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The latest announcement is out from Suzhou Novosense Microlectronics Co. Ltd. Class H ( (HK:2676) ).
Suzhou Novosense Microelectronics has issued a positive profit alert for 2025, flagging a sharp rebound in operating performance despite remaining loss-making. The group expects revenue to surge 68%–73% year-on-year to between RMB3.3 billion and RMB3.4 billion, driven by sustained growth in automotive electronics sales, recovering demand in energy and industrial automation, and strong AI-related demand for server power products, alongside incremental contributions from the newly consolidated MagnTek business. Net loss attributable to shareholders is forecast to narrow to RMB200 million–RMB250 million in 2025, from RMB402.9 million in 2024, with a similar reduction in losses after excluding non-recurring items, underscoring improved scale and operating leverage that could bolster investor confidence in the company’s path toward profitability.
More about Suzhou Novosense Microlectronics Co. Ltd. Class H
Suzhou Novosense Microelectronics Co., Ltd. is a China-based semiconductor company focused on microelectronics products, with a growing presence in automotive electronics, energy, industrial automation, and server power applications. The consolidation of Shanghai MagnTek Microelectronics Co., Ltd. has further expanded its product portfolio and strengthened its positioning in these downstream markets, particularly as demand recovers in photovoltaics, energy storage, and AI-driven server power sectors.
Average Trading Volume: 438,783
Current Market Cap: HK$31.14B
See more data about 2676 stock on TipRanks’ Stock Analysis page.