InnoScience (Suzhou) Technology Holding Co Ltd Class H

InnoScience (Suzhou) Technology Holding Co Ltd Class H

HHKEX:2577
30.82
HKD
-2.58
(-7.72%)
71.74BMarket Cap
Mar 26Next Earn
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.08
0.15
0.67
1.01
1.38
- -
Basic EPS, GAAP
-3.87
-2.51
-1.25
-1.28
-0.95
- -
Free Cash Flow per Basic Share
-1.91
-1.59
-1.05
-0.62
-1.15
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
Book Value per Share
-4.69
3.37
2.23
3.38
4.6
4.6
Tangible Book Value per Share
-5.21
2.92
1.87
3.1
4.42
4.42
Basic Weighted Avg Shares
879
879
879
819
881
881
Sales/Revenue/Turnover
68
136
593
828
1,213
- -
Operating Margin (%)
-1,471.95
-900.27
-170.26
-118.89
-65.68
- -
Depreciation Expense
265
470
534
516
517
- -
Net Income, GAAP
-3,399
-2,205
-1,102
-1,046
-841
- -
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
Profit Margin (%)
-4,983.28
-1,619.6
-185.91
-126.22
-69.28
- -
Working Capital
1,038
916
185
1,464
3,513
3,513
LT Debt
1,252
1,668
1,576
1,461
1,955
1,955
Total Equity
-4,125
2,960
1,964
2,971
4,211
4,211
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
- -
-44.76
-42.38
-23.41
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
534
419
347
LT Borrowings
1,401
2,087
1,894
LT Finance Leases
59
54
61
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
879
881
915
Market Capitalization
25,816
29,943
64,466

Working Capital

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
2,460
3,027
4,333
Cash, Cash Equivalents & STI
1,525
1,643
2,651
Accounts Receivable, Net
357
497
559
Inventories
444
715
897
Total Current Liabilities
996
942
820
Payables & Accruals
- -
- -
- -
ST Debt
534
419
347
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
41.72%
Free Cash Flow
- -
- -
100.17%
Net Income, GAAP
- -
- -
-19.62%
Sales/Revenue/Turnover
- -
- -
46.45%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
593
2024
- -
- -
828
2025
- -
- -
1,213

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
-1.25
2024
- -
- -
-1.28
2025
- -
- -
-0.95

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
- -
2024
- -
- -
- -
2025
- -
- -
- -

Company Description

CEO
Jin Gang Wu
Full Time Employees
1,359
Sector
Electronic technology
Industry
Semiconductors
Address
No. 98 Xinli Road Suzhou JS China 215200
IPO Date
Dec 30, 2024
Business
InnoScience (Suzhou) Technology Holding Co., Ltd. engages in the design, development, and production of gallium nitride on silicon (GaN-on-Si) power semiconductor products, serving global markets across consumer electronics, renewable energy, industrial, automotive electronics, and data center applications; it manufactures GaN wafers, discrete chips, integrated circuits (ICs), and modules, and provides related design and packaging capabilities through an integrated in-house IDM model. The company operates primarily from Suzhou, China, with headquarters in Suzhou and a listed presence in Hong Kong (ticker 2577.HK), reflecting its cross-border investor visibility and access to international capital. InnoScience focuses on the GaN power semiconductor ecosystem, delivering product categories including GaN wafers, GaN discrete devices, GaN ICs, GaN modules, and integrated GaN solutions, and serves markets that demand high-efficiency, compact power conversion for consumer devices, energy storage and renewable systems, automotive electronics, data centers, and industrial power applications. The business model emphasizes end-to-end control of design, fabrication, testing, and sales, enabling rapid iteration, quality assurance, and scale, with an IDM approach aimed at reducing supply chain risk and accelerating time-to-market for GaN-based power solutions. Founding year and corporate roots trace to early development in GaN-on-Si technologies, with continuous expansion of production capacity, product portfolio expansion, and strategic alignment with automotive-grade and autonomous capabilities as part of recent corporate evolution. InnoScience has pursued strategic initiatives including partnerships and collaborations to advance automotive-grade GaN offerings, broaden application coverage into LiDAR and in-vehicle systems, and expand its footprint in high-growth markets for electrification and intelligent manufacturing; it has also pursued funding and equity-related activities to support capacity expansion and product launches in the last 1–2 years. The company’s latest changes include product line expansions for low-voltage GaN chips targeting automotive applications, certification and qualification progress toward automotive-grade products, and ongoing geographic and capacity investments to support mass production timelines; these developments align with broader efforts to scale GaN-based power solutions across multiple end markets and regions. In summary, InnoScience positions itself as an IDM‑driven GaN power semiconductor innovator, delivering a comprehensive suite of GaN-on-Si products and modules, supported by ongoing capacity expansion, automotive-grade qualification efforts, and strategic partnerships to capitalize on the growth in electrification, energy efficiency, and next‑generation power electronics across global markets. [Sources: InnoScience HK listed profile and company descriptions, broad GaN-on-Si product discussions, and Hong Kong exchange disclosures on automotive-grade progress and revenue drivers.]