HK Stock Market Move | Suzhou Novosense Microelectronics (02676) rose more than 5% with the implementation of the company's equity incentive plan after 26 years. The demand from server power customers has significantly increased.

Suzhou Novosense Microelectronics (02676) rose more than 5%, as of the time of writing, rising 4.77% to HKD 197.8, with a turnover of HKD 64.3543 million. In terms of news, recently, Suzhou Novosense Microelectronics disclosed the 2026 A-share restricted stock incentive plan (draft). Changjiang pointed out that the company granted 465,000 restricted stocks to 528 incentive recipients (1 core technical personnel, 527 middle management personnel, key personnel, and other employees) at a grant price of 139.87 yuan per share, accounting for 0.29% of the total share capital of the company. The company-level performance indicators include operating income, with target values for 2026-2028 of 4.5 billion, 5.5 billion, and 6.8 billion respectively, and trigger values of 4.05 billion, 4.95 billion, and 6.12 billion respectively. The bank believes that the company's equity incentive has been implemented in 2026, binding core employees, and sustainable growth is expected. On the business side, Changjiang pointed out that in Q1 of 2026, benefiting from the continuous recovery of traditional downstream markets such as automotive electronics and wide energy, coupled with significant growth in demand from server power customers and stable growth in automotive electronics demand. Currently, the company's automotive electronics have achieved widespread coverage of mainstream car manufacturers, with breakthroughs in products for applications in areas such as body electronics, intelligent lighting, thermal management, smart cabins, and chassis safety. In the wide energy field, during the reporting period, there was a significant growth in power module, mainly due to the strong growth in demand for AI servers, the company provided driving, isolation chips, MCU, and other products for the primary and secondary power PSU of servers, and some products have achieved mass production breakthroughs for domestic and foreign server power customers.