[Memory Chip Stocks Hit by Wave of Limit-Downs; GigaDevice Responds: This Round of Price Adjustment Strongly Correlated with External Markets]

Published: Jul 13, 2026 16:39

Save

GigaDevice, the "storage king," hit its daily price limit down. At the close, the stock was reported at CNY 550.8 per share, having fallen over 30% since June 30, with a total market capitalization of CNY 386.4 billion. Notably, on the same day, the storage chip sector to which GigaDevice belongs also plunged collectively. At the close, Shannon Semi hit its 20% daily price limit down, and many popular stocks such as Wuxi Taiji Industry, Demingli, and Shenzhen Kaifa Technology hit their 10% daily price limit down. In response, a GigaDevice representative stated that this round of stock price adjustment has a strong correlation with external market movements, "The magnitude of our company's current stock price decline is similar to that of SK Hynix; basically both are down over 30% now. We are all in the storage business, and the upward trends were also similar before." Regarding market concerns about the company's business, the representative noted, "The earnings forecast is the most convincing proof of our performance.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

17 mins ago

JCC Group Achieves Record $315B Revenue in H1, Exceeding Targets with Tech and Industrial Innovation

On July 12, *Jiangxi Daily* published a front-page headline report titled "More Than 300 Billion Yuan! JCC's H1 Revenue Hits New High," with a focus on JCC Group's deep integration of technological innovation and industrial innovation. From January to June this year, JCC achieved operating revenue of 315 billion yuan, a record high for the same period, and successfully met its double-over-half target.

17 mins ago

23 mins ago

Harbin AC Forecasts Increased Loss for H1 2026 Due to Geopolitical Tensions

Harbin Air Conditioning announced that it expects its net profit attributable to owners of the parent company for the first half of 2026 to be between -48 million yuan and -57 million yuan, compared with -7.6431 million yuan in the same period last year, representing an increased loss; and its non-recurring net profit attributable to owners of the parent company to be between -48.5 million yuan and -57.5 million yuan. The expected loss is mainly due to the impact of Middle East geopolitical dist

23 mins ago

1 hour ago

[Desay Battery: Estimates H1 Net Profit Up 101.96%–125.54% YoY]

Desay Battery announced that it expects net profit for H1 2026 to be between 197 million yuan and 220 million yuan, up 101.96%–125.54% YoY. During the reporting period, the company's two strategic emerging businesses, energy storage battery cells and SIP (system-in-package), performed well: With sufficient orders and high capacity utilization rate, the energy storage battery cell business achieved a substantial operational improvement and turned losses into profits; the SIP business saw an increase in gross profit margin and continuous improvement in profitability.

1 hour ago