# ChangXin Memory Technologies (CXMT): valuation, funding, and the secondary tape

## The short version

- No priced instruments on record yet; milestones only.

| instrument | value | as of | source |
|---|---|---|---|
| Claimed valuation | n/a |  | graph |


## Recent milestones

- 2026-09-07 - [H1-2026 results (investor call): revenue 150.31B yuan (+873.6% YoY), net profit 77.605B yuan - a 51.6% net margin, after 2025 was the first ](https://www.technetbooks.com/2026/09/cxmt-reports-massive-revenue-surge-and.html)
- 2026-09-07 - [Dated MARKET mark (not a company claim): Sep 7 2026 close 57.98 yuan / ~3.72T yuan market cap (~US$520B); 52-week range 8.66 (IPO price) to ](https://stockanalysis.com/quote/sha/688825/)
- 2026-09-01 - [IPO-prospectus detail: top-five customers = 68.08% of 2025 main-business revenue (74.12% in 2023); named end customers include Alibaba Cloud](https://axis-intelligence.com/china-memory-chip-production/)

[marks](https://data.somen.ai/marks) | [napkin](https://data.somen.ai/napkin) | [scorecard](https://data.somen.ai/scorecard) | [all companies](https://data.somen.ai/companies)

*Derived from the SOMEN graph at render time. The arithmetic cannot lobby you.*