STOCKS | ChangXin Technology Posts First-Half Profit, LPDDR6 Enters Mass Production

ChangXin Technology (688825.SS) reported first-half revenue of RMB 150.31 billion, up 873.64% year on year, and net profit attributable to shareholders of RMB 77.605 billion, reversing a loss a year earlier, according to ETNet. The company said the gains were driven by rapid growth in global computing demand, capacity allocation by major manufacturers and a supply shortage in global DRAM that pushed prices sharply higher. Operating cash flow rose 2,985.64% to RMB 131.156 billion, while cash and cash equivalents increased 175.87% to RMB 143.426 billion. ChangXin Storage also said on Weibo that LPDDR6 memory has entered mass production and will debut in Xiaomi's 18 Fold foldable flagship phone. The company said the product is the world's first commercial LPDDR6 launch, with a peak speed of 12,800Mbps and a maximum capacity of 16GB.