ChangXin: Expected net profit for the first three quarters of 2026 to be RMB 131 billion to RMB 132.5 billion, plans to repurchase RMB 1 billion to RMB 2 billion worth of shares through centralized bidding.

BlockBeats news, October 16: Changxin Technology announced that it expects revenue for the first three quarters of 2026 to be approximately RMB 265 billion to RMB 270 billion, an increase of RMB 232.916 billion to RMB 237.916 billion compared with the same period last year; it expects net profit attributable to shareholders of the listed company to be approximately RMB 131 billion to RMB 132.5 billion, compared with a loss of RMB 5.28 billion in the same period last year, turning profitable year-on-year.

The company said that, affected by factors such as growth in AI computing power demand and improvement in the DRAM industry's prosperity, products were in short supply and prices rose sharply; the company advanced capacity construction, product research and development, and process technology improvement, optimized operations management, and expanded markets.

In addition, the company's board of directors received a letter on October 16, 2026 from Chairman Zhu Yiming proposing a share repurchase by the company, intended to be conducted through centralized bidding trading, with a total fund amount of no less than RMB 1 billion (inclusive) and no more than RMB 2 billion (inclusive), and a price no higher than 150% of the average trading price of the company's shares in the 30 trading days before the board of directors' resolution approving the repurchase plan. The repurchased shares are intended to be used for employee equity incentives, employee stock ownership plans, or reducing the company's registered capital; the relevant plan still needs to be approved by the board of directors or the shareholders' meeting. (Jinshi)