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Domestic memory manufacturer Changxin Technology's first-quarter net profit is 33.01B yuan, with a market share of 7.67%.
Caixin.com During the storage super price increase cycle, domestic memory manufacturer Changxin Technology achieved profitability. On May 17, the Shanghai Stock Exchange official website showed that the prospectus for Changxin Technology Group Co., Ltd. (hereinafter referred to as “Changxin Technology”) listed on the STAR Market has been updated and the listing review process has resumed, with China International Capital Corporation and CITIC Securities as sponsors.
Affected by the explosive growth in global computing power demand since the second half of 2025 and the storage price increase cycle, Changxin Technology has turned losses into profits. The prospectus shows that in the first quarter of 2026, the company’s revenue increased by 719% year-on-year to 50.8 billion yuan, and net profit turned from loss to profit, reaching 33 billion yuan, compared to a loss of 2.8 billion yuan in the same period last year. From 2023 to 2025, Changxin Technology’s revenue was 9.09B yuan, 24.18B yuan, and 61.8B yuan, respectively, with net profits of -19.23B yuan, -9.05B yuan, and 7.14B yuan.