GigaDevice’s net profit in the first half of the year increased more than 10 times year-on-year

China News Service, Beijing, August 18 (Reporter Chen Kangliang) China's A-share listed company GigaDevice Innovation Technology Group Co., Ltd. (hereinafter referred to as GigaDevice) announced on the 18th that in the first half of 2026, the company achieved a net profit attributable to shareholders of the listed company of approximately 6.857 billion yuan (RMB, the same below), a year-on-year increase of 1091.5%.

The announcement also showed that in the first half of this year, GigaDevice achieved operating income of approximately 11.566 billion yuan, a year-on-year increase of 178.67%; net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was approximately 4.883 billion yuan, a year-on-year increase of 796.9%. As of the end of June, GigaDevice's total assets were approximately 42.405 billion yuan, an increase of 98.19% from the end of the previous year.

Regarding the reasons for the change in performance, GigaDevice said that in the first half of this year, the supply of the memory chip industry was tight, and the company's memory chip product volume and price increased, which accordingly led to a significant increase in the profitability of the storage business. Microcontroller products have benefited from the demand driven by industrial, consumer and automotive fields, and their shipment scale has also achieved good growth. The company's revenue scale and profit quality have improved simultaneously, driving overall operating performance to achieve substantial growth.

Public information shows that GigaDevice’s main business is the research and development, technical support and sales of memories, microcontrollers, sensors and analog chips. As of the close of trading on the 18th, GigaDevice’s total market value exceeded 300 billion yuan.