Changes in Hong Kong stocks | Innosecco (02577) rose more than 4%, and gross margin continued to increase in the first half of the year. The company has accelerated the expansion of GaN production capacity

The Zhitong Finance App learned that InnoSec (02577) rose more than 4%. As of press release, it had risen 4.1% to HK$42.16, with a turnover of HK$56.887 million.

According to news, recently, with Innosecco's 2026 interim results, the company achieved sales revenue of 834 million yuan, an increase of 50.6% over the previous year; gross profit was 97.082 million yuan, an increase of 156.50% year on year, and gross margin continued to rise to 11.6%. During the reporting period, the increase in gross margin was mainly due to the increase in the share of the company's high-margin products and the cost reduction brought about by the production capacity scale effect; the Group shipped a total of 547 million units, and the cumulative shipment over the years has exceeded 2.5 billion units, making it the leading position of gallium nitride.

Goldman Sachs released a research report stating that it maintains a positive view on InnoSec's comprehensive GaN product portfolio covering 15V to 1200V and multiple terminal applications. Management pointed out that the company has accelerated the expansion of GaN production capacity and aims to increase GaN production capacity to 70,000 wafers per month in the next few years to grasp the growing demand for GaN in automotive and data center applications, as well as GaN demand in the medium to long-term robotics sector. Currently, GaN adoption in data centers is still in its early stages, and the company is still exploring business models, including cooperating with power device vendors or directly establishing partnerships with cloud service provider (CSP) customers.