INNOSCIENCE (02577) saw its shares rise more than 5% during the trading session. At the time of writing, the stock was up 4.41%, trading at HKD 56.85 with a turnover of HKD 167 million. A research report from Huachuang Securities noted that by 2025, explosive growth in AI computing demand, accelerated adoption of new energy vehicles, and the emerging humanoid robotics industry are expected to drive increased penetration of gallium nitride (GaN) devices in the power semiconductor market. This is due to GaN's material advantages, including high frequency, high power density, low on-resistance, and high conversion efficiency. In 2025, leveraging its expertise in GaN technology, INNOSCIENCE expanded its applications from consumer electronics to three core areas: AI data centers, new energy vehicles, and robotic joint drives, successfully transitioning from concept to mass production. The report further stated that INNOSCIENCE achieved GaN chip sales revenue of RMB 63 million in the AI and data center sectors in 2025, representing a year-on-year increase of 50.2%. It is anticipated that with the adoption of high-voltage direct current architecture, a new era of large-scale AI-GaN applications will emerge. Bank of America Securities indicated that during an analyst briefing following the release of its 2025 fiscal year results, INNOSCIENCE's management highlighted strong downstream demand for 2026, driven by rising GaN penetration across end markets. Management projects total revenue for fiscal year 2026 to reach between RMB 2 billion and RMB 2.5 billion, reflecting year-on-year growth of 65% to 106%, with gross margin expected to further improve to over 15%.