GigaDevice: Q3 net profit 4.209 billion yuan, up 728.93% year-on-year

GigaDevice announced that its third-quarter operating revenue was 8.732 billion yuan, up 225.65% year on year; net profit attributable to shareholders of the listed company was 4.209 billion yuan, up 728.93% year on year; net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 4.551 billion yuan, up 814.39% year on year. For the first three quarters, operating revenue was 20.297 billion yuan, up 197.11% year on year; net profit attributable to shareholders of the listed company was 11.066 billion yuan, up 921.55% year on year; net profit after deducting non-recurring gains and losses was 9.434 billion yuan, up 805.26% year on year. The performance changes were mainly due to tight supply in the memory chip industry during the reporting period, with both volume and prices of the company's memory chip products rising, and the memory business continuing to improve; multiple business product lines such as MCU continued to gain momentum, and product shipment scale also achieved good growth.