New stock news | Suzhou Novosense Microelectronics (02676) received HK$3.45 billion in margin financing from securities firms, oversubscribed by 14.6 times.

Domestic leading analog chip company Suzhou Novosense Microelectronics (02676) will be listed from November 28th to December 3rd. The company plans to issue 19.068 million H shares, with 10% for public sale in Hong Kong, at a maximum offer price of HK$116, raising up to HK$2.21 billion. As of Wednesday (December 3rd), Suzhou Novosense Microelectronics has received margin financing of HK$3.45 billion from securities firms, exceeding the public offering amount by 14.6 times. Suzhou Novosense Microelectronics will be traded in lots of 100 shares, with an entry fee of approximately HK$11,717 per lot. The company is expected to be listed for trading on December 8th, with CICC, CITIC Securities, and ICBC International as joint sponsors. According to the prospectus, Suzhou Novosense Microelectronics operates in a fabless model, focusing on chip research and design, while outsourcing wafer manufacturing to external wafer factories and most of the packaging testing to third-party packaging and testing service providers. The company provides rich, high-performance, and high-reliability products and solutions in application areas such as (i) automotive electronics, (ii) general energy, and (iii) consumer electronics. The company's sensor products, signal chain chips, and power management chips constitute a complete system chain link from (i) sensing, (ii) signal processing to (iii) system power supply and power drive, playing a key role in the connection and interaction between the real world and the digital world. According to Frost & Sullivan data, based on analog chip revenue in 2024, the company ranks 14th among all analog chip companies in the Chinese analog chip market (with a market share of 0.9%) and ranks fifth among Chinese analog chip companies. In terms of finances, for the fiscal years ending June 30, 2022, 2023, 2024, and the six months ending June 30, 2025, Suzhou Novosense Microelectronics achieved revenues of approximately RMB 1.67 billion, RMB 1.31 billion, RMB 1.96 billion, and RMB 1.52 billion respectively; during the same period, the annual/interim comprehensive income amounts were approximately RMB 250 million, - RMB 305 million, - RMB 404 million, and - RMB 75.586 million respectively. Suzhou Novosense Microelectronics introduced 7 cornerstone investors in this IPO, including Yuanhe Naxin, BYD Company Limited (01211) wholly-owned subsidiary Golden Link, Haoyide International, Perseverance Asset Management, 3W Fund, Xiaomi (01810) wholly-owned subsidiary Green Better, and Dream'ee HK Fund, with a total subscription amount of HK$1.09 billion.