GigaDevice(SH:603986) Chang Jiang Shang Bao·2025-10-30 00:04Core Viewpoint - The company, Gigadevice Semiconductor, reported strong financial results for Q3 2025, with significant year-on-year growth in both revenue and net profit, driven by improvements in the DRAM industry and increased demand across various sectors [1][2]. Financial Performance - For the first three quarters of 2025, Gigadevice achieved revenue of 6.832 billion yuan, a year-on-year increase of 20.92%, and a net profit of 1.083 billion yuan, up 30.18% [1][2]. - In Q3 2025 alone, the company recorded revenue of 2.681 billion yuan, representing a 31.4% increase year-on-year, and a net profit of 508 million yuan, which is a 61.13% increase [1][2]. Market Position and Product Development - Gigadevice focuses on storage chip R&D, holding leading global market shares in NOR Flash, SLC NAND Flash, and niche DRAM [1][4]. - The company is the only integrated circuit design firm globally ranked in the top ten for NOR Flash, SLC NAND Flash, niche DRAM, and MCU based on 2024 sales [4][5]. - In 2024, Gigadevice's product shipment reached a record high of 4.362 billion units, a 39.72% increase year-on-year [4]. Industry Trends - The DRAM industry is experiencing a favorable supply-demand balance, leading to price and volume increases, with demand growth in consumer, industrial, and automotive sectors [1][2]. - The company anticipates continued demand growth in 2025, particularly in niche DRAM, which is expected to remain in short supply until the end of the year [1][5]. Shareholder Activity - Notably, major shareholder Ge Weidong has been increasing his stake in Gigadevice since 2018, although he recently reduced his holdings after the stock price reached new highs [3].