GigaDevice plans to issue H shares to accelerate global expansion

GigaDevice announced on May 20 that it plans to issue H shares and list on the main board of the Hong Kong Stock Exchange to promote its globalization strategy. The move aims to strengthen overseas business, enhance the international brand image, and enhance the company's core competitiveness. In 2024, the company achieved revenue of 7.356 billion yuan, a year-on-year increase of 27.69%. Net profit attributable to the parent company reached 1.103 billion yuan, a year-on-year surge of 584.21%.