Published on: 2026-07-27
Source: People’s Republic of China — Translation
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Shanghai, July 27 /Xinhua/ — Chinese memory chip manufacturer Changxin Memory Technologies /CXMT/ closed at 49 yuan /about 7.22 USD/ in its debut on the Science and Technology Innovation Board of the Shanghai Stock Exchange /SSE/ on Monday, which is 465.82 percent higher than the initial public offering /IPO/ price of 8.66 yuan. The total trading volume of shares exceeded 140 billion yuan on the first trading day.
The company’s total market value exceeded 3.2 trillion yuan after the market closed on the first trading day. CXMT strengthened its position as the largest registered company by market capitalization in the A-share market.
Operating revenue of CXMT is expected to be between 110 and 120 billion yuan in the first half of this year, and net profit attributable to the parent company’s shareholders will reach 50-57 billion yuan, the company said. -0-
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