Jiangbolong forecasts nine-month profit surge as memory-price gains slow

Jiangbolong (江波龙) forecast net profit attributable to shareholders of 14 billion to 14.9 billion yuan for the first nine months of 2026, an increase of 1,864.55% to 1,990.84% from a year earlier. CLS and 36Kr reported the company's announcement on October 15. IT Home also reported a nine-month revenue forecast of 38 billion to 40 billion yuan, up 127.08% to 139.03% year on year. [ 1 , 2 , 4 ]

The company said the global memory market's supply-demand balance remained tight in the third quarter. However, DRAM and NAND Flash price increases had narrowed markedly compared with earlier periods because of the already high price base, reducing their incremental contribution to profit. CLS calculated third-quarter net profit of 3.423 billion to 4.323 billion yuan, compared with 6.715 billion yuan in the second quarter, implying a sequential decline of 35% to 49%. [ 1 ]

Jiangbolong described the memory industry as moving from a consumer-price cycle toward an AI-driven technology cycle. The company said its own chips and software architecture supported a differentiated approach, while the proportion of large, high-end and global customers continued increasing. It attributed continued historically high third-quarter profitability to an improved product and customer mix. CLS reported the company's statement that UFS4.1, mSSD and ePOP5x products had achieved commercial deployment at scale with major customers, and that its Lexar and Zilia international businesses continued growing rapidly. [ 1 , 2 ]

IT Home said the forecast was based on preliminary calculations that had not been audited. It advised that the figures should be checked against the subsequent formal third-quarter report. [ 4 ]