GigaDevice(SH:603986) Cai Jing Wang·2025-05-20 10:16Group 1 - The core point of the news is that Zhaoyi Innovation plans to issue H-shares and list on the Hong Kong Stock Exchange to enhance its global strategy and international brand image [1][2] - Zhaoyi Innovation, established in 2016, focuses on the research, technical support, and sales of memory, microcontrollers, and sensors, with significant products in NOR Flash, DRAM, SLC NAND Flash, touch control chips, and fingerprint recognition chips [1] - In 2024, Zhaoyi Innovation reported a revenue of 7.356 billion yuan, a year-on-year increase of 27.69%, and a net profit attributable to shareholders of 1.103 billion yuan, a remarkable year-on-year growth of 584.21% [1] Group 2 - The purpose of the H-share issuance is to deepen the global strategy, accelerate overseas business development, and enhance core competitiveness [2] - The funds raised from the H-share issuance will be used for enhancing R&D capabilities, product and technology innovation, strategic investments, and global marketing network construction [2] - The semiconductor industry is experiencing intensified global competition, particularly in AI and smart automotive sectors, prompting many A-share listed companies to seek dual listings in Hong Kong [2]