---
title: "Hong Kong Stock Movement: INNOSCIENCE rises 10.20%, patent ruling and large transactions boost market confidence"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286189597.md"
description: "INNOSCIENCE rose 10.20%; Semiconductor Manufacturing International Corporation (SMIC) fell 3.07%, with a transaction volume of HKD 3.22 billion; Hua Hong Semiconductor fell 1.24%, with a transaction volume of HKD 2.263 billion; Montage Technology rose 6.25%, with a transaction volume of HKD 935 million; Zhaoyi Innovation rose 1.58%, with a market capitalization of HKD 359.3 billion"
datetime: "2026-05-13T03:18:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286189597.md)
  - [en](https://longbridge.com/en/news/286189597.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286189597.md)
---

# Hong Kong Stock Movement: INNOSCIENCE rises 10.20%, patent ruling and large transactions boost market confidence

**Hong Kong Stock Movement**

INNOSCIENCE rose 10.20%. Based on recent key news:

1.  On May 11, the U.S. International Trade Commission ruled on the patent infringement case against INNOSCIENCE, stating that four patent claims do not constitute infringement, and the remaining two involve discontinued products, having no significant impact on U.S. operations. This ruling demonstrates INNOSCIENCE's technological innovation capability, driving the stock price up. Source: CLSA
    
2.  On May 13, INNOSCIENCE saw large trades with a transaction price of 75.00 yuan, involving 20.8725 million yuan, indicating market confidence in its future growth. Source: Huigang Communications
    
3.  On May 11, CLSA maintained an "Outperform" rating on INNOSCIENCE with a target price of 113.6 yuan, believing it will continue to benefit from growth in data centers, automotive, and robotics sectors. Source: CLSA's gallium nitride industry growth is strong, enhancing market confidence.
    

**Stocks with High Trading Volume in the Industry**

SMIC fell 3.07%. Based on recent key news:

1.  On May 11, SMIC announced a full acquisition of 49% equity in SMIC North by 40.6 billion yuan, with the transaction approved by the Shanghai Stock Exchange. This move will significantly enhance SMIC's profitability, and the market reacted positively, but the stock price is volatile in the short term.
    
2.  On May 12, SMIC is set to announce its Q1 2026 financial report, with the market expecting a net profit growth of 19%, but investors are focused on the expansion of advanced processes and the progress of AI chip localization, putting pressure on the stock price.
    
3.  On May 11, the Hong Kong stock market showed a strong wait-and-see atmosphere, with poor performance in tech stocks dragging down SMIC's stock price. The semiconductor industry is accelerating consolidation, leading to increased market volatility.
    

Huahong Semiconductor fell 1.24%. Based on recent key news:

1.  On May 12, Huahong Semiconductor announced the appointment of Lin Junyi as Executive Vice President, responsible for operations at the Wuxi base. This personnel change may affect the stability of the company's management, causing stock price fluctuations. Source: Zhitong Finance
    
2.  On May 11, Huahong Semiconductor's stock price fluctuated at a high level, with over 6 million yuan flowing in, and the stock price fell back to 129 yuan, indicating market uncertainty regarding the upcoming performance announcement. Source: Lun Tan Zhong Shi
    
3.  On May 11, Huahong Semiconductor announced its Q1 performance, with sales revenue increasing by 32% and new order amounts surging by 70%, but the stock price failed to maintain its upward trend, reflecting market caution regarding future growth. Source: Economic Times The semiconductor industry's prosperity continues to rise, with significant capital inflow.
    

Lanqi Technology rose 6.25%. Based on recent key news:

1.  On May 11, storage concept stocks benefited from the AI boom, leading to a rise in Lanqi Technology's stock price. The global demand for storage chips is strong, pushing Lanqi Technology's stock price up by 14.75%, with a transaction volume reaching 935 million Hong Kong dollars. Source: Zhitong Finance
    
2.  On May 11, Lanqi Technology, as a direct beneficiary of AI computing demand, saw its stock price rise. Lanqi Technology's memory interface chips help AI computers accelerate data transmission, attracting market attention Source: WSJ
    

On May 11, Goldman Sachs analysts were optimistic about the profit outlook for the memory semiconductor industry, benefiting the stock price of Montage Technology. The rise in memory chip prices and market misjudgment regarding profit sustainability drove the stock price up. Source: Zhitong Finance, strong demand in the memory industry, significant capital inflow.

**Stocks ranked at the top of the industry by market capitalization**

GigaDevice rose 1.58%. Based on recent key news:

1.  On May 11, memory concept stocks opened higher collectively, benefiting from the AI boom that ignited massive storage demand, with the global memory chip market remaining hot. GigaDevice's stock price rose 9.18%, closing at HKD 535. Zhitong Finance
    
2.  On May 11, Goldman Sachs analysts believed that the continued high profitability outlook for the memory semiconductor industry indicated a market misjudgment regarding profit sustainability. The significant rise in memory chip prices further propelled GigaDevice's stock price upward. Zhitong Finance
    
3.  On May 11, CITIC Securities believed that the increase in memory prices again proved that the memory industry's prosperity remained high, with supply unable to meet demand expected to continue until 2027, and price increases throughout 2026. GigaDevice benefited from industry trends, with its stock price rising. Zhitong Finance, high prosperity in the memory industry, with prices continuing to rise

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