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Express News | Tian Yue Advanced has released the industry's first 300mm silicon carbide substrate.
Tianyue Advanced (688234): Car-grade substrates are supplied in large quantities, leading the industry with continuous enhancement of production capacity and profitability.
Investment highlights: Focus on silicon carbide substrate products, order delivery drives revenue growth and performance turnaround. The company focuses on the research and development, production, and sales of silicon carbide substrates, which can be widely used in areas such as microwave electronics, electrical utilities, etc. With the shanghai lingang holdings factory
Tiandao Advanced (688234): Profit margin significantly turned around year-on-year, mass supply of 8-inch substrates to overseas customers.
Event: The company released the third quarter report of 2024. In the first three quarters of 2024, the company achieved revenue of 1.281 billion yuan, a year-on-year increase of 55.34%; achieved a net income attributable to the parent company of 0.143 billion yuan, a significant year-on-year turnaround; achieved non-recurring net profit adjustment.
Tianyue Advanced (688234): Comprehensive improvement in profitability, overall layout to embrace the new era of 8-inch technology.
On October 30, the company released the third quarter report for 2024. The company achieved revenue of 1.281 billion yuan in 2024 Q1-3, yoy +55.34%; net income attributable to the parent company was 0.143 billion yuan in 2024 Q1-3.
Tianyue Advanced (688234): The revenue in the first three quarters reached a new high with 8-inch substrates leading in mass production.
Event: On October 29th, Tianyue Advanced released the third quarter report for 2024, with the company achieving revenue of 1.281 billion yuan in the first three quarters, a year-on-year increase of 55.34%; achieving a net profit attributable to the parent company of 0.143 billion yuan, turning a loss into profit year-on-year.
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