Changes in Hong Kong stocks | Tianyue Advanced (02631) rose more than 8%, optical grade SiC downstream applications are still in demand release, and the company's large-size products have received orders from leading customers in the early stages

The Zhitong Finance App learned that Tianyue Advanced (02631) rose more than 8%. As of press release, it had risen 8.09% to HK$64.1, with a turnover of HK$161 million.

According to the news, recently, Tianyue Advanced stated on the investor interactive platform that the company continues to carry out technical cooperation and product delivery with leading global optical customers in the field of micro-nano optics, and actively promotes product iteration and downstream customer introduction. Currently, downstream applications of optical grade silicon carbide are still in the early stages of release of demand. Large-scale release is still in the process of being released, and it is difficult to predict when large-scale revenue will be implemented. The company has always been deeply cultivating silicon carbide as a core product, and is actively developing and exploring other new semiconductor materials based on this.

On the performance side, Tianyue Advanced previously announced its 2026 interim results. The company's revenue was 914 million yuan, an increase of 15.10% over the previous year, and a comprehensive gross profit margin of 22.86%. It is worth mentioning that Tianyue Advanced revealed in the Mid-Quarterly Report that currently 12-inch products have received orders from leading customers, which means that the company is already at the forefront of the industry in the direction of next-generation large-size substrates. The significance of 12 inches is not only technical display, but also that mass production of 12 inches will enable successful implementation in many emerging fields. As an advanced platform material, SiC will further reduce unit costs in many fields and open up space for large-scale commercialization.