New Stock News | Suzhou Novosense Microelectronics (688052.SH) Hong Kong IPO approved by China Securities Regulatory Commission.

On October 21st, the International Cooperation Department of the China Securities Regulatory Commission issued a notice on the overseas issuance and listing filing of Suzhou Novosense Microelectronics Co., Ltd. (688052.SH). Suzhou Novosense Microelectronics plans to issue no more than 40,976,900 shares of overseas listed common stock and list on the Hong Kong Stock Exchange. The prospectus shows that Suzhou Novosense Microelectronics is a leading analog chip provider in China. As a fabless company, the company provides rich, high-performance, and highly reliable products and solutions around applications such as automotive electronics, general energy, and consumer electronics. The company's sensor products, signal chain chips, and power management chips constitute a complete system link from perception, signal processing to system power supply and power drive, playing a crucial role in the connection and interaction between the real world and the digital world. According to Frost & Sullivan data: based on the 2024 analog chip revenue, the company ranks fifth among Chinese manufacturers in the Chinese analog chip market; as of December 31, 2024, among the top ten Chinese analog chip manufacturers in 2024 based on analog chip revenue, the company is the only company focusing on sensor products, signal chain chips, and power management chips; based on the 2024 automotive analog chip revenue, the company ranks first among Chinese manufacturers in the Chinese automotive analog chip market and second among all fabless manufacturers. Based on the 2024 revenue of digital isolation chips, the company ranks first among Chinese manufacturers in the Chinese digital isolation chip market and second among all manufacturers, with a market share of 15.6%. Digital isolation chips are a safety standard chip that ensures signals can be safely transmitted between high and low voltages; based on the 2024 revenue of magnetic sensors, the company ranks first among Chinese manufacturers in the Chinese magnetic sensor market, with a market share of 7.1%. Thanks to the rapid growth in demand in fields such as automotive and industrial control, magnetic sensors have become one of the fastest-growing categories in sensor products.