ChangXin Memory Technologies forecasts up to US$19.8 billion net income for first nine months of 2026
Shenzhen-based ChangXin Memory Technologies announced financial projections and a share buy-back plan on Friday.
Projected earnings and revenue growth
The firm expects net income between 131 billion yuan and 132.5 billion yuan for the period ending in September. This figure represents a shift from a net loss of 5.3 billion yuan recorded during the same timeframe last year. Revenue is anticipated to reach between 265 billion yuan and 270 billion yuan, which would be a 742 per cent increase compared to the previous year.
Share repurchase proposal details
Chairman Zhu Yiming proposed buying back between 1 billion and 2 billion yuan of shares over the next twelve months. The company stated these funds could support employee incentive plans or reduce registered capital pending approval. This announcement appeared alongside a stock exchange disclosure released on Friday.
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