21 stories mentioning SHA:688825Updated 13d ago
Every FINWIRES story that references SHA:688825, newest first.
Recent broker actions mentioned in FINWIRES coverage. Compiled from wire headlines; not investment advice.
ChangXin Memory Technologies (SHA:688825), or CXMT, posted first-half attributable net profit of 77.6 billion yuan, compared with an attributable loss of 2.33 billion yuan the previous year.Earnings per share stood at 1.2893 yuan, versus loss per share of 0.0412 yuan, according to a filing with the Shanghai bourse.The chipmaker's operating revenue surged 874% year over year to 150.3 billion yuan from 15.4 billion yuan.
ChangXin Memory Technologies (SHA:688825) has fully exercised the overallotment option in its initial public offering on the Shanghai Stock Exchange's STAR Market board.The exercise brought its total shares issued to 7.69 billion, or 11.3% of its share capital after the IPO, raising total gross proceeds of 66.6 billion yuan, according to a bourse filing on Thursday.As a result, the semiconductor company's total share capital will increase to 67.9 million shares from 66.9 million shares.China International Capital Corp. and CITIC Securities served as the joint lead underwriters.
ChangXin Memory Technologies (SHA:688825) has overtaken Tencent (HKG:0700) as the most valuable Chinese company, according to data from TradingView.Newly listed CXMT's market capitalization reached $530.1 billion, eclipsing Tencent's $529.3 billion.Tencent's valuation slid to $510 billion while facing concerns over its AI investments, Bloomberg reported separately.
CXMT (SHA:688825) plans to build a second memory chip plant in Beijing, Reuters reported on Monday, citing two people familiar with the matter.The proposed 12-inch plant would be built in Yizhuang, where the company already runs a dynamic random access memory chip fabrication facility, the sources reportedly said.CXMT is also in talks with the development zone's governing body for at least 60 million yuan in financing for the project, the report said, citing the people.The size and structure of any funding support are not yet final, the newswire quoted the sources as saying.CXMT did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
A bipartisan group of U.S. senators called on Apple to not purchase chips from blacklisted China-based semiconductor manufacturers and reduce dependence on Chinese supplies, Bloomberg reported Thursday, citing a letter.The letter, written by Republican Jim Banks of Indiana and Democrat Chuck Schumer of New York, called on Apple CEO Tim Cook to stop using parts from ChangXin Memory Technologies (SHA:688825) or CXMT and Yangtze Memory Technologies even if the products are meant for export to China, the report said.The senators said CXMT and YMTC are part of a list of Chinese companies said to support the People's Liberation Army, according to the report.Apple, CXMT, and YMTC did not immediately respond to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
A Chinese state-backed company has begun manufacturing immersion deep ultraviolet lithography machines, equipment largely supplied by Dutch company ASML, The Information reported Monday, citing two people familiar with the situation.The machines are set to be delivered to Semiconductor Manufacturing International (HKG:0981, SHA:688981), Hua Hong Semiconductor (HKG:1347, SHA:688347), and newly listed ChangXin Memory Technologies (SHA:688825), according to the report, citing the sources.The homegrown DUV tools are expected to help reduce China's reliance on foreign technology for chip manufacturing, the report said.ASML, Hua Hong Semiconductor, SMIC, and CXMT did not immediately respond to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Shares of ChangXin Memory Technologies (SHA:688825) surged 466% on their Shanghai Stock Exchange debut Monday, propelling the DRAM chipmaker past Industrial and Commercial Bank of China (SHA:601398, HKG:1398) to become the most valuable company listed in the mainland.The stock opened at 49.50 yuan on the STAR Market, versus an IPO price of 8.66 yuan, lifting CXMT's market capitalization to 3.311 trillion yuan in the first minutes of trade, sharply up from the 579.2 billion yuan implied during the IPO process.At the closing price of 49 yuan, CXMT is now valued at 3.278 trillion yuan, topping ICBC's 2.63 trillion yuan market capitalization, according to FactSet data obtained by.CXMT is the world's fourth-largest DRAM maker next to Samsung Electronics (KRX:005930), SK hynix (KRX:000660) and Micron.Jefferies analysts expect CXMT's market share gain to accelerate as the global supply of memory "is unlikely to ease in the coming years."For the first half of 2026, CXMT expects to book 50 billion yuan to 57 billion yuan in attributable profit, versus a net loss of 2.33 billion yuan a year earlier.Revenue is projected to skyrocket 613% to 677% year over year, ranging between 110 billion yuan and 120 billion yuan.Following CXMT's blockbuster listing, Shanghai shares rose 1.2%, while the tech-heavy Shenzhen bourse jumped 2.7%.Reuters reported earlier, citing analysts at HSBC Qianhai Securities, that the IPO is likely to divert capital away from the broader market both ahead of and during its first trading session.Meanwhile, analysts at Morningstar said in a note on Friday that while AI is increasingly becoming a national security issue for China, CXMT looks set to benefit from the AI boom.
