GigaDevice Semiconductor Inc. released its 2025 Annual Report and AGM circular, detailing a robust earnings rebound and multiple capital-management proposals.
Financial Highlights • FY2025 revenue reached RMB9.20 billion, up 25.12% year-on-year. • Net profit attributable to shareholders rose 49.47% to RMB1.65 billion; net profit after non-recurring items grew 42.57% to RMB1.47 billion. • Growth was driven by tighter memory supply, higher DRAM/NAND pricing and expanded MCU, analogue and customised-storage sales.
Dividend Proposal • Cash dividend of RMB7.50 (tax-inclusive) per 10 shares, based on 700.50 million eligible shares. • Total payout: RMB525.37 million, equating to 31.88% of FY2025 attributable profit. • Record date for H-shareholders: 29 April 2026; expected payment on or before 24 June 2026.
Auditor Re-appointment • KPMG Huazhen LLP and KPMG (Hong Kong) proposed as PRC and overseas auditors for 2026; audit fees to be negotiated by the Audit Committee.
Related-Party Transactions • 2026 cap for DRAM wafer procurement from CXMT Group set at USD825 million (approx. RMB5.71 billion), up sharply from RMB1.18 billion actual spend in 2025, reflecting forecast demand and higher wafer prices. • CXMT is classified as a related party under PRC rules but is not a connected person under Hong Kong Listing Rules.
Board & Senior Management Remuneration • Independent directors to receive an annual allowance of RMB240,000. • Executive and employee-representative directors to be remunerated through existing management pay schemes. • Revised Remuneration Management System clarifies base salary, benefits, short-term and long-term incentives; short-term bonuses will constitute at least 50% of cash pay.
Capital & Articles Update • Registered capital increased to RMB701.10 million after exercise of share options and H-share global offering. • Proposed amendments to the Articles of Association to reflect the new share capital structure.
General Mandates • Board seeks authority to issue up to 20% of existing share capital in new H Shares and/or dispose of treasury shares. • Separate mandate to repurchase up to 10% of issued H Shares.
AGM Details • Annual General Meeting scheduled for 24 April 2026 in Beijing. • H-share register closes 21–24 April 2026 for voting eligibility; proxy forms due by 2:00 p.m. on 23 April 2026.
The Board recommends shareholders approve all resolutions, citing alignment with growth strategy and shareholder returns.
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