GoKawiilCXMT shares drop 7.8% despite forecasting $19.6 billion profit swing
Chinese memory chipmaker CXMT saw its shares close 7.8% lower Monday despite forecasting net profit of 131-132.5 billion yuan ($19.58 billion) for the first nine months of 2026, reversing a 5.28 billion yuan loss a year earlier. The company also projected revenue of roughly 265-270 billion yuan, a jump of over 230 billion yuan from the same period last year, according to a regulatory filing.