Zhongtai Securities released a research report on April 21 stating that it maintains the GigaYi Innovation (603986.SH) purchase rating. The main reasons for the rating include: 1) the 2024Q1 off-season but outstanding performance, with revenue growth of 19%, breaking out of the trough, and crossing the low point; 2) issuing incentive plans to concentrate executives and core cadres to highlight long-term development confidence; 3) DRAM business has accelerated growth over 24 years, enjoying large space+high flexibility; 4) SLCNAND and NOR price increase trends are highlighted; 5) 2023Q4 MCU has begun to stabilize and continue to pay attention to the pace of price increases and profit recovery. Attitude and industry competition. (Mainichi Keizai Shimbun)