GigaDevice reported first-half operating revenue of RMB 11.57 billion, up 178.67% year over year, while net profit attributable to shareholders surged 1,091.50% to RMB 6.86 billion. Net profit excluding non-recurring items rose 796.90% to RMB 4.88 billion, basic earnings per share reached RMB 9.83, and the board resolved not to declare an interim dividend. The company said earnings growth was driven by tight memory chip supply that lifted both volumes and prices for memory products, stronger microcontroller shipments across industrial, consumer and automotive markets, and a rise in fair value gains on securities investments. Net cash flow from operating activities increased 531.47% from a year earlier as sales collections and procurement spending grew with the business. GigaDevice said total assets rose 98.19% year over year and net assets attributable to shareholders increased 96.15%, helped by accumulated profits, higher other comprehensive income tied to equity investment valuations, and capital reserves from its 2025 H-share listing. First-half research and development spending climbed 40.72% to RMB 966 million. The earnings release was followed by a pullback in Hong Kong trading, with GigaDevice's H-shares closing down 6.588% at HK$36.5. Market analysts said the decline may reflect profit-taking or investor focus on the gap between reported profit and profit excluding non-recurring items, indicating that fair value changes and other non-operating gains made a meaningful contribution to headline earnings.