HK Stock Market Move | Suzhou Novosense Microelectronics (02676) rises more than 5% to a record high. The company is a leading producer of automotive analog chips, benefiting from the trend of domestic substitution of high-end analog chips.

Suzhou Novosense Microelectronics (02676) rose by more than 5% during intraday trading, reaching a high of 118.4 Hong Kong dollars, setting a new record high. As of the time of writing, it has increased by 4.83% to 117.3 Hong Kong dollars, with a trading volume of 35.37 million Hong Kong dollars. According to the prospectus, Suzhou Novosense Microelectronics operates in a fabless model, focusing on chip research and design, while outsourcing wafer manufacturing to external wafer factories and most of the packaging testing to third-party packaging testing service providers. According to Frost & Sullivan data, based on analog chip revenue in 2024, the company ranks 14th among all analog chip companies in the Chinese analog chip market (with a market share of 0.9%) and fifth among all analog chip companies in China. Founder released a research report stating that Suzhou Novosense Microelectronics, as a leader in automotive analog chips, significantly benefits from the trend of domestic substitution of high-end analog chips. With the accelerated volume production of high-value products such as SerDes chips driving continuous improvement in gross profit margins, and the synergies brought by the acquisition of Micron gradually becoming apparent, the company has strong growth momentum.