Chinese shares closed higher on Monday, as the blockbuster debut of memory chipmaker ChangXin Memory Technologies (SHA:688825) or CXMT, revived investor sentiment and reassured markets despite initial fears of a liquidity drain.The Shanghai Composite Index, the main gauge of Chinese stocks, closed 1.2% higher to 3,858.25. The Shenzhen Component Index jumped 2.7% to 14,148.73.CXMT jumped as much as 535% to 55.03 yuan per share on its first day of trading on the Shanghai bourse. The stock eventually closed at 49.00 yuan apiece, up 466% from the chipmaker's initial public offering price of 8.66 yuan apiece.The rally made CXMT the most valuable stock in China, according to FactSet data. Previously it was Contemporary Amperex Technology (SHE:300750) or CATL in Shenzhen and Industrial and Commercial Bank of China (SHA:601398) or ICBC in Shanghai.The debut, following Asia's biggest IPO this year, provided a much-needed boost to a market that had lost over $1.5 trillion in value earlier in July amid tech selloffs and geopolitical tensions, ETMarkets reported.In other company news, MaxOne Semiconductor Suzhou (SHA:688809) plans to use 1.03 billion yuan in excess initial public offering proceeds to fund two probe card manufacturing projects, while postponing the usable state date of its Nantong research and development and production facility to December 2027 from November 2026. Shares of the semiconductor testing company rose 8% Monday.
ChangXin Memory Technologies (SHA:688825) or CXMT closed at 49.00 yuan per share on its first day of trading on the Shanghai Stock Exchange.This marked a jump of 466% from the chipmaker's initial public offering price of 8.66 yuan per share.CXMT is now the most valuable stock in China, according to FactSet data. Previously it was Contemporary Amperex Technology (SHE:300750) or CATL in Shenzhen and Industrial and Commercial Bank of China (SHA:601398) or ICBC in Shanghai.
Chinese shares opened lower on Monday following the debut of ChangXin Memory Technologies (SHA:688825) or CXMT, which analysts say drained some liquidity from the wider Chinese market.The Shanghai Composite Index, the main gauge of Chinese stocks, opened 0.1% lower to 3,808.90. The Shenzhen Component Index slipped 6.08 points to 13,768.60.CXMT was valued at about 579 billion yuan at the IPO price, raising 57.9 billion yuan in proceeds.Its shares opened at 49.50 yuan apiece on their first day of trading on the Shanghai Stock Exchange, marking a jump of 472% from the IPO price of 8.66 yuan per share.Reuters reported, citing analysts at HSBC Qianhai Securities, that the sizeable IPO is likely to divert capital away from the broader market both ahead of and during its first trading session.
(Adjusts the headline to display the company's name correctly)ChangXin Memory Technologies or CXMT (SHA:688825) opened at 49.50 yuan per share on its first day of trading on the Shanghai Stock Exchange.This marked a jump of 472% from the chipmaker's initial public offering price of 8.66 yuan per share.
ChangXin Memory Technologies (SHA:688825) opened at 49.50 yuan per share on its first day of trading on the Shanghai Stock Exchange.This marked a jump of 472% from the chipmaker's initial public offering price of 8.66 yuan per share.
ChangXin Memory Technologies (SHA:688825) or CXMT expects to book 50 billion yuan to 57 billion yuan in attributable profit for the first half of 2026, versus a net loss of 2.33 billion yuan a year earlier.Revenue is projected to skyrocket 613% to 677% year over year, ranging between 110 billion yuan and 120 billion yuan.The Anhui province-based chipmaker, set to stage the biggest IPO in China so far this year, attributed the performance to strong demand for dynamic random-access memory or DRAM.CXMT disclosed the forecast alongside its updated IPO prospectus on Friday.The company will start trading on the Shanghai Stock Exchange's STAR Market board on Monday, July 27, after its blockbuster IPO that raised 57.9 billion yuan.
ChangXin Memory Technologies (SHA:688825) or CXMT has completed the subscription process for its initial public offering on the Shanghai Stock Exchange's STAR Market board, according to a bourse filing on Wednesday.The chipmaker priced its offering at 8.66 yuan per share, raising 57.9 billion yuan.The offering consists of 6,688,088,608 shares, representing 10% of the company's share capital.To meet strong demand, CXMT granted a 15% overallotment option to its lead underwriter, China International Capital (SHA:601995, HKG:3908) or CICC. If fully exercised, the total offering will expand to 7,691,301,608 shares, or 11.33% of CXMT's share capital post-IPO.The company noted that the retail portion of the offering was oversubscribed by 243.93 times, prompting the company and the underwriters to activate the clawback mechanism to adjust the scale of the offering.The IPO marks the second-largest in China's history, next to Agricultural Bank of China's (SHA:601288, HKG:1288) 68.5 billion yuan IPO in 2010, according to Bloomberg.
ChangXin Memory Technologies (SHA:688825) or CXMT saw the institutional portion of its STAR Market listing oversubscribed 569.8 times, according to a Shanghai Stock Exchange filing on Sunday.The offline institutional offering drew valid subscriptions totaling 1.24 trillion shares from investment entities, mutual funds, bank wealth management products, insurance firms and more.Following the activation of the overallotment option and the clawback mechanism, the final offline offering size was set at 2.17 billion shares, representing about 36.1% of the total IPO size. The retail online offering took up the remaining 3.85 billion shares, or 63.9%.The IPO marks the second-largest in China's history, second to Agricultural Bank of China's (SHA:601288, HKG:1288) 68.5 billion yuan IPO in 2010, according to Bloomberg.
ChangXin Memory Technologies (SHA:688825) or CXMT saw the retail portion of its STAR Market listing oversubscribed 212 times, according to a Shanghai bourse filing late Thursday.The retail offering drew 9.4 million valid online subscription orders applying for 816.9 billion shares.Following the activation of the overallotment option and the clawback mechanism, the final online offering size was 3.85 billion shares, representing about 63.9% of the total IPO size, while the final offline offering size was 2.17 billion shares, or 36.1% of the IPO.The chipmaker sold a total of 7.69 billion shares at 8.66 yuan apiece, raising gross proceeds of 66.6 billion yuan, up from the previous estimate of 57.9 billion yuan.The IPO marks the second-largest in China's history, second to Agricultural Bank of China's (SHA:601288, HKG:1288) 68.5 billion yuan IPO in 2010, according to Bloomberg.
ChangXin Memory Technologies (SHA:688825) has priced its initial public offering on the Shanghai Stock Exchange's STAR Market board, seeking to raise up to 57.9 billion yuan, according to a bourse filing on Wednesday.The Chinese chipmaker will offer 6.69 billion shares priced at 8.66 yuan apiece before any overallotment option. The shares represent 10% of the company's total share capital post-issuance.At that size, the company is poised to stage the biggest IPO in Asia so far this year and the largest Chinese A-Share semiconductor IPO to date, according to Reuters.An overallotment option of up to 15% has been granted to China International Capital (HKG:3908, SHA:601995). If fully exercised, the total number of issued shares will increase to 7.69 billion shares, representing 11.3% of the expanded share capital.
Showing 1-20 of 21
