On August 31, INNOSCIENCE fell 5.14% in regular trading, trading at HKD 43.78 per share, with turnover of approximately HKD 75.12 million. The decline came just days after the company released its H1 interim results on August 28.

The company reported H1 revenue of RMB 834 million, up 50.6% year-on-year, with net loss narrowing 27.9% to RMB 309 million. Gross margin improved significantly from 6.8% to 11.6%, driven by a higher mix of premium products and scale efficiencies. Operating net cash flow turned positive at approximately RMB 169 million, compared to a net outflow of RMB 387 million a year earlier. Revenue from high-value segments including AI data centers, industrial and energy storage, and new energy vehicles reached RMB 532 million, surging 70% year-on-year. AI data center chip shipments grew 183%, while automotive chip shipments rose 103%.

Despite these operational improvements, the stock retreated as the company remains loss-making. The broader Semiconductors sector also traded under pressure, with SMIC down 3.28%, HUA HONG GRACE down 4.48%, and MONTAGE TECH down 6.53%. Concurrently, the company announced a board restructuring and CFO replacement effective August 28.

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