Core Viewpoint - InnoTek (02577.HK) has successfully integrated a new generation 6.6kW On-Board Charger (OBC) system using 650V Gallium Nitride (GaN) technology in Changan Automobile, setting a new benchmark for charging efficiency and power density in vehicle power supply technology [1] Group 1: Company Developments - InnoTek's new 6.6kW GaN OBC system has been successfully installed in Changan Automobile, marking a significant milestone in the application of GaN technology in vehicle power systems [1] - The new OBC product from Suzhou Huichuan United Power System Co., Ltd. (stock code: 301656) integrates OBC with on-board DC-DC converters, optimizing overall efficiency and enhancing charging performance [1] - The collaboration between InnoTek and United Power represents a pioneering step in the electric vehicle sector, aiming to drive the industry towards more efficient and sustainable solutions [1] Group 2: Industry Impact - The successful deployment of the GaN OBC system signifies a breakthrough in the application of GaN technology within the automotive power supply industry [1] - The advancements in charging efficiency and power density are expected to set new standards for the electric vehicle market, promoting further innovation and development [1]

Core Viewpoint - InnoLux (02577) shares rose nearly 7%, closing at HKD 86.1 with a trading volume of HKD 361 million, following the announcement of a memorandum of understanding with ON Semiconductor to explore opportunities in the GaN power device market [1] Group 1: Strategic Partnership - ON Semiconductor and InnoLux have signed a memorandum of understanding to collaborate in the GaN power device market [1] - The partnership will initially focus on power devices ranging from 40-200V to enhance customer adoption rates [1] Group 2: Technological Integration - InnoLux will leverage its mature 8-inch silicon-based GaN technology, integrating its advanced manufacturing capabilities with ON Semiconductor's expertise in system packaging and integration [1] - This collaboration aims to accelerate the deployment of GaN technology in key sectors such as electric vehicles, artificial intelligence, data centers, and industrial applications [1] Group 3: Financial Outlook - The strategic partnership is expected to generate several hundred million dollars in GaN sales for InnoLux over the coming years [1] - The collaboration is anticipated to provide both companies with a competitive edge in market expansion within the aforementioned critical sectors [1]

Core Viewpoint - InnoLux (02577) has seen a nearly 7% increase in stock price following the announcement of a memorandum of understanding with ON Semiconductor to explore opportunities in the GaN power device market [1] Group 1: Partnership and Market Strategy - ON Semiconductor plans to start providing samples in the first half of 2026, focusing initially on 40-200V power devices to enhance customer adoption rates [1] - The collaboration aims to integrate InnoLux's advanced GaN manufacturing capabilities with ON Semiconductor's expertise in system packaging and integration, accelerating the deployment of GaN technology in key sectors such as electric vehicles, artificial intelligence, data centers, and industrial applications [1] Group 2: Financial Implications - The strategic partnership is expected to generate several hundred million dollars in GaN sales for InnoLux over the coming years, providing both companies with a competitive edge in market expansion within the targeted sectors [1]

Core Viewpoint - InnoLux (02577) shares rose nearly 7%, currently up 6.49% at HKD 86.1, with a trading volume of HKD 361 million, following a memorandum of understanding signed with ON Semiconductor to explore opportunities in the gallium nitride (GaN) power device market [1] Group 1: Strategic Partnership - ON Semiconductor and InnoLux have signed a memorandum of understanding to target the GaN power device market [1] - The collaboration will initially focus on power devices ranging from 40-200V to enhance customer adoption [1] - The partnership aims to leverage InnoLux's mature 8-inch silicon-based GaN technology and ON Semiconductor's expertise in system packaging and integration [1] Group 2: Market Opportunities - The strategic cooperation is expected to generate several hundred million dollars in GaN sales for InnoLux over the coming years [1] - The collaboration is positioned to provide both companies with a competitive edge in key sectors such as electric vehicles, artificial intelligence, data centers, and industrial applications [1]

Core Viewpoint - InnoLux (02577) has seen its stock price increase by over 20% this month, with a current price of 82.35 HKD, following a strategic partnership with ON Semiconductor to advance the application of Gallium Nitride (GaN) technology in various industries [1]. Group 1: Company Developments - InnoLux and ON Semiconductor announced a strategic collaboration on December 3, aimed at accelerating the application and layout of GaN technology [1]. - The partnership will integrate InnoLux's advanced GaN manufacturing capabilities with ON Semiconductor's expertise in system packaging and integration [1]. - This collaboration is expected to generate hundreds of millions of dollars in GaN sales over the next few years, providing both companies with a competitive edge in key markets such as electric vehicles, artificial intelligence, and data centers [1]. Group 2: Industry Trends - Recent reports indicate that the robotics sector is increasingly focusing on GaN drivers as a core component for actuators [1]. - Leading robotics manufacturers, such as Shanghai Zhiyuan Robotics, have begun incorporating InnoLux's GaN chips into critical areas of humanoid robots, marking GaN devices as essential for the robotics industry [1]. - Analysts recommend monitoring companies that are leading the GaN driver market, including upstream GaN power device manufacturers like InnoLux [1].

消息面上，12月3日，英诺赛科与安森美半导体共同宣布，双方达成战略合作，共同加速推进氮化镓产 业的应用与布局。此次战略合作，将通过晶圆采购等方式，整合英诺赛科成熟先进的氮化镓制造能力及 安森美在系统封装与集成等领域的经验和优势，加速推动氮化镓在新能源汽车、人工智能、数据中心， 工业等领域的快速落地。此次合作，有望在未来几年将带来数亿美元的氮化镓销售，并为合作双方在上 述关键领域的市场开拓与布局带来先机。 英诺赛科(02577)涨超7%，本月股价累涨超两成。截至发稿，涨6.95%，报82.35港元，成交额3.56亿港 元。 值得一提的是，近期机器人领域催化不断。国盛证券（002670）近期研报指出，机器人下一个方向为执 行器GaN驱动。目前头部整机研发企业和聚焦核心部件的厂商已明确将氮化镓驱动器作为核心组件。头 部具身智能厂商上海智元机器人已经在脖子、手肘等关键部位开始搭载英诺赛科的氮化镓芯片，标志着 GaN器件正式成为人形机器人产业的"功率神经"。该行建议关注国内外领先布局GaN驱动的厂商，包括 上游GaN功率器件公司英诺赛科等。 ...

Company Overview - Jiangsu Diaowei Electronics Co., Ltd. is located in Shanghai and was established on February 5, 2010. The company went public on August 23, 2022, and specializes in the research, design, and sales of high-performance analog chips [1][2]. Financial Performance - For the period from January to September 2025, the company achieved a revenue of 457 million yuan, representing a year-on-year growth of 11.41%. However, the net profit attributable to shareholders was -24.28 million yuan, a decrease of 232.46% compared to the previous year [2]. - Since its A-share listing, the company has distributed a total of 153 million yuan in dividends [3]. Stock Performance - As of November 28, the company's stock price increased by 2.06%, reaching 24.23 yuan per share, with a total market capitalization of 5.997 billion yuan. The stock has risen by 27.04% year-to-date [1]. - Over the last five trading days, the stock price increased by 9.49%, while it decreased by 2.81% over the last 20 days and increased by 2.41% over the last 60 days [1]. Shareholder Information - As of September 30, the number of shareholders increased to 16,000, up by 3.00% from the previous period. The average number of circulating shares per person is 11,955, an increase of 1.32% [2]. Market Position - The company operates within the semiconductor industry, specifically in the analog chip design sector. It is involved in various concept sectors, including automotive chips, sensors, analog chips, AI smartphones, and gallium nitride [2]. Capital Flow - On November 28, the net inflow of main funds was 2.49 million yuan, with large orders accounting for 27.28% of total purchases. The company has appeared on the trading leaderboard twice this year, with the most recent occurrence on August 19, where the net buy was -20.36 million yuan [1].

Core Viewpoint - Northern Huachuang's stock price has shown significant growth this year, with a year-to-date increase of 49.15%, indicating strong market performance and investor interest [1][2]. Group 1: Stock Performance - As of November 28, Northern Huachuang's stock price reached 430.80 CNY per share, with a trading volume of 7.86 billion CNY and a market capitalization of 312.10 billion CNY [1]. - The stock has experienced a 11.36% increase over the last five trading days, a 5.83% increase over the last 20 days, and an 8.53% increase over the last 60 days [1]. - The company has appeared on the "龙虎榜" (a stock trading list) once this year, with the most recent appearance on September 24, where it recorded a net buy of -866.20 million CNY [1]. Group 2: Financial Performance - For the period from January to September 2025, Northern Huachuang reported a revenue of 27.30 billion CNY, representing a year-on-year growth of 34.14%, and a net profit attributable to shareholders of 5.13 billion CNY, which is a 14.97% increase year-on-year [2]. - The company has distributed a total of 1.54 billion CNY in dividends since its A-share listing, with 1.22 billion CNY distributed in the last three years [3]. Group 3: Shareholder Information - As of November 10, the number of shareholders for Northern Huachuang was 87,200, a decrease of 1.27% from the previous period, while the average number of tradable shares per person increased by 1.28% to 8,300 shares [2]. - The second-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 92.49 million shares, an increase of 38.03 million shares from the previous period [3].

Core Viewpoint - The stock of Huafeng Measurement and Control has shown significant volatility, with a year-to-date increase of 62.41% but a recent decline in the last five and twenty trading days [1][2]. Group 1: Stock Performance - As of November 26, Huafeng Measurement and Control's stock price rose by 2.02% to 168.50 CNY per share, with a trading volume of 1.14 billion CNY and a turnover rate of 0.50%, resulting in a total market capitalization of 22.837 billion CNY [1]. - The stock has experienced a decline of 2.18% over the last five trading days and 22.35% over the last twenty trading days, while showing a slight increase of 0.78% over the last sixty days [1]. Group 2: Financial Performance - For the period from January to September 2025, Huafeng Measurement and Control reported a revenue of 939 million CNY, representing a year-on-year growth of 51.21%, and a net profit attributable to shareholders of 387 million CNY, reflecting an increase of 81.57% year-on-year [2]. - The company has distributed a total of 565 million CNY in dividends since its A-share listing, with 336 million CNY distributed over the past three years [3]. Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders of Huafeng Measurement and Control increased to 10,200, a rise of 45.32% compared to the previous period, while the average circulating shares per person decreased by 31.18% to 13,295 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 8.5111 million shares, a decrease of 333,000 shares from the previous period, while new shareholder E Fund Competitive Advantage Mixed A holds 1.6535 million shares [3].

Company Overview - Fuman Microelectronics Group Co., Ltd. is located in Shenzhen, Guangdong Province, and was established on November 5, 2001. The company went public on July 5, 2017. Its main business involves the design, research and development, packaging, testing, and sales of high-performance analog and mixed-signal integrated circuits [2] - The revenue composition of Fuman Micro includes: power management chips (38.51%), LED lighting and control chips (32.16%), MOSFET chips (14.56%), other chips (14.55%), with other income at 0.19% and design income at 0.03% [2] Financial Performance - For the period from January to September 2025, Fuman Micro achieved operating revenue of 592 million yuan, representing a year-on-year growth of 19.32%. The net profit attributable to the parent company was -59.47 million yuan, with a year-on-year increase of 8.24% [2] - Since its A-share listing, Fuman Micro has distributed a total of 96.54 million yuan in dividends, with no dividends distributed in the past three years [3] Stock Performance - As of November 25, Fuman Micro's stock price increased by 2.01% to 33.96 yuan per share, with a trading volume of 55.58 million yuan and a turnover rate of 0.75%. The total market capitalization is 7.43 billion yuan [1] - Year-to-date, Fuman Micro's stock price has decreased by 4.45%, with a decline of 5.85% over the last five trading days, 5.38% over the last 20 days, and 18.44% over the last 60 days [1] - The company has appeared on the "Dragon and Tiger List" once this year, with the most recent appearance on April 11, where it recorded a net purchase of 55.24 million yuan [1] Shareholder Information - As of September 30, 2025, Fuman Micro had 47,300 shareholders, an increase of 11.88% from the previous period. The average number of circulating shares per person is 4,587, a decrease of 10.63% [2] - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the seventh largest, holding 1.75 million shares, an increase of 472,900 shares from the previous period [3]