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Results: Giga Device Semiconductor Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts
Giga Device Semiconductor's H1 Attributable Profit Jumps 54%; Shares Fall 5%
Gigadevice Semiconductor Inc. 2024 Half-Year Report
Gigadevice Semiconductor Inc. Summary of Half-Year Report in 2024.
Selected Notice from Gelonghui: Gigadevice Semiconductor Inc. had a net income of 517 million yuan in the first half of the year, a year-on-year increase of 53.88%; China Telecom had a net income of 21.8 billion yuan in the first half of the year, a year-
[Contract Projects] Jianyi Decoration Group (002789.SZ): intends to establish a joint venture to implement an annual production of 3,000 tons of monocrystalline silicon rod project. Inner Mongolia Diantou Energy Corporation (002128.SZ): plans to invest in the sixth phase of Huolinhe Circular Economy Demonstration Project, a continuation of the construction of a 200MW wind power project. [Contract Award] CHN Energy Changyuan Electric Power (000966.SZ): CNPG Water Affairs was awarded the EPC project for the transformation of Qing Shan Company Changyuan Electric Power Qing Shan thermal power desulfurization end wastewater treatment. Harbin Boshi Automation (002698.SZ): signed a commercial contract worth CNY 81.16 million. Dongzhu Ecological Environment Protection (603359.SH): consortium is expected to win the bid for Sha Yang Wuli.
Gigadevice Semiconductor Inc. (603986.SH): Net income in the first half of the year was 517 million yuan, an increase of 53.88% year-on-year.
Gigadevice Semiconductor Inc. (603986.SH) announced the 2024 interim report, with a revenue of 3.609 billion yuan and a year-on-year growth of 21.69%; net income attributable to shareholders of the listed company was 0.517 billion yuan, a year-on-year increase of 53.88%; net income attributable to shareholders of the listed company after deducting non-recurring gains and losses was 0.473 billion yuan, a year-on-year increase of 71.87%; basic earnings per share were 0.78 yuan. The year-on-year growth of revenue during the reporting period was 21.69%, mainly due to the gradual elimination of low market demand and inventory after 2023.
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