Innoscience (02577.HK) saw its stock price surge 5.33% during intraday trading on Wednesday. The significant upward movement reflects strong investor optimism driven by several fundamental corporate developments.

The rally is supported by the recent launch of the company's self-developed 1200V gallium nitride (GaN) product, which offers significant advantages for high-voltage and high-frequency applications. This product has achieved mass production for medium-to-high-power supplies, with expansion plans into new energy vehicles and AI data centers. Furthermore, the company's H-share full circulation filing has been approved by the CSRC, a move expected to eliminate a potential valuation discount by converting approximately 374 million domestically held shares into H-shares.

Market sentiment is also buoyed by expectations surrounding Google's next-generation TPU, for which GaN serves as a critical power delivery component. Innoscience's strong financial trajectory, highlighted by a 142.6% year-over-year surge in GaN module revenue for fiscal year 2025, reinforces the positive outlook underpinning the stock's performance.