FOURSEMI (03625) saw its share price jump by more than 11% during the morning session on Monday, extending gains after a recent surge.
As of the time of writing, the stock was up 4.53% at HK$69.2, with a turnover of approximately HK$18.74 million. The latest catalyst comes from the company's official inclusion in the Stock Connect southbound trading list, effective from September 7th. This move is expected to broaden the company's investor base, enhance liquidity for its H-shares, and further optimize its shareholder structure.
Notably, trading volume for FOURSEMI has expanded significantly since its inclusion, signaling a marked increase in attention from mainland investors. In the first half of this year, the company actively pushed forward its strategy to diversify applications for its audio products, building a more balanced and resilient audio business portfolio. Among its highlights, revenue from automotive audio products skyrocketed by over 300% year-on-year, with the company securing partnerships with several leading new energy vehicle manufacturers. Additionally, revenue from its haptic feedback chip products grew by more than 330% year-on-year, achieving mass shipments in the smartwatch and smart glasses segments, while also expanding into emerging applications such as dexterous hands for embodied robots and gaming handhelds/controllers.