HK Stock Market Move | Suzhou Novosense Microelectronics (02676) increased by over 7%. It is reported that the analog chip giant is raising prices again. Analog manufacturers are expected to see profit release.

Suzhou Novosense Microelectronics (02676) rose more than 7%, reaching a 7.22% increase at the time of writing, to HK$138.1, with a turnover of HK$26.63 million. In terms of news, according to the Financial Association, sources in the electronic component supply chain revealed that Texas Instruments (TI) has raised the prices of some semiconductor products starting from April 1st. This price adjustment may affect TI's analog and embedded product lines. Some distributors have stated that the price increase could range from 15% to 85%. Southwest believes that with overseas analog giants raising prices consecutively, the price war lasting for two and a half years is officially coming to an end, and analog manufacturers are expected to enter into a period of profit release. Additionally, Suzhou Novosense Microelectronics previously announced that its total operating revenue for the year was about RMB 3.368 billion, a year-on-year increase of 71.80%; the net loss attributable to the company's owner was approximately RMB 241 million, a year-on-year decrease of 40.2%. On the revenue side, the recovery of downstream market demand, the mass production of new products, and the merger with Maigene drove the group's shipment volume and operating revenue to achieve a substantial increase; on the expense side, the company continued to deepen lean management and organizational efficiency, with the overall expense ratio of the company's operating income decreasing, driving improvement in profitability.