Innoscience's stock surged 5.34% intraday, reflecting strong investor sentiment towards the semiconductor company.
The rally follows the company's announcement that its GaN chip sales in the AI and data center segment reached RMB 63 million in fiscal 2025, representing a significant year-over-year increase of 50.2%. Management has indicated robust downstream demand heading into 2026, driven by the rollout of high-voltage DC architectures expected to enable large-scale AI-GaN applications.
Additionally, market sentiment was bolstered by the completion of the filing for the company's H-share full circulation application with the China Securities Regulatory Commission. This development, along with the potential for inclusion in the MSCI China Small Cap Index, is seen as a medium-term structural tailwind that could improve liquidity and lead to a valuation re-rating.
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