CXMT issues Q3 earnings forecast: net profit RMB 53.4-54.9B, up 1-4% QoQ, a sharp slowdown from Q2

Chinese memory chipmaker CXMT issued its Q3 earnings forecast: net profit attributable to shareholders of RMB 53.395-54.895 billion, expected to rise about 1-4% quarter-on-quarter, a sharp slowdown from Q2's 113% QoQ growth. Revenue is expected at RMB 114.69-119.69 billion, up 15.25-20.28% QoQ.

Detected & updated continuously · Source: Nebula