GigaDevice(SH:603986) 3 6 Ke·2025-12-18 12:14Core Viewpoint - GigaDevice Semiconductor Inc. is preparing for its listing on the Hong Kong Stock Exchange, indicating its transition to an "A+H" company, with a diverse range of chip products and solutions offered to clients [1][2]. Financial Performance - For the first three quarters of 2025, GigaDevice reported 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% [2][4]. - The revenue projections for the fiscal years 2022 to 2025 are 8.13 billion yuan, 5.76 billion yuan, 7.36 billion yuan, and 4.15 billion yuan, respectively [2][3]. Product Segmentation - The company specializes in various chip types, including specialized storage chips, NOR Flash, DRAM, NAND Flash, MCUs, and sensor chips, with the highest gross margins reported for analog chips, specialized storage chips, and MCUs [4][5]. - The average selling prices for specialized storage chips and MCUs are projected to decrease from 1.45 yuan to 1.41 yuan and from 4.19 yuan to 3.85 yuan, respectively, by the end of Q3 2025 [6]. Shareholder Structure - The founder and controlling shareholder, Zhu Yiming, holds 8.81% of the company, while notable investor Ge Weidong owns over 17 million shares, representing 2.55% of the total shares [7][8]. - A total of 34,650 shares are set to be released from lock-up on December 22, 2025, as part of the company's stock option and restricted stock incentive plan [11][12].