Changxin Technology's Stock Tumbles Nearly 9%, Spearheading the Slide in Memory Stocks; Q3 Net Profit Growth Experiences a Sharp Deceleration Quarter-over-Quarter
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Author:小编   

A-share memory chip stocks predominantly opened on a downbeat note, with Changxin Technology's shares plummeting nearly 9% to RMB 41 each, marking a fresh low since its initial public offering. Based on the company's announcement, it is anticipated that the net profit attributable to shareholders for the first three quarters of 2026 will range from RMB 131 billion to RMB 132.5 billion, marking a remarkable turnaround from previous losses to profits on a year-on-year basis. Specifically, the net profit for the third quarter is projected to fall between RMB 53.395 billion and RMB 54.895 billion, translating to an average daily profit of roughly RMB 580 million to RMB 597 million. For the first three quarters combined, the average daily profit is estimated to be around RMB 480 million to RMB 485 million. It is worth noting that the quarter-over-quarter growth rate of net profit in the third quarter hovers around 1% to 3.9%, indicating a substantial deceleration when compared to the 246.09% surge in the first quarter and the 113.4% increase in the second quarter.