Movement Alert|GigaDevice Rises 5.98% in Regular Trading, Semiconductor Sector Surges as CXMT IPO Catalyst Continues to Ferment

Market Focus
May 26

On May 26, GigaDevice (03986.HK) rose 5.98% in regular trading, trading at 845.0 HKD/share, with trading volume of approximately 161 million HKD, hitting a fresh all-time high. The rally was driven by a broad-based semiconductor sector surge coupled with continued fermentation of the CXMT (ChangXin Memory Technologies) IPO catalyst.

The semiconductor sector exhibited strong momentum, with SMIC surging 14.53% and Hua Hong Semiconductor jumping 18.68%. GigaDevice, as a direct shareholder of CXMT holding approximately 1.88% equity and its exclusive niche DRAM foundry partner, continues to benefit from a value re-rating thesis. CXMT's IPO process on the STAR Market is advancing steadily, with its projected trillion-yuan-plus market capitalization expected to deliver substantial asset appreciation for GigaDevice.

On fundamentals, the company reported Q1 net profit growth of 522.79% year-over-year, with gross margin surging to 57.08%, underpinned by the storage cycle reversal and accelerating domestic substitution. Planned DRAM procurement from CXMT is expected to reach 5.7 billion yuan, representing multi-fold growth over the prior year.

(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.)

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