CXMT Reports H1 Revenue of RMB 150.31B, Up 873.6% YoY, with Non-GAAP Net Profit of RMB 78.79B Turning Profitable

On August 28, Changxin Technology (SHA: 688825) released its first financial report since going public. In the first half of 2026, the company reported revenue of RMB 150.31 billion, a year-over-year increase of 873.6%. Its adjusted net profit attributable to shareholders amounted to RMB 78.79 billion, compared to a loss of RMB 2.39 billion in the same period last year. These results exceeded the company's earlier forecast in its prospectus issued at the end of May, which projected H1 revenue between RMB 110 billion and RMB 120 billion and adjusted net profit attributable to shareholders between RMB 52 billion and RMB 58 billion. The performance also surpassed Morgan Stanley's previous estimates of RMB 136 billion in revenue and RMB 65 billion in net profit.