[Market performance].

Nov. 11-Nov. 15

For the week, the Shanghai Composite Index fell 3.52%, and the semiconductor sector fell 4.31%.

GigaDevice fell 6.17% this week, with a total weekly turnover of 12.644 billion yuan, and as of the close of the week, GigaDevice's share price was 89.59 yuan.

[Related information].

Interview with Li Baokui, CTO of GigaDevice: The company positions MCU as a growth business

On November 12, GigaDevice launched the EtherCAT® slave controller IC and the high-performance MCU (Micro Control Unit) with GD32G5 series Cortex-M33® core for mid-to-high-end markets such as industry and new energy, as well as a series of solutions equipped with new MCUs. Our product line includes not only NOR Flash, MCU, but also numerous other products. Among the many businesses, the MCU business is seen as an area with great growth potential. ”。 According to GigaDevice's 2024 interim report, the revenue of its storage business, microprocessor business, and sensor business is 2.605 billion yuan, 805 million yuan, and 192 million yuan, accounting for 72.18%, 22.31%, and 5.32% of the main business, respectively.

Guosen Securities: GigaDevice's epitaxial acquisition completes the product matrix, and endogenously enhances automotive MCU and storage products

Guosen Securities released a research report to comment on the third quarterly report of GigaDevice (603986), the company's revenue and profit in the third quarter increased year-on-year, optimistic about the company's gradual construction of storage/MCU/sensor + analog comprehensive solution competitiveness, according to the first three quarters of the situation slightly reduce the expense ratio, while considering the impact of mergers and acquisitions, it is expected that the company's net profit attributable to the parent company in 2024-2026 will be 1.14 billion yuan, 1.627 billion yuan, and 2.047 billion yuan (the previous value is 1.053 billion yuan, 1.563 billion yuan, 2.004 billion yuan), the corresponding PE multiples of the current stock price are 43 times, 30 times, and 24 times, maintaining the "better than the market" rating. GigaDevice's main products include memory, microcontrollers, and sensors; Among them, the memory is divided into SPINOR, SLCNAND and DRAM, the microcontroller includes ARM core and RISC-V open source core, and the sensor includes touch and fingerprint recognition chips.

[Stock price performance of companies in the same industry - semiconductors].

Code Name: Latest Price: Weekly Change, 10-Day Change, Monthly Change 002156 Tongfu Microelectronics31.16 Yuan-7.04%4.85%15.32%688981 SMIC94.91 Yuan-5.37%11.91%9.18%600584 Changdian Technology43.19 Yuan-0.96%11.92%8.19%002371 North Huachuang 422.68 Yuan-5.60%9.08%7.72% 688012 micro company: 212.20 yuan, -2.28%, 12.51%, 10.27%.

Source: Finance