GigaDevice Semiconductor Inc. (stock code: 603986, stock abbreviation: GigaDevice) today released its financial report. The financial report shows that GigaDevice's revenue for the first three quarters of 2026 was 20.3 billion yuan, a year-on-year increase of 197%.
GigaDevice's net profit for the first three quarters of 2026 was 11.066 billion yuan, a year-on-year increase of 921.55%; net profit after deducting non-recurring gains and losses was 9.434 billion yuan, a year-on-year increase of 805%.
GigaDevice's revenue for the third quarter of 2026 was 8.73 billion yuan, a year-on-year increase of 225.65%; net profit was 4.2 billion yuan, a year-on-year increase of 728.93%; net profit after deducting non-recurring gains and losses was 4.55 billion yuan, a year-on-year increase of 814.39%.
GigaDevice stated that during the reporting period, the supply of the memory chip industry was tight, the company's memory chip products saw both volume and price rise, and the memory business continued to improve; multiple business product lines such as MCU continued to gain momentum, product shipment scale also achieved good growth, and overall operating performance achieved substantial growth.
Zhu Yiming Reduced Holdings at High Levels, Cashed Out 4.4 Billion Yuan
As of September 30, 2026, Zhu Yiming held 4.94%, HKSCC NOMINEES LIMITED held 4.74%, Hong Kong Securities Clearing Company Limited held 4.72%, Ge Weidong held 2.34%, InfoGrid held 1.85%, and Wang Ping held 1.22%,
As of September 30, 2026, GigaDevice's equity structure
China Construction Bank Corporation - E Fund CSI 300 Exchange-Traded Open-End Index Initiating Securities Investment Fund held 0.8%, Shanghai Jueshuo Asset Management Center (Limited Partnership) - Jueshuo Jingfan Multi-Strategy No. 1 Private Securities Investment Fund held 0.61%, Shanghai Jueshuo Asset Management Center (Limited Partnership) - Jueshuo Jingfan Multi-Strategy No. 1 Private Securities Investment Fund held 0.61%,
China CITIC Bank Corporation - Yongying Pioneer Semiconductor Selected Mixed Initiating Securities Investment Fund held 0.5%, and Shenzhen Baiyeyuan Investment Co., Ltd. held 0.49%.
Zhu Yiming and Info Grid Limited are persons acting in concert. Ge Weidong and Wang Ping are persons acting in concert.
Previously, GigaDevice was embroiled in controversy, mainly because Zhu Yiming, during the period from May 6 to June 12, 2026, through centralized bidding and block trades, cumulatively reduced 11,110,637 shares of the company, accounting for approximately 1.58% of the company's current total share capital (701,745,034 shares).
Among them, Zhu Yiming reduced 6,900,637 shares through centralized bidding and 4,210,000 shares through block trades, with the reduction price range being 339.44 yuan to 538.90 yuan per share, cashing out a total of 4.4 billion yuan.
On the same day that GigaDevice announced Zhu Yiming's reduction, GigaDevice also issued an announcement stating that Zhu Yiming promised not to reduce his holdings of the company's shares within 12 months from July 29, 2026. GigaDevice also issued an announcement on the same day stating that the company would conduct a buyback, with the total amount of funds for the buyback being 1 billion to 2 billion yuan.
Recently, GigaDevice issued an announcement stating that as of now, the company has cumulatively repurchased 3.0086 million shares through centralized bidding transactions, accounting for 0.43% of the company's total share capital. The highest repurchase price was 411.95 yuan per share, the lowest price was 271.43 yuan per share, the average repurchase price was 370.64 yuan per share, and the total amount paid was 1.115 billion yuan (excluding transaction fees).
However, many investors are dissatisfied with GigaDevice's approach of the founder reducing holdings at high levels on one hand while the company conducts buybacks on the other.
As of today's close, GigaDevice's stock price was 275.99 yuan, with a market value of 194.3 billion yuan. Compared with Zhu Yiming's reduction price, GigaDevice's current stock price is clearly at a low level.
GigaDevice's stock price once reached as high as 846.66 yuan in early July 2026. Compared with today's closing price, GigaDevice's stock price has fallen by 67%, and its market value has evaporated by more than 300 billion yuan.
This article is from the WeChat public account "Leidi" (ID: touchweb), author: Lei Jianping
