HK Stock Market Move | GigaDevice Semiconductor Inc. (03986) opened high and fell nearly 15% next Monday, welcoming cornerstone investors to lift restrictions on share sales.

GigaDevice Semiconductor Inc. (03986) opened high and then fell during the day, with the decline expanding by nearly 15% in the afternoon. As of the time of writing, it fell by 14.67% to 802.5 Hong Kong dollars, with a turnover of 6.054 billion Hong Kong dollars. On the news front, GigaDevice Semiconductor Inc.'s H shares are about to face the lifting of the lock-up period for cornerstone investors on July 13th (next Monday). Data shows that a total of 18 shareholders will have their shares unlocked, with a total of 14.3943 million shares being unlocked. GigaDevice Semiconductor Inc. recently announced that it expects a net profit attributable to shareholders of the listed company of around 6.9 billion yuan in the first half of 2026, a year-on-year increase of about 1099%. The company expects a net profit of 5.439 billion yuan in the second quarter, and a net profit of 1.461 billion yuan in the first quarter. Based on this, the net profit in the second quarter is expected to increase by 272% compared to the first quarter. The company stated that the performance change in the first half of the year was mainly due to the tight supply in the storage chip industry, the increase in the volume and price of the company's storage chip products, and the growth in the shipment scale of the microcontroller products, driving a significant increase in overall business performance.