HK Stock Market Move | Suzhou Novosense Microelectronics (02676) rose over 7% after announcing a positive earnings forecast, with expected net profit attributable to shareholders for the first half of the year around 67 million yuan. The company is steadily expanding its sales scale.

Suzhou Novosense Microelectronics (02676) rose over 7% after the positive earnings forecast, and as of the time of writing, it has increased by 5.86%, reaching HKD 159, with a trading volume of HKD 11.2257 million. On August 13, Suzhou Novosense Microelectronics announced that, according to preliminary calculations by the finance department, the company expects to achieve operating revenue of approximately RMB 2.54 billion in the first half of 2026, an increase of around RMB 1.016 billion compared to the same period last year, representing a year-on-year growth of approximately 66.70%. The company anticipates a net profit attributable to shareholders of the parent company of around RMB 67 million, an increase of approximately RMB 145 million compared to the same period last year, moving from a loss to a profit. The announcement stated that the revenue growth in the first half of 2026 is mainly attributed to: on the demand side, benefiting from the recovery of domestic demand and the accelerated overseas expansion of light storage/automotive, as well as the explosive growth in AI computing infrastructure demands. The customer demand in downstream sectors such as automotive electronics, server power supplies, photovoltaic and energy storage, and industrial automation is rapidly increasing, leading to a significant rise in the shipment volumes of relevant products; on the product side, the company continues to focus on product R&D around downstream application scenarios, continuously enriching its matrix of semiconductor products and solutions, with an increasing number of models available for sale and steady expansion of sales scale; and on the market side, the companys strategic expansion of overseas business is ongoing, with the income contribution from overseas customers steadily increasing.