Changxin Technology Q3 Earnings Call: Long-Term Supply Agreements Under Negotiation with Several Major Customers

Deep News10-31

On the evening of October 30, management of Changxin Technology (688825) stated during its Q3 2026 earnings call that the company has been negotiating long-term supply agreements with several major customers to secure medium- to long-term demand certainty. Supported by both a sustained supply-demand shortage and lean manufacturing, the company expects its gross margin to remain stable in the fourth quarter.

For the first three quarters, Changxin Technology reported operating revenue of RMB 269.024 billion, a year-on-year increase of 738.51%, and net profit attributable to shareholders of RMB 132.04 billion, turning profitable from a loss.

In the third quarter alone, operating revenue reached RMB 118.714 billion, up 613.18% year on year, with a gross margin of approximately 89.53%.

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