The Chinese memory-chip giant CXMT recorded revenue of 150.31 billion yuan ($22.37 billion) in the first half of the year, representing a year-on-year increase of 873.64 percent. Net profit reached 77.60 billion yuan, reversing a loss of 2.332 billion yuan in the same period of the previous year, according to its interim report released on Friday evening.

CXMT releases its first post-IPO earnings on August 29 as investors assess whether the DRAM chipmaker's 580% stock surge matches its

China’s leading DRAM chipmaker outperforms its own forecasts in its first financial results since a blockbuster Shanghai listing.