❯ CXMT’s third-quarter revenue rises more than sixfold, with RMB54.435 billion in attributable profit

A return to quarterly profitCXMT reported third-quarter revenue of RMB118.714 billion, up 613.18% year over year. Profit attributable to listed-company shareholders reached RMB54.435 billion, reversing a year-earlier loss. The quarterly filing carried by CFi also reports total net profit of about RMB88.983 billion. That figure includes profit attributable to non-controlling interests.

Volume, prices and unit costsCXMT makes DRAM, the working memory used in servers, PCs and mobile devices. The filing attributes growth to rising global compute demand and capacity allocation by major suppliers, which tightened DRAM supply. CXMT’s capacity expansion and product improvements helped lift sales volume and prices, while scale and manufacturing management reduced unit costs, jointly supporting profitability.

Revenue grows faster than profit sequentiallyQuarterly revenue increased approximately 19.30% sequentially, while attributable profit grew about 3.01%. IT Home’s account of the filing puts nine-month attributable profit at RMB132.040 billion. Alongside its large year-on-year gains, CXMT continued to grow both revenue and attributable profit from the preceding quarter.

▮ SIGNALTight DRAM supply and added capacity are improving CXMT’s volumes, prices and unit costs, turning compute demand into memory-sector earnings.