EconomicChina·Unpinned19 Oct 2026
CXMT shares fall over 6% following earnings forecast release
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Shares of ChangXin Memory Technologies (CXMT) fell 6.5% on Monday, despite the company forecasting a swing to a net profit of 131 billion to 132.5 billion yuan for the first nine months of 2026. This performance marks a reversal from a 5.28 billion yuan loss during the same period in 2025, driven by surging demand for AI computing power and subsequent…
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