion yuan, an 873.64% year-on-year increase.
CXMT posted net profit of 77.61 billion yuan, reversing a 2.33 billion-yuan loss.
DDR-5 sales generated 69.47 billion yuan, representing 46.3% of revenue.
Analysts project CXMT net profit of 361 billion yuan in 2027 and 50% DRAM supply by 2028.
Apple is reportedly negotiating for CXMT chips, prompting U.S. senators to urge Apple to drop Chinese suppliers.

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