GigaDevice Semiconductor Inc. (603986.SH) issued a profit forecast, expecting a net profit of 1.09 billion yuan in 2024, an increase of 576.43% year-on-year.

GigaDevice Semiconductor Inc. (603986.SH) announced that the company expects to achieve a net profit attributable to shareholders of the listed company of approximately 1.09 billion RMB in 2024, an increase of around 928.86 million RMB compared to the same period last year, representing a year-on-year growth of approximately 576.43%.