On March 26, Changxin Memory Technologies, China’s largest DRAM manufacturer, reported a historic turnaround. Driven by sustained supply shortages and rising DRAM prices, the company expects 2025 revenue of $7.6 billion, more than doubling year-over-year, with estimated net profit of $414 million.
Changxin’s prospectus shows revenue climbed from $1.1 billion in 2022 to $4.4 billion in the first nine months of 2025, while net losses narrowed significantly. The company had previously guided for a 2025 revenue range of $7.6 billion to $8.0 billion, with first-time profitability between $276 million and $483 million. Adjusted net profit for the year is estimated at around $414 million.
As China’s largest DRAM producer, Changxin offers a diversified portfolio including DRAM wafers, chips, and modules across DDR and LPDDR families. It has completed the full product transition from DDR4/LPDDR4X to DDR5 and LPDDR5/5X, with DDR5 reaching peak speeds over 8000Mbps and LPDDR5X hitting 10667Mbps—matching international mainstream performance.
Changxin is currently pursuing a $4.1 billion IPO on Shanghai’s STAR Market. Proceeds will fund manufacturing line upgrades, technology development, and advanced DRAM R&D to further scale capacity and competitiveness.
ICgoodFind : Changxin just turned a profit for the first time, thanks to a booming DRAM market. With a $4.1 billion IPO on the way, China’s memory champion is poised for its next growth phase.
