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CXMT's Market Value Evaporates by Over 190 Billion Yuan During Trading, Dropping to Third Place
22 hour ago /
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Author：小编
Memory manufacturer CXMT (688825.SH) released its performance forecast for the third quarter of 2026, projecting revenue of 265 billion to 270 billion yuan for the first three quarters, representing a year-on-year increase of approximately 7.3 to 7.4 times; net profit attributable to the parent company is expected to be 131 billion to 132.5 billion yuan, turning from a loss to a profit year-on-year. On the morning of October 19, CXMT's stock price plummeted. By 10:40 AM, it had dropped by 6.31%, with a market value evaporation of 192.7 billion yuan, leaving it with a total market value of 2.87 trillion yuan, slipping from first to third place in the A-share market value rankings.
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