CXMT shares fall 6.5% despite forecast of 132 billion yuan profit

China's CXMT expects net profit of 131–132.5 billion yuan for January–September 2026, reversing a 5.28 billion yuan loss a year earlier, on revenue of 265–270 billion yuan. The memory chipmaker credits AI computing demand for DRAM shortages and price hikes, but its shares dropped 6.5% on Monday.

• Net profit forecast at 131–132.5 billion yuan vs a 5.28 billion yuan loss a year earlier
• Nine-month revenue expected at 265–270 billion yuan
• CXMT's share of global DRAM revenue rose to 10% from 5% a year earlier
• Shares fell 6.5% on Monday after the forecast was released