On May 20, GigaDevice (03986.HK) rose 3.99% in regular trading, trading at 624.5 HKD/share, with trading volume of approximately 124 million HKD. The stock continues to trade near all-time highs following a sharp rally earlier this week.

The ongoing momentum stems from CXMT (ChangXin Memory Technologies) updating its IPO prospectus on May 17, revealing explosive first-quarter results. CXMT reported Q1 revenue growth of 719.13% year-over-year and net profit attributable to shareholders of 24.76 billion yuan, with H1 guidance of 50-57 billion yuan in net profit, representing over 2,200% growth. GigaDevice holds a 1.8% stake in CXMT, and its chairman Zhu Yiming also serves as CXMT chairman. Beyond equity ties, GigaDevice is deeply integrated into CXMT's supply chain, with projected DRAM-related procurement of 5.71 billion yuan from CXMT in the current year.

Additionally, GigaDevice's own Q1 earnings showed revenue of 4.19 billion yuan, up 119.38% year-over-year, with net profit surging 522.79%, driven by storage chip supply shortages and MCU demand expansion across multiple sectors. Multiple institutions have noted the global DRAM market faces its most severe supply shortage in 15 years, with AI server demand contributing over 50% of total DRAM consumption.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)