China Stock of the Day | Kabutaro & Friends

CXMT<688825>, China's largest DRAM maker, was the Chinese stock most talked about online on August 28, 2026.
Background: The company released its first interim report since listing that day, showing first-half revenue of RMB 150.310 billion, up 873.64% year on year, and net profit of RMB 77.605 billion, swinging to a profit from a loss of RMB 2.332 billion a year earlier. Gross margin on its core business was 84.84%, weighted average return on equity was 81.06%, and operating cash flow reached RMB 131.156 billion, up 2,985.64%. For the second quarter alone, revenue was about RMB 99.51 billion, up 95.9% from the prior quarter, and net profit was about RMB 52.8 billion, up 113%. The company said its LPDDR6 products are undergoing sample validation with key customers and that it is accelerating mass production. Listed on the STAR Market on July 27, the stock closed August 28 down 0.88% at RMB 58.6, with a market capitalization of RMB 3.978 trillion, the largest in the A-share market, and a cumulative gain of 576.67% since listing.