China's DRAM manufacturer CXMT has updated its IPO prospectus draft with first-quarter 2025 financial data ahead of a listing committee review scheduled for May 27.
Q1 2025 financial data reveals strong revenue and net profit performance ahead of May 27 listing committee review.
The company reported revenue of RMB 50.8 billion and net profit of RMB 33.01 billion during the quarter, according to KuaiJiKe.
CXMT projects second-quarter 2026 revenue between RMB 110 billion and RMB 120 billion, representing year-over-year growth of approximately 612% to 677%.
The company also forecasts net profit for that period at RMB 66 billion to RMB 75 billion, with RMB 50 billion to RMB 57 billion attributable to its parent company.
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