GigaDevice announced that its wholly-owned subsidiary, GigaDevice Semiconductor (Zhejiang) Co., Ltd., has recently received RMB 60 million in government grants. These grants are related to earnings and account for 32.12% of the company's audited net profit for the most recent fiscal year. The grants have not yet been audited, and the specific accounting treatment and their impact on the company's profits and losses will be subject to the annual audit results of the auditing firm.
