Cxmt Corporation Projects Q1-Q3 Net Profit of 131.0-132.5 Billion Yuan, Turning Profitable Year-on-Year

Deep News10-16 21:51

On the evening of October 16, Cxmt Corporation released its earnings forecast for the first three quarters of 2026, according to the announcement.

The company expects net profit attributable to shareholders of the listed company for the first three quarters of 2026 to range from 131.00 billion yuan to 132.50 billion yuan, achieving a turnaround from losses in the same period last year.

The announcement stated that the change in performance was mainly driven by the rapid growth in AI computing power demand, an improvement in the global DRAM industry's prosperity, products being in short supply and prices rising significantly, the company's capacity utilization rate remaining at a high level, and overall performance improving markedly.

The company's Q3 net profit is expected to be between 53.395 billion yuan and 54.895 billion yuan, compared with Q2 net profit of 52.843 billion yuan. Based on this calculation, Q3 net profit is expected to increase by 1% to 3% quarter-on-quarter.

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