---
title: "News: GIGADEVICE's profit surged fivefold in its first quarter after going public"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284672740.md"
description: "GIGADEVICE Technology Group Co., Ltd. announced its first-quarter performance after going public, with revenue of 4.188 billion yuan, a year-on-year increase of 119%; profit of 1.46 billion yuan, a growth of 523%. The performance growth was driven by the shortage of storage chips and the demand for microcontrollers. The net cash flow from operating activities reached 1.78 billion yuan, an increase of 431% compared to the same period last year. On Thursday, the stock price rose by 5.7%, closing at HKD 504, and the stock price has doubled since its listing"
datetime: "2026-04-30T01:35:48.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284672740.md)
  - [en](https://longbridge.com/en/news/284672740.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284672740.md)
---

# News: GIGADEVICE's profit surged fivefold in its first quarter after going public

The diversified chip integrated circuit design company **GIGADEVICE Semiconductor (3986.HK)** **announced on Wednesday** its first quarterly results since going public, reporting revenue of 4.188 billion yuan for the period ending in March this year, a significant year-on-year increase of 119%, with profits soaring 523% to 1.46 billion yuan.

The company stated that the explosive growth in performance was partly due to the supply-demand imbalance in memory chip products, leading to simultaneous increases in both price and volume. Additionally, driven by demand from industrial, consumer electronics, and automotive sectors, the shipment volume of microcontroller products saw substantial growth.

GIGADEVICE further noted that during the period, the sharp rise in both sales volume and product prices resulted in a significant increase in net sales receipts, with the net cash flow from operating activities reaching 1.78 billion yuan, a substantial increase of 431% compared to 336 million yuan in the same period last year.

On Thursday, GIGADEVICE's stock opened up 5.7% at 504 Hong Kong dollars. The company just went public in Hong Kong this January, and its stock price has doubled since then.

_Liu Zhiheng_

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