GigaDevice Semiconductor (603986) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 reached RMB 1.91 billion, up 17.32% year-over-year, driven by increased demand in consumer and storage sectors, as well as growth in network communications.

• Net profit attributable to shareholders was RMB 234.63 million, a 14.57% increase year-over-year.

• Adjusted net profit (excluding non-recurring items) rose 21.83% year-over-year to RMB 223.86 million.

Financial highlights

• Operating income for Q1 2025 was RMB 1.91 billion, up from RMB 1.63 billion in Q1 2024.

• Net profit attributable to shareholders increased to RMB 234.63 million from RMB 204.79 million year-over-year.

• Basic and diluted EPS both rose to RMB 0.35, up 12.90% year-over-year.

• Operating cash flow dropped 46.48% year-over-year to RMB 335.85 million, mainly due to higher year-end bonus payments.

• Total assets at quarter-end were RMB 19.47 billion, up 1.24% from year-end 2024.

Outlook and guidance

• Growth attributed to national stimulus measures and robust demand in consumer and storage markets, with AIPC and network communications also contributing.