On July 15, GigaDevice Semiconductor (03986.HK) rose 3.7% in regular trading, trading at 716.5 HKD/share, with turnover of HKD 518 million.
On the news front, the stock's A-share received net institutional inflows of 1.737 billion yuan on the previous trading day, ranking first in the market for margin net purchases, signaling sustained large-capital interest. Meanwhile, the broader storage chip sector rallied in tandem as the Korean composite index surged and SK Hynix posted strong gains. Additionally, the IPO subscription date for storage peer Changxin Technology was confirmed for July 16, further energizing sector sentiment.
Fundamentally, GigaDevice reported Q1 net profit growth of 522.79% year-over-year with gross margins at 57.08%. Its mid-year earnings preview indicated H1 net profit of approximately 6.9 billion yuan, representing a year-over-year increase of roughly 1,099%, driven by tight memory chip supply pushing both volume and pricing higher. The convergence of robust earnings delivery, persistent capital inflows, and sector-wide tailwinds collectively underpinned market confidence.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
Comments