The Projection — a symmetric watercolor butterfly

The Projection

The surface is never the system.

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Capital · in

IPO ~$8.5-9.8B + recent-period revenue ~$7.4B (50.8B yuan, +700% YoY). NB the $7.4B is reported as 'Q1 2026' but that scale implies an ANNUAL figure for a ~7.7% DRAM player — period AMBIGUOUS, flagged.

low confidence · as of 2026-07-26 · about CXMT

Sourced figures 1


the working

Threads 2

A claim is one metric we assert about a node — the value is the summary, this page is the receipt. Sourced from kestrel; supersedes-history not yet shown. Back to CXMT.