Giga Device Semiconductor (SHA:603986) forecasts attributable profit to jump 46% to 1.61 billion yuan in 2025 from 1.03 billion yuan in 2024, according to a Friday disclosure to the Shanghai bourse.
Operating revenue is seen to rise 25% year over year to 9.20 billion yuan.
The upbeat forecast is attributable to the effective implementation of company strategy and higher demand due to accelerated artificial intelligence computing power, among other factors, the filing said.
Shares fell 1% during morning trading on Friday.
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