On the evening of May 26, GigaDevice disclosed that its controlling shareholder and de facto leader, Zhu Yiming (who concurrently holds the position of chairman at Changxin Technology, slated for an IPO review on the STAR Market on May 27), had, between May 11 and 25, 2026, cumulatively offloaded around 6.3299 million shares of the company via both centralized bidding and block trading. This represented a 0.90% reduction in the total share capital. Following this transaction, the combined shareholding of Zhu Yiming and his affiliated entities dropped from 7.90% to 7.00%, crossing the 1% threshold for significant equity changes. This move was in line with a previously announced plan that aimed to divest no more than 11.21 million shares, or 1.60% of the total share capital, a plan that remains partially unexecuted.

In terms of financial performance, GigaDevice reported a revenue of RMB 9.2 billion in 2025, marking a 25% year-on-year surge. Its net profit attributable to the parent company soared to RMB 1.648 billion, reflecting a 49.47% increase from the previous year. For the first quarter of 2026, the company's revenue climbed to RMB 4.188 billion, a 119.38% jump year-on-year, while the net profit attributable to the parent company skyrocketed to RMB 1.461 billion, up 522.79% from the same period last year. This robust growth was primarily driven by an improved industry landscape, effective strategy execution, and technological advancements.

Furthermore, GigaDevice clarified that its 1.80% stake in Changxin Technology is relatively minor and does not grant it significant influence over Changxin Technology's production and operational decisions. As of the market close on May 26, GigaDevice's A-share price stood at RMB 526.22 per share.