CXMT Shares Surge 12.66% to Market Cap of RMB 3.54 Trillion, Driving Rental and Sales Activity in Hefei's

CXMT shares rose 12.66% on July 29, closing at RMB 52.95 per share, giving the company a market capitalization of RMB 3.54 trillion. The wealth effect from the capital market is now influencing Hefei's real estate market, with demand for home purchases and rentals from nearly 20,000 employees, including more than 6,700 who hold shares, already boosting the local property and leasing markets.

CXMT is located in Hefei's Changgang area. To the east of the campus are resettlement communities such as Lianhuan New Village, Xinqiao Jiayuan, Qihang Nanyuan, and Qihang Beiyuan, where many homeowners rent out their properties, primarily to CXMT employees. There are few chain real estate agencies in the vicinity; individual landlords and agents post rental ads on roadside signs, electric scooter trunks, and community balconies. Rent for a 70-square-meter two-bedroom apartment is about RMB 2,000 per month, a price level that has persisted since 2000; a larger two-bedroom unit rents for around RMB 2,400. Some relocated households own two resettlement properties: a 50-square-meter unit rents for nearly RMB 2,000 per month, and a 90-square-meter unit for nearly RMB 3,000. Rental prices in Changgang are higher than in some core districts of Hefei. For example, near Sipailou subway station, two-bedroom rents mainly range from RMB 1,000 to RMB 3,000 per month, with higher rents typically for well-decorated elevator apartments.

The only commercial housing project in the Changgang area is OCT International Town, located north of the CXMT campus. In June 2026, second-hand home transactions in this community surged 400% month-on-month, with an average transaction price of nearly RMB 7,000 per square meter. Sales representatives noted that the project still has units for sale in plots 5 and 8, with townhouse-style apartments averaging around RMB 8,000 per square meter and high-rise units priced lower. More than 5,000 units have been sold in this development. Earlier, CXMT employees were offered internal purchase opportunities, with employee buyers accounting for 20% to 30% of total sales, meaning over a thousand units were bought in bulk by CXMT staff.

In late June, the Wei Xing-Vanke Xingyu Nian'guang project in Hefei's High-tech Zone launched a group purchase event for CXMT employees, offering a direct discount of RMB 300,000 on 175-square-meter large units, along with price reductions on some small high-rise units. The Yunman Langjing project also offered a discount of about 2%. Both projects are about 20 kilometers in a straight line from CXMT's headquarters, roughly a 30-minute drive. A sales representative from a real estate project in Hefei's High-tech Zone said that CXMT is far from the city center and close to the airport, with the surrounding area dominated by resettlement communities. OCT International Town is the only new housing project, and it was once suspended before resuming sales, but it cannot meet the massive housing demand.

According to the prospectus, CXMT's workforce has grown rapidly, from 9,600 employees at the end of 2023 to 13,900 at the end of 2024 and 19,300 at the end of 2025. Unlike the 'low price, high rent' situation in Changgang, Hefei's High-tech Zone is a primary area where CXMT's R&D and management staff buy homes. A chip design engineer at CXMT said that most of his department choose to buy apartments in the High-tech Zone, which is about a 30-minute drive away, mainly due to stable prices and commuting convenience.