HK Stock Market Move | OmniVision Integrated Circuits Group, Inc. (00501) rises over 6%, plans to repurchase up to RMB 500 million of A-shares; the company's analog and display businesses continue to grow.

OmniVision Integrated Circuits Group, Inc. (00501) rose over 6%, up 6.77% as of press time to HK$67.05, with a turnover of HK$12.8544 million. On the news front, on October 16, OmniVision Integrated Circuits Group, Inc. announced that, based on its firm confidence in the company's future development prospects and high recognition of the company's long-term value, and in order to safeguard the interests of the broad investor base, especially small and medium-sized investors, and enhance investor confidence, the company plans to use its own funds and/or self-raised funds to repurchase part of its A-share public shares through centralized bidding, for the purpose of implementing an employee shareholding plan or equity incentive plan. The repurchase price shall not exceed RMB 120 per share (inclusive), and the total proposed repurchase amount shall be no less than RMB 250 million (inclusive) and no more than RMB 500 million (inclusive). Changjiang noted that in the first half of 2026, OmniVision Integrated Circuits Group, Inc.'s analog solutions business revenue was RMB 898 million, up 17.09% year on year, of which automotive analog IC revenue was RMB 200 million, up 66.51% year on year, becoming an important incremental driver for the analog segment. As intelligent driving and smart cockpits increase demand for chips such as power management, signal transmission, and sensor interfaces, the company's automotive-grade product matrix continues to improve, and some new products have entered customer validation. The bank believes that in the first half of the year, the company's display solutions revenue was RMB 519 million, up 12.94% year on year, and TED, OLED DDIC, and automotive display drivers are expected to bring structural opportunities.