Futu News reported on March 31 that $FOURSEMI (03625.HK)$ the stock opened high on its first day, surging 112.63%. As of the time of writing, it was trading at HKD 85.05. With each lot consisting of 100 shares, investors who did not account for handling fees earned HKD 4,505 per lot.
Source of market information: Futu Securities
According to previous reports, in the pre-market trading session on Futu's dark pool platform on the prior trading day, Fourier closed up 108.75% at HKD 83.5. With each lot consisting of 100 shares and excluding handling fees, investors earned HKD 4,350 per lot.
In addition, during the public offering phase, Fourier received subscriptions amounting to 3,118.43 times the available shares. The final number of shares allocated for public offering totaled 2.4 million shares, representing approximately 20% of the total offering. A total of approximately 118,537 valid applications were received, with about 18,405 accepted applications. The approximate percentage of shares allocated to applicants for one lot compared to the total number of applied shares was 5%.
Moreover, during the international placement phase, Fourier received subscriptions amounting to 2.93 times the available shares. The final number of shares allocated for international placement totaled 9.6 million shares, equivalent to 80% of the total offering.
Company Overview
The company is a Chinese supplier of power amplifier audio chips and haptic feedback chips. Operating under a fabless business model, the company focuses on designing low-power audio chips, medium-to-high power audio chips, and haptic feedback chips, providing a wide range of solutions for emerging application scenarios. The company's product portfolio empowers various industries, including consumer electronics and smart vehicles. It first launched power amplifier audio chip products for portable consumer electronics, leveraging its algorithms to optimize audio, create sound effects, and protect speakers.
Following deployment, the company's power amplifier audio chip products receive electrical signal inputs, which are analyzed and preprocessed by filtering noise and enhancing the received signals. The signals are further processed through methods such as amplifying electric power and tuning audio signals according to the scenario. The processed signals are then converted to encode speaker driver unit movements while enabling speaker protection technology. This ensures that users' devices deliver the highest-quality audio output, reduce power consumption, and protect speakers, thereby enhancing the longevity of the devices.
Financial Overview
In 2022, 2023, and 2024, as well as during the ten months ended October 31, 2024, and October 31, 2025, the company’s revenues were RMB 130.3 million, RMB 150.3 million, RMB 355.2 million, RMB 288.8 million, and RMB 280.8 million, respectively. The company recorded gross profits of RMB 9.5 million in 2022, RMB 46.6 million in 2024, RMB 38.8 million during the ten months ended October 31, 2024, and RMB 56.1 million during the ten months ended October 31, 2025.
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