Giga Device Semiconductor Hits Day High with 6.53% Surge in Stock Price

Giga Device Semiconductor, Inc. has experienced a significant uptick in its stock performance, gaining 6.53% on February 24, 2026. The stock reached an intraday high of CNY 331.16, showcasing its strong market activity. Over the past week, Giga Device has surged by 16.98%, and its one-month performance stands at an impressive 22.6%. In the context of the broader market, Giga Device's performance contrasts sharply with the China Shanghai Composite, which has seen a decline of 1.26% on the same day. Over the past year, Giga Device has delivered a remarkable return of 153.02%, significantly outperforming the composite index's 22.49% gain. Key financial metrics indicate a robust operational framework, with the company reporting a highest operating cash flow of CNY 2,266.21 million and a return on capital employed (ROCE) of 7.92%. Despite a high price-to-earnings ratio of 109.00, Giga Device's growth trajectory remains notable, with a net profit increase of 48.97% reported in September. The company continues to demonstrate strong performance indicators, solidifying its position in the Other Electrical Equipment industry.