ChangXin Memory Technologies Inc. (CXMT) reported 2025 revenue of over 55 billion yuan ($8 billion). This figure represents a 130% surge compared to the previous year. A rebound in memory chip prices and strong demand for AI components drove the growth.
The company projects an adjusted net income of approximately 3 billion yuan ($435 million) for 2025. This performance marks a significant financial turnaround from previous annual losses.
CXMT is preparing for an initial public offering on Shanghai’s STAR Market in 2026. The listing is expected to be one of China’s largest IPOs for that year.
The company is now producing high-end DDR5 chips and developing High Bandwidth Memory (HBM). This expansion positions CXMT to challenge incumbents Samsung, SK Hynix, and Micron Technology.