CXMT Corp Class A 688825

Morningstar Rating
CN¥54.79 −0.76 (1.37%)
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Company Report

Price vs Fair Value

688825 is trading at a LOCK|K^?<>j premium.
Price
CN¥54.79
Fair Value
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Uncertainty
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1-Star Price
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5-Star Price
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Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Adoption of CXMT’s products by global consumer electronics brands will accelerate further as companies diversify supply chains to weaken pricing power of memory players in shortages.

Bears

Lack of access to EUV lithography effectively puts a hard limit on CXMT’s technological advancements, causing CXMT to fall increasingly further behind global memory leaders.

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Trading Information

Previous Close Price
CN¥55.55
Day Range
CN¥54.38–55.85
52-Week Range
CN¥38.19–61.80
Bid/Ask
CN¥54.79 / CN¥54.80
Shares Outstanding
67.88B
Market Cap
CN¥3.72T
Volume/Avg
117M / —

Key Statistics

Price/Earnings (Normalized)
36.60
Price/Sales
16.57
Dividend Yield (Trailing)
0.00%
Dividend Yield (Forward)
0.00%
Dividend Payment Schedule
—
Total Yield
—

Company Profile

Changxin Memory Technologies, or CXMT, is the fourth-largest manufacturer of DRAM chips globally. Founded in 2016 from the acquisition of the intellectual property of the now-defunct memory maker Qimonda, the company has a 9% shipment share in the global DRAM market as of 2025, with its products mainly revolving around conventional memory products. CXMT is headquartered in Anhui, China, with 97% of its 2025 sales coming from the Greater China region.
Sector
Technology
Industry
Semiconductors
Stock Style Box
Large Growth
Total Number of Employees
—

Competitors

Valuation

Metric
688825
MU
005930
Price/Earnings (Normalized)
36.6024.3212.28
Price/Book Value
24.488.963.31
Price/Sales
16.579.423.35
Price/Cash Flow
20.3813.156.62
Price/Earnings
688825
MU
005930

Financial Strength

Metric
688825
MU
005930
Quick Ratio
2.622.932.20
Current Ratio
3.223.422.83
Interest Coverage
44.48254.95242.73
Quick Ratio
688825
MU
005930

Profitability

Metric
688825
MU
005930
Return on Assets (Normalized)
34.73%53.42%24.86%
Return on Equity (Normalized)
159.75%76.55%33.47%
Return on Invested Capital (Normalized)
39.95%64.36%30.09%
Return on Assets
688825
MU
005930

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