Changxin Technology: First quarter revenue increased by 719.13% year-on-year, with a net profit of 33 billion yuan

Changxin Technology Group Co., Ltd.’s Science and Technology Innovation Board IPO prospectus (Draft for Declaration) shows that, from January to March, driven by factors including the continued growth in global computing power demand and the reallocation of capacity by major global manufacturers, the global DRAM product supply was in short supply, and prices have continued to rise sharply since the second half of 2025. At the same time, with the company’s ongoing growth in production and sales scale and continuous optimization of its product structure, its operating revenue grew rapidly, increasing by 719.13% year over year compared with January to March 2025. Net profit was 3,301,152.51 million yuan. Net profit attributable to owners of the parent company was 2,476,203.15 million yuan. After deducting non-recurring gains and losses, net profit attributable to owners of the parent company was 2,634,078.41 million yuan.

Thanks to the rapid rise in DRAM product prices in the first quarter of 2026, the company’s operating profit, total profit, net profit, profit before interest, taxes, depreciation and amortization, net profit attributable to owners of the parent company, and net profit attributable to owners of the parent company after deducting non-recurring gains and losses all increased significantly year over year.

The company expects revenue of 110 to 120 billion yuan in the first half of the year, and net profit of 50 to 57 billion yuan.

The company expects the main financial data for January to June 2026 to be as follows: operating income of 110 billion to 120 billion yuan, representing a year-on-year increase of 612.53% to 677.31%; net profit of 66 billion to 75 billion yuan; net profit attributable to owners of the parent company of 50 billion to 57 billion yuan; and net profit attributable to owners of the parent company after deducting non-recurring gains and losses of 52 billion to 58 billion yuan.

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