Movement Alert|GigaDevice Rises 3.78% in Regular Trading, Stock Incentive Exercise Yields RMB 7.14 Billion Profit Reflecting Strong Insider Confidence

Market Focus
Jun 22

On June 22, GigaDevice (03986.HK) rose 3.78% in regular trading, trading at HKD 969.0/share, with turnover of HKD 473 million. On the news front, the company recently disclosed the exercise results of the second tranche of its 2024 stock option incentive plan, with 37 employees exercising a total of 1.25 million shares at an exercise price of RMB 58.09/share.

Based on the latest stock price, total profit from the exercise reached approximately RMB 7.14 billion, with per-capita gains of RMB 19.28 million, signaling strong insider confidence in future business prospects and boosting market sentiment. Meanwhile, the storage chip sector continues to experience tight supply-demand conditions, with the company reporting Q1 net profit growth of 522.79% year-over-year and gross margin improving to 57.08%, reinforcing robust fundamental momentum.

(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.)

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