Changes in Hong Kong stocks | Tianyue Advanced (02631) rose more than 5% Tianyue Advanced leads the silicon carbide industry into the 12-inch era

The Zhitong Finance App learned that Tianyue Advanced (02631) rose more than 5%, with a cumulative increase of nearly 45% during the month. As of press release, it rose 5.71% to HK$80.55, with a turnover of HK$119 million.

According to news, on August 6, the 2025 Shandong Science and Technology Award Conference was held in Jinan. The “Key Technology Research and Industrialization of Large Size High Quality Silicon Carbide Semiconductor Substrate Materials” project led by Tianyue Advanced won the Shandong Science and Technology Progress Award. The successful industrialization of Tianyue's advanced 12-inch full range of substrates not only achieved technological transcendence, but also opened up a full range of new racetracks and long-term growth space for the industry.

Dongwu Securities Hong Kong released a research report saying that in 2026Q1, with the rapid release of 8-inch products, Tianyue Advanced's gross margin was restored to close to 20%, the 8-inch revenue share has increased to about 45%, and profitability has improved markedly compared to 2025. Entering 2026Q2, the company has requested price increases for new orders and expedited orders from some customers other than the new production capacity. As the supply and demand pattern continues to be optimized, the product structure is improved, and 8-inch production capacity is released, the company's profit recovery is expected to be further realized.