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company · 688825-sh

CXMT

CXMT (ChangXin Memory listco, 688825.SH, STAR IPO 2026-07-27) 2025 revenue ¥61.799B, consolidated NI ¥7.144B, parent NI ¥1.875B (first annual profit); Q1'26 revenue ~¥50.8B with surging NI; H1'26 parent NI guide ¥50–57B. A-share ~¥54 / mkt ~¥3.6T. Thesis: DRAM cycle + localization—valuation already prices a hot upcycle. Cf. Micron MU.

  • Tickers 688825.SH
  • Also known as 688825 · 688825.SH · CXMT · 长鑫

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  • 688825.SH CXMT: DRAM localization + memory upcycle

    CXMT (ChangXin Memory listco, 688825.SH, STAR IPO 2026-07-27) 2025 revenue ¥61.799B, consolidated NI ¥7.144B, parent NI ¥1.875B (first annual profit); Q1'26 revenue ~¥50.8B with surging NI; H1'26 parent NI guide ¥50–57B. A-share ~¥54 / mkt ~¥3.6T. Thesis: DRAM cycle + localization—valuation already prices a hot upcycle. Cf. Micron MU.