HK Stock Market Move | Suzhou Novosense Microelectronics (02676) surged over 16% to reach a new high, achieving high revenue growth in the first quarter. Analog chips are entering an upward phase.

Suzhou Novosense Microelectronics (02676) rose more than 16% this morning, reaching a high of 220 Hong Kong dollars, setting a new record high for the company's listing. As of the time of writing, it has risen by 8.7%, reaching 205 Hong Kong dollars, with a trading volume of 197 million Hong Kong dollars. On the news front, Suzhou Novosense Microelectronics achieved operating income of 1.141 billion yuan in the first quarter of this year, a year-on-year increase of 59.17%; the net loss attributable to the company's shareholders was 35.7365 million yuan, a decrease of 30.39% year-on-year. Huachuang Securities pointed out that the analog chip industry is entering an upward phase, with the demand for new markets such as automobiles and AI resonating. Looking downstream, 1) the trend of electrification and intelligence in the automotive electronics industry continues to deepen, and the company has achieved a comprehensive layout of automotive chip products through deep cultivation. By the end of 2025, the company's cumulative shipment volume in the automotive electronics field has exceeded 1.418 billion, and the MCU+ products applied to the three major intelligent terminals of automobiles have achieved large-scale mass production and shipment for vehicle applications; 2) the AI server market is developing rapidly, driving the demand for high-density power management, high-speed data transmission and other chips. The company's high-voltage GaN driver applied to AI server power supplies has achieved mass shipments.