GigaDevice Semiconductor Inc. saw its net profit attributable to shareholders jump 1091.50% year-on-year to 6.857 billion yuan in the first half of 2026, driven by rising volumes and prices of its storage chip products.

Renowned investor Ge Weidong and his concerted action partner Wang Ping both increased their positions in GigaDevice during the second quarter of 2026, according to the company's semi-annual report disclosed on the evening of August 18. Ge added 185,100 shares, while Wang purchased 1.0327 million shares during the period.

Ge's move comes amid heightened volatility in the technology sector. He had previously stated: "I believe this isn't over yet — anyone who pauses will face a dimensionality-reduction strike next."

Where the buying happened

By the end of the second quarter of 2026, Ge Weidong held 16.4467 million shares of GigaDevice, up from 16.2616 million shares at the end of the first quarter. Wang Ping's holdings increased to 8.6059 million shares from 7.5732 million shares over the same period.

Reviewing the period from the first quarter of 2025 through the second quarter of 2026, Ge only added to his position in the second quarter of 2026. He had previously reduced his stake in the third quarter of 2025 by 1.6953 million shares and again in the first quarter of 2026 by 765,100 shares, with no other transactions during the remaining quarters.

Wang Ping first entered GigaDevice's top ten shareholders list in the fourth quarter of 2025, becoming the eighth-largest shareholder with 7.5567 million shares. She has since continued accumulating shares, adding 16,500 shares in the first quarter of 2026 and 1.0327 million shares in the second quarter.

Explosive earnings growth in H1

For the first half of 2026, GigaDevice reported net profit attributable to shareholders of 6.857 billion yuan, a year-on-year increase of 1091.50%. Non-GAAP net profit reached 4.883 billion yuan, up 796.90% year-on-year.

In the first quarter alone, net profit attributable to shareholders stood at 1.461 billion yuan, up 522.79% year-on-year, with non-GAAP net profit of 1.410 billion yuan, up 529.90%.

This translates to second-quarter net profit attributable to shareholders of 5.396 billion yuan, representing a 269.24% sequential increase, while non-GAAP net profit came in at 3.473 billion yuan, up 146.30% quarter-on-quarter.

The company attributed the strong performance to tight supply conditions in the storage chip industry, which drove both higher volumes and prices for its storage products, improving profitability in that segment. Additionally, its microcontroller products benefited from demand across industrial, consumer, and automotive sectors, contributing to increased shipment volumes.

Cash flow from operating activities reached 6.048 billion yuan by the end of the second quarter of 2026, up 531.47% year-on-year, mainly due to increased net cash inflows from sales collections and procurement payments.

GigaDevice, which listed on the Shanghai Stock Exchange's main board on August 18, 2016, focuses on the research, development, technical support, and sales of memory, microcontrollers, sensors, and analog chips. As of the close on August 18, its A-share price stood at 436.74 yuan per share, down 1.64%, giving the company a total market capitalization of 306.8 billion yuan.