GigaDevice Semiconductor (603986) Q4 2025 earnings summary

Executive summary

• Achieved revenue of RMB 9.20 billion in 2025, up 25.12% year-over-year, driven by industry recovery, AI adoption, and diversified product strategy.

• Net profit attributable to shareholders reached RMB 1.65 billion, up 49.47% year-over-year, with strong growth in storage, MCU, and analog segments.

• Proposed cash dividend of RMB 7.50 per 10 shares, totaling RMB 525 million, representing 31.88% payout ratio.

• Maintained robust R&D investment, with R&D expenses at RMB 1.40 billion, 15.26% of revenue.

Financial highlights

• Operating income: RMB 9.20 billion, up 25.12% year-over-year.

• Net profit attributable to shareholders: RMB 1.65 billion, up 49.47% year-over-year.

• Gross margin: 40.21%, up 2.21 percentage points year-over-year.

• Basic EPS: RMB 2.48, up 49.40% year-over-year.

• Operating cash flow: RMB 2.13 billion, up 4.74% year-over-year.

• Net assets: RMB 19.01 billion, up 15.21% from prior year-end.

Outlook and guidance

• Industry expected to continue expansion, with AI and automotive electronics as key growth drivers.

• Company aims to further increase market share in storage, MCU, and analog, and accelerate internationalization.

• 2026 focus: strengthen supply chain resilience, invest in R&D, and leverage dual A+H capital platform.