Novosense (02676) rose more than 6%, reaching a high of HK$128.8 to set a new record since its listing. As of the time of writing, the stock was up 6.14% at HK$128, with a turnover of HK$28.5927 million. The surge follows recent announcements by the Shanghai and Shenzhen Stock Exchanges that Novosense has been added to the list of securities eligible for Southbound Stock Connect, effective January 5th, as its Hong Kong market price stabilization period has concluded and its corresponding A-share has been listed for over 10 trading days. A prior research report from Founder Securities noted that Novosense is a leading domestic automotive analog chip manufacturer, holding a 1.8% market share in China's automotive analog chip market in 2024, ranking tenth among all manufacturers and first among Chinese manufacturers. High-value products like SerDes chips are accelerating volume production, driving a continuous improvement in gross margin, while synergies from the acquisition of Magntek are gradually materializing, indicating strong momentum for the company's earnings growth.