GigaDevice Buyback Hits 3.01M Shares, RMB 1.115B Spent

The detail that matters here is the cancellation: these shares will be retired to shrink registered capital, a structure that lifts per-share metrics rather than parking stock for later resale or employee plans. The wide execution band, from RMB 271.43 to RMB 411.95, suggests the program ran through a volatile stretch rather than a single dip, so the average price carries more signal than the headline total. How much of the authorized buyback remains, and whether cancellation continues as the preferred use of cash, is the open question for holders tracking capital-return discipline.