On July 8, InnoScience rose 3.09% in regular trading, trading at HK$56.7/share, with turnover of HK$213 million.

On the news front, the semiconductor sector staged a broad-based rebound after consecutive sessions of adjustment, with Hua Hong Grace up 7.67%, SMIC up 6.94%, Biren Tech up 10.43%, and Iluvatar CoreX up 11.21%, collectively lifting InnoScience off recent lows.

Additionally, Soochow Securities recently initiated coverage on InnoScience with a Buy rating and a target price of HK$96.90, implying significant upside from current levels. The brokerage forecasts revenue of approximately RMB 2.2/3.5/7.0 billion for 2026-2028, representing year-over-year growth of 80%/59%/100%. Following a site visit to InnoScience's Suzhou facility, Soochow highlighted the company's 8-inch GaN-on-Si mass production platform advantages and long-term growth potential in AI power supplies and automotive electronics.

The company also recently repurchased 714,700 H shares at an average price of approximately HK$54.72 per share under its equity incentive plan, signaling management confidence.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)