Shanghai, Feb 2, 2026, 09:09 GMT+8 — Premarket
- On Jan. 30, shares finished down 1.37%, closing at 121.20 yuan.
- China’s official factory PMI slipped below 50 again, pointing to contraction; a private survey is set for Feb. 2
- Investors are watching AI chip supply chatter closely, alongside a packed schedule of central-bank meetings and key earnings reports this week
OmniVision Integrated Circuits Group’s A-shares on Shanghai’s exchange (603501.SS) caught attention before Monday’s session, having dropped 1.37% to 121.20 yuan on Friday. These A-shares refer to mainland-listed stocks traded in yuan.
China’s official purchasing managers’ index (PMI) fell to 49.3 in January from 50.1 in December, missing a Reuters poll forecast of 50.0 and slipping below the 50-point mark that divides expansion from contraction. New orders dropped to 49.2, with new export orders down to 47.8. The non-manufacturing PMI declined to 49.4, its lowest since December 2022, according to the survey. Huo Lihui at the National Bureau of Statistics said demand remained weak, while Ting Lu at Nomura warned policymakers “will have to do much more.” Analysts surveyed by Reuters expect the private-sector RatingDog PMI to hit 50.3 when it’s released later on Feb. 2. Reuters
For a chip designer linked to consumer devices, that mix shifts fast. Factory and services surveys can hint at whether demand for handsets and gadgets is holding firm or slipping once more.
OmniVision’s market cap stands near 152.2 billion yuan after its latest close, with shares slipping 3.73% year to date, according to AASTOCKS.com. Over the past 52 weeks, the stock has fluctuated between 105.90 and 161.96 yuan.
Chip sector sentiment has been rattled by AI supply-chain news. Nvidia’s Jensen Huang, speaking in Taipei, urged Taiwan Semiconductor Manufacturing Co to “work very hard this year,” citing his need for “a lot of wafers.” He also highlighted tight supplies of high-bandwidth memory chips. Reuters
Risk appetite is unsettled as the week begins. A Reuters report points to volatile metals markets, a surge in corporate earnings, key central bank meetings, and Friday’s US payrolls data as key factors likely to shake markets.
The company has also been active in capital markets. In January, it raised HK$4.8 billion ($616 million) through a Hong Kong listing, with most of the funds earmarked for research and development. It ranks as the world’s third-largest digital image sensor provider in 2024, holding a 13.7% revenue share, according to Frost & Sullivan.
Still, the immediate market action could depend on Monday’s private PMI. If that report comes in weak, or if policymakers continue with cautious, incremental moves, mainland semiconductor stocks might falter. That’s especially likely after recent gains in other tech sectors.
Traders are set to eye the Feb. 2 private-sector PMI for a fresh snapshot of demand, before turning their attention to the company’s March 31 update.
earnings for specifics on orders, margins, and the growth pace of its sensor business.
