HK Stock Market Move | INNOSCIENCE (02577) rose more than 7% in the morning. The company released a 1200V Gallium Nitride product and has achieved mass production in the field of high-power supplies.

INNOSCIENCE (02577) surged more than 7% in the morning, with a 7.24% increase at the time of writing, reaching 38.5 Hong Kong dollars, with a trading volume of 29.10 million Hong Kong dollars. On the news front, INNOSCIENCE announced the release of its self-developed 1200V Gallium Nitride (GaN) product. This product, with its wide bandgap characteristic, demonstrates significant advantages in high voltage and high frequency scenarios, and possesses the core advantage of zero reverse recovery charge, helping to further improve the efficiency and miniaturization of energy conversion systems. It can be widely used in areas such as new energy vehicles, industries, and AI data centers. The product has been mass-produced in the high-power power supply sector, as verified by the company's customers, and will be further applied in areas such as new energy vehicles and AI data centers. Caitong pointed out that INNOSCIENCE is a leading company in the global GaN industry. GaN, as a key material in the third generation of semiconductors, has excellent performance in high frequency, high efficiency, and high power density, and has broad application prospects in consumer electronics, data centers, automobiles, new energy generation, Siasun Robot&Automation, etc., continuously increasing its penetration rate. The analysts mentioned that in 2024, STMicroelectronics participated in the company's IPO issuance as a cornerstone investor, and signed a technology joint development agreement with the company in April 2025, forming a strategic synergy. In 2024, the company's overseas revenue increased by 118.1% year-on-year, accounting for 15.3%. In the future, the company is expected to further deepen its global market layout and continuously increase its market share leveraging its comprehensive advantages.