China's CXMT posts first-half profit after revenue surge

CXMT, China's largest chipmaker by ​market value, posted ​a sharp turnaround to profit in ​the first half on Friday in its first earnings release since listing, buoyed by surging prices and ‌sales ⁠of its ⁠memory products amid rising global demand for computing ​power.

First-half revenue soared 873.64% from a year ago ​to 150.3 billion yuan ($22.36 billion).

Net profit totalled 77.6 billion yuan, compared to a ​loss of 2.3 billion yuan ⁠in 2025.


‌CXMT sees the global shortage ​of ​DRAM products persisting in the second ⁠half of 2026.

The company also ​flagged risks from escalating global trade ​tensions, warning that further restrictions imposed by relevant countries could destabilise its supply chain and adversely affect production and business operations.

CXMT said in the filing that it ‌has shipped samples of its LPDDR6 DRAM chips to customers.

The chip ​has a ​peak data ⁠transfer speed of 12,800 megabits per second (Mbps) and a maximum capacity of 16 gigabytes (GB), the company ​said.

The Hefei-based firm said the chip will be used on mobile devices, servers and smart cars.

($1 = 6.7208 Chinese yuan renminbi)