Digital teaching solutions provider Able Digital soared 30% in Hong Kong's grey market trading on Friday. Fabless chip designer Novosense fell 16%.

Novosense Microelectronics operates under a fabless model, focusing on chip research, development, and design, while outsourcing wafer manufacturing to external foundries and most of its packaging and testing to third-party service providers. The company serves application areas including (i) automotive electronics, (ii) broad energy, and (iii) consumer electronics, providing a diverse range of high-performance, highly reliable products and solutions. Its three main product categories—sensor products, signal chain chips, and power management chips—form a complete system link from (i) sensing, (ii) signal processing to (iii) system power supply and power drive, playing a key role in bridging and interacting between the real world and the digital world.

According to Frost & Sullivan, in terms of revenue from analog chips in 2024, the company ranks 14th among all analog chip companies in China’s analog chip market (with a market share of 0.9%) and fifth among domestic Chinese analog chip companies.

Able Digital is a Chinese provider of digital teaching solutions for higher education institutions, specializing in the development, delivery, and operation of digital educational content and teaching scenario services. Its offerings cover all key aspects of teaching, learning, practice, assessment, evaluation, and management.

Frost & Sullivan data shows that in 2023, ABLE DIGITAL ranked second in revenue among China’s higher education digital teaching market players, holding a 3.4% market share. It also led the digital content production segment with a 6.2% share.

From 2022 to 2024, ABLE DIGITAL reported revenues of approximately RMB400 million, RMB653 million, and RMB848 million, respectively. Net profits during the same period were RMB-59.11 million, RMB81.421 million, and around RMB105 million.