NOVOSENSE (02676) fell more than 5% during the morning trading session. As of the time of writing, the stock was down 4.13%, trading at HKD 141.6, with a turnover of HKD 17.2148 million.

The movement follows the company's announcement projecting full-year 2025 revenue to be between 3.3 billion and 3.4 billion yuan, representing a year-on-year increase of 68.34% to 73.45%.

However, the company also anticipates a net profit attributable to owners of the parent company in the range of -250 million to -200 million yuan for 2025, indicating a narrowing loss compared to the previous year.

During the reporting period, demand in the downstream automotive electronics sector showed steady growth, leading to a continuous increase in shipments of the company's related automotive electronics products.

The broader energy sector demonstrated a general recovery, with most customers in the photovoltaic and energy storage segments returning to normal demand levels, while server power supply customer demand grew rapidly, driven by AI applications.

The consolidation of Magntek's financial results has enriched the company's product portfolio, and its business contribution positively impacted the revenue growth for the period.