HK Stock Market Move | GigaDevice Semiconductor Inc. (03986) fell more than 6% in morning trading; third-quarter net profit rose 729% year on year and fell 21% quarter on quarter.

GigaDevice Semiconductor Inc. (03986) fell more than 6% in morning trading. As of press time, it was down 5.43% at HK$324, with turnover of HK$375 million. On the news front, GigaDevice Semiconductor Inc. announced that third-quarter revenue was RMB8.732 billion, up 225.65% year on year; net profit was RMB4.209 billion, up 728.93% year on year and down 21% quarter on quarter from RMB5.396 billion in the second quarter. Revenue for the first three quarters was RMB20.297 billion, up 197.11% year on year; net profit was RMB11.066 billion, up 921.55% year on year. A report released by TrendForce in mid-September showed that NOR Flash contract prices cumulatively rose by an average of 100% to 120% in the first half of 2026, but diverged in the second half. Average prices for high-capacity products of 256Mb and above are expected to have room for further gains of 90% to 110% in the second half, but the upward momentum for low- and mid-capacity products of 128Mb and below is slowing, with price increases in the fourth quarter of 2026 estimated at between 10% and 20%.