HK Stock Market Move | INNOSCIENCE (02577) rose more than 5% in the afternoon, and the H-share full circulation filing was approved. The proportion of H-shares will soar to over 98%.

INNOSCIENCE (02577) rose more than 5% in the afternoon, up 4.8% as of press time, at HK$57.85, with a turnover of HK$2.89 billion. On the news front, INNOSCIENCE announced that the company has received a filing notice from the China Securities Regulatory Commission regarding the full circulation of H shares. According to the filing notice, a total of approximately 374 million shares of domestically unlisted shares held by 35 shareholders (accounting for 40.85% of the total share capital) have been approved for conversion into H shares and listing for trading on the Main Board of the Stock Exchange. After completion, INNOSCIENCE's H share capital will increase to approximately 899 million shares, accounting for over 98% of the total. Bank of America Securities released a report stating that during the analyst briefing following the fiscal year 2025 performance, INNOSCIENCE management indicated that as the penetration rate of gallium nitride (GaN) increases in various end markets, downstream demand will be strong in 2026. Management expects total revenue for the fiscal year 2026 to reach between 2 to 2.5 billion dollars, with a year-over-year growth of 65% to 106%, and gross profit margin is expected to further increase to above 15%.