On August 27, GIGADEVICE rose 3.57% in regular trading, trading at HK$498.2/share, with turnover of HK$336 million.

On the news front, the company repurchased 257,500 A-shares on August 26, spending approximately RMB 101 million at a price range of RMB 384.91 to RMB 397.81 per share. Since launching its buyback program on August 21, the company has conducted consecutive daily repurchases totaling over RMB 500 million, signaling management's strong confidence in the company's intrinsic value. The buyback plan, approved by shareholders on August 20, authorizes RMB 1-2 billion in share repurchases for cancellation.

Fundamentally, the company reported H1 attributable net profit of RMB 6.857 billion, surging 1,091.5% year-over-year, with Q2 standalone net profit up 1,483%. Management indicated that niche DRAM prices remain in an uptrend and are expected to continue rising moderately in H2. The broader semiconductor sector also strengthened, with peers including Montage Technology up 3.73%, SMIC up 2.01%, and Biren Tech up 6.55%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